SPOKANE, WA - Potlatch Corporation (Nasdaq:PCH) announced today that it has hired Mark Bice as Real Estate and Acquisition Manager effective March 2nd. Bice will be responsible for all Real Estate activity including timberland acquisitions and small parcel sales for the company in Alabama, Arkansas and Mississippi. Bice will be located in Birmingham, Alabama.
"Potlatch is pleased to bring someone on board with such deep knowledge and experience in land transactions in the US Southeast," said Mike Covey, chairman and chief executive officer for Potlatch Corporation.
"Timberland acquisition in the US Southeast is a key part of our growth strategy, especially where opportunities exist to 'bolt on' to our recent Alabama and Mississippi acquisitions," added Covey.
Bice comes to us from BTG Pactual Timberland Investment group (formerly Regions Timberland Group), a Timberland Investment Management Organization headquartered in Atlanta, Georgia. Bice is a recognized 30-year plus industry veteran having negotiated and closed over $1 billion in timberland transactions, in the US south as well as other regions in the country. Potlatch purchased 201,000 acres in Alabama and Mississippi in December of 2014. The company believes acquiring timberland in the US Southeast is timely given the expectation that housing starts will continue to increase in the coming years and that incremental volume to meet housing growth will mostly come from southern timber markets.
Potlatch is a Real Estate Investment Trust (REIT) with approximately
1.6 million acres of timberland in Alabama, Arkansas, Idaho Minnesota and Mississippi. Potlatch, a verified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary.
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