All of us at PotlatchDeltic wish you and yours a Happy 4th of July!
Please visit with us online or try us again on Monday, July 6th. Thank you!
SPOKANE, Wash. –(BUSINESS WIRE, 6/21/20)– PotlatchDeltic Corporation (NASDAQ: PCH) today announced an agreement to sell approximately 72,000 acres in Minnesota to The Conservation Fund for approximately $48 million in cash. The transaction is subject to customary closing conditions and is expected to close in the second half of 2020.
This press release features multimedia. View the full release here: Business Wire
“This transaction represents a significant milestone in our long-term strategy to maximize shareholder value through rural real estate sales,” said Mike Covey , chairman and chief executive officer of PotlatchDeltic . “Proceeds from this transaction will further enhance our already strong liquidity position and flexibility. Our Minnesota ownership was approximately 330,000 acres when we began our rural land sale program over a dozen years ago. The timberlands that we currently own in Minnesota are heavily weighted to more remote areas, ideal for conservation and working forest protection. Nearly all of our ownership in the state is now under contract with a series of closings scheduled to occur through 2022.”
“The Minnesota’s Heritage Forest acquisition will be one of the largest land conservation efforts in Minnesota in recent history. Our goal is to ensure the 72,000 acres remain forested and sustainably managed as working timberlands,” said Larry Selzer , President and CEO of The Conservation Fund . “Our purchase and the ultimate protection of the PotlatchDeltic land will support northern Minnesota’s long tradition of timber production and outdoor recreation by preserving working forestlands and safeguarding jobs, while also protecting water quality and wildlife habitat, helping mitigate climate change, and contributing to local economies.”
This outcome is a culmination of long-standing work The Conservation Fund and PotlatchDeltic have been able to complete together to achieve conservation and economic goals. With this transaction and others underway, this partnership has been the catalyst to conserve more than 200,000 acres in the State of Minnesota for various conservation purposes, including working forests, protection of important habitats and public access. The Conservation Fund’s purchase will be made possible through its Working Forest Fund®, dedicated to protecting large, ecologically and economically important forestlands from subdivision and fragmentation, allowing time for permanent conservation solutions to be developed and implemented with local partners that strengthen rural economies and conserve natural ecosystems.
The PotlatchDeltic lumber mill in Bemidji will continue to operate successfully, as it has for nearly 30 years. The property being sold to The Conservation Fund as a working forest will continue to supply logs to these markets and provide for the protection of the essential jobs required to deliver and process the trees.
About The Conservation Fund
At The Conservation Fund , we make conservation work for America. By creating solutions that make environmental and economic sense, we are redefining conservation to demonstrate its essential role in our future prosperity. Top-ranked for efficiency and effectiveness, we have worked in all 50 states since 1985 to protect more than eight million acres of land, including more than 311,000 acres in Minnesota . More information can be found at www.conservationfund.org and www.workingforestfund.org .
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns approximately 1.8 million acres of timberlands in Alabama , Arkansas , Idaho , Louisiana , Minnesota and Mississippi . Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic , a leader in sustainable forest practices, is dedicated to long-term stewardship and sustainable management of its timber resources. More information can be found at www.potlatchdeltic.com .
It’s no secret that successful deer hunting isn’t easy, requiring a combination of intelligence, practice and patience.
As examples of the difficulties involved in the sport, consider some of the challenges for deer hunters in the Southeast, writes Realtree pro staffer Michael Pitts in Realtree.com’s “Brow Tines and Backstrap” blog.
Southeastern deer are constantly on high alert. Swirling winds can give you away in an instant. And for hunters who are members of the Southeast’s many hunting clubs, it’s often no secret where bucks are coming through or stopping for food or water.
That doesn’t mean hunting in the Southeast or elsewhere around the country is impossible, though. It just takes careful planning, something hunters should strive to do in the off-season anyway.
At PotlatchDeltic, we know that having a home base for your hunting trips can give you an advantage over hunters who only come into the area during deer season. By having your own land to hunt on, you can have acreage that isn’t crowded. You can select prime locations for deer stands. And you can make the property more attractive for wildlife over time by planting food plots.
For recreational land owners, the advantages don’t stop within the confines of their property, though. With a place of your own, you can become an expert on the habits of wildlife in the surrounding area. It’s such an advantage when you already know where deer are bedding down and where they are going for food and water.
With summer around the corner, it’s a great time to start thinking about having your own recreational property for next fall and winter. Contact one of the recreational land sales experts in the PotlatchDeltic Preferred Broker Network today!
If you have young kids, you might know the looks and the sighs you get when you suggest a family hike in the woods.
But a hike with your kids doesn’t have to be a stressful experience. The wilderness.org website has some great tips for the next time you want to get the kids out of the cabin.
Pick an interesting route that’s a reasonable distance, with plenty of natural features. Hiking with kids should be about exploring, after all. And if the kids feel less pressure to go a certain distance, giving them time to check out streams, large trees and waterfalls, they might just relax and have fun.
Some other helpful tips: Have the kids dress in layers. Pack a kit with supplies and energy snacks. Rotate the group’s leader, so each hiker gets to take a turn in setting the pace. And do whatever you can to keep things positive, even if some of the hikers start to complain.
Making a hike a regular part of your family routine when you are out in the woods will make it seem like less of a chore. And who knows, your kids might actually start to look forward to it!
PotlatchDeltic sells recreational properties with a wealth of trails, and many are near public land that offers even more hiking opportunities. Contact one of the experts in our Preferred Broker Network to get your own home base for summer fun!
A key to success for any deer hunter is information. And even though the fall is months away, serious hunters are getting ready now, checking their gear, planning trips, and in the case of hunters we work with, looking for a recreational property to buy as their home base.
There are so many questions to consider in planning your hunting activities. For example: Where are the best hunting spots in my state? What gear should I buy now to be ready for my fall hunting trips? And how can I put the off-season to the best use?
Also, for information on hunting, outdoor recreation, and buying recreational land, our PotlatchDeltic blog is a good spot to visit regularly. We enjoy passing along helpful tips, with the goal of helping outdoors enthusiasts buy a place for their hunting excursions.
The spring is a great time to start the process of finding the right recreational property for your needs, so you’ll be all set for the fall hunting season. Contact one of the recreational property sales experts in our PotlatchDeltic Preferred Broker Network if you’d like to learn more