Catchmark's triple t joint venture reaches definitive agreement on sale of 301,000 acres of prime east texas timberlands

Atlanta  , july 30, 2021 /prnewswire/ -- catchmark timber trust, inc. (nyse: ctt) today announced its triple t joint venture has reached a definitive agreement with a client of the hancock natural resource group, inc., a manulife investment management company, to sell 301,000 acres of prime east texas timberlands for approximately $498 million in cash, or approximately $1,656 per acre. catchmark serves as the asset manager and general partner of the venture on behalf of a consortium of institutional investors.
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