Molpus Woodlands Group Announces the Purchase of 112,238 acres of Timberland in New York

The Molpus Woodlands Group, LLC (Molpus), a timberland investment management organization (TIMO), headquartered in Jackson, Mississippi, has announced today, on behalf of a client, the successful purchase of approximately 112,238 acres of timberland in the north-central Adirondack Park area of upstate New York.

The property, located in three counties, has been in timber production for more than 100 years and is located in a vibrant hardwood sawtimber and pulpwood market area. The majority of the property falls within the Adirondack Park Reserve. Molpus currently maintains an office in Saranac Lake, New York, to oversee the management of an additional 161,000 acres in this area.

“We are pleased to expand our existing operations in upstate New York,” said Ken Sewell, Chief Operating Officer of Molpus Timberlands Management. “We will use our existing expertise in this region to practice high-quality stewardship with particular attention to conserving resources and the diversity of the forest.”

State Department of Environmental Conservation (DEC) Commissioner Joe Martens said, “Governor Cuomo has demonstrated that New York is Open for Conservation and Business, and we welcome Molpus’s investment in our state’s excellent timber resources. The acquisition of 112,000 acres of Adirondack Timberlands by Molpus, that is subject to a working forest conservation easement held by DEC, demonstrates that sustainable forest management is good business and benefits Adirondack communities, businesses and visitors.”

Molpus currently has 1,650,000 acres under management, valued in excess of $1.5 billion.

_______________________________________ 

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 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 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 optimal cash returns on investments while practicing responsible forest stewardship. Molpus currently manages approximately 1.6 million acres of timberland investments located in seventeen states.

Nothing herein constitutes an offer to sell or a solicitation of an offer to subscribe for or buy any security with respect to any fund.