Forest Investment Associates L.P. entered into an agreement to acquire 69,600 Acres in Upstate South Carolina from Weyerhaeuser Company (NYSE:WY) for approximately $170 million on November 30, 2023. In a related transaction, Weyerhaeuser Company (NYSE:WY) entered into an agreement to acquire 60,700 acres of high-quality timberlands in Coastal North Carolina, South Carolina and Mississippi from Forest Investment Associates for $163 million on November 30, 2023. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2023.
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- Forest Investment Associates L.P. entered into an agreement to acquire 69,600 Acres in Upstate South Carolina from Weyerhaeuser Company (NYSE: WY) for approximately $170 million.