Molpus Woodlands Group Announces the Purchase of 26,786 Acres of Timberland in Northern Idaho and Eastern Washington
The Molpus Woodlands Group, LLC (Molpus), a timberland investment management organization headquartered in Jackson, Mississippi, announced today, on behalf of a client, the successful purchase of approximately 26,786 acres of timberland in northern Idaho and eastern Washington.
The property is located within six counties in northern Idaho and three counties in eastern Washington, in the vicinity of three fast growing population centers – Spokane, Washington, Coeur d’Alene, Idaho and Sandpoint, Idaho. Located in the timber-rich region known as the Inland West, the property is surrounded by well-developed and well-capitalized sawmill markets. It has been managed on a sustainable basis for decades. The property is primarily dominated by conifer sawtimber, with a wide range of commercial species – Douglas-fir, western larch, grand fir, alpine fir, western hemlock, western red cedar and ponderosa pine. Molpus currently maintains an office in Coeur d’Alene, Idaho that will assume the responsibilities associated with this new acquisition. The Idaho team will now be managing approximately 163,000 acres.
“We are pleased about this opportunity to expand our existing operational presence and established relationships in this region. We look forward to managing this high quality asset and intend to build on the property’s solid history of forest sustainability and stewardship,” said Ken Sewell, Chief Operating Officer.
Molpus currently has 1,900,000 acres under management in eighteen states, valued in excess of $2 billion.
The Molpus Woodlands Group, LLC, a Registered Investment Advisor, was founded in 1996 as a Timber Investment Management Organization (TIMO) and has a company legacy dating to 1905. Molpus is one of the oldest timber-related companies in the nation, with experience in all facets of timber management, manufacturing, and marketing. Molpus is one of the few TIMOs that has all of its core businesses and forestry functions handled or supervised by in-house experts.
Molpus acquires, manages, and sells timberland as an investment vehicle for pension funds, college endowments, foundations, insurance companies, and high-net-worth individual investors. The company focuses on ensuring long-term optimal cash returns on investments while practicing responsible forest stewardship. Molpus currently manages approximately 1.9 million acres of timberland investments located in eighteen states.
Nothing herein constitutes an offer to sell or a solicitation of an offer to subscribe for or buy any security with respect to any fund.