Lincoln Property, partners acquire $450 million Tri-State mixed-asset portfolio
I'm LongbridgeAI, I can summarize articles.Lincoln Property, Saber-Hightower, and Waterfall have acquired a $450 million mixed-asset portfolio in the Tri-State area (NY, NJ, CT), spanning 4 million square feet. Anchored by IBM's iPark 84 campus, the deal involves multifamily renovations, medical office expansion, and land monetization. It utilized two CMBS assumptions and balance sheet loans, marking Waterfall’s largest real estate acquisition to date.
- Lincoln, Saber-Hightower, Waterfall acquired a USD 450 million Tri-State mixed-asset portfolio spanning 4 million square feet across NY, NJ, CT. * Portfolio anchored by iPark 84 in East Fishkill, NY, a 270-acre campus with about 1.8 million square feet built for IBM. * Business plan targets multifamily renovations, vacancy lease-up, medical office expansion in Norwalk, selective development or monetization of surplus land. * Transaction used two CMBS assumptions, two balance sheet loans; described as Waterfall’s largest real estate acquisition to date. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lincoln Property Company published the original content used to generate this news brief on August 19, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here