Company Has Acquired More Than 110,000 Acres of High Quality Timberlands in Alabama, Mississippi and Oregon for Clients Since Late 2016
BOSTON (March 31, 2017)—The Hancock Timber Resource Group has completed the acquisition of approximately 53,000 acres of timberlands in southern Oregon.
The 52,770 acres of timberlands, located in Douglas, Jackson and Josephine counties, were acquired from a multi-generation family timberland owner in a privately negotiated transaction.
“These assets are attractively stocked with mature Douglas-fir, white wood, ponderosa pine and incense cedar timber and will supply a diverse customer base who manufacture veneer, plywood, engineered wood products and lumber,” said Hancock Timber Resource Group President Brent Keefer.
The new property will be managed by the Hancock Forest Management team based in Medford, Oregon. HFM is the organization’s integrated property management group.
HTRG manages approximately 300,000 acres of timberland in Oregon, 1.3 million acres in the Pacific Northwest and just under six million acres globally.
Since late 2016, HTRG has acquired more than 100,000 acres of timberlands in Mississippi, Alabama and Oregon.
“Our timberland acquisition program had a strong finish last year and we are pleased to see that momentum continue into 2017 and we expect further success for our clients in the coming months”
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 5.8 million acres of timberland in the United States, Brazil, Chile, Canada, New Zealand and Australia on behalf of investors worldwide. Additional information about Hancock Timber may be found at www.hancocktimber.com.
About Manulife Asset Management Private Markets
Manulife Asset Management Private Markets has investment expertise in several private asset classes, including commercial real estate, timberland and farmland, biomass renewable energy and oil and gas. Manulife Asset Management Private Markets also
partners with Manulife’s specialized private asset investment teams to invest in private placement debt, commercial mortgages, private equity and mezzanine debt. Hancock Natural Resources Group, Manulife Real Estate, John Hancock Real Estate, NAL Resources, Regional Power, Manulife Capital, and Hancock Capital Management are units of Manulife Asset Management Private Markets. As at December 31, 2016, Manulife’s assets under management in private asset classes were C$111 billion (US$83 billion), including assets managed by and for Manulife’s general fund and external clients. Additional information may be found at ManulifeAM.com/PrivateMarkets.
Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers’ needs first and providing the right advice and solutions. We operate as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2016, we had approximately 35,000 employees, 70,000 agents, and thousands of distribution partners, serving more than 22 million customers. At the end of 2016, we had $977 billion (US$728 billion) in assets under management and administration, and in the previous 12 months we made almost $26 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong.