Investment firm Domain Capital Group LLC of Atlanta and its subsidiary, Domain Timber Advisors LLC, announced the sale of nearly 2,900 acres of timberland in Arkansas.
The firm did not disclose the cost of the transaction or the buyer.
In a news release, Domain Capital said the properties in Hot Spring, Grant, Jefferson and Pulaski counties were acquired earlier this year because they met the company’s core investment criteria, which focuses on smaller, non-contiguous properties with potential for significant biological growth and income.
The properties were sold via an unsolicited, off-market process.
Closing of the transaction puts Domain Timber on pace for 75 sales from multiple accounts in 2023, encompassing more than 17,500 acres.
“We believe the sale of the Arkansas assets is a clear example of the firm’s strategy to achieve returns above traditional core timberland through the implementation of opportunistic land sales and other value-add initiatives,” Peter Walker, vice president of investments and timberland assets at Domain Timber, said in the release.
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