J.P. Morgan Asset Management announced that institutional investors advised by the firm's wholly owned timber investment manager, Campbell Global, have led the acquisition of 40,800 productive acres of high-quality, commercial timberland located on the Olympic Peninsula in northwest Washington state.
The firm has named the property Tyee to acknowledge the Cascadia region's indigenous Native American history.
Campbell Global was acquired by J.P. Morgan Asset Management in 2021 and is recognized as a pioneer in timberland management, having managed more than 5 million acres worldwide for pension funds, foundations and other institutional investors since inception.
Tyee will be continuously managed for both carbon capture and timber production to meet growing demand for sustainable building products and other uses. Some details of the property include
100 percent certified in accordance with Sustainable Forestry Initiative standards
More than
