Lincoln Property Co., which has local offices in El Segundo, has made an undisclosed investment in Unire Real Estate Group, a third-party property management and asset services firm.
The investment, the amount of which was undisclosed, adds 60 million square feet of industrial and office space to Lincoln’s portfolio, making it one of the largest property managers in L.A. and the Southern California region.
Ali Daubert, chief strategy officer for Lincoln, said the move was part of the company’s “new strategy which involves growing inorganically in making investments in companies like Unire.”
She added that doing so allows the company to achieve greater scale quickly.
Rob Kane, senior executive vice president for Lincoln’s Southern California Region, added that the investment would allow Lincoln to grow its industrial presence, which was incredibly important to the firm.
“We’re very bullish on the future of the industrial sector,” Kane said.
Unire was ranked No. 5 on the Business Journal’s latest list of Industrial Property Management firms while Lincoln was No. 8 on the list.
Unire Founder and Chief Executive Mark Harryman, who is retiring but will remain an adviser and investor in the company, said Lincoln “lines up” well with the firm’s culture and would “help us grow in ways we couldn’t grow before” inservice lines and geography.
“Our clients are going to really benefit from this,” he added.
Griffin Cogorno will be leading the Unire team.
“This strategic investment only strengthens our service capabilities,” he said.
