International Paper Sells $200 Million Worth of Properties

International Paper reached agreement to sell 163,000 acres of properties located in the southeastern United States for approximately $200 million in a transaction with an affiliate of Rock Creek Capital .

A minimum of $160 million will be received at closing, with the balance, plus interest, to be received no later than three years from closing. In addition, IP will receive 20 percent of the Rock Creek Capital's net profits after it achieves certain financial returns.