Lincoln Property Company, one of the country’s largest privately held commercial real estate firms, announced today that Al Troup has joined the firm’s Washington, D.C. office as a Senior Vice President.
Mr. Troup will lead the effort in identifying commercial acquisition, development and redevelopment opportunities for the Company and its joint venture partners in the Mid-Atlantic region of the United States. Mr. Troup will also be responsible for sourcing and managing the Company’s financial partner relationships.
With over 20 years in the real estate industry, Mr. Troup has transactional experience that includes office, residential, industrial, and hotel product with market specific experience in Washington, D.C., New York City, Boston, Atlanta, Chicago and Dallas.
“We are pleased to have a professional of Al Troup’s caliber join us,” said Paul Price, Executive Vice President of Lincoln Property Company in Washington, D.C.
Prior to joining Lincoln Property, Mr. Troup headed the Washington, D.C. office of L&L Holding Company, a New York City-based real estate firm which owns, manages and leases over 6 million feet of office space, where his primary focus was identifying acquisition opportunities.
Mr. Troup was with The Carlyle Group, a private equity firm based in Washington, D.C., from 1996 to 2003 where he focused on U.S. real estate investment opportunities. Mr. Troup was responsible for the acquisition, development, oversight and disposition of certain Carlyle investments within Carlyle Realty Funds I, II and III that totaled in excess of $1 billion. In 2003, Mr. Troup co-founded a real estate acquisition and management platform, acquiring and repositioning distressed assets nationwide that at its peak included 14 assets and over 1,000 employees.
Prior to joining Carlyle, Mr. Troup was with Chase Manhattan Bank in New York where he facilitated the sale of the Bank’s distressed real estate debt and REO through bulk and single asset sale transactions. He also assisted in the creation of the Bank’s first commercial real estate securitization unit.
Mr. Troup has a BBA in Finance from Texas A&M University and an MBA from The University of Texas Graduate School of Business.