Dallas' Lincoln Property Co. makes major acquisition of California-based RiverRock Real Estate.
“I founded RiverRock in 2003 to provide a better solution for clients, embracing the most successful ideas in customer service, technology, training, and pricing,” Combs said in a statement. “I am honored to embark on this new opportunity to collaborate with Lincoln’s leadership and teams to again redefine best-in-class service at the local, national and global level.
Lincoln Residential is one of the largest multifamily operators in the U.S., with over 4,500 employees. It has $2 billion in projects under development, including several in North Texas, and over 200,000 rental units under management. Lincoln Property‘s continued business lines include leasing, development and investment in office, life science, retail, industrial, data center, production studio and mixed-used properties throughout the United States, United Kingdom, and Europe.It has acquired and developed more than $24 billion and 62 million square feet of commercial projects since 2018.
“When we announced the Stone Point Capital investment earlier this year, it kicked off a growth plan intended to align Lincoln with the best brands in the business,” Duvall said in a statement.
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