DALLAS, TX – Lincoln Property Company s residential division and its partner, Cadillac Fairview, as co-sponsor, have grown their US multifamily fund from $800 million to $1.8 billion in equity. Lincoln Residential, Cadillac Fairview and the Investment Management Corporation of Ontario (IMCO) contributed to the $1.0 billion expansion.
The fund will continue to work as a long-term investment vehicle, focusing on the development and acquisition of high-quality multifamily assets in top US markets. To date, the fund has bought several luxury communities including: The Earl in Arlington, VA; The Pullman in Denver, CO; The Registry on the Park in Atlanta, GA; The Bernardin in Chicago, IL; and Lake House in Orlando, FL.
The growth of the fund is a testament to the success we ve seen since its inception nearly two years ago, said Duncan Osborne, Executive Vice President, Investments, for Cadillac Fairview. Expanding and diversifying into the US multifamily market with our partner, Lincoln Residential, alongside our existing partner, IMCO, has been fruitful and we look forward to the opportunities that arise from the fund s continued growth.
Tim Byrne, CEO for Lincoln Residential, commented, We are honored to grow our partnership with Cadillac Fairview and IMCO. They are fantastic partners and we are excited to continue our goal of building a best-in-class portfolio together.
In fact, the fund has numerous development projects under construction, with additional projects plotted in major cities, including Boston, Washington, D.C., Charlotte, Nashville, Dallas, Atlanta, Miami, Phoenix, and Chicago, to name a few.
Brian Whibbs, Managing Director, Real Estate for IMCO added, Multi-residential assets continue to perform well and play an vital diversification role in our portfolio. Upsizing our commitment in this successful US multifamily fund with our valued partners Lincoln and CF furthers IMCO s mission of making value for our clients.

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LOS ANGELES, CA – Clarion Partners and Cityview, a vertically-integrated multifamily investment management and development firm, announced the joint acquisition of Empire Landing, a unique, lush, garden-style apartment community composed of 276-units in Burbank, CA. Empire Landing features traditional one- and two-bedroom apartments, as well as 41 three-tale townhomes with two-car direct access garages. This is the only rental community in supply-constrained Burbank to offer townhome residences larger than 1,500 square feet.
Clarion and Cityview are plotting a comprehensive renovation of the common areas, amenities, and interiors. The expansive gated community features ample indoor and outdoor amenities which will be re-envisioned with an updated design, revamped leasing experience, and renewed functionality of shared amenities, including the pool deck, fitness center, and clubhouse. In-unit renovations will include an updated design and high-end finishes and appliances.
Empire Landing is centrally located where urban and suburban environments converge in one of the most job-rich, high-growth economic areas of Southern California, often referred to as the ‘media capital of the world , said Devang Shah, managing director, Cityview. Modernizing this community will deliver Class-A style and amenities to a city demonstrating high demand for quality rental housing.
Located in historically one of the strongest performing submarkets of Los Angeles, Empire Landing is situated among 10 million square feet of office space within a ten-mile radius, roughly 70% of which are Class A and largely media companies – including 16 animation studios, 15 television and broadcasting networks, eight record marks and 10 motion picture studios. With media and tech giants continuing to enter and expand their footprints in the community, and Hollywood and downtown within a 30-minute drive, residents have access to some of the most marquee employers in the country. Conveniently located minutes from vibrant Downtown Burbank and more than two million square feet of retail space, residents have the best of both urban and suburban environments.
We are excited to partner with Cityview who will bring a wealth of value-add experience to re-envision the property while delivering outstanding tenant satisfaction, said Robert Wilshusen, vice president, Clarion Partners.

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KISSIMMEE, FL – Venterra Realty bought in Kissimmee, Florida. The property was built in 2008 by D.R. Horton, one of the largest homebuilders in the U.S., with condominium-quality “concrete block” construction.
The community features sizable apartments with an average unit size of 1,316 square feet, and an extensive amenity package that includes a resort-style heated swimming pool and spa, a fully equipped workout area, elegant clubhouse with billiards, video game room, clubroom and bar area with flat-screen TVs.
Cane Island is well positioned with close proximity to 6 of the top 12 theme parks in the world. While Orlando is known for its world-class entertainment cluster, other sectors of the economy have gained momentum, leading to diversification over the past decade. The area has been named one of the country’s most competitive locations for business and boasts a perpetual talent pipeline with over 500,000 students within a 100-mile radius.
The community provides renters a convenient location and the largest floorplans in the area. Cane Island’s two, three and four bedroom apartments offer ample closet space, granite counter tops, space to work from home and full-size washer and dryer. Venterra will complete further unit upgrades, including the addition of SmartHome technology, and the development of Venterra’s customer-focused management platform.
“Cane Island is a valuable investment to be added to the growing Venterra portfolio in the top-performing market of Orlando. We are confident that the property will benefit substantially from our unit upgrade program and we look forward to making Cane Island an even more desirable place to live,” said Venterra Realty Chairman, Andrew Stewart.
Venterra will implement its resident-focused programs such as the Live it. Like it. Guarantee, the 48-Hour Maintenance Guarantee, SMARTLEASING, as well as their overall commitment to providing a world-class living experience for which Venterra has become known.
“This property offers significant opportunity, and we are excited to continue our growth in Florida, leaning into its strong employment growth and attractive supply and demand,” said John Foresi, CEO of Venterra Realty.

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