To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionJamestown raises $51m for timberland fund
Jamestown, an Atlanta-based investment manager focused on real estate and timber, has raised $51 million to date for its Jamestown Timberland Fund, according to a recent Form D filing with the SEC.
Since 2009, Jamestown has owned and managed timberlands in the southeastern United States through a series of closed-end funds and an institutional open-end fund. Jamestown targets established properties that, through intensive management, respond favorably to three sources from which timberland returns are derived: biological growth, timber price appreciation and land price appreciation. Jamestown focuses on timber markets that exhibit strong demand from a variety of producers of forest products. The firm’s timber portfolio currently includes properties in Alabama, Georgia and South Carolina.