Campbell Global Acquires Over 250,000 Acres Of Timberland
Campbell Global, a wholly-owned timber investment manager of J.P, Morgan Global Alternatives, has acquired over 250,000 productive acres of high-quality, commercial timberland across three properties in the Southeastern U.S.—valued at over half a billion dollars.
The properties will be continuously managed for both carbon capture and timber production to meet growing demand for sustainable building products and other uses. The properties encompass over 18 million metric tons of stored CO2 equivalents (mtCO2e), including more than half a million mtCO2e net retained carbon in 2021 alone. The properties have approximately 120 million standing trees, and over 250,000 acres of diverse wildlife habitat for recreational pursuits.
“This transaction is one of the largest of its type in the past decade and builds on efforts to expand our asset class offering across alternatives by offering investors access to a robust carbon sequestration and timber management platform,” comments Anton Pil, Global Head of J.P. Morgan Global Alternatives. “We are committed to harnessing the extensive forest management expertise of Campbell Global to offer our clients the unique ESG benefits associated with timberland assets.”
Campbell Global was acquired by J.P. Morgan Asset Management in August 2021.
Interstate Hauling Moves Forward In Arkansas
Arkansas Act 711, previously SB 494, has passed in both legislative chambers and is on its way to the Governor’s desk to be signed into law. This pending new law compels the Director of State Highways and Transportation to request that the Congress…
Log Truck Driver Loses Load On Access Ramp
BACKGROUND: On a February afternoon in the Lake States Region, a log truck driver was hauling 100 in. pulpwood to a local mill. The truck was equipped with a center mount grapple used to load and unload logs. It was a cold, sunny day, and the roads…
Have A Question?
Send Us A Message