To read this full article you need to be subscribed to Newsline.Sign in Sign up for a FREE subscription
J.P. Morgan’s Campbell Global acquires over 250,000 acres of commercial timberland valued at more than $500m
J.P. Morgan Global Alternatives announced that institutional investors advised by the firm’s wholly-owned timber investment manager, Campbell Global, have led the acquisition of more than 250,000 productive acres of high-quality, commercial timberland across three properties in the Southeastern U.S. and valued at over a half-billion dollars.
The properties will be continuously managed for both carbon capture and timber production to meet growing demand for sustainable building products and other uses. The properties encompass:Over 18 million metric tons of stored CO2 equivalents (mtCO2e), including more than half a million mtCO2e net retained carbon in 2021 alone; Approximately 120 million standing trees; Over 700 miles of streams protected by 30,000 acres of riparian forests that sustain water resources, providing wildlife habitats and increased biodiversity within the landscape; Over 250,000 acres of diverse wildlife habitat for