Press Release May 16, 2018

CatchMark Partnership Agrees to $1.39 Billion Acquisition of 1.1 Million Acres of Prime East Texas Timberlands from Campbell Global

Alston & Bird client CatchMark Timber Trust Inc. has agreed to acquire 1.1 million acres of prime East Texas timberlands for approximately $1.39 billion, making it one of the largest U.S. timberland transactions in a decade.

Leading a joint venture of institutional investors, including BTG Pactual Timberland Investment Group, Highland Capital Management, Medley Management Inc., and a major Canadian institutional investor, CatchMark is purchasing the property from Campbell Global, which is acting on behalf of the property’s institutional owners.

The transaction, which will more than triple the number of acres under CatchMark’s control and management, is expected to be completed within 45 to 60 days, subject to customary closing conditions.

A self-administered and self-managed, publicly traded REIT, CatchMark is a New York Stock Exchange-listed company that began operations in 2007 and owns interests in approximately 514,100 acres of timberlands in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee, and Texas.

Advising CatchMark is an Alston & Bird team led by partners Justin Howard (Corporate & Business Transactions), Alison Jones (Real Estate & REITs), Scott Kitchens (Corporate & Business Transactions), and Matt Wrysinksi (Finance).
Media Contact
Alex Wolfe
Communications Director

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