A partnership between Forest Investment Associates and Molpus Woodlands Group, two timberland investment management organizations, has purchased approximately 295,000 acres of timberlands in Arkansas and Texas from the Hancock Timber Resource Group. The property was originally part of HTRG’s acquisition from TimberStar in 2009. Consisting primarily of high-quality pine plantations, the timberlands provide timber products to industry leaders including International Paper, West Fraser and Georgia-Pacific through long-term supply agreements. FIA’s clients acquired approximately 146,500 acres while Molpus’ clients acquired approximately 148,500 acres. Each acquisition will be separately managed by FIA and Molpus. Perella Weinberg Partners LP served as the exclusive financial advisor to HTRG in the transaction. Terms of the sale were not disclosed.
