Lincoln Property Raises a Third of $1B Target for Logistics Fund
Lincoln Property Company has raised $280 million through the close of Logistics Fund II, which is targeting last-mile and multi-tenant investments across the country.
The total amount represents the cornerstone close of the pool, which is almost a third of the $1 billion sought in total. So far, the fund has attracted major support from public pension plans, Lincoln's employees and majority owner, Stone Point Capital LLC, as well as the Dallas-based firm's long-tenured investors.
Logistics Fund II continues on Lincoln's value strategy that it has been deploying since 2001, mainly aiming for offensive plays in the multi-tenant and last-mile sectors. The $31 billion asset manager said that it plans to leverage its 25-year experience in logistics and its current footprint of 35 offices to its advantage under Logistics Fund II.
"We are grateful for the conviction shown by our investors at this initial close and are energized by the current pipeline of opportunities for the Fund," Gary Kobus, co-head of logistics and senior managing director of Lincoln, said in a statement.
"We will be taking full advantage of our on-the-ground market knowledge across the U.S. to seek to generate value for our investors as we deploy this capital."
Lincoln Property believes it's in a strong position for "continued fundraising momentum" as it gears up toward the fund's next close.
Currently, the firm's website shows 236 industrial properties for lease.
Outside of industrial, Lincoln Property has been actively investing in California's office sector, with 13 transactions completed in the past two years across 2.9 million square feet, as of September 2025. In the region, Scott Moffatt, executive vice president and San Diego market leader at Lincoln, revealed to GlobeSt. that it is targeting high-quality buildings just below the "top tier" in well-located areas.
Source: GlobeSt/ALM