- Bevilacqua. Eddie
Forest ownership patterns in the United States have changed dramatically over the past couple of decades. Traditional Vertically Integrated Forest Products Companies (VIFPCs) have sold their timberlands to institutional owners like Timber Investment Management Organization (TIMOs) and Real Estate Investment Trust (REITs). Several reasons have been identified for these ownership changes, including tax issues, international and domestic competition, realization of timber industry by outside financial investors. The Northern Forest region has not been immune to this trend.