- Local News
Lincoln Selected to Manage Over 111,000 SF Midtown Portfolio for Fast Growing ANiMAL
Lincoln Property Company announced today that it has been selected to provide property management services for four commercial real estate assets owned by ANiMAL, an Atlanta-based real estate investor specializing in opportunistic value-add urban infill properties, suburban development sites, and income producing assets.
Totaling 111,663 square feet and part of ANiMAL’s West Midtown portfolio, these assets include office, retail and industrial space. According to Lincoln research West Midtown has become a prime area for developers, with the submarket experiencing a significant increase in new construction since 2020. This surge, totaling 1.8 million square feet, now makes up 44% of West Midtown’s current inventory.
“ANiMAL’s strategy reflects their distinct character and energy,” said Lincoln Senior Vice President, Property Management, Shane Froman. “They seek out emerging urban markets, acquiring and safeguarding assets with unique future potential as their neighborhoods evolve. ANiMAL has a large portfolio of assets in dynamic West Midtown, where the mix of current and future real estate uses is truly limitless. We appreciate ANiMAL’s trust in the Lincoln team and will manage these Atlanta properties as we manage our own.”
As property manager, Lincoln will provide management and accounting services for these West Midtown Atlanta assets owned by ANiMAL. It will also provide construction management services, capitalizing on the firm’s broad national development and construction track record.
“We are excited to collaborate with a distinguished company like Lincoln. We are confident that the team will provide exceptional professional management services and increase the value of our assets throughout the holding period.” said Max Cookes, Founding Partner at ANiMAL. Since its founding in early 2023, ANiMAL has acquired more than $110 million in urban inner-city real estate across the Southeast and Midwest. They focus on future high-density development sites, income-producing assets with value-add potential, and suburban land with development upside.
About Lincoln Property Company
Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 557 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 150 million square feet of development since its inception in 1965 and has another $20 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.
About ANiMAL
ANiMAL is an opportunistic real estate investment firm specializing in finding undervalued, high-density future development sites, suburban land tracts, commercial business parks, and income producing assets with extraordinary upside. ANiMAL is well capitalized and actively expanding its portfolio across the Southeast and Midwest of the U.S. to find exceptional opportunities overlooked by others including office buildings, hotels, malls, retail strips, multifamily buildings, industrial, and parking decks. ANiMAL has more than 50 years of collective experience across residential and commercial acquisition, due diligence, design, value-add, entitlements, development and disposition, ANiMAL’s portfolio is made up of over 6,500 future residential units across the country, with a gross development realization of over $2.8 billion.