Green Diamond Adds Timberland in Northeast Alabama
Green Diamond Management Company officials in Seattle announced the purchase of over 92,000 acres of timberland in five Northeast Alabama counties from Sustainable Woodlands Fund, LP and its timberland manager, The Molpus Woodlands Group LLC, Jackson, MS. The transaction, in partnership with Silver Creek Capital Management of Seattle, comes on the heels of another 41,000 acres purchase in the US South, bringing the venture’s total land ownership in the region to ½ million acres.
“In the past year, our company’s investments in timberland have grown substantially, thanks in part to our partnership with Silver Creek,” stated Douglas Reed, president of Green Diamond Resource Company and its subsidiary, Green Diamond Management Company. The subsidiary started up January 2, 2018 as property manager for Silver Creek. “We have established a significant presence in the US South in addition to our long-standing operations on the West Coast,” he continued.
Mark Waterman, vice president and general manager of southern timberlands for Green Diamond Management Company, expressed his pleasure in the organization’s growth. “This transaction adds capacity and flexibility in serving the needs of our customers,” he said.
About Green Diamond Resource Company & 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.
About Silver Creek Capital Management
Silver Creek is an alternative investment boutique with a focus on private credit, hedge fund and real asset strategies. The firm specializes in developing highly structured, unique investment solutions for a global client base which includes public and corporate retirement plans, insurance companies, foundations, endowments and family offices that seek to access these asset classes. With a history beginning in 1994 and based in Seattle, Wash., Silver Creek currently has $7.2 billion in assets under management and committed capital.
Patti Case – Green Diamond Resource Company – (360) 790-6182
Source: Green Diamond Resource Company