Plum Creek Timber Company
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The Plum Creek Timber Company, Inc. is a Real Estate Investment Trust (REIT) which specializes in investing in timber. Based in Seattle, Plum Creek has strategically purchased lands which show a potential to be spun off for real estate development.
Plum Creek Timber Company, Inc. merited mention in The Economist for sale of one forests adjacent to Roslyn, Washington. The forests once owned and managed by Plum Creek have been sold to two development companies, which are in the process of developing an extensive golf course community with houses and condominiums on the boundary of Roslyn; the new community is called Suncadia. This bellwether change is expected to effect many small communities similar to Roslyn over the next decades as development property and areas with strong character become more desirable.[1]
[edit] References and notes
- ^ The Economist, Volume 379, Number 8481, pages 30-31, June 10, 2006,
