Lincoln-PGIM partnership enters local market; eyes growth in high-demand sector

Mesa, AZ (September 10, 2026) — Lincoln Property Company (“Lincoln”), a global, full-service real estate firm with over $31 billion of assets under management, and PGIM, the global investment management business of Prudential Financial Inc., today announced the acquisition of Surgery Center of Gilbert, located in metro Phoenix’s East Valley submarket.

The purchase represents Lincoln and PGIM’s first acquisition together in metro Phoenix, with an eye toward securing more healthcare real estate in a market that is high priority for the partners.

Totaling 13,957 square feet, Surgery Center of Gilbert is a purpose-built, single-tenant ambulatory surgery center occupied and operated by a partnership of Banner Health, Atlas and physician surgical partners. The property is secured by a long-term lease to Banner and its surgical partners.

Banner Health is one of the largest non-profit health systems in the U.S., including a network of over 20 ambulatory surgery centers across greater Phoenix.

A best-in-class outpatient surgical facility, Surgery Center of Gilbert includes five operating rooms, six pre-op rooms and multiple post-anesthesia care unit rooms supporting phase 1 and phase 2 care. Collectively, the facility supports 21 medical practitioners working across eight specialties, including general surgery, ophthalmology, plastic surgery, podiatry, ENT, orthopedics and urology.

“Phoenix is one of the most competitive and sought-after medical real estate markets in the country, drawing sustained interest from well-capitalized investors and health systems alike,” said Lincoln Executive Vice President John Orsak. “We are enthusiastic about Lincoln’s expanding investment activity in this sector, and we look forward to growing our investment footprint across the region. We have high conviction in Phoenix’s fundamentals and the power of Arizona’s population growth to power durable demand for specialized outpatient care.”

“We continue to see compelling opportunities in medical outpatient real estate, supported by the long-term shift of care into lower-cost, more accessible settings and the need for high-quality facilities in growth markets,” said Soultana Reigle, Head of U.S. Equity for PGIM’s Real Estate investment group. “This acquisition reflects our strategy of investing in healthcare assets with strong local demand drivers, durable tenancy and the potential to deliver resilient income through market cycles.”

Surgery Center of Gilbert is located on 1.77 acres at 6003 E. Baseline Rd., in Mesa, Arizona. The dense retail and healthcare corridor boasts a daytime population of almost 280,000, and over 124,000 households and 7,500 businesses within a five-mile radius, including the nearby Banner Gateway Medical Center and Banner MD Anderson Cancer Center.

The property is easily accessed by the US 60 and Loop 202 freeways, offering quick connection to the entire metro market.

PGIM’s Real Estate investment group is one of the world’s largest real estate investment managers, with $217 billion in gross assets under management and administration¹, and real estate professionals located in more than 30 cities worldwide. Through its full suite of real estate equity and debt solutions, PGIM aims to achieve exceptional outcomes on behalf of investors and borrowers. PGIM’s uncompromising commitment to building lasting relationships with clients is founded on trust, transparency, and mutual respect.

PIMA COUNTY, (Sept. 10, 2026) — The Pima County Board of Supervisors approved an $8.7 million investment at its Sept. 8 meeting to expand the supply of affordable housing and help residents remain safely housed.

The Fiscal Year 2027 allocation from the County’s Regional Affordable Housing Fund includes $5 million to develop and preserve affordable housing and $3.7 million for programs that help people remain in their homes, including home repair, weatherization, rental and utility assistance, and rapid rehousing.

The allocation continues Pima County’s investment in two complementary approaches to addressing housing insecurity:

• Build More, which supports the development and preservation of affordable housing
• Keep People Housed, which provides assistance aimed at preventing residents from losing their housing

The Board’s action follows a unanimous recommendation from the Pima County Regional Affordable Housing Commission, which reviewed the performance of both funding categories at its Aug. 21 meeting.

Through FY26, Pima County invested about $24.5 million through the two categories. Those investments helped add 618 affordable housing units to the community’s inventory, including 23 bridge and transitional housing units for people experiencing homelessness. Another 1,239 units are in planning or development, while programs funded through Keep People Housed have helped 910 households remain safely and stably housed.

With the FY27 allocation, the County’s total investment through the Regional Affordable Housing Fund will surpass $33 million. The new funding comes in the first year of Pima County’s Regional Housing Strategy & Funding Plan, a 10-year blueprint that calls for a $250 million County investment in housing solutions and anticipates leveraging additional state and federal resources.

“Pima County’s investments are producing tangible results — more affordable homes are available, more are on the way, and hundreds of households have received help to remain safely housed,” said Dan Sullivan, the director of the

, which staffs the Regional Affordable Housing Commission and administers housing and job assistance programs.

“This $8.7 million investment recognizes that we have to do both if we want to make meaningful progress on housing affordability in Pima County.”

Pima County is accepting applications through Sept. 30 for FY27 gap-funded projects for affordable housing development and preservation.

The County’s affordable housing investments support the goals of the Prosperity Initiative, including improving housing stability among low-income renters and homeowners, preventing evictions and foreclosures, increasing the supply of affordable housing and reducing home energy and weatherization costs.

The Board’s action also aligns with the One Pima Initiative, which calls for coordinated efforts to stabilize housing and prevent homelessness. One of One Pima’s first-year accomplishments is the development of a shelter dashboard that gives caseworkers, family members and friends real-time information about shelter bed availability for people in need.

GOODYEAR, Ariz. (Sept. 10, 2026) – Ballet Arizona’s annual Ballet Under the Stars performance returns to the West Valley’s picturesque Estrella Lakeside Amphitheater, 10300 Estrella Parkway, on Friday, Sept. 25.

The performance begins at 7 p.m. and is free of charge to the public, with free parking clearly marked nearby. Guests may bring chairs, blankets and picnics as they experience the beauty of dance. Ballet Arizona and Estrella invite all to delight in a spectacular evening showcasing excerpts from a range of ballets, offering a vibrant portrayal of the art form’s diversity.

Ballet Under the Stars, presented by the Diane and Bruce Halle Foundation, is the perfect show for the entire family and a great way to introduce ballet to young people for the first time. This year’s event will feature excerpts from both classical and contemporary ballets.

Audiences will get to experience excerpts from Concerto Six Twenty-Two, choreography by Lar Lubovitch; parts of Romeo & Juliet, Act 2, choreography by Ib Andersen; and excerpts from Don Quixote, Act 3, choreography by Marius Petipa, adaptation and additional choreography by Ballet Arizona Artistic Director Daniela Cardim.

Ballet Under the Stars also showcases performances by local school students through the Class Act program, provided to students tuition-free. Each year, Ballet Arizona’s professional dancers and teaching artists provide a three-week dance training class for students in four different elementary schools across the Valley. Students from Westar Elementary School in Estrella will perform this year.

“Ballet Under the Stars is a long-standing tradition and a special way we begin our season at Ballet Arizona,” Cardim said. “It’s an opportunity for people of all ages to experience live ballet in a relaxed, welcoming outdoor setting. There’s something extraordinary about seeing this art form under the stars, surrounded by your community. We’re proud to continue this tradition and invite audiences across the Valley to join us for these free performances.”

The day begins with a New Home Tour at Estrella from 10 a.m. to 5 p.m., giving visitors the opportunity to discover the community’s diverse collection of homes and neighborhoods. The tour will feature more than 35 homes, including model homes and Quick Move-In opportunities from some of the nation’s most respected homebuilders.

Starting at Estrella’s Welcome Center, 8175 Hillside Drive in Goodyear, guests can pick up a tour map to view homes and neighborhoods of interest, as well as explore the community’s signature amenities, scenic mountain views, and vibrant outdoor spaces.

To learn more information about this year’s Ballet Under the Stars performances, please visit balletaz.org.