ATLANTA – A partnership led by CatchMark Timber Trust Inc. is acquiring 1.1 million acres of East Texas timberlands for $1.39 billion.
The deal is one of the largest U.S. timberland transactions in over a decade.
The buyer assumes existing sawtimber and pulpwood supply agreements until at least 2029 and 2027, respectively.
Campbell Global sold the property on behalf of the owners.
Other investors in the partnership include BTG Pactual Timberland Investment Group, Highland Capital Management, Medley Management Inc., and a Canadian investor.
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