Cadillac Fairview acquires 95% stake in Lincoln Property's residential business

The Toronto-based mall operator owned by the Ontario Teachers' Pension Plan did not say how much it paid for the stake in the Dallas-based real estate investment and development company.

The Toronto-based mall operator owned by the Ontario Teachers' Pension Plan did not say how much it paid for the stake in the Dallas-based real estate investment and development company.

However, Cadillac Fairview says the deal is part of a "carefully planned transition" plotted years ago.

The transition began in 2019, when Cadillac Fairview acquired a 49 per cent interest in Lincoln Property Company.