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The Changing Face of Forestry The New Forest Owners Moderator: Troy Harris. DANZER FORESTLAND. 2005/2006 News Headlines. Boise to sell 2.2 million acres of timberland to Forest Capital Parnters for $1.65B IP completes $250M sale of 1.1 million acresof forestland in Maine, New Hampshire
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The Changing Face of ForestryThe New Forest OwnersModerator: Troy Harris DANZERFORESTLAND
2005/2006 News Headlines • Boise to sell 2.2 million acres of timberland to Forest Capital Parnters for $1.65B • IP completes $250M sale of 1.1 million acresof forestland in Maine, New Hampshire • MeadWestvaco sells 900,000 acres of Timberland and paper business • Hancock Timber Resource Group to acquire Prudential Timber • Hancock Timber Resource Group to Acquire Timberland From Harvard University • IP Agrees to Sell 5.1 Million Acres of U.S. Forestland For Approximately $6.1 Billion
What’s a TIMO? • Timberland Investment Management Organization (TIMO) represent financial instruments and institutions that purchase, manage, and sell timberland in order to organize and manage partnerships of institutional investors. • TIMO’s currently: • Manage over 23.9 million acres of timberland. • Valued at over $19,200,000,000.
Real Estate Investment Trust’s (REIT) Security that sells like a stock on the major exchanges and invests in real estate directly. REIT’s receive special tax considerations and typically offer investors high yields, as well as a highly liquid method of investing in real estate. Timber REIT’s currently: Manage over 14.5 million acres of timberland. Valued at over $11,600,000,000. What is a REIT?
The TIMO Perspective: Michael Kelly (Executive Vice President, Chairman of Investment Committee) Chris Elwell (Investment Forester) The REIT Perspective: Jerry Barag (Managing Director) Jim Rundorff (Director Land Asset Management) Meet the New Owners