Published April 9, 2012
American Timberlands Co., a land investment management firm, has purchased approximately 12,000 acres of forestland in three S.C. counties.
The purchase, made on behalf of the company's American Timberlands Fund II LP, comprises three tracts in Edgefield, Jasper and Kershaw counties.
The company manages approximately 60,000 acres of forestland in South Carolina, including 20,000 acres in Horry County purchased in 2008. It has offices in Columbia and Pawleys Island.
The recent transactions are the first acquisitions for American Timberlands Fund II LP, which closed in December 2011 and expects to invest as much as $100 million in forestland in South Carolina and adjoining states, the company said.
American Timberlands is a land investment management firm organized for the purpose of originating and managing diverse forestland investments. The firm's clients, partners and investors include pension funds, private equity funds and high net worth individuals.