Lincoln Property Company has recently advanced from the 4th to the 3rd spot on the NMHC 50 Largest Apartment Managers Rankings for 2012 with over 140,000 apartment units currently under management. The improvement was largely due to their success in third party fee management.

“We had significant growth in our third party fee management business in 2011 allowing us to climb from 4th to 3rd position” says Jennifer Staciokas, Vice President of Marketing and Training of Lincoln Property Company. In 2009 the company was ranked sixth on the rankings list and has consistently improved one spot every year. Aside from the NMHC rankings, LPC has also received many other awards and honors for quality property management.

Founded in Dallas Texas, in 1965 for the purpose of building and operating quality residential communities, Lincoln Property Company has since expanded into other major areas of the United States. With their most notable presence in the Southwest and Southeast regions, Lincoln Property Company is working to strengthen their management portfolio in Southern California and the Midwest and Mid-Atlantic regions of the country. High-rise, mid-rise, garden-style, new construction and stabilized assets have all been added to LPC’s substantial property listing throughout the year with continued growth in the forecast.

Some of Lincoln’s newest additions to the management portfolio are Union at Carrollton Square, a new construction mixed-use development in Carrollton, Texas, Dunton Tower Apartments, a high-rise apartment building in Arlington Heights, Illinois, The Avery Townhome Apartments, an all-townhome upscale development in Willingboro, New Jersey and in Southern California, a new construction project consisting of 180 units located in Los Angeles, The Avenue Hollywood.

The upturn in the real estate sector has also revived the development pipeline for LPC; new projects in the Northeast, Southeast and Southwest regions are currently in the planning stages. These new projects are anticipated to considerably grow LPC’s national management portfolio.

Aside from providing affordable apartments nationwide, LPC also manages commercial, build-to-suit, office, hotel, industrial and other mixed-use assets. In addition, over 70% of Lincoln’s apartment management portfolio is comprised of fee management accounts for third party investors.

The Avenue Hollywood, in conjunction with The Resmark Companies, Lincoln Property Company and The Hollywood Chamber of Commerce, hosted its Grand Opening and Ribbon Cutting Ceremony this month, officially marking The Avenue as part of the Hollywood community.

The Avenue Hollywood has been leasing for several months now, but the official induction took place on Thursday, April 12. The Ribbon Cutting Ceremony was held in front of the leasing office, immediately followed by the Grand Opening Celebration located inside the property’s swank pool area and throughout designated party areas of the community.

The “Classic LA”-themed party featured photo displays presented by LA Magazine in three different apartment units showcasing Los Angeles’ past, present and future. Attendees of the party enjoyed catered fare from Lotteria Grille, eclectic tunes from KCRW and signature tequila cocktails.

Click HERE to view all of the photos from this hip Hollywood event!

The Avenue Hollywood includes 180 apartments featuring one-, two- and three-bedroom home options, washer and dryer appliances and balconies in every apartment, pool, fitness center, dog run, and concierge service. The building will also include groundfloor retail.