Now managing over 1 million acres across the U.S. Southwest on behalf of clients
Manulife Investment Management (Manulife IM), a company of Manulife Wealth & Asset Management, announced today the closing of a Louisiana timberland transaction on behalf of a client. Under the terms of the agreement, Manulife IM, the world's largest timberland investment manager,1 acquired approximately 50,000 pine timberland acres in southwestern Louisiana, expanding acreage under management in Arkansas/Louisiana/Texas/Oklahoma to over one million acres. The timberlands are near existing Manulife IM managed timberland assets and are well placed to be incorporated into ongoing regional operations.
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“Our team has extensive experience in this region, allowing us to provide key insights that validated our investment philosophy for this transaction,” said Tom Sarno, global head of timberland investments, Manulife IM. “We believe the assets are well positioned to benefit from the established markets, reliable off takers, and favorable timber growth attributes complemented by the recently announced mill investments in the region. We look forward to deploying our expertise managing the property on behalf of our client.”
Manulife IM sustainably manages approximately 5.6 million acres of timberland acrossthe United States,Canada,New Zealand,Australia,Brazil, andChile, representing $11.7B AUM, as part of its comprehensive private markets strategy including agriculture, infrastructure, private equity and private credit and real estate.2
About Manulife Wealth & Asset Management
As part of Manulife Financial Corporation, Manulife Wealth & Asset Management provides global investment, financial advice, and retirement plan services to 19 million individuals, institutions, and retirement plan members worldwide. Our mission is to make decisions easier and lives better by empowering people today to invest for a better tomorrow. As a committed partner to our clients and as a responsible steward of investor capital, we offer a heritage of risk management, deep expertise across public and private markets, and comprehensive retirement plan services. We seek to provide better investment and impact outcomes and to help people confidently save and invest for a more secure financial future. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
Media Contact:Elizabeth BartlettElizabeth_Bartlett@Manulife.com
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SOURCE Manulife Wealth & Asset Management
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