Eastwood Forests Purchases 20,580 Acres of Forestland in Virginia and West Virgina

Eastwood Forests, LLC recently completed its acquisition of approximately 20,580 acres of forestland in Virginia and West Virginia, adding to its Climate Smart Forestry Fund portfolio. The Big Timber Property is located in the heart of Appalachia, in both Tazewell County, Virginia, and McDowell County, West Virginia.

The acquisition follows Eastwood’s purchase of 92,000 acres in upstate New York in early February.

The well-stocked Big Timber Property supports Eastwood’s commitment to sustainable forest management and climate change mitigation, balancing forest conservation with the economic growth of the region, the company said.

In the announcement, Eastwood CEO Alex Finkral said:

“Our team has notable depth in the Appalachian region, with significant direct experience in forest management and wood products markets. These forests are some of the most productive and diverse in the US, presenting interesting management challenges and exciting opportunities.”

Prab Dahal, Vice President of Transactions, said:

“With an inventory above the regional average, and diverse regional markets, Big Timber is an excellent fit for the Climate Smart Forestry Fund.”