POULSBO, Wash., Aug. 12, 2019 /PRNewswire/ -- Pope Resources
(Nasdaq:POPE) announced today a sale of the final 65 single-family
lots from its Harbor Hill project in Gig
Harbor, Washington for $12.0
million to DR Horton. Harbor Hill is a mixed-use planned
community consisting of residential, retail, business park, and
commercial properties.
"This transaction is a fitting capstone to our single-family lot
sale program in Gig Harbor," said
Tom Ringo, President and CEO. "We
have sold 546 lots in our Harbor Hill project over the last six
years, a testament to a very strong Puget Sound housing market and
homebuilders' enthusiastic response to this product."
About Pope Resources
Pope Resources, a publicly traded limited partnership, and its
subsidiaries Olympic Resource Management and Olympic Property
Group, own and manage 120,000 acres of timberland and 2,000 acres
of development property in Washington. In addition, Pope Resources
co-invests in and consolidates three private equity timber funds
that own 141,000 acres of timberland in Washington, Oregon, and California. The Partnership and its
predecessor companies have owned and managed timberlands and
development properties for over 165 years. Additional information
on the company can be found at www.poperesources.com. The contents
of our website are not incorporated into this release or into our
filings with the Securities and Exchange Commission.
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SOURCE Pope Resources