Lincoln Property Company and DRA Advisors Acquire 299,000-Square-Foot Industrial Portfolio in Portland, Oregon

Portland, OR - October 16, 2026 - Lincoln Property Company ("Lincoln"), a global, full-service real estate firm, and DRA Advisors ("DRA"), a value-add real estate investment manager, announced the acquisition of a fully leased, five-building industrial portfolio totaling approximately 299,000 square feet across two established industrial parks in Portland, Oregon. JLL marketed the offering on behalf of the seller.

The portfolio includes Kittridge Distribution Center, a three-building,103,000-square-foot park at 4931-5043 NW Front Ave., and Columbia Corporate Park, a two-building, 196,000-square-foot park at 4630-4740 NE 166th Ave. The portfolio is 100% leased to eight tenants.

"This acquisition represents an opportunity to expand our industrial presence in Portland with a portfolio of well-positioned assets in established infill locations alongside a valued investment partner in DRA," said Travis Drilling, Executive Vice President at Lincoln. "With strong occupancy, a diverse tenant mix and access to key transportation corridors, these properties align well with our investment strategy."

Both properties are strategically positioned within established Portland industrial submarkets, offering convenient access to the region's major transportation corridors. Kittridge Distribution Center is located in Northwest Portland's industrial corridor, with access to US-30, I-405, and I-5, and is adjacent to BNSF rail lines. Columbia Corporate Park is located in East Portland, with connectivity to I-84 and I-205 via NE Airport Way. Both properties also benefit from access to Portland International Airport (PDX), supporting regional distribution and logistics operations throughout the greater Portland metropolitan area.

About Lincoln Property Company

Lincoln Property Company ("Lincoln") is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, higher education, sports and entertainment, and mixed-use properties, throughout the United States, the United Kingdom and Europe. Lincoln's combined management and leasing portfolio on behalf of institutional clients includes more than 720 million square feet of commercial space. For more information, visit: www.lpc.com.

About DRA Advisors

DRA Advisors LLC is a New York-based registered investment advisor with approximately 100 employees that specializes in real estate investment management services for institutional and private investors including pension funds, university endowments, sovereign wealth funds, foundations, and insurance companies. Since DRA's inception in 1986, the firm has opened additional offices in Miami and San Francisco and has acquired approximately $45 billion of real estate. Its acquisitions include over 107 million square feet of industrial, 88,900 multifamily units, 97 million square feet of retail, and 66 million square feet of office. As of June 30, 2026, DRA had $13.8 billion in gross assets under management.

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