Campbell Global Acquires Oregon Timberland From Weyerhaeuser
The Timber Investment Management Organization (TIMO), Campbell Global LLC, announced in November it acquired 28,200 acres of timberland from Weyerhaeuser in Oregon’s North Coast and Willamette Valley. Campbell CEO, Angela Davis said “We are pleased to be adding some of the highest quality forestland in the world, and this transaction demonstrates our team’s ability to acquire top-tier properties on behalf of our investors.”
Portland-based Campbell Global, founded four decades ago, is a worldwide timberland investment manager of J.P. Morgan Asset Management. Campbell manages five million acres for pension funds, foundations, and institutional investors. It oversees $10.1 billion in assets, 1.4 million acres, with 150 employees. J.P. Morgan Asset Management has assets under management of $4 trillion.
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Purdue Grant Focuses On Forest Development
U.S. Dept. of Agriculture has awarded a $10 million grant to Purdue University to help landowners and stakeholders better adapt their forests to increasingly complicated economic and climate conditions in the Eastern U.S. About 5 million small, private landowners control just over half the acreage of forests in the Eastern U.S. This contrasts with Western U.S. forests, which are mostly publicly owned. Purdue and its project partners—the University of Georgia, the University of Maine and the U.S. Forest Service—aim to improve the management of 15 million acres of those forests, an area nearly as large as…
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