Senior Associate, Real Estate Portfolio

Manager, Employee and Administrative Services at Laird Norton Company LLC

OPPORTUNITY OVERVIEW

Are you passionate about creating value through real estate investing? Do you thrive in collaborative, innovative environments where your ideas have real impact? As Senior Associate, you’ll play a pivotal role in managing and growing a diverse portfolio, working alongside industry leaders in a company that values stewardship, excellence, and personal growth.

ABOUT LAIRD NORTON + AFFILIATES

Laird Norton Company(“LNC”)is a Seattle-based diversified enterprise that invests in private companies and real estate to perpetuate the success of our owners, the Laird Norton Family, and to create shared value for our employees, partners, and broader communities. We are intentional and patient long-term investors, deriving strong returns from strategic, well-managed assets. We actively seek to acquire real estate and profitable, capital efficient businesses.

LNC’s current real estate portfolio includes: (1) commercial office (some direct-owned and others in joint ventures) in Seattle/Puget Sound, Boise, Salt Lake City, Denver and Portland; (2) multifamily, including 1 student housing asset (some direct-owned and others in joint ventures) in the Puget Sound; (3) Minority LP positions in single-asset JVs and funds; (4) ~110 NNN-leased light-industrial/retail properties across the western US.

Heartland LLC is a LNC majority-owned real estate advisory and investment firm, that provides asset management services for the office and multifamily assets in the LNC real estate portfolio.

POSITION DESCRIPTION

The Senior Associate plays a critical role in supporting the Laird Norton Properties (LNP) President in managing and growing LNC’s real estate investments in a manner keeping with LNC long-range objectives, risk profile, return targets and tax efficiency. The Senior Associate will support the LNP President analytically, operationally and strategically. They will collaborate and partner with the broader LNP and LNC team and the Heartland Asset Management Team.

They will have particular focus on the existing commercial real estate, minority investment portfolio and new investments. The Senior Associate will be responsible for the following and other responsibilities may be assigned:

Strategy Implementation, Financial Analysis, Performance Reporting

• Assist President in implementation of the Strategic Plan. We are in a multi-year effort to reduce complexity, direct costs and capital expenditure by reducing our exposure to office and control positions in multifamily. In parallel, we are expanding the portfolio to include new minority LP investments in single-asset JVs, diversified funds, private REITs and diversifying our NNN portfolio.
• Collaborate with LNC CFO and FP&A team on forecasting, reporting and inputs and assumptions into broader LNC Enterprise models, including semi-annual, annual and 10-year forecasts.
• Lead the annual third-party appraisal process, update internal valuations, regularly conduct hold/sell analyses.
• Own and continue to improve dashboard and reporting tools for LNC Senior Leadership.
• Assist in the preparation and coordination of materials and reporting to the LNC Board.

New Investment, Transactions, Capitalization, Partnerships

• Existing Portfolio Transaction Work:
  Lead analysis and underwriting of all dispositions, refinances and partnerships within the existing portfolio. Coordinate and lead internal and external teams to execute.
• New investment:
  Source, underwrite and take new investment opportunities that align with the Strategic Plan through the internal approvals process.

Owner Representative for Asset Management (AM)

Provide an owner’s lens and portfolio mindset to collaborate with Heartland asset management (AM) to drive positive business results in the existing portfolio through:

• Providing owner perspective, negotiation support and oversight on key agreements, including but not limited to major leases, loan agreements, and property management agreements.
• Reviewing and synthesizing content and providing improvement ideas with an Owner’s perspective on regular reporting tools and processes such as:

Annual:
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