Pope Resources, A Delaware Limited Partnership (the Partnership) operates in three business segments: Fee Timber, Timberland Management & Consulting (TM&C), and Real Estate. Fee Timber operations consist of the growing and harvesting of timber from its 175,000 acres of tree farms. The Timberland Management & Consulting segment activities are centered on raising and investing capital from third parties for private equity timber funds, and thereafter managing those funds for the benefit of all investors. The Real Estate segment�s operations are focused on a portfolio of approximately 2,800 acres in the Puget Sound basin of Washington. In July 2012, it sold its headquarters building in Poulsbo, Washington to Safeway, Inc. In December 2012, the Company sold multi-family residential land in its Harbor Hill project to Landmark Development Group LLC.