VALUATION – Timberland (USA)

VALUATION – Timberland (USA)

IRV OFFICE: San Diego, California (USA)

CLIENT: Public & Private Sector – American Forest Holdings / State of Washington (USA)

TYPE OF ASSIGNMENT: Market valuation

DATE EXECUTED: September 2012

PROPERTY DESCRIPTION: Merchantable timber property with 116 legal parcels of vacant timberland totaling 50,272± gross acres located north and northwest of the City of Cle Elum in upper Kittitas County, Washington (USA).  Highest and best use analysis for resort residential and timberland.

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