DISPOSITIONS

Although we acquire and manage timberland with the focus on creating long-term value, we recognize the need for investor liquidity. We have demonstrated our ability to perform by executing dispositions of over $2.43 billion in 295 transactions.

The first step in The Campbell Group’s exit strategy is the decision to dispose of a parcel. This decision is either based on client objectives, such as cash flow needs or portfolio rebalancing, or as the result of property specific analysis. Property specific analysis includes the annual hold-sell process and our strategic land sale program. Our strategic land sale program focuses on maximizing value for our investors by disposing of parcels that are either isolated, have higher and better use characteristics, or are environmentally sensitive.

Often our sales agreements include multiple parcels in one transaction. Our dispositions represent over 1,160,000 acres of timberland. We have sold timberland to over 300 different buyers. Buyers include major forest products companies, smaller mill operators, individual investors, conservation groups, and federal, state and local governmental agencies.