Green Diamond Adds Timberland Assets to Investment Portfolio in Georgia, Alabama, and Florida
Officials at Green Diamond Management Company, Seattle, announced the purchase of over 41,000 acres of timberland from Domain Timber Advisors of Atlanta, Ga. The timberlands, located in Alabama, Georgia, and Florida, were acquired in partnership with Silver Creek Capital Management of Seattle, and will be managed by Green Diamond.
“As an investor in these lands, we are pleased to partner with Silver Creek to continue to build a portfolio of working forestland in the south and west,” explained Douglas Reed, president of Green Diamond Resource Company and its subsidiary, Green Diamond Management Company. “This acquisition represents a strategic fit with over 360,000 acres of timberland currently managed by Green Diamond in the region,” he continued.
“The addition of these well-managed working forests will allow us to offer increased capacity for our customers,” said Mark Waterman, vice president and general manager of southern timberlands for Green Diamond Management Company.
About Green Diamond Resource Company and Green Diamond Management Company
Green Diamond Resource Company is a privately held forest products company with roots dating back to 1890. Today, the company owns working forest lands in Washington, Oregon and California as well as an interest in the Silver Creek timberland portfolio. A subsidiary, Green Diamond Management Company, provides forest management services in the U.S. South and West in partnership with Silver Creek Capital Management. All lands owned or managed by Green Diamond are independently audited and certified for sustainable forest management.
Patti Case – Media Relations – (360) 790-6182
Source: Green Diamond Resource Company