Beaver Coal Company, Limited owns approximately 50,000 acres of surface and mineral property centrally located in Raleigh County, West Virginia, and within a 10 mile radius of Beckley. Much of the property is serviced by all public utilities and is primed for commercial, industrial and residential development. Beaver Coal Company, Limited prefers to enter long-term ground leases of its surface property but has on numerous occasions sold property for development  Beaver Coal Company, Limited generates passive income from activities including surface, and subsurface leasing (e.g. coal, natural gas, timber harvesting, ground leases) and will not incur outsized administrative expenses or take on operating risk, which is best borne by high-quality credit tenants under lease to Beaver.