Lincoln Property Co. has purchased Charlotte-based developer The Spectrum Cos. in a deal that Lincoln says will help it grow its footprint across the Carolinas.

Dallas-based Lincoln will combine its Carolinas platform with Spectrum and will also include Spectrum’s northern and central Florida multifamily business, Lincoln said in a Tuesday press release. The companies say the move will help boost the combined firm’s development and acquisition pipeline.

The companies’ portfolios will merge well because of Spectrum’s strong focus on multifamily development, executives from both firms told the Charlotte Business Journal, which first reported the news. Spectrum has developed almost 7,000 multifamily units since its founding, according to the release.

The sum of the sale was not disclosed.

“Lincoln has been focused on growing and investing in the Carolinas for many years, and Spectrum presented a unique opportunity to accelerate that strategy,” Johno Harris, senior executive vice president at Lincoln, told Bisnow.

He added that Spectrum’s “exceptional team” complements Lincoln’s existing platform well.

“As we looked at the next phase of growth in the region, it became clear that bringing our organizations together would create a stronger business, expand our capabilities and position us to better serve clients and pursue new opportunities across the Carolinas,” he said.

A spokesperson for Spectrum didn’t comment in time for publication.

Spectrum’s 43 employees will move from a 5K SF office into Lincoln’s two-floor, 200K SF headquarters at Piedmont Town Center in SouthPark, which already employs 260 people, CBJ reported. No job cuts are expected.

Executives told CBJ that Spectrum’s name will soon change to Lincoln.

Lincoln’s global portfolio spans 720M SF, according to the company’s website. It manages 27M SF in the Carolinas. The developer’s Charlotte-based work includes the 3M SF Legacy Union office tower complex.

Spectrum’s 4.4M SF portfolio will now become “a significant expansion of Lincoln’s regional footprint,” according to the press release. The company’s local assets previously included Vantage South End, a 635K SF mixed-use development that it sold to Cousins Properties in 2024.

Charlotte ranks among “the most attractive markets for investors” in the country, according to CBRE’s 2026 North America Investor Intentions Survey. Charlotte’s multifamily market is “maintaining stronger demand fundamentals than most peer markets,” a first-quarter Matthews report said, with a 6.2 percent vacancy rate a signal that demand has absorbed new supply.

Dallas-based Lincoln Property Co. is diving deeper into the brokerage business. 

Courtesy of AGpicture

Lincoln Property Group’s Executive Managing Director of National Brokerage Tyler Courtney.

The firm, known for development and property management, hired Tyler Courtney to to bulk up its leasing services. Courtney until recently led Cushman & Wakefield’s Atlanta office and will now be Lincoln’s executive managing director of national brokerage, a newly created role. 

“Lincoln already has a significant portfolio of assets that we lease throughout the country and our goal is to grow our third-party portfolio,” Lincoln co-CEO David Binswanger said in a statement. “Tyler will help strengthen Lincoln’s national brokerage platform and support the growth of our local leasing teams in markets that are aiming to expand and scale their service offerings.”

Courtney started the job Monday and will work out of Lincoln’s Atlanta office, CoStar reported. He told the publication that he planned to spend the next few weeks traveling to Lincoln’s major markets — Dallas; Washington, D.C.; Boston; Chicago and Charlotte, North Carolina — to meet with local executive leadership and begin recruiting brokers to the business. 

Courtney had been with Cushman & Wakefield since 2009. He began with a focus on tenant representation and climbed the corporate ladder to become the firm’s managing principal for Atlanta.

In that role, Courtney oversaw more than 500 staff and was responsible for Cushman & Wakefield’s strategic direction and business development in Atlanta. Courtney told CoStar that leaving the brokerage was the hardest decision of his career. 

“I was drawn to Lincoln because of the firm’s entrepreneurial spirit, which allows our teams to be nimble and respond efficiently to the current market conditions,” he said in a statement. 

Lincoln’s management and leasing portfolio spans 562M SF across the U.S., United Kingdom and Europe. The firm has built more than 164M SF of commercial space since its inception in 1965 and has another $19.5B in its active development pipeline. 

Courtney is especially interested in expanding Lincoln’s agency leasing services in the industrial sector, where the glut of pandemic-era construction has shifted the market more in tenants’ favor, he told CoStar. Lincoln could also explore building its presence in the office, healthcare, medical office, retail and data center sectors, Courtney said. 

Lincoln’s decision to expand its dedicated brokerage business comes as real estate services providers expect both the leasing and sales markets to accelerate through the back half of this year and into 2026. 

Top executives at brokerages are predicting that anemic activity over the last two years and the billions in capital sitting on the sidelines will translate into more activity. But those predictions largely came before President Donald Trump kicked off a bruising trade war, and it remains to be seen how corporate leaders will react to the newly injected economic uncertainty.

“We’re all experiencing this major whiplash,” Julie Workman, real estate attorney and partner at Chicago-based law firm Saul Ewing, told Bisnow in early March. “What’s true today might not be true tomorrow, and it might not even be true tonight.”

CORRECTION, APRIL 14, 3 P.M. ET: Lincoln Property Co. hired Tyler Courtney to expand its existing leasing business.