CatchMark partnership buys East Texas timberlands for $1.39b

CatchMark Timber Trust, Inc., has agreed to acquire 1.1 million acres of 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 a major Canadian institutional investor.
The property is being sold by Campbell Global, on behalf of the institutional owners of the property, in a…

CatchMark partnership buys East Texas timberlands for $1.39b
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