The property is comprised of high-quality northern hardwoods that have been well-managed and is located in a very strong timber market. The property also includes a significant volume of high-quality merchantable timber, which can be harvested over the next few years.
The acquisition is part of Keweenaw’s strategy of acquiring and managing quality timberland properties in the Lake States Region for long-term growth and capital appreciation. With this acquisition, Keweenaw will own and manage over 167,000 acres in the western Upper Peninsula of Michigan and northern Wisconsin.
Keweenaw Land Association, Limited is a forest products and land management company located in Ironwood, Michigan.
