2013 Sales: $200 – $300 Million
Who: “Our brokerage business manages the disposition, planning, and marketing of investment-grade timberland properties on behalf of (and to) institutional investors and high-net-worth families. “We specialize in the largest and most complex properties which offer ancillary values and uses, in addition to the core timber operating potential,” says Joseph Taggart of the LandVest Institutional Advisory Group.
Wow: $29 million sale of the Hoko River Tree Farm in Clallam County, Washington.
Insight: Says Taggart, “The timberland market has improved dramatically over the past 12 months. Robust pricing has returned to the asset with demand and available capital far outstripping available inventory.”
Pictured Above: Configured in several non-contiguous tracts, Cherry Springs Timberlands in the Allegheny region of Pennsylvania and New York features significant volumes of Allegheny and northern hardwoods including black cherry, maples and oak.
Download the Summer 2014 edition of The Land Report for the complete listing of our fourth annual survey of the country’s leading real estate firms specializing in land.