News Desk, Timberland

Weyerhaeuser to Acquire 645,000 Acres

Weyerhaeuser announced on June 16 that it was purchasing Longview Timber from affiliates of Brookfield Asset Management for $2.65 billion, including debt. Longview Timber’s assets include 645,000 acres of high-quality timberlands in Washington and Oregon. The transaction will increase the REIT’s timberlands in the Pacific Northwest by 33 percent to approximately 2.6 million acres. Overall, Weyerhaeuser will increase the total US timberlands it owns or controls to approximately 6.6 million acres. The transaction is expected to close in July 2013.

RELATED ARTICLES

Farmland

Farmland Partners Closes $197 Million Illinois Transaction

The publicly traded real estate investment trust (NYSE: …

News Desk

Vail Resorts to Buy Whistler Blackcomb

Canadian government approves $1B acquisition. The world’s biggest …

Print & Gift
Subscriptions Available
Please sign me up to receive breaking news and updates from The Land Report:
Copyright © Land Report LLC. All rights reserved.

Contact to Listing Owner

Captcha Code