The property is the 151,000-acre Chickasawhatchee Swamp tract, also known as the Swamp of Toa. The freshwater swampland lies in southwest Georgia in parts of three counties, some 190 miles south of Atlanta.

This pristine swamp and wildlife area is considered the state's most important wetland, second only to the Okefenokee Swamp in south Georgia. The state plans to designate the swamp as a wildlife management area.

The sale depends on a vote of the Conservancy's national board of governors by the end of September. The deal would close in October. The Chickasawhatchee Swamp is the major recharge area for the Floridian aquifer, which is the source of drinking water for Florida, south Georgia and the Georgia coast. The swamp also affects the water flow in the Flint and Chattahoochee rivers, also major water sources and recreational waterways for the area.

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