In learning about PotlatchDeltic, you might have seen that the company is a real estate investment trust, or REIT. So, what is a REIT, and why does that matter to you as a recreational land buyer?
A REIT is a company that owns, operates or finances income-producing real estate. PotlatchDeltic is a timber REIT, owning nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi, and a small percentage of select acreage is available for sale. In a 2019 ranking of the top timberland owners in North America, PotlatchDeltic was ranked No. 5.
As a story on the SeekingAlpha website describes, “timber REITs are among the leaders in sustainable foresting, with all four timberland REITs having 100% of their land third-party certified as sustainable either by the Sustainable Forestry Initiative (SFI) or the Forest Stewardship Council (FSC).”
In fact, timber REITs generally plant significantly more trees in a given year than they harvest, the story says.
This commitment to sustainable practices, tied to having a wide range of properties for sale, is a good equation for recreational land buyers looking for a property that’s been well taken care of by a company like PotlatchDeltic with deep forestry and real estate experience.
If you’d like to start your recreational land search, start with PotlatchDeltic. Contact us today!