Domain Timber Advisors, a SEC Registered Investment Advisor and an affiliate of Domain Capital Advisors, announced the purchase of Timbervest’s fund management business.
According to the announcement, the purchase was completed on May 30, 2017 and included the acquisition of the Timbervest infrastructure and personnel responsible for managing a 530,000-acre timberland portfolio with a market value of approximately USD 1 billion across the major timber producing regions of the US. In addition, the portfolio is also comprised of environmental restoration projects including mitigation and conservation banks across the U.S., with a market value of approximately USD 200 million.
Patrick R. Leardo, CEO of Domain Capital Holdings, commneted:
“The Timbervest portfolio is a natural extension of Domain’s real estate investments and provides increasing diversification for our investors.”
Earlier Timbervest sold timberland assets in Georgia and Pennsylvania.
The company is SEC-registered, institutional investment advisor with approximately USD 5.3 billion in assets under management and affiliate subsidiaries of Domain Capital Holdings, LLC. Investment concentrations include real estate, private equity, venture capital, media and entertainment, structured debt, timberland and select fund investments.