Catchmark completes $100 million sale of oregon timberlands to roseburg resources co.

Atlanta, aug. 11, 2021 /prnewswire/ -- catchmark timber trust, inc. (nyse: ctt) today announced that it had completed the sale of 18,063 acres of prime oregon timberlands – known as the bandon property – for $100 million in cash, or approximately $5,536 per acre, to roseburg resources co. the property had been purchased in august 2018 for $88.8 million or $4,916 per acre. the company recognized a gain on the sale of approximately $23 million.
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