On behalf of the Hancock Natural Resource Group, LandVest is pleased to bring to market Cherry Springs Timberlands, 21,294 acres± situated in the Allegheny region of Pennsylvania and New York, an area renowned for high quality hardwood saw timber. Configured in several non-contiguous tracts, this investment features significant volumes of Allegheny and northern hardwoods including black cherry, maples and oak.
Numerous timber markets and all types of forestry service providers abound in the Allegheny region. The value proposition of the investment includes strong ongoing cash flows from forest operations and recreational leasing balanced by capital appreciation from continued long-term forest management.
Cherry Springs is being offered on a wholesale basis as a single stage sealed bid event. Property documentation will be available to registered participants on October 6, 2014 via a secure data room. To register, execute the Confidentiality Agreement in the data room and return to David Speirs at email@example.com or fax to 207-774-5845. Bids will be due Thursday, December 4, 2014.
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