J.P. Morgan’s Campbell Global Acquires 40K Acres in the PNW

J.P. Morgan Asset Management announced that institutional investors advised by the firm’s wholly-owned timber investment manager, Campbell Global, have led the acquisition of 40,800 acres of commercial timberland located on the Olympic Peninsula in northwest Washington state.

The firm has named the property Tyee to acknowledge the Cascadia region’s indigenous Native American history. Campbell Global was acquired by J.P. Morgan Asset Management in 2021 and is recognized as a pioneer in timberland management, having managed more than five million acres worldwide for pension funds, foundations and other institutional investors.

Tyee will be continuously managed for both carbon capture and timber production to meet growing demand for sustainable building products and other uses. Approximately 6,500 acres of streamside riparian areas managed to preserve water quality.

“We are pleased to add Tyee to our timberland portfolio, expanding our footprint in the PNW where we have more than 40 years of experience. The acquisition of Tyee helps us provide new investments in sustainable forestry to our clients,” said Angie Davis, President of Campbell Global.

The post J.P. Morgan’s Campbell Global Acquires 40K Acres in the PNW appeared first on Connect CRE.