Plum Creek Timber is the largest private landowner in the United States. Most of its lands were originally purchased, or otherwise acquired as timberland. Headquartered in Suite 4300 at 999 Third Avenue in Seattle, Plum Creek was spun off from Burlington Resources as a master limited partnership on June 8, 1989. It converted to a real estate investment trust on July 1, 1999 in order to obtain tax and accounting advantages available to concerns primarily involved in real estate development. Burlington Resources was created from the Burlington Northern railroad's natural resources holdings in... 1988; Plum Creek Timber is therefore heir to some of the 47 million acres of timberland originally granted by the federal government to the Northern Pacific Railway in the 1860s. Today Plum Creek Timber owns and manages timber lands in the United States. The company engages in the sale and management of timber lands, and the sale of nonstrategic timber lands. It also produces a line of softwood lumber products, including common and select boards, studs, edge-glued boards, and finger-jointed studs.
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| NYSE symbol: | PCL |
| Founded: | 1989 |
| Headquarters: | United States of America |
| Legal structure: | Public company |
| Annual revenue: | $1,627,000,000 |
| Operating income: | $571,000,000 |
| Industries: | Lessors of Real Estate |