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Plum Creek is the largest and most geographically diverse private landowner in the nation, with approximately 7 million acres in major timber producing regions of the United States. We continually assess the value of the trees growing on our lands, the value of the natural resources (rocks, sand, minerals, oil and gas) that reside beneath the surface, and the value of the land itself. Our job, as stewards of these assets, is to maximize the value of each of them. Plum Creek Timber company produces lumber, plywood and medium density fiberboard (MDF) in our wood products manufacturing facilities in the Northwest. Plum Creek also operates a real estate development business known as Township 110 Land Company, a taxable REIT subsidiary. Plum Creek employs more than 1,250 people across 19 states.

Public Storage operates as a real estate investment trust (REIT). It engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. The company’s self-storage facilities offer storage spaces for lease on a month-to-month basis for personal and business use. Public Storage also has interests in commercial properties containing commercial and industrial rental space; facilities that lease storage containers; and ancillary operations, which include reinsurance of policies against losses to goods stored by its self-storage tenants, retail operations comprising merchandise sales and truck rental operations. As of December 31, 2008, the company had interests in 2,012 self-storage facilities with approximately 127 million net rentable square feet in 38 states; and 181 self-storage facilities with approximately 10 million net rentable square feet in 7 western European nations. It also had direct and indirect equity interests in approximately 21 million net rentable square feet of commercial space located in 11 states in the U.S. As a REIT, the company would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Public Storage was founded in 1971 and is based in Glendale, California.

Rayonier, Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. Rayonier company operates in four segments: Timber, Real Estate, Performance Fibers, and Wood Products. Timber segment owns, leases, or manages timberlands and sells standing timber at auction to third parties, as well as sells delivered logs. Real Estate segment sells medium and large tracts of land with infrastructure. This segment holds development and rural properties primarily in the southeast United States. Performance Fibers segment manufactures cellulose specialties that are used principally in acetate textile fibers, cigarette filters, rigid packaging, LCD screens, photographic film, impact-resistant plastics, high-tenacity rayon yarn, pharmaceuticals, cosmetics, detergents, food casings, and food products; and absorbent materials that are used in disposable baby diapers, feminine hygiene products, incontinence pads, convalescent bed pads, industrial towels and wipes, and nonwoven fabrics. Wood Products segment primarily manufactures and sells dimension lumber used for residential and industrial construction applications. In addition, Rayonier involves in trading and exporting logs, lumber, and wood panel products. As of December 31, 2005, it owned, leased, or managed approximately 2.5 million acres of timberland and real estate. Rayonier company has a joint venture with RREEF Infrastructure to own and manage timber lands in New Zealand. Rayonier has elected to be treated as a real estate investment trust (REIT) for federal income tax purposes and would not be subject to federal income tax on its REIT income that it distributes to its shareholders. Rayonier company, formerly known as Rainier Pulp & Paper Company, was founded in 1926. Rayonier is headquartered in Jacksonville, Florida.

Specialty Trust's specialty is financing multi-million dollar real estate transactions, primarily in the West. The real estate investment trust (REIT) invests in, develops, and manages properties for itself and other investors. Its Specialty Financial subsidiary underwrites commercial and residential mortgages structured under a variety of loan types, including fractional ownership, infrastructure, construction, and residential community loans. Specialty company has invested in projects in Arizona, California, Colorado, Nevada, and Utah. CEO Nello Gonfiantini founded Specialty Trust as Gonzo Financial in 1977. Specialty Trust filed for Chapter 11 bankrutpcy protection in April 2009.

Starwood Property Trust, Inc., a real estate investment trust, primarily focuses on originating, investing in, financing, and managing commercial mortgage loans, commercial mortgage-backed securities, commercial real estate debt investments, and other commercial real estate-related debt investments. It also focuses to invest in residential mortgage loans and residential mortgage-backed securities. SPT Management, LLC serves as manager of Starwood Property Trust, Inc. Starwood Property Trust, Inc. was founded in 2009 and is headquartered in Greenwich, Connecticut.

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