Tuesday, June 30th, 2009
Institutional Investors Still Investing in Alabama Rural Land
Hancock Timber Resource Group recently purchased approximately 75,000 acres of Georgia and Alabama timberland from the Austin, Texas-based Forestar Group Inc. for $120 million, or roughly $1,600/acre.
“We are very pleased to acquire these highly productive timberland properties on behalf of our investors,” said Daniel P. Christensen, President, Hancock Timber Resource Group. “We continue to seek [...]