Hancock Natural Resource Group, a Manulife Investment Management Company, has completed the acquisition of approximately 149,000 acres of timberlands in southern Oregon from Weyerhaeuser Company. The firm has acquired more than 200,000 acres of quality timberlands in southern Oregon since 2017. This most recent acquisition is aligned with Manulife Investment Management's goals to provide additional opportunity for investors within private markets across timber, agriculture, infrastructure, real estate and private equity and credit.
"We believe these forests have been well-managed and are attractively stocked with Douglas-fir and white woods timber. The customer base for the timber are leading forest product companies who manufacture veneer, plywood, engineered wood products and lumber," said Tom Sarno, global head of timberland investments, Hancock Natural Resource Group. "We look forward to managing these forests in a manner consistent with our commitment to stewardship of people and the environment alongside our contractors, recreational users and other community stakeholders in southern Oregon."
The parcels are located in Coos, Curry, Douglas and Josephine counties and will be managed by Hancock Forest Management, Hancock Natural Resource Group's integrated property management group.
Hancock Natural Resource Group manages approximately 635,000 acres of timberland in Oregon, 1.4 million acres in the greater Pacific Northwest and Inland Northwest region and 5.6 million acres globally.
Hancock Natural Resource Group (HNRG) is part of Manulife Investment Management's comprehensive Private Markets platform, which includes Private Equity and Credit, Infrastructure, Real Estate, Timber and Agriculture. HNRG's timber division manages approximately 5.6 million acres of timberland across the United States and in Canada, New Zealand, Australia, and Chile.
