Weyerhaeuser Real Estate Company (WRECO), a subsidiary of Weyerhaeuser Company, today announced that it has completed the acquisition of Maracay Homes LLC, a privately held homebuilder located in Phoenix, Arizona.

  (Logo:  http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a
          http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-b )
  Price and terms of the transaction were not disclosed.

WRECO said the acquisition is part of its planned growth strategy. Maracay Homes controls more than 8,000 lots in the Phoenix market and closed approximately 650 homes last year. It has near term expansion plans into the Tucson market.

Weyerhaeuser Company, one of the world's largest integrated forest products companies, was incorporated in 1900. In 2005, sales were $22.6 Billion. It has offices or operations in 18 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com/ .

  Contacts:
  Media -- Frank Mendizabal
  Weyerhaeuser
  253-924-3357

  Analyst -- Kathryn McAuley
  Weyerhaeuser
  253-924-2058

Photo: http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a
http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-b
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com

SOURCE: Weyerhaeuser Company

CONTACT: media, Frank Mendizabal, +1-253-924-3357, or analyst, Kathryn
McAuley, +1-253-924-2058, both of Weyerhaeuser

Web site: http://www.weyerhaeuser.com/