BTG Pactual Timberland Investment Group (TIG) is acquiring approximately 90,000 acres of US timberland formerly managed by global real estate investment manager Jamestown for an undisclosed sum.
As part of the transaction, two forestry professionals from Jamestown will join BTG Pactual TIG.
The portfolio of timberland spans five US states, including approximately 50,000 acres of pine timberland in Georgia and Alabama and approximately 40,000 acres of diversified hardwood timberland across Indiana, Pennsylvania and New York.
The acquisition increases BTG Pactual TIG’s core US timberland strategy beyond 1.7m acres, forming part of a larger global footprint of 3.3m acres.
David Cassels, head of US portfolio management, BTG Pactual TIG, said: “This acquisition meaningfully strengthens our US footprint, adding high-quality, sustainably-managed timberland with exposure to diverse, well-established timber markets. We see strong potential for long-term value creation.”
Gerrity Lansing, head of BTG Pactual TIG, said: “This transaction reflects our continued commitment to scaling a well-diversified US timberland portfolio, drawing on our disciplined investment process, operational capabilities and long-term collaboration with The Nature Conservancy to target economic returns alongside meaningful conservation outcomes.”
Matt Bronfman, CEO of Jamestown, said: “Jamestown has been a committed steward of these timberlands, and we are proud of the programme and the care with which it was managed.
“Our decision to pursue a tailored fund transition, rather than a conventional sale process, reflects our commitment to thoughtful execution and alignment with our investors. We believe BTG Pactual TIG will be a strong steward of these assets going forward.”
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