SEATTLE, WA – One of the world's largest private owners of timberlands, Weyerhaeuser Co. has agreed to purchase 80,800 acres of high-quality timberlands from a fund managed by Campbell Global for $265 million.
The acquired timberlands are located in strong coastal markets across North Carolina and South Carolina, and are strategically situated near existing Weyerhaeuser timber and mill operations.
Weyerhaeuser expects the acquisition to deliver portfolio-leading cash flow and harvest tons per acre within its Southern Timberlands business.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
