CatchMark acquires timberland in Louisiana

CatchMark Timber Trust Inc., an Atlanta-based real estate investment trust that invests in timberland, has acquired 21,300 acres in southwest Louisiana.

CatchMark said it purchased the land for $38.5 million from Hancock Natural Resource Group.

Last month, CatchMark closed on deals to acquire about 55,600 acres mostly in Middle and South Georgia, with a small portion in north Florida. The company paid $111 million for the timberland.

So far this year, the REIT has acquired about 121,500 acres. The company owns timberland in Georgia, Alabama, Florida, Louisiana and Texas.

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