March 22, 2023

Area Capital Group acquires timberland in Arkansas, different states

Area Capital Group, LLC, a complete personal funding administration providers agency, and its subsidiary, Area Timber Advisors, LLC, introduced Thursday (Feb. 9) the acquisition of practically 22,000 acres of timberland all through the southeastern U.S.

The belongings had been acquired through six separate transactions spanning from October to January, and embrace properties in Arkansas, Texas, Mississippi, Alabama, Georgia and Virginia.

“We consider these acquisitions exhibit Area’s capacity to supply high quality belongings in a aggressive market atmosphere and full transactions expediently,” stated Peter Walker, vice chairman of investments and timberland belongings at Area Timber Advisors. “Our plan to focus on worth alternatives in lower-to-middle tier land markets has continued to provide constant outcomes. We look ahead to being good stewards of those properties and managing them to excessive requirements that protect and improve the atmosphere.”

Area Timber’s most up-to-date acquisitions improve the overall acreage of timberland underneath the corporate’s administration to greater than 264,000 acres. Area continues to analysis alternatives for added, strategic acquisitions within the Southeast to satisfy the area’s demand for lumber and different wooden merchandise.

Area manages roughly $8.5 billion in whole belongings via its two registered subsidiaries, Area Capital Advisors, LLC and Area Timber Advisors, LLC.

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