For the first time in over 80 years, the highly respected Clallam Tree Farm, a highly esteemed timberland portfolio on the Olympic Peninsula, has been put up for sale. The sale presents an unparalleled opportunity for timberland investors.
Known as Project Teal, the property spans a substantial 115,250± acres, segmented into three primary investment units:
- North Clallam Unit (40,800± acres)
- South Clallam Unit (36,985± acres)
- Jefferson Unit (31,344± acres)
A fourth unit, the Joyce Unit, located near the milling and export hub of Port Angeles, allows bidders for the primary sections a chance to propose on it as well.
A Closer Look at the Makeup of Project Teal
These timberlands in the Pacific Northwest are abundant and rapidly growing, showcasing a diverse coniferous forest dominated by planted Douglas fir and western hemlock. There are also western red cedar and Sitka spruce mixed in closer to the coast, Noble and Silver fir at higher elevations, and stands of commercial hardwoods found throughout the asset.
Project Teal, nestled in the Western Olympic Peninsula, stands as a prime location for timberland growth in North America. With meticulous management and cutting-edge tree genetics, this property offers a legacy of sustainable forestry practices that will benefit future owners for generations to come.
Investment Opportunities and Benefits
Project Teal boasts a unique combination of robust biological growth and a diverse ecosystem comprised of varied plant and animal species. The property offers a lucrative opportunity for investors interested in timber, carbon, and conservation initiatives.
The property is strategically positioned near eight prominent watersheds, extending from the Hoko River watershed in the north to the Clearwater River watershed in the south. It is also advantageously positioned around local log markets bolstered by a lucrative Asian log export business and growing Canadian export prospects. The project will help to meet the high demand in a supply-crunched British Columbia region
The sale of Project Teal is conducted through a single-stage, sealed bid process. Qualified bidders will be granted access to the property and a virtual data room filled with detailed due diligence materials, opening in April 2024, with bids closing in June 2024.
Source: Landvest Project Teal