Lincoln Property Launches Second Logistics Fund With $280M Cornerstone Close

Lincoln Property Company announced the cornerstone close of Lincoln Logistics Fund II with $280 million in capital commitments, representing nearly one-third of the Fund’s $1 billion target. The fund will primarily target last mile/multi-tenant investments across the U.S.

The fund received support from two of Lincoln’s longstanding investors, U.S. public pension plans, alongside Lincoln’s majority owner, Stone Point Capital, and Lincoln employees.

“We are delighted to have the support of two of Lincoln’s longstanding relationships in this cornerstone close,” said David Binswanger, Co-CEO, Lincoln. “These U.S. public pension plans have invested with us for over a decade, one for over 25 years, and we are honored that they are early supporters of the Fund.”

“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,” added Gary Kobus, Co-Head of Logistics, Senior Managing Director, Lincoln. “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 is a global, full-service real estate firm with more than $31 billion of assets under management as of December 31, 2025. Lincoln’s combined management and leasing portfolio includes more than 720 million square feet of commercial space.