Timbervest Trades 19,700 Acres for Nearly $34M

ATLANTA—Locally-based Timbervest LLC, which manages timber-related assets and investments, reports it has sold a total of nearly 20,000 acres of timberland assets in Georgia and Pennsylvania from its Timbervest Partners I investment fund.

Timbervest sold approximately 18,500 acres in Stewart County, GA to an unidentified institutional timberland investment group. The Southwest Georgia property had been managed for more than seven years by TVP I as a core timberland investment and its superior wood product mix was an attractive characteristic to the buyer, the company states.

The Pennsylvania property, which was purchased by the fund in 2007, totals 1,134 acres and is located in Franklin and Green counties and was managed to provide ongoing cash flow from harvesting operations. The sale was completed at what the Timbervest described at a “recreational price point” to an unnamed conservation-themed institutional investor.

Following the sales, the $231 million, the TVP I fund launched in 2005 owns and manage high quality timberlands located throughout the country with an investor base consisting of both institutional and high-net-worth investors.

“We are excited to be able to take advantage of strengthening markets to sell certain properties and complete these high-value transactions,” says Bill Boden, managing partner of Timbervest. “Each property contained high quality timberland, which provided consistent cash flow and excellent wood harvesting opportunities. We are currently evaluating other sales and purchases for our funds and matching investors with profitable investment opportunities.”

Timbervest currently manages more than 600,000 acres of timberland, timber-related assets and other real estate investments with a market value in excess of $1.4 billion. The company's timberland portfolio assets are located in most major timber regions of the United States, including the Northeast, Southeast, Appalachian, West Gulf and Pacific Northwest.