Assets to be managed for both carbon capture
and timber products
NEW
YORK, Dec. 5, 2024 /PRNewswire/ -- J.P. Morgan
Asset Management today announced that institutional investors
advised by the firm's wholly-owned timber investment manager,
Campbell Global, have led the acquisition of 40,800 productive
acres of high-quality, commercial timberland located on the Olympic
Peninsula in northwest Washington
state. The firm has named the property Tyee to acknowledge
the Cascadia region's indigenous
Native American history.
Campbell Global was acquired by J.P. Morgan Asset Management in
2021 and is recognized as a pioneer in timberland management,
having managed more than five million acres worldwide for pension
funds, foundations and other institutional investors since
inception.
Tyee will be continuously managed for both carbon capture and
timber production to meet growing demand for sustainable building
products and other uses. Some details of the property include:
- 100% certified in accordance with Sustainable Forestry
Initiative standards.
- Over 360 miles of streams – 165 miles with fish presence.
- Approximately 6,500 acres of streamside riparian areas managed
to preserve water quality.
- Mosaic of diverse wildlife habitats for northern spotted owl,
bald eagles, osprey, deer, elk, bear and numerous species of
salmon.
- Approximately 20 million standing trees of different ages and a
wide variety of species including Western Hemlock, Douglas Fir,
Sitka Spruce, cedar and alder.
- Future Operations will provide living wage employment
opportunities for residents in rural communities on the
peninsula.
"We are pleased to add Tyee to our timberland portfolio,
expanding our footprint in the PNW where we have more than 40 years
of experience. The acquisition of Tyee helps us provide new
investments in sustainable forestry to our clients," said
Angie Davis, President of Campbell
Global.
About Campbell Global
Acquired by J.P. Morgan Asset
Management in 2021, Campbell Global, LLC is a worldwide investment
manager focused on timberland. Based in Portland, Oregon Campbell Global is recognized
as an authority on both forest management and timberland investing,
with over three decades of experience in timberland management and
value creation. A pioneer in the field, they manage more than 1.4
million acres worldwide for pension funds, foundations and other
institutional investors since inception.
For more information, visit www.jpmorgan.com/am
About J.P. Morgan Asset Management
J.P. Morgan Asset
Management is a global leader in alternatives, with over 60 years
of experience managing alternative investments, including real
estate, private equity, private credit, liquid alternative
products, infrastructure, transport, hedge funds, and forestry. As
of September 30, 2024, J.P. Morgan oversees more
than $400 billion in alternative assets.
With $3.5 trillion in assets under management as
of September 30, 2024, J.P. Morgan Asset Management serves
institutions, retail investors, and high-net-worth individuals
across every major market globally. The firm offers comprehensive
investment management services in equities, fixed income,
alternatives, and liquidity.
For more information, visit www.jpmorgan.com/am
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SOURCE J.P. Morgan Asset Management