Login

REIT Sells 72,000 Acres of Minnesota Forest Land

Firm Strikes Deal With Conservationist Group
PotlatchDeltic Corp. is selling 72,000 acres of its land in Minnesota, much of it in the state's portion of the Northwoods, a vast boreal forest that stretches from Main to Montana. Credit: Getty/iStock Photos
PotlatchDeltic Corp. is selling 72,000 acres of its land in Minnesota, much of it in the state's portion of the Northwoods, a vast boreal forest that stretches from Main to Montana. Credit: Getty/iStock Photos
By Clare Kennedy
CoStar News
July 1, 2020 | 12:35 AM

A publicly traded real estate investment trust that owns large swaths of forest in north and central Minnesota has hammered out a deal to sell 72,000 acres to an environmental non-profit, which agreed to pay $48 million in cash for the package of properties.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE