SEC Registered Investment Advisor and affiliate of Doman Capital Advisors, LLC, Domain Timber Advisors LLC, with its headquarters in Atlanta, Unites States (U.S.), recently disclosed the acquisition of Timbervest, LLC’s fund management business.
Domain Timber mostly focuses on discretionary investment management of timberland and investments related to timberland for the pension plans of public and private corporations, endowments, foundations, and high-net worth individuals.
The procurement was completed on the 30th of May 2017, and included the acquisition of the Timbervest infrastructure and personnel involved in the management of a 530,000-acre (214,400 hectares) worth about US$1 billion. Additionally, the project is also composed of environmental restoration projects with an estimated US$200 million of market value.
“The Timbervest portfolio is a natural extension of Domain’s real estate investments and provides increasing diversification for our investors,” CEO of Domain Capital Holdings, Patrick R Leardo, said.
“My partners and I were impressed with Domain’s leadership, strategy and management style,” former CEO of Timbervest, Joel Shapiro, said. “We believe this is truly the best result for our investors, our staff and both firms for the future.”