Lincoln Property Company Named the Exclusive Real Estate Provider for Leading Insurance Brokerage TIH
Lincoln Property Company has been appointed as the exclusive real estate provider for TIH, the seventh largest insurance brokerage in the US. Starting July 1, 2024, Lincoln's Corporate Advisory & Solutions group will manage TIH's entire real estate portfolio, providing services including portfolio optimization, strategy development, project management, and lease administration. This expands Lincoln's existing role of maintaining TIH's facilities and engineering services at over 200 locations spanning 2 million sq. ft. since January 2024. The partnership follows TIH's sale from Truist Financial to Stone Point Capital and CD&R in May 2024.
Lincoln Property Company è stata nominata fornitore esclusivo di servizi immobiliari per TIH, il settimo più grande broker assicurativo negli Stati Uniti. A partire dal 1° luglio 2024, il gruppo Corporate Advisory & Solutions di Lincoln gestirà l'intero portafoglio immobiliare di TIH, fornendo servizi che includono l'ottimizzazione del portafoglio, lo sviluppo di strategie, la gestione dei progetti e l'amministrazione dei contratti di locazione. Questo espande il ruolo esistente di Lincoln, che dal gennaio 2024 si occupa della manutenzione delle strutture e dei servizi ingegneristici di TIH in oltre 200 sedi, per un totale di 2 milioni di piedi quadrati. La partnership segue la vendita di TIH da Truist Financial a Stone Point Capital e CD&R nel maggio 2024.
Lincoln Property Company ha sido designada como el proveedor exclusivo de bienes raíces para TIH, el séptimo corredor de seguros más grande de EE. UU. A partir del 1 de julio de 2024, el grupo de Asesoría Corporativa y Soluciones de Lincoln gestionará todo el portafolio inmobiliario de TIH, ofreciendo servicios que incluyen la optimización del portafolio, el desarrollo de estrategias, la gestión de proyectos y la administración de arrendamientos. Esto amplía el papel existente de Lincoln en el mantenimiento de las instalaciones y servicios de ingeniería de TIH en más de 200 ubicaciones que abarcan 2 millones de pies cuadrados desde enero de 2024. La asociación sigue a la venta de TIH de Truist Financial a Stone Point Capital y CD&R en mayo de 2024.
링컨 프로퍼티 컴퍼니는 미국에서 일곱 번째로 큰 보험 중개업체인 TIH의 독점 부동산 제공자로 임명되었습니다. 2024년 7월 1일부터 링컨의 기업 자문 및 솔루션 그룹은 TIH의 전체 부동산 포트폴리오를 관리하며, 포트폴리오 최적화, 전략 개발, 프로젝트 관리 및 임대 관리와 같은 서비스를 제공합니다. 이는 링컨이 2024년 1월부터 200개 이상의 장소에서 200만 평방피트를 초과하는 TIH의 시설 및 엔지니어링 서비스를 유지하는 기존 역할을 확장하는 것입니다. 이 파트너십은 2024년 5월 TIH가 Truist Financial에서 Stone Point Capital 및 CD&R로 매각된 데 따른 것입니다.
Lincoln Property Company a été désignée comme le fournisseur exclusif de services immobiliers pour TIH, le septième plus grand courtier d'assurance aux États-Unis. À partir du 1er juillet 2024, le groupe Conseil et Solutions Corporate de Lincoln gérera l'ensemble du portefeuille immobilier de TIH, fournissant des services allant de l'optimisation de portefeuille, du développement de stratégie, de la gestion de projet à l'administration des baux. Cela élargit le rôle existant de Lincoln dans le maintien des installations et des services d'ingénierie de TIH dans plus de 200 sites, couvrant 2 millions de pieds carrés depuis janvier 2024. Ce partenariat fait suite à la vente de TIH par Truist Financial à Stone Point Capital et CD&R en mai 2024.
Lincoln Property Company wurde als exklusiver Immobilienanbieter für TIH, den siebtgrößten Versicherungsmakler in den USA, ernannt. Ab dem 1. Juli 2024 wird die Unternehmensberatung und -lösungen-Gruppe von Lincoln das gesamte Immobilienportfolio von TIH verwalten und dabei Dienstleistungen wie Portfoliooptimierung, Strategieentwicklung, Projektmanagement und Mietadministration anbieten. Dies erweitert die bestehende Rolle von Lincoln, die seit Januar 2024 für die Instandhaltung der Einrichtungen und Ingenieurdienstleistungen von TIH an über 200 Standorten mit einer Gesamtfläche von 2 Millionen Quadratfuß verantwortlich ist. Die Partnerschaft folgt dem Verkauf von TIH von Truist Financial an Stone Point Capital und CD&R im Mai 2024.
- Secured exclusive real estate provider contract with major insurance brokerage
- Expanded service scope from 200+ locations and 2 million sq. ft. portfolio
- Diversified service offerings including portfolio optimization, strategy development, and transaction management
- None.
Insights
The expansion of Lincoln Property Company's role as TIH's exclusive real estate provider represents a significant operational shift following TIH's recent sale by Truist Financial. This deal encompasses management of over 2 million square feet across 200+ locations, marking a substantial real estate portfolio transaction. For Truist shareholders, this development further solidifies the clean break from TIH operations, streamlining Truist's business model and reducing operational complexity. The comprehensive nature of Lincoln's services, including portfolio optimization and financial analysis, suggests potential cost efficiencies and improved asset management for TIH under its new private equity ownership.
The partnership is an expansion of Lincoln's initial role maintaining TIH's facilities and providing engineering services at more than 200 locations and 2 million sq. ft. of real estate since January 1, 2024. Additionally, Lincoln provides integrated services for TIH's real estate portfolio including support for customer relationship management needs, program development, financial analysis, site acquisition and negotiations among other services.
“Our history with TIH is deeply rooted and this expansion is reflective of Lincoln's mission to help companies leverage their real estate to support their evolving business goals," said Johno Harris, Senior Executive Vice President, Lincoln Property Company. “It is a testament to the talent on our team and their commitment to delivering high-quality client solutions. We're elated to continue our work with TIH's best-in-class Real Estate Department.”
“Partnering side by side with Lincoln's CAS group on facilities management and engineering services, we've seen the team's extensive insurance industry expertise and integrated approach firsthand," said Kevin Frankenberger, Head of Real Estate and Facilities, TIH. “As TIH looks to the future, we are pleased to expand our relationship with Lincoln in alignment with our go-forward strategy.”
The partnership follows the sale of TIH, formerly the insurance subsidiary of Truist Financial Corporation (NYSE: TFC), to an investor group led by private equity firms Stone Point Capital and CD&R in May 2024.
About Lincoln Property Company
Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in
About TIH
TIH Insurance Holdings, LLC, headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241113701889/en/
Elise Maguire Ferrara
Lincoln Property Company
emaguire@lpc.com
908.216.6785
Unboxed Communications
Lincoln@unboxedcommunications.com
Source: Lincoln Property Company
FAQ
When will Lincoln Property Company begin managing TIH's full real estate portfolio?
How many TIH locations does Lincoln Property Company currently service?
When was TIH sold from Truist Financial (TFC)?
