This offering provides opportunity to purchase an investment-grade timberland portfolio with strategic location in a competitive log market, and to benefit from significant asset growth. The 2,969± acres of pre-merchantable timber stands of 30 to 35± year old Douglas fir will allow management and timing of timber harvests to take advantage of market conditions as part of the housing construction and economic recovery.

Financing opportunities may be available from the MetLife Timberland Finance Group.*

U.S. housing starts are projected to increase to 1.7-1.86 million by 2013.

* This is not a commitment to lend; subject to underwriting approval.

Significant asset growth from stands of 30 to 35
year old Douglas fir in 10 to 15 years.

The Seller has structured this Sealed Bid Offering with the option for bids to be submitted for Rock Creek Tree Farm in its entirety, or in a combination of any one or multiple of Blocks A, B, C, and D, ranging in size from 1,653± acres to 4,381± acres.

Seller has projected a 20-year harvest volume for Rock Creek Tree Farm that could range from 168,000± MBF to 179,000± MBF, depending upon a 40 or 45 year rotation. The 15 year harvest volumes in the aggregate could exceed 136,000± MBF, providing flexibility to meet market conditions.