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10/14/24
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In a large-scale land trade in Texas, SE Texas Opportunity Fund LLC, led by Managing Partner Christopher Boone, acquired 41,139 acres of timberland in Southeast Texas' Piney Woods. The transaction, which spanned 96 tracts across Trinity, Polk, San Jacinto, and Montgomery Counties, featured over 2.3 million tons of merchantable timber consisting mostly of managed pine plantation.
Stapleton Group was the receiver for the land, which had been held for generations and was actively managed by F&W Forestry Services and American Forest Management. The offering attracted substantial interest from a diverse pool of investors.
Edge Capital Markets and Sealy Real Estate Services brokered the sale. According to Joe Fleming of Sealy, the market's valuation of the raw land exceeded their expectations and emphasizes the growing momentum of timberland as an asset class, particularly in East Texas.
In a separate transaction involving the same seller, J. Alan Kent Development purchased 411 acres on FM 1097 in Montgomery, TX. The parcel is located near scenic Lake Conroe and across from the Bentwater master-planned community. The land is expected to be used for a planned residential development of 1,000 to 1,200 lots.
Charles Blaschke and Logan Havel of Edge Realty Partners represented the seller, Forest Timber Ltd, while David Alexander and Josh Cheatham of Newcor repped the buyer.
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