REIT Weyerhaeuser Lands Alabama Timberlands For $149M

Law360 (February 25, 2021, 6:12 PM EST) -- Real estate investment trust Weyerhaeuser said Thursday that it signed a roughly $149 million deal to buy 69,200 acres of Alabama timberlands from a land management unit of industrial packaging maker Greif Inc.

Weyerhaeuser Co. announced in a news release that it is nabbing the land, which can be harvested for timber, from Greif subsidiary Soterra. The property adds to the nearly 600,000 acres that Weyerhaeuser already owns and manages in Alabama, alongside two mills and a nursery in the state.

"This transaction is a great opportunity to enhance our portfolio by acquiring high-quality, well-managed timberlands with low operating risk," Weyerhaeuser...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!