The property is located within six counties in northern Idaho and three counties in eastern Washington, in the vicinity of three fast growing population centers – Spokane, Washington, Coeur d’Alene, Idaho and Sandpoint, Idaho. Located in the timber-rich region known as the Inland West, the property is surrounded by well-developed and well-capitalized sawmill markets. It has been managed on a sustainable basis for decades.
The property is primarily dominated by conifer sawtimber, with a wide range of commercial species – Douglas-fir, western larch, grand fir, alpine fir, western hemlock, western red cedar and ponderosa pine. Molpus currently maintains an office in Coeur d’Alene, Idaho that will assume the responsibilities associated with this new acquisition. The Idaho team will now be managing approximately 163,000 acres.
“We are pleased about this opportunity to expand our existing operational presence and established relationships in this region. We look forward to managing this high quality asset and intend to build on the property’s solid history of forest sustainability and stewardship," said Ken Sewell, Chief Operating Officer.
Molpus currently has 1,900,000 acres under management in eighteen states, valued in excess of $2 billion.
The Molpus Woodlands Group, LLC is a timberland investment management organization headquartered in Jackson, Mississippi.
