Molpus Woodlands Group Announces Purchase of Tennessee Timberland

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.