November 2010

Laird Norton Company Invests $50 Million in Wholly-Owned Subsidiary TimberRiver Properties

TimberRiver Properties is a private real estate investment trust focused on the ownership and management of commercial and industrial properties located primarily west of the Mississippi. Originating from the real estate owned and developed by the Lanoga Corporation, a former LNC subsidiary, TimberRiver manages assets include distribution centers, lumberyards, light manufacturing facilities, and office buildings, a majority of which are operating under long-term, triple-net leases.

The board of TimberRiver Properties voted to invest $50 million in commercial properties. A commitment of $33 million was been made to Unico Properties, to be co-invested in office, mixed-use, and multi-family real estate located in Seattle, Portland, and Denver.

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