Campbell Global recently acquired more than 250,000 acres of high-quality timberland valued at more than $500 million in the Southeast.
Sustainable Timberland Management
The properties will be managed for both carbon capture and timber production to meet growing demand for sustainable building products and other uses, according to a J.P. Morgan Asset Management press release announcing the acquisition. The properties encompass:
- Over 18 million metric tons of stored CO2 equivalents, including more than half a million metric tons of carbon dioxide equivalent net retained carbon in 2021 alone;
- Approximately 120 million standing trees;
- Over 700 miles of streams protected by 30,000 acres of riparian forests that sustain water resources, providing wildlife habitats and increased biodiversity within the landscape;
- Over 250,000 acres of diverse wildlife habitat for recreational pursuits.
“These acquisitions will give our clients access to sustainably managed forests that leverage our more than 40 years’ experience in timberland management,” said Campbell Global CEO John Gilleland.
“This transaction is one of the largest of its type in the past decade and builds on efforts to expand our asset class . . . by offering investors access to a robust carbon sequestration and timber management platform,” said Anton Pil, J.P. Morgan’s Global Head of Alternatives. “We are committed to harnessing the extensive forest management expertise of Campbell Global to offer our clients the unique ESG benefits associated with timberland assets.”
About J.P. Morgan Global Alternatives
J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than 50 years as an alternatives investment manager and $216 billion in assets under management, J.P. Morgan offers strategies across the alternative investment spectrum including real estate, private equity, private credit, hedge funds, infrastructure, transportation, timber and liquid alternatives.
About J.P. Morgan Asset Management’s Campbell Global
Acquired by J.P. Morgan Asset Management in 2021, Campbell Global, LLC is a worldwide investment manager focused on timberland. Based in Portland, Oregon, Campbell Global is recognized as an authority on both forest management and timberland investing, with over three decades of experience in timberland management and value creation. A pioneer in the field, they have managed more than 5 million acres worldwide for pension funds, foundations and other institutional investors.