FINANCING: Subject to Seller's approval of Purchaser's credit: A 50% down payment with the balance secured by a first deed of trust, amortized over 20 years at 8% interest, calling for monthly payments of principal and interest; all due and payable at the end of 2 years.

DESCRIPTION: This 640± acre timber tract is located in Oregon's central coast range, within the Siuslaw National Forest, along a ridge between the Yachats River and Buck Creek drainages. This investment grade timberland has an estimated 10,544 MBF of primarily 41 to 50 year old Douglas fir with some red alder and white woods also in the 41 to 50 year old age class, providing near-term cash flow from the improving log markets and projected 2011-2012 housing and economic recovery. (See Supplemental Information Package for  inventory detail.)

Almost two-thirds of the property is estimated as a Douglas fir site class I and the balance a site class II+, providing a highly productive timber growing site. There are 143± acres of well-stocked 16 to 25 year old Douglas fir reproduction located in the northeast portion of the tract. This reproduction will provide long-term growth and additional harvests in the next 20+ years. An estimated 40 acres is classified non-timberland.

This property is one of the largest in-holdings in this part of the Siuslaw National Forest, with excellent access from USFS Roads 59 and 32 north to Highway 34 and to log markets in Eugene, Springfield and to Willamette Valley mills in Philomath, Dallas and Willamina. Log export facilities are located west at the Port of Newport and south at the Port of Coos Bay. A Timber and Rock Hauling Permit is required, which can be obtained at the Waldport Ranger Station.

The topography ranges from 600 to 1,100± feet and contains ridge tops and primarily moderate north facing slopes. Logging roads provide access to lands east of the USFS road that runs north and south through the tract.

LOCATION: Township 15 South, Range 10 West, Section 16, Tax Lot 600.

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