Lincoln Selected to Manage Over 111,000-SF Midtown Portfolio for Fast-Growing ANiMAL
Thursday, September 19th, 2024
Full-service commercial real estate firm Lincoln Property Company (Lincoln) 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.