New deal U.S. business Eastwood Forests has closed the acquisition of about 20,580 acres (83.3 km2) of forestland in Virginia and West Virginia, adding to the Climate Smart Forestry Fund portfolio.
“The Big Timber Property is located in the heart of Appalachia, in both Tazewell County, Virginia, and McDowell County, West Virginia. This acquisition adds to Eastwood’s momentum in fund deployment with 92,000 acres in upstate New York closed earlier this month,” the business said in a statement.
“Our team has notable depth in the Appalachian region, with significant direct experience in forest management and wood products markets,” said Alex Finkral, the CEO of Eastwood Forests. “These forests are some of the most productive and diverse in the US, presenting interesting management challenges and exciting opportunities.”