The Molpus Woodlands Group has, on behalf of a client, entered into an agreement to purchase approximately 73,000 acres of timberland located north, east, and west of Birmingham, Alabama.
The close of the purchase is set to occur in instalments starting in October 2013.
The timberland, located in thirteen counties, consists of well-stocked loblolly pine plantations distributed among all age classes. Molpus currently maintains an office in Hoover, Alabama, to oversee the management of approximately 161,000 acres purchased earlier in the Birmingham area.
“We look forward to adding another property under management in the Alabama area,” says Molpus Woodlands Group President, Dick Molpus. “These properties represent a high-quality timberland investment within a competitive timber market, and they offer strong recreational opportunities to the region as well.”