Lincoln Property Company Acquires 52,410-Square-Foot Outpatient Medical Building Near San Antonio

DALLAS - October 27, 2026 - Lincoln Property Company ("Lincoln"), a global, full-service real estate firm, today announced the acquisition of SOBO Medical Building, a 52,410-square-foot outpatient medical building and surgery center located at 112 Herff Road in Boerne, Texas, approximately 30 miles northwest of San Antonio. The acquisition, completed in partnership with PGIM, expands Lincoln's healthcare real estate presence in Texas and supports its strategy of investing in high-quality properties in growing markets.

Built in 2019, the three-story, Class A property is approximately 93% leased to a complimentary mix of healthcare specialists offering primary care, ambulatory surgery, orthopedics, pain management, physical therapy, mammography, gastroenterology, diagnostic imaging and clinical research.

"The acquisition of this modern, Class A outpatient medical building, housing a phenomenal group of primary care and speciality practices is a strong addition to our growing Texas portfolio with PGIM. Boerne's favorable demographics and rapid population growth continue to drive demand for convenient, high-quality outpatient care, and SOBO Medical Building is well-positioned to meet that need," said Alastair Barnes, Vice President, Healthcare Investments at Lincoln Property Company.

Located near Interstate 10, the property provides convenient access for patients throughout the greater San Antonio area. Boerne is one of the region's fastest-growing communities, with population growth and increasing demand for accessible healthcare services supporting the area's long-term outlook.

CBRE represented the seller in the transaction and arranged acquisition financing on behalf of Lincoln.
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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 PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with $1.4 trillion in assets under management.¹ PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions - including fixed income, equities, real estate and alternatives. With 1,500+ investment professionals across 40 offices in 20 countries, we serve retail and institutional clients worldwide. For more information visit pgim.com.

PGIM's real estate business is the world's third-largest real estate investment manager, with $213 billion in gross assets under management and administration,² and real estate professionals located in 30+ cities worldwide. Through our full suite of real estate equity and debt solutions, we aim to achieve exceptional outcomes on behalf of investors and borrowers. Our uncompromising commitment to building lasting relationships with our clients is founded on trust, transparency, and mutual respect.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

¹ As of Mar. 31, 2026.
² As of Mar. 31, 2026, AUM reflected as gross. Net AUM is $189 billion and AUA is $50 billion. PGIM Real Estate is the second-largest real estate investment manager (out of 63 firms surveyed) in terms of global real estate assets under management based on Pensions & Investments' "The Largest Real Estate Investment Managers" list published November 2025. This ranking represents AUM as of June 30, 2025. Participation in the ranking is voluntary and no compensation is required to participate in the ranking.