Mixed-useIntercompany break $10k

Pier 70

LNP — Pier 70 JV LP · Seattle Waterfront, WA

Book value$74.0M

NOI$3.4Mtrailing twelve months

Cap rate5.2%

Occupancy78%

Asset class

Mixed-use

Market

Seattle Waterfront, WA

Ownership

55%

Source system

Yardi

Acquired

2021

Rentable area

210,000 sqft

JV partner

Emerald Point Partners (45%)

About

Waterfront mixed-use joint venture (55% LN / 45% Emerald Point). Lease-up ongoing; the management-fee elimination is under co-sign this quarter.

book value ($M)

In the close

Q2 2026 · consolidation

StatusEliminations

FlagIntercompany break $10k

Owning entityLNP

SourceYardi

NI this quarter$620,000