JACKSON, Miss.--(EON: Enhanced Online News)--The Molpus Woodlands Group, LLC (Molpus), a timberland investment management organization headquartered in Jackson, Mississippi, 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 installments starting in October 2013.
“We look forward to adding another property under management in the Alabama area”
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,” said 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.”
Molpus currently manages approximately 1.5 million acres of timberland investments in seventeen states and employs ninety-seven people in its fifteen offices operating in Alabama, Arkansas, Florida, Georgia, Idaho, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, New York, North Carolina, Oklahoma, Pennsylvania, Tennessee, Texas, and Virginia.
The Molpus Woodlands Group, LLC, a Registered Investment Advisor, was founded in 1996 as a Timber Investment Management Organization (TIMO) and has a company legacy dating back to 1905. With its sister operating company, Molpus Timberlands Management, LLC (collectively, Molpus), Molpus is one of the oldest timber-related companies in the nation, with experience in all facets of timber management, manufacturing, and marketing. Molpus is one of the few TIMOs that have all of their core businesses and forestry functions handled or supervised by in-house experts.
Molpus acquires, manages, and sells timberland as an investment vehicle for pension funds, college endowments, foundations, insurance companies, and high net-worth individual investors. The company focuses on ensuring long-term optimal cash returns on investments while practicing responsible forest stewardship. Molpus currently manages approximately 1.5 million acres of timberland investments located in seventeen states. For more information, visit http://www.molpus.com/.