Goldman Sachs Acquires Real Estate Firm LCN Capital Partners for $410 Million
Goldman Sachs has agreed to acquire real estate investment manager LCN Capital Partners in a deal valued at up to $410 million. The acquisition includes an upfront payment of approximately $260 million, with the remaining amount contingent on long-term performance and service targets. As of June 30, 2026, LCN managed around $3 billion in assets across North America and Europe through sale-leaseback, build-to-suit, and triple net lease transactions. Goldman Sachs CEO David M. Solomon highlighted that the acquisition complements its private real estate team's expertise and expands services for insurance, institutional, and wealth clients. LCN’s co-founders Edward V. LaPuma and Bryan York Colwell will join Goldman Sachs Asset Management after closing. The deal is expected to finalize by year-end 2026, pending regulatory approvals. This acquisition follows another recent move where Goldman agreed to buy NEOS Investments for up to $2.25 billion in cash and equity.
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