The article presents the results of a study of the process of transferring forest land for lease for the implementation of priority investment projects. In total, 142 priority investment projects in the Russian forest complex were examined with a harvesting volume of 82.7 mln cub. m of timber and investments in excess of 7 mln. $. The largest concentration of priority investment projects falls on the forest regions of Russia: Northwestern Federal District, Volga Federal District and Siberian Federal District. The results of the study show that the forestry business is developing and there are high growth rates in production capacities and product sales.