BOSTON (November 1, 2016)—The Hancock Timber Resource Group has completed the acquisition of approximately 37,000 acres of timberlands in Mississippi and Alabama from Rayonier Inc.
“We continually seek to secure high quality timberlands for our clients,” said Hancock Timber Resource Group President Brent Keefer. “We are very pleased to acquire these properties which are located in an area of the US South with deep and diverse markets for forest products. We look forward to managing them to their highest potential.”
The timberlands stocked with well managed southern pine plantations and hardwoods are located in eastern Mississippi and south central Alabama. The timberlands will be managed by Hancock Forest Management, the organization’s integrated property management group.
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 6.3 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.