Lincoln Property Co. has named a new executive to lead its U.S. property management business in a move the real estate firm said will better connect regional teams and resources as it grows its national services portfolio.
Lincoln, based in Dallas, recently hired 15-year industry veteran Mike Mrozek as an executive managing director and chief operating officer of property management. Mrozek previously worked at CBRE where he served as an executive for the Americas division.
"I'll be an architect of sorts putting the pieces together, but all of these regional leaders are absolutely incredible, and we don't want to dilute that structure," Mrozek said in an interview. "We want to find a way to enhance how the regions work together and build a better Lincoln."
Lincoln's new addition to its executive team comes a year after the company received a major investment from private equity firm Stone Point Capital to expand its business nationally and globally.
In the past year, Lincoln has been evolving with the addition of a longtime acquisitions executive, a new chief investment officer and completion of several acquisitions to bolster its U.S. business. The inclusion of Mrozek as executive managing director and chief operating officer of property management adds to the momentum, the company said.
About a month ago, after joining Lincoln, Mrozek began what he called a national roadshow of the firm's offices to meet members of the property management team. The team has about 2,000 employees who oversee more than 557 million square feet of office, industrial and retail space in 35 U.S. markets. He said he expects to complete this roadshow by the end of next month.
Create Further Momentum
The seasoned commercial real estate executive is meeting with his team to discuss ideas and see what they are doing before devising a plan to tackle new ways of bringing people together across regions, Mrozek told CoStar News.
Based in Lincoln's new Dallas headquarters, Mrozek hasn't been given a deadline to develop a detailed plan to elevate Lincoln's property management platform but said he hopes to jump on some of the opportunities he's seeing by the end of the year.
Adding an executive of Mrozek's caliber and experience will create further momentum for Lincoln's property management business, particularly in the third-party management space, Co-CEO David Binswanger said.
Prior to joining Lincoln, Mrozek served as CBRE's chief operating officer for its property management business in the Americas. In that position, he oversaw 1 billion square feet of managed properties and more than 4,800 employees across the United States, Latin America and Canada. Before that, he led property management for the CBRE's Mid-Atlantic region.
Lincoln reached out to the seasoned executive in March to discuss the job, Mrozek said. He wasn't looking for a new role outside of CBRE, but the opportunity to take on a leadership position in a firm such as Lincoln's was intriguing, he said.
"Everything I've heard about then and now makes me believe Lincoln is positioned to have incredible success," he said.
The 65-year-old company is prepared to go to the "next level" of growth with the help of Stone Point's investment in growing the firm's national business, Mrozek said. He also saw the appeal of "doing something really uncomfortable" to tackle the bigger challenge of helping to build a new kind of real estate services firm, he said.