| POPE Description: Pope Resources, A Delaware Limited Partnership manages timber resources in the United States. It operates through three segments: Fee Timber, Timberland Management, and Real Estate. The Fee Timber segment is involved in growing, managing, harvesting, and marketing timber from 205,000 timberland acres that it own or manage as tree farms to domestic manufacturers and export brokers. The Timberland Management segment provides management, acquisition, disposition, and consulting services to third-party owners of timberland. This segment also engages in raising investment capital for the funds, as well as acquiring and managing properties on behalf of the funds. The Real Estate segment is involved in securing entitlements and/or infrastructure for the development; selling the entitled property to a party who would construct improvements; negotiating conservation easements; and leasing residential and commercial properties, as well as a commercial office building. This segment operates a portfolio of approximately 2,500 acres in the west Puget Sound region of Washington. The company sells its logs to lumber mills and other wood fiber processors located in western Washington, western Oregon, and northern California, as well as to export intermediaries located at the ports of Longview, Tacoma, Port Angeles, Grays Harbor, and Olympia, Washington; and St. Helens and Astoria, Oregon. It also engages in commercial thinning operations; and leases ground for cellular communication towers, as well as is involved in gravel mine and quarry operations. Pope MGP, Inc. and Pope EGP, Inc. operate as the general partners of Pope Resources, A Delaware Limited Partnership. The company was founded in 1985 and is headquartered in Poulsbo, Washington. |
