POULSBO — Pope Resources announced on March 31 a $4.9 million conservation sale to The Trust for Public Land, consisting of a conservation easement covering 3,607 acres in Jefferson County.

Of the acreage, 215 acres were sold in fee, leaving 3,392 acres remaining under Pope Resources’ ownership subject to the easement that precludes development but allows continuing timberland operations.

“We are pleased to enter into our second conservation transaction in the Hood Canal watershed involving the United States Navy and The Trust for Public Land,” said Jon Rose, president of Olympic Property Group, a Pope Resources real estate subsidiary. “The easement and land sale will reduce potential future conflicts between Hood Canal naval operations and development of our property, while at the same time expanding public and riparian access to the Dosewallips River.”

Paul Kundtz, state director of The Trust for Public Land, said in the announcement, “Our work with Pope Resources and the naval base at Kitsap is a great success story. Having beautiful places like this both protected and accessible is a core goal for our organization.”

Pope Resources (www.poperesources.com), a publicly traded limited partnership, and its subsidiaries Olympic Resource Management and Olympic Property Group, own or manage 193,000 acres of timberland and development property in Washington, Oregon, and California. It also manages and co-invests in three private equity timber funds, for which it earns management fees.

The company and its predecessor companies have owned and managed timberlands and development properties for more than 160 years.