Construction Today - July 2016 - 18

COVER STORY: LINCOLN PROPERTY CO.

the amenities at Aspire
» Among
Midtown are a cyber café, an
onsite pet spa and a fitness center.

HIP LUXURY

Lincoln Property Co. is taking advantage of Nashville's burgeoning economy. BY RUSS GAGER

H

eadquartered in Dallas, Lincoln
Property Co. says it is the
second-largest multifamily
manager in the United States.
The company also is vertically integrated
and develops and builds many of the projects it manages.
"Our management group is the bread and
butter of the company - it's what keeps the
lights on," Vice President of Construction
Southeast Ken Buck emphasizes. "Regionally in the Southeast, we manage in excess of
30,000 apartment units. Nationally, I believe
the number is 163,000 apartment units,
managed mostly for institutional clients."
That management portion of the company helps smooth out the cyclical fluctuations experienced in the development and
construction economy, thereby allowing the

18

CONSTRUCTION-TODAY.COM JULY 2016

development arm to be discriminating in
selecting properties to pursue for development and construction. Nashville - being
the capital of Tennessee and a vital healthcare, transportation, business and tourism
center for the United States - created a development market that Lincoln decided to
pursue, and construction is on the upswing.
Lincoln Property Co. is taking advantage
of Nashville's favorable market by developing two luxury apartment projects, Aspire
Midtown (partnered with Crow Holdings)
and 909 Flats (partnered with MetLife Real
Estate Investors). Plans are for the two
projects to be managed by Lincoln Property
Co. when their construction is complete.
Aspire Midtown was completed in May.
"We are actively leasing Aspire Midtown
and exceeding our anticipated leasing

velocity," Buck reports. Aspire Midtown is
bounded by the well-established West End
neighborhood to the south and is close to
an abundance of jobs. The property is located within the largest medical district in the
Southeast, anchored by Tri-Star Centennial
Medical Center, Saint Thomas Midtown
Hospital, Nashville General Hospital, Vanderbilt University and Medical Center and
HCA's new global headquarters.
Its location on Charlotte Avenue allows
easy connectivity to the central business
district's 9.4 million square feet of office
and associated jobs. Additionally, the
property is close to the area's best shopping,
dining and entertainment, including concerts and games at LP Field or Bridgestone
Arena, as well as having Centennial Park
just a block away.


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Table of Contents for the Digital Edition of Construction Today - July 2016

Contents
Construction Today - July 2016 - Cover1
Construction Today - July 2016 - Cover2
Construction Today - July 2016 - 1
Construction Today - July 2016 - Contents
Construction Today - July 2016 - 3
Construction Today - July 2016 - 4
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Construction Today - July 2016 - Cover3
Construction Today - July 2016 - Cover4
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