'Louisiana' in Timberland Investment

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December 5, 2018 4:18 PM

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CatchMark Completes $79.3 Million Sale of Southwest Timberlands

From www.catchmark.com - December 5, 2018 4:18 PM

CatchMark Timber Trust, Inc. (NYSE: CTT) announced today that it had completed the sale of approximately 56,000 acres of timberlands in Texas and Louisiana — the Southwest Region — to Forest Investment Associates (FIA) for $79.3 million. As part of the transaction, CatchMark retains approximately 280,000 tons of merchantable inventory (50% sawtimber/50% pulpwood) to be harvested over the next 18 to 24 months. The per-acre sales price was $1,533, including the timber reservations.

Jerry Barag, CatchMark's President and CEO, said: "As a part of a series of coordinated transactions, the Southwest Region sale has enabled CatchMark to recycle capital and diversify our revenue streams, strengthening our capital position, and advancing our future growth track. We have reduced regional exposure in East Texas, after investing in 1.1 million acres of extremely high-quality timberlands through the Triple T joint venture, and redeployed capital into 18,100 acres of prime Pacific Northwest timberlands through the Bandon acquisition — both transactions completed during the summer. Proceeds from the Southwest Region sale are being used to repay debt incurred to fund the Triple T and Bandon investments."

The Southwest Region portfolio, located across counties in East Texas and western Louisiana, was acquired by CatchMark in four separate transactions during 2014 and 2015.

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February 28, 2018 12:43 PM

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New $115M sawmill planned in heart of Louisiana timber county

From www.thenewsstar.com - February 28, 2018 12:42 PM

Hunt Forest Products of Ruston and its Canadian partner Tolko Industries will build a $115 million sawmill in LaSalle Parish in the heart of Louisiana timber country.

The project will eventually create more than 100 direct permanent jobs.

“We are excited to be bringing a high-tech sawmill, and the skilled jobs it will provide, to central Louisiana, and to provide a local outlet for the massive inventory of southern yellow pine that exists in this region,” said James D. Hunt, co-owner and vice chairman of Hunt Forest Products.

“We believe this is the right project, in the right place, at the right time,” Hunt said. “This will boost the local economy, bring a new generation of sawmill technology to our state, and provide a much-needed outlet for central Louisiana timber."

Gov. John Bel Edwards said the new plant will create economic development waves throughout the region.

“This project is a great economic boost to the center of the state, in the heart of our historic timber industry, and it will help create hundreds of direct and indirect jobs across the forestry, industrial services and retail sectors in Urania and LaSalle Parish,” Edwards said.

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August 28, 2013 9:12 AM

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Cool Planet to build 3 biorefineries in Louisiana

From biomassmagazine.com - August 28, 2013 9:12 AM

Louisiana Gov. Bobby Jindal and Cool Planet Energy Systems President and CEO Howard Janzen have announced the company will build three biorefineries in Louisiana with a capital investment of $168 million. The project will consist of modular biomass-to-gasoline refineries in Alexandria, Natchitoches and a site to be determined.

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Cool Planet will begin construction in January 2014, with the first site at the Port of Alexandria beginning operations in late 2014. Construction will begin on the second biorefinery at the Port of Natchitoches by the summer of 2015, with a completion date in the summer of 2016. The third site is scheduled to come online in late 2016 at a Louisiana site to be determined.

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Cool Planet will harvest wood waste and forest byproducts to make gasoline at its initial commercial-scale facilities in Louisiana. Each biorefinery will be capable of producing 10 million gallons of high-octane, low-vapor pressure gasoline for strategic distribution through existing market channels and for blending at Louisiana refineries. The fuel will be compatible for use in existing vehicles on the road today. The company’s business model calls for developing 400 of the micro-refineries across the U.S. in the next decade.

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Using a proprietary process, Denver-based Cool Planet also will market biochar, a byproduct of the refining process that will be used as an agricultural supplement to boost water retention and reduce carbon released from crops. This process makes Cool Planet’s overall production cycle a carbon-negative process – meaning the project will achieve a net reduction of greenhouse gases.

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Cool Planet’s production plants will be 100 times smaller than a typical oil refinery, but the company’s largely prefabricated systems can be moved near concentrated biomass sources, reducing transportation costs and increasing efficiency. Those savings will enable the company to produce gasoline that’s competitive with oil refineries at prices as low as $50 per barrel while eliminating the need for government fuel credits or subsidies

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August 22, 2018 3:36 PM

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In Separate Transactions, CatchMark Agrees to Acquire 18,063 acres of Prime Oregon Timberlands; Also Agrees to Sell 56,000-acre Southwest Region Portfolio, Retaining 370,000 Tons of Merchantable In...

From www.marketwatch.com - August 22, 2018 3:36 PM

In the company's first Pacific Northwest transaction, CatchMark Timber Trust, Inc. announced today an agreement to acquire 18,063 acres of prime Oregon timberlands for $88.8 million from Forest Investment Associates (FIA). The to-be-acquired timberlands — known as the Bandon Property — are strategically situated within the Douglas fir/western hemlock zone between the Coos Bay markets and Roseburg mills approximately 150 miles southwest of Portland.

Separately, CatchMark announced an agreement to sell 56,000 acres of timberlands in Texas and Louisiana — the Southwest Region — to FIA for $78.5 million. CatchMark will retain approximately 370,000 tons of merchantable inventory (52% sawtimber/48% pulpwood) to be harvested over the next 18-24 months. The per-acre sales price is $1,533 when including the timber reservations.

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Bandon features the high-quality stocking characteristics and sustainability attributes CatchMark seeks in expanding its timberland investments:

Merchantable stocking of 4.2 MMBF/gross acre (32 tons/acre) provides a five-year average harvest of 10.3 MMBF per year (79,000 tons per year).
Merchantable inventory of 87% commercial conifers, including 77% Douglas fir compared to a 65%-70% regional average.
A strong balance of merchantable timber and pre-merchantable acres helps ensure long-term sustainability.
More than 90% of the expected five-year average harvest volume will be derived from sawtimber.
Exposure to a highly desirable wood basket with tight supply-demand dynamics and both domestic and international market exposure.

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The Southwest Region portfolio, located across several counties in East Texas and western Louisiana, was acquired by CatchMark in four separate transactions during 2014 and 2015. The property is comprised of 79% pine and 21% hardwood by acres and 1.8 million tons of merchantable inventory, consisting of 51% sawtimber and 49% pulpwood. After accounting for the timber reservation, the completed disposition would decrease the company's average annual harvest volume by approximately 134,000 tons over the next five years.

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November 4, 2014 9:34 AM

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CatchMark buys Louisiana timberlands from Hancock

From www.bizjournals.com - November 4, 2014 9:34 AM

CatchMark Timber Trust Inc. bought 21,300 acres of timberland in southwest Louisiana from Hancock Natural Resource Group for $38.5 million.

With this purchase, the Atlanta-based real estate investment trust has acquired this year 121,500 acres of timberland throughout the South, expanding its timberland holdings by 44 percent and increasing its projected annual harvest volume in the range of 49 percent to 55 percent, or 540,000 to 590,000 tons.

Prentiss & Carlisle's insight:

$1,807 per acre

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