Domain Timber Advisors LLC, a subsidiary of Atlanta-based Domain Capital Group LLC, has acquired 5,800 acres of which 1,950 are in Alabama. The new assets, which also include tracts in Mississippi, Virginia and Georgia, will be part of the company’s forestland portfolio.
“We are extremely pleased with the pool of assets acquired for the portfolio with our targeted small and middle market investment strategy,” said Peter Walker, chief investment officer at Domain Timber Advisors. “Through a very active and somewhat untraditional approach to acquisitions, we’ve assembled a well-diversified Southeastern-focused timberland portfolio with 16 individual transactions, averaging 2,000 acres each, across seven states.
“Our strategy has proven effective for investors that include sovereign wealth funds, public and private pensions, insurance companies and family-owned wealth management interests from the United States, Europe and Australia,” Walker said.
DTA’s most recent acquisitions bring the company’s management to just under 245,000 acres of timberland. The company says it is continuing to look for acquisitions in the Southeast to meet the region’s demand for lumber and other wood products.
