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Norwalk mixed-use iPark property changes hands in $450M portfolio deal. August 19, 2026 A sprawling Norwalk mixed-use property anchored by Northwell Health has changed hands for approximately $105.5 million as part of a larger $450 million real estate portfolio acquisition spanning three states. Lincoln Property Co., Saber-Hightower and Waterfall Asset Management announced Wednesday that they acquired the roughly 29-acre property at 761 Main Ave., which includes approximately 400,000 square feet of commercial space and sites approved for future multifamily development. Norwalk land records show the property was transferred through multiple transactions involving several parcels and ownership entities, in a deal totaling about $105.5 million. The seller was National Resources, a Greenwich-based real estate development firm that acquired the former Perkin-Elmer property in 2007 and subsequently redeveloped it into the mixed-use iPark complex. Today, the complex is anchored by a Northwell Health outpatient medical facility and also houses the headquarters of bicycle manufacturer Cannondale and a roughly 70,000-square-foot Club Studio fitness facility. The new ownership group said its plans include expanding the medical office presence at the Norwalk property. The buyers also said the site contains pads approved for multifamily development. The Norwalk property was acquired as part of a $450 million portfolio deal that includes real estate in Connecticut, New York and New Jersey. All of the properties were owned by National Resources. The largest in the portfolio is iPark 84, a 270-acre business park in East Fishkill, New York, with approximately 1.8 million square feet of space and capacity for more than 1.5 million square feet of additional development. The portfolio also includes Edgewater Harbor, a 262-unit waterfront mixed-use development in Edgewater, New Jersey, and Trilogy Lofts, a 97-unit apartment community near the Tuckahoe Metro-North station in Yonkers, New York. A 50-unit second phase of Trilogy Lofts is expected to begin development this year. Lincoln Property Co. is a large private real estate firm with investments and operations across a range of property types. Saber-Hightower is a New York-based real estate development and investment firm, while Waterfall Asset Management is a New York-based alternative investment manager with approximately $12.1 billion in assets under management as of March 31.

Lincoln Property Company surpasses $2 billion in 2026 capital formation. Lincoln Property Company says it has raised more than $2 billion in equity capital in 2026, led by a new $400 million discretionary program backed by family offices HF Capital and SGF Capital. Lincoln Property Company said it has surpassed $2 billion in equity capital formation across its investment platform so far in 2026, anchored by a new $400 million discretionary investment program backed by two family offices. The milestone underscores a broader pivot among large private real estate firms toward family office capital as a stable, long-cycle alternative to traditional institutional fundraising. The Dallas-based firm, one of the largest private real estate companies in the United States, announced the figure in a July 27 release distributed via Business Wire. Lincoln manages and leases more than 720 million square feet of commercial space for institutional clients across the United States, United Kingdom and Europe, giving it a national platform that family offices have increasingly sought out as a co-investment partner in recent years. The $2 billion total is led by a newly formed $400 million discretionary investing relationship with HF Capital, which invests on behalf of the Knoxville, Tennessee-based Haslam family, and SGF Capital, the family office of Autry C. Stephens. According to the release, the arrangement gives Lincoln discretionary capital to pursue real estate opportunities across its national platform, spanning office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, university and sports and entertainment properties, as well as mixed-use development. JLL Securities advised Lincoln in arranging the partnership. The capital formation push comes amid an active year for commercial real estate financing and investment sales. Newmark reported record second-quarter revenue in late July, with capital markets revenue up 16% and investment sales up more than 54% year over year, while nonresidential construction starts hit a one-month record in June, according to ConstructConnect. Family offices have been a growing source of discretionary, relationship-based capital for large operating platforms during a period when some traditional institutional allocators have moved more cautiously. "Partnership has always been at the center of how we do business, and we are honored to be aligned with two of the premier family office investors in the country," Lincoln Co-CEO David Binswanger said in the release. Co-CEO Clay Duvall said the commitment "reflects the confidence these investors place in our platform and our people, and we view it as a foundation for creating value together." Joe O'Brien, chairman and CEO of SGF Capital, said in the release that "Lincoln has built an exceptional platform and a reputation for disciplined, relationship-driven investing." Wellford Tabor, head of direct investments for HF Capital, said the family office "were looking for a real estate partner with aligned values, a long-term perspective, and the proven ability to generate exceptional investment results." The release did not break out how the remaining roughly $1.6 billion of the $2 billion total was raised beyond the new $400 million program, nor did it provide a direct comparison to Lincoln's capital formation total for 2025 or prior years. What it means. Verified facts: Lincoln Property Company says it has raised more than $2 billion in equity capital across its investment platform in 2026, including a new $400 million discretionary program with HF Capital and SGF Capital, and named the executives quoted above. Those figures and quotes come directly from the company's own announcement and have not been independently audited by RealtyWire. Attributed interpretation: Lincoln and its family office partners describe the arrangement as a long-term, values-aligned partnership built on "disciplined, relationship-driven investing" - characterizations that reflect the companies' own framing of the deal rather than independent verification. RealtyWire analysis: The announcement fits a broader pattern this year of large, diversified real estate platforms leaning on family office relationships for flexible, discretionary capital, a trend that shows up alongside stronger capital-markets activity reported elsewhere in the sector this earnings season, including in commercial real estate more broadly. What to watch. Whether Lincoln discloses further detail on how the $400 million program is deployed, and whether other large private real estate platforms announce similar family office-anchored capital programs later in 2026, will indicate how durable this fundraising channel is compared with traditional institutional sources.

Lincoln Property Company and Bridge Investment Group Celebrate Opening of 440 West Apartment Homes at The Waterfront in Vancouver, Washington - Lincoln