CatchMark Timber finalizes acquisition of 1.1 million acres in Texas
CatchMark Timber Trust, Inc. completes acquisition of 1.1 million acres of prime East Texas timberlands for approximately $1.39 billion in a joint venture with a consortium of institutional investors, including BTG Pactual Timberland Investment Group, Highland Capital Management, Medley Management Inc., and British Columbia Investment Management Corporation. The property was sold by Campbell Global, on behalf of the institutional owners of the property, in one of the largest U.S. timberlands transactions of the past decade. The joint venture - operating as Triple T Timberlands - is a CatchMark-managed affiliate. Jerry Barag, CatchMark ...
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