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Home arrow News arrow Local News arrow Forest Capital Partners sells off Oregon timber holdings

Forest Capital Partners sells off Oregon timber holdings

Forest Capital Partners, a major landowner in Northeastern Oregon,
sold its entire timber portfolio of 1.88 million acres today.  The
monetary terms of the transaction were not disclosed.

Until today, Forest Capital owned 259,000 acres in Baker, Union and
Wallowa counties, with the majority of the acres in Union and Wallowa
counties. The timber investment management organization has been the
main supplier of logs to the Boise Cascade mills in La Grande and
Elgin since it bought all of Boise Cascade's land in 2005, roughly 2.2
million acres, for $1.65 billion.

The Hancock Timber Resource Group of Boston, Mass., acquired 573,000
acres of Forest Capital land in Oregon, 264,000 acres in Washington,
138,000 in Idaho and 376,000 in Louisiana.

Molpus, of Jackson, Miss., is acquiring 286,000 acres in Minnesota,
110,000 acres in Louisiana and 138,000 acres in Idaho from Forest
Capital's portfolio.

As part of the transaction, the vast majority of Forest Capital's
employees associated with the timberlands will be merged into
operations of the respective new managers, the Hancock Timber Resource
Group or the Molpus Woodlands Group.

The Hancock Timber Resource Group, founded in 1985, is a division of
Hancock Natural Resource Group, Inc., an operating company of Manulife
Asset Management. It manages approximately 6.6 million acres of
timberland across the United States and in Brazil, Canada, New Zealand
and Australia on behalf of investors worldwide.

The Molpus Woodlands Group, LLC, a Registered Investment Advisor, was
founded in 1996 as a timber investment management organization and has
a company legacy dating back to 1905. With its sister operating
company, Molpus Timberlands Management, LLC , Molpus is one of the
oldest timber-related companies in the nation, with experience in all
facets of timber management, manufacturing, and marketing.

 
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