X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Forest products company Crown Pacific Partners L.P. is no longer pursuing the sale of the company because of current weak lumber market conditions, says Crown’s CEO Peter Stott.

However, the board has authorized exploration of other options, including the sale of selected non-strategic assets and the conversion of the company to a real estate investment trust (REIT).

The CEO explained that because of recent developments employing the tax efficient REIT structure to acquire timber, the company is interested in determining whether this investment vehicle may be a more appropriate structure for growth.

Crown Pacific announced in March that it would explore alternatives to increase unitholder value with its advisor, UBS Warburg.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.