This excerpt taken from the IP 8-K filed Apr 4, 2006.
Other Assets and Forestlands
International Paper is still exploring the sale of approximately 300,000 acres, principally in New York. IPs remaining acreage, approximately 830,000 acres primarily in the South, will be retained by the company and some may be later sold to maximize the value of the land.
The table below reconciles announced and potential land sales and retained acreage against IPs total forestland ownership as of Dec. 31, 2005.