Plum Creek Company

Then, in 1998, the Plum Creek Company of Seattle, the largest private timberland owner in the nation, bought 1 million acres of the Maine Woods near Greenville, and promised a better future. 

Plum Creek was a new kind of corporate entity in the Maine Woods—a real estate investment trust (REIT), rather than a traditional timber company. An aggressive buyer, seller, and developer of land that offered consistently high earnings to investors, Plum Creek delivered a 20 percent return in 2007 (five times what Standard and Poors delivered that year). Such bounty is not obtained by growing... 

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