Timberland Investment
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Timberland Investment
Timber Industry | Deals & Transactions | Investment Rationale | Financial Performance | Investors | Asset Managers
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Prudential Agricultural Investments announces leadership change

Prudential Agricultural Investments announces leadership change | Timberland Investment | Scoop.it

Jess Jarratt has been named the new president of Prudential Agricultural Investments, succeeding Charles Allison, who has retired after 24 years with the company. PAI is the $3.9 billion agricultural debt and equity business of Prudential Mortgage Capital Company, which is one of the largest commercial mortgage businesses in the United States and a business of Prudential Financial, Inc. (NYSE:PRU).


In addition, the business announced it has hired Matt Ciaschini, naming him to the new role of chief investment officer-agricultural equity. Jarratt and Ciaschini join the company--and a leadership team that includes Ray Smith, senior vice president overseeing agricultural lending--as it seeks to expand to meet increased investor demand for agricultural debt and equity related investments. PAI invests on behalf of Prudential's General Account and third party investors.

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Before joining Prudential, Jarratt was president of Wells Real Asset Management Company and director of Wells Timberland REIT. 

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Timberland REIT takes axe to share price

Timberland REIT takes axe to share price | Timberland Investment | Scoop.it
The board of directors of Wells Timberland REIT Inc. on Friday issued an estimated value of $6.56 per share of common stock in the real estate investment trust, which invests in working timberland. The shares were offered to the public at $10 when the REIT was launched in 2006.

The company blamed the 35% drop in value on the still-dismal housing industry but said that the REIT's land holdings are continuing to grow in value.

“While the estimated per-share value of Wells Timberland REIT has been adversely affected by the economic downturn, our strategic forestry management practices have permitted us not only to maintain but also increase the percentage of higher-value timberland,” the company said in a written statement.
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Wells Timberland REIT Receives Georgia Forestry for Wildlife Partner Award

Wells Timberland REIT Receives Georgia Forestry for Wildlife Partner Award | Timberland Investment | Scoop.it

Wells Timberland REIT was today honored by the Georgia Department of National Resources with the Forestry for Wildlife Partner Award. Presented by Georgia governor Nathan Deal, the award was made in recognition of Wells' commitment to helping enhance the Department's wildlife conservation initiatives on the REIT's forestlands.

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Securities Fraud Lawyers Chasing Down Wells Timberland Investors

Securities Fraud Lawyers Chasing Down Wells Timberland Investors | Timberland Investment | Scoop.it

On December 14, 2012, Wells Timberland REIT Inc’s board of directors issued a new estimated value of the real estate investment trust’s common stock. Wells Timberland REIT is now valued at only $6.56 per share.

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If you suffered significant REIT losses as a result of your investment in Wells Timberland REIT, you may have a valid securities arbitration claim. To find out more about your legal rights and options, contact a securities arbitration lawyer...

Sam Radcliffe's insight:

A quick Google search suggests that this site is one of many posted by securities fraud attorneys looking to represent Wells Timberland REIT investors against the sponsor of the REIT and the brokers who sold shares in it.

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Timberland Preemption [opinion]

Timberland Preemption [opinion] | Timberland Investment | Scoop.it

Maybe it's me, but this paragraph from a cover letter to Wells Timberland's annual investor update reads like it's preparing investors for some unpleasant valuation news...

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Timberland's valuation will be subject to a variety of factors, many of which will be company-specific, and not directly related to the timber markets. To me, it looks as if the macro economic outlook for timber, via a housing recovery, is the best it's been in a long time.

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The Rational Realist: TIMMMBER!!!

The Rational Realist: TIMMMBER!!! | Timberland Investment | Scoop.it

Wells Timberland REIT filed an 8-K on Tuesday, January 24th, where it quietly announced that its advisor, Wells Timberland Management Organization, LLC (Wells TIMO) had permanently "discharged" $25.1 million in accrued and unpaid management fees and expense reimbursements.

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