CatchMark Timber Trust, Inc. has acquired 1.1 million acres of timberland in East Texas for approximately $1.39 billion in a joint venture with several institutional investors, aiming to significantly expand its operational capacity and enhance shareholder value.

Target Information

CatchMark Timber Trust, Inc. (NYSE: CTT) has successfully completed its acquisition of approximately 1.1 million acres of prime timberland in East Texas, valued at approximately $1.39 billion. This acquisition was made in collaboration 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 transaction, one of the largest timberland deals in the U.S. over the past decade, was facilitated by Campbell Global on behalf of the institutional owners of the property. The newly acquired timberland will be managed through a joint venture named Triple T Timberlands, which is an affiliate managed by CatchMark.

Industry Overview in the United States

The timber industry in the U.S. continues to exhibit robust growth, driven by increasing demand for sustainable forestry and timber products. With significant timberland resources across various states, U.S. timber production plays a vital role in the global supply chain for wood and paper products. The East Texas region is particularly advantageous due to its favorable climate and soil conditions that support high-yield forestry.

Additionally, environmentally conscious practices are reshaping the industry, as stakeholders seek to balance timber harvesting with conservation efforts. This paradigm shift towards sustainable forestry no