BOSTON (March 20, 2018)—The Hancock Timber Resource Group has completed the acquisition of approximately 100,000 acres of southern timberlands from Forest Investment Associates.
The timberlands are located in central Alabama, south central Georgia and northern Florida. The timberlands will be managed by Hancock Forest Management, the organization’s integrated property management group.
“These are well managed southern pine plantations and hardwood forests, and we are pleased to make this acquisition on behalf of our clients,” said Brent Keefer, head of the Hancock Timber Resource Group . “The timberlands are located in an area of the US South with deep, growing and diverse markets for forest products. We look forward to managing them to their highest potential.”
Mr. Keefer noted that the construction in the region of several new manufacturing facilities have been announced recently. The facilities are expected to be operational in the next 12 to 24 months, which should have a positive impact for the forest products industry across the area.
HTRG manages approximately 2 million acres across the US South with 365,000 in Alabama, with 130,000 in Georgia and 105,000 in Florida.
About the Hancock Timber Resource Group The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., a unit of Manulife Asset Management Private Markets. Based in Boston, it manages approximately 6.0 million acres of timberland in the United States, Chile, Canada, New Zealand and Australia on behalf of investors worldwide.