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Real Estate & Property Law

: Housing Wire

Weyerhaeuser Will Become a REIT as Citigroup Updates Ratings

By AUSTIN KILGORE

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Federal Way, Wash.-based forest products company Weyerhaeuser (WY: 43.0599 +1.29%) announced plans to convert into a real estate investment trust (REIT). The company, which manages 22m acres of forests with offices or operations in 10 countries, said the conversion will include all the company?s divisions ? timberlands, wood products, cellulose fibers and real estate. The Weyerhaeuser board [...]

Full post as published by Housing Wire on December 15, 2009 (boomark / email).

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