Campbell Global Acquires 40,800 Acres of Timberland in the Pacific Northwest

On Thursday, JP 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 productive acres of high-quality, 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.

According to the announcement, Tyee property will be continuously managed for both carbon capture and timber production to meet growing demand for sustainable building products and other uses. Some details of the property include the following:

• 100% certified in accordance with Sustainable Forestry Initiative standards
• Over 360 miles of streams, 165 miles with fish presence
• Approximately 6,500 acres of streamside riparian areas managed to preserve water quality
• Mosaic of diverse wildlife habitats for northern spotted owl, bald eagles, osprey, deer, elk, bear, and numerous species of salmon
• Approximately 20 million standing trees of different ages and a wide variety of species including Western hemlock, Douglas fir, Sitka spruce, cedar, and alder
• Future operations will provide living-wage employment opportunities for residents in rural communities on the peninsula

Commenting on the Tyee acquisition, Campbell Global President Angie Davis said:

“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.”