The projects, a record number of active restoration ventures for Timbervest, are comprised of mitigation and conservation banks that generate money through the sale of credits to companies, municipalities and other entities that have adversely impacted the environment. These banks enable Timbervest to restore, preserve or create habitats set aside permanently for wildlife.
Most recently, Timbervest formed the San Luis Rey Wetland Mitigation Bank in San Diego County, California. The project will turn a 54-acre agricultural field into a wetland habitat, offsetting the environmental impact of local developments.
“Timbervest built a robust portfolio of environmental restoration projects because they are consistent with our company’s mission of stewarding natural resources responsibly,” said Joel Shapiro, CEO of Timbervest.
Over $200 million of Timbervest’s investment portfolio, which includes nearly 600,000 acres of timberland valued at more than $1 billion, is dedicated to ecosystem restoration initiatives, also known as Crossover AssetsTM. Timbervest is among the largest investment managers within this asset class in terms of both assets under management and number of projects.
Atlanta-based Timbervest currently manages nearly 600,000 acres of timberland, timber-related assets and other real estate investments with a market value of more than $1 billion.