The conserved acres will continue to be managed through Forest Stewardship Council certification, and we intend to create value through conservation and improved timber management for long-term growth of the investment.
Jackson, MS (PRWEB) February 13, 2012
Molpus Woodlands Group (Molpus), a timberland investment management organization headquartered in Jackson, Mississippi, announced today, on behalf of Molpus’s third co-mingled fund, the successful purchase of approximately 42,464 acres of timberland in Tennessee.
The timberland is located in Morgan and Scott Counties in north-central Tennessee, northwest of Knoxville, and offers both geographic and hardwood species diversity. Molpus currently manages over 60,000 acres in Tennessee. This transaction is the third acquisition for Molpus's third co-mingled fund.
"We are pleased to continue to expand in an area where we have had success," says Molpus Woodlands Group president, Dick Molpus. "The conserved acres will continue to be managed through Forest Stewardship Council certification, and we intend to create value through conservation and improved timber management for long-term growth of the investment."
The fund, which closed in May of 2011 at $439.5 million, is made up of U.S. and international investors, including corporate and public retirement systems, university endowments, foundations, and individuals. Molpus currently manages approximately 900,000 acres of timberland, located in fifteen states.
The Molpus Woodlands Group, LLC, a Registered Investment Advisor, was founded in 1996 as a Timber Investment Management Organization (TIMO) and has a company legacy dating back to 1905. With its sister operating company, Molpus Timberlands Management, LLC (collectively, Molpus), Molpus is one of the oldest timber-related companies in the nation, with experience in all facets of timber management, manufacturing and marketing. Molpus is one of the few TIMOs that have all of their core businesses and forestry functions handled or supervised by in-house experts.
Molpus employs sixty-nine people in its thirteen offices located in Alabama, Arkansas, Kentucky, Louisiana, Michigan, Mississippi, New York, and Oklahoma. Molpus acquires, manages, and sells timberland as an investment vehicle for pension funds, college endowments, foundations, insurance companies, and high net-worth individual investors. The company focuses on ensuring long-term optimum cash returns on investments while practicing responsible forest stewardship. For more information, visit http://www.molpus.com/.