The Ontario Teachers’ Pension Plan Board Assumes Direct Ownership of 870,000 Acres in U.S. South

The Ontario Teachers’ Pension Plan Board (Ontario Teachers’) has announced that it has completed a redemption transaction, where Tamarack Timberlands LLC, an investment vehicle owned by Ontario’s Teachers, has assumed the direct ownership of approximately 870,000 acres of timberland in the U.S. South.

The large-scale timberland portfolio comprised of high-quality Loblolly pine is spread throughout the U.S. South and is third-party certified to the Sustainable Forestry Initiatives (SFI) standards. The timberland portfolio provides significant diversification benefits to Ontario Teachers’, including diversity of locations, customers, and tree age classes.

Ontario Teachers’ has invested in these timberland assets indirectly since 2006 through a material ownership interest in a larger timberland investment vehicle. The transaction will give Tamarack Timberlands LLC full control and governance of the assets and create greater opportunities to implement long-term value creation initiatives. Resource Management Service, LLC (RMS), one of the world’s largest providers of timberland investment services, will continue to act as the timberland investment manager for the asset.

Ontario Teachers’ Natural Resources department has a global, diversified portfolio of private natural resource investments in energy, metals, timberland, agriculture, aquaculture, and natural climate solutions, with timberland assets across the U.S., Canada, and New Zealand.