Lincoln Property has acquired California-based property and asset management firm RiverRock Real Estate for an unspecified amount.

As part of the deal, RiverRock’s founding partner John Combs invested in Lincoln and will serve as a key executive on Lincoln’s leadership team. Combs will help lead the operations and growth of Lincoln’s property management business, with a focus on the West Coast.

Lincoln Property manages, leases, develops and invests in office, life-science, retail, industrial, data-centre, production-studio and mixed-used properties in the US and Europe. RiverRock provides third-party management services to clients in California and Arizona.

Lincoln Property, said the acquisition adds more than 50m sqft to its property-management portfolio and “strategically expands the company’s integrated service delivery capabilities to third-party institutional clients across office, retail and industrial asset classes”.

David Binswanger, co-CEO at Lincoln Property, said: “By combining our firms, we create an even stronger property management service offering that is bolstered by RiverRock’s unmatched knowledge and superior third-party management execution.”

To read the latest edition of the latest IPE Real Assets magazine click here.

Topics