Pope Resources Closes $12 Million Residential Land Sale
December 01 2006 - 8:30AM
Business Wire
Pope Resources (Nasdaq:POPEZ) announced it has closed on a $12
million sale of 203 acres of residential land to Bremerton
Residential Investments LLC. This property represents the entire
residential portion of a 264-acre mixed use property located within
the city limits of Bremerton, Washington. The property received
preliminary plat approval for 631 attached and detached residential
units in August 2006. The balance of the property, the 61-acre
Wright Creek Business Park, is zoned for industrial and business
park uses. About Pope Resources Pope Resources, a publicly traded
limited partnership, and its subsidiaries Olympic Resource
Management and Olympic Property Group, own or manage over 400,000
acres of timberland and development property in Washington and
Oregon. In addition, we provide forestry consulting and timberland
investment management services to third-party owners and managers
of timberland in Washington, Oregon, and California. The company
and its predecessor companies have owned and managed timberlands
and development properties for more than 150 years. Additional
information on the company can be found at www.orm.com. The
contents of our website are not incorporated into this release or
into our filings with the Securities and Exchange Commission. Pope
Resources (Nasdaq:POPEZ) announced it has closed on a $12 million
sale of 203 acres of residential land to Bremerton Residential
Investments LLC. This property represents the entire residential
portion of a 264-acre mixed use property located within the city
limits of Bremerton, Washington. The property received preliminary
plat approval for 631 attached and detached residential units in
August 2006. The balance of the property, the 61-acre Wright Creek
Business Park, is zoned for industrial and business park uses.
About Pope Resources Pope Resources, a publicly traded limited
partnership, and its subsidiaries Olympic Resource Management and
Olympic Property Group, own or manage over 400,000 acres of
timberland and development property in Washington and Oregon. In
addition, we provide forestry consulting and timberland investment
management services to third-party owners and managers of
timberland in Washington, Oregon, and California. The company and
its predecessor companies have owned and managed timberlands and
development properties for more than 150 years. Additional
information on the company can be found at www.orm.com. The
contents of our website are not incorporated into this release or
into our filings with the Securities and Exchange Commission.
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