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June 30, 2020


Spokane-based PotlatchDeltic agreed to sell about 72,000 acres in Minnesota to The Conservation Fund for about $48 million. The deal is expected to close later this year. PotlatchDeltic has a long-term strategy to maximize shareholder value through rural real estate sales. It said nearly all of its ownership in Minnesota is under contract, with a series of closings scheduled to occur through 2022. PotlatchDeltic is a REIT that owns 1.8 million acres of timberlands in several states.

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