BOSTON (September 18, 2015)—The Hancock Timber Resource Group has completed the acquisition of approximately 98,000 acres of timberlands in Florida from Plum Creek Timber Company.
“We continually seek to secure high quality timberlands for our clients,” said Hancock Timber Resource Group President Brent Keefer. “These highly productive timberlands are an excellent investment opportunity for our clients and we’re very pleased to be able to acquire them.”
The timberlands, stocked primarily with well managed southern pine plantations and hardwoods, are largely contiguous blocks and located in Levy County
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.