Wednesday, January 21, 2015
Timbervest, LLC, an Atlanta-based company that manages timber-related assets and investments, announced it sold more than 10,000 acres of timberland assets in Florida, South Carolina and Vermont from its Timbervest Partners I (TVP I) investment fund. The combined value of the three transactions totaled more than $14.2 million. Following the sales, the $230 million, vintage 2005 TVP I fund continues to own and manage high quality timberlands located throughout the country and its investor base consists of both institutional and high-net-worth investors.
“We are excited to complete these transactions,” said Bill Boden, managing partner of Timbervest. “Each property’s unique environmental characteristics and timber attributes made them highly attractive assets. At this stage of the TVP I fund, we are actively evaluating other sales opportunities”, he added.
Founded in 1995, Atlanta-based 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.