Laird Norton Properties (LNP) is a Seattle-based real estate investment firm that owns and operates a national portfolio. As a division of the Laird Norton Company (LNC), the values of the company and its family owners inform LNP’s approach to business. As a result, we strive to create shared value with our unitholders, employees, partners, and communities. In 2019, Laird Norton Company acquired majority ownership in Heartland LLC, a real estate consulting company. Together, Laird Norton Properties and Heartland create a unique, multi-disciplinary real estate platform.
PARTNERSHIPSLNP has a strong track record of developing programmatic long-term relationships that provide our partners with access to a flexible source of capital. LNP invests its own capital, providing flexibility in our investment and joint-venture structures, and allowing us to move fluidly through investment cycles. LNP entered our first joint venture in 2010, with Unico Properties, focusing on Class-A office and multifamily property investments located in Seattle, Portland, Denver, and Salt Lake City.
In 2017, we entered the development space with the formation of a programmatic joint venture with Seattle-based Spectrum Development Solutions. The platform targets opportunities throughout the Puget Sound region to develop student housing and workforce multifamily assets affordable to renters earning 60% to 120% of area median income.
In 2019 we acquired majority ownership of Heartland LLC, creating a fully integrated real estate enterprise and expanding our breadth of capabilities and potential to continue expanding our portfolio.
What began in 1855 as a frontier logging operation in the Minnesota wilderness has evolved into one of the longest-standing family enterprises in the United States. Today, the Laird Norton name represents a company with diverse interests and more than 400 family shareholders. One of Laird Norton Company’s most successful investments was in Lanoga Corporation, the nation’s third-largest professional building materials dealer at the time. After 40 years of management, Laird Norton Company sold Lanoga Corporation in 2006, but retained the real estate assets, creating a national portfolio of 262 fully leased light-industrial, retail, and commercial properties in 23 states, owned and managed by the newly formed Laird Norton Properties.
In 2010, Laird Norton Properties began an initiative to strategically diversify its real estate portfolio through the acquisition of Class-A office and multifamily property investments of more than $300 million in twelve assets located in Seattle, Portland, Denver and Salt Lake City.
In 2017, Laird Norton Properties formed a programmatic joint venture with Seattle-based Spectrum Development Solutions to target student housing and workforce housing opportunities throughout the Puget Sound.
In January of 2019, Laird Norton Properties acquired majority ownership of Heartland LLC to create a fully integrated real estate enterprise, allowing the company to be flexible with markets and market cycles.
Today, Laird Norton Properties is the Laird Norton Company’s largest investment, with holdings of more than $700 million distributed throughout the Midwest and the Western United States.