Laird Norton Properties (LNP) is a Seattle-based real estate investment firm that owns and operates a national portfolio. It is a wholly owned subsidiary of Laird Norton Company (LNC), a 160-year-old, seventh-generation family enterprise with significant investments in consumer and financial companies. Backed by an experienced team of real estate professionals, Laird Norton Properties provides the flexible capital, thoughtful structures, and diligent management required to successfully execute on strategies across the yield-spectrum.
Laird Norton Properties recently announced their merger with Heartland LLC, creating a fully integrated real estate enterprise. Heartland’s Jim Reinhardsen has been named President of Laird Norton Properties, where he will oversee the investment, development, and strategy for the company. Jim will continue to serve as Heartland’s Senior Managing Director and Chairman of the Heartland Board of Directors. Through the merger, Heartland will provide real estate advisory, asset management and capital alignment services for LNP’s office and multi-family portfolios, joint venture projects, and future real estate assets.
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 $500 million 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.
Earlier this year we merged with 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 $500 million 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 merged with 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.
Building on an initial legacy portfolio of industrial and commercial assets, LNP has increased the portfolio’s value through targeted acquisitions, active asset management and select partnerships with leading real estate operators and developers. LNP’s current portfolio is a diverse national assemblage of industrial, retail, office and multi-family properties valued at more than $700 million.
Real Estate Assets