Jackson, Mississippi. The Molpus Woodlands Group, a timberland investment management organization (TIMO) headquartered in Jackson, Mississippi, has announced today, on behalf of Molpus's third co-mingled fund, the successful purchase of a major tract of timberland.
The acreage, consisting of high-quality industrial timberland, is located in northwest and southeast Louisiana and northeast Texas. The timberlands offer a balanced pine plantation age class distribution, as well as strong recreational values. These timberlands are located in one of the stronger timber market regions of the southern United States.
"This ownership has historically been well-managed, is highly productive, and is located in close proximity to stable and competitive timber markets. We are pleased about the future potential to our clients," stated Molpus Woodlands Group President, Dick Molpus.
The fund, which closed in May of 2011 at $439 million, is made up of U.S. and international investors, including corporate and public retirement systems, university endowments, foundations, and high net worth individuals. Molpus currently manages approximately 1,000,000 acres of timberland investments located in fifteen states.
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 back to 1905. With its sister operating company, Molpus Timberlands Management, LLC (collectively, Molpus), 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 have all of their core businesses and forestry functions handled or supervised by in-house experts.
Molpus employs sixty-nine people in its thirteen offices located in Alabama, Arkansas, Kentucky, Louisiana, Michigan, Mississippi, New York, and Oklahoma. 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 optimum cash returns on investments while practicing responsible forest stewardship. For more information, visit http://www.molpus.com/.