ATLANTA–(Business WIRE)–Jan 25, 2021–
Area Money Group, LLC, a in depth non-public investment decision management providers agency, these days introduced its subsidiary, Area Timber Advisors, closed 78 land gross sales previous year, surpassing its 50 complete transactions in 2019.
The gross sales ranged from two to 10,700 acres, with an common of 470 acres. Of the more than 36,000 acres offered in 2020, most happened in the Southeast though lots of many others were being done in the Northeast, Pacific Northwest and other U.S. timberland regions. Domain Timber has an extra 35 transactions, totaling 16,500 acres of timberland and environmental property, beneath settlement for sale.
“Our file setting 12 months was partly driven by people who wanted to obtain modest, rural tracts outdoors of massive metropolitan areas for varying pandemic-similar motives,” explained Joe Sanderson, managing director of all-natural means at Domain Timber Advisors, LLC, an SEC-registered investment decision advisor. “Due to COVID, there was a considerable boost in out of doors leisure functions, which aided even more raise gross sales. Purchasing interest remains powerful for these styles of qualities and we assume the development to keep on via the initially 50 % of this 12 months.”
In 2020, consumers also integrated adjacent landowners, these interested in lengthier-time period timber management and other people hunting to make homes or subdivisions. In many situations, purchasers sought a combination of property takes advantage of, which includes recreation and timber administration. These qualities are historically effectively-managed forestlands that have been thoughtfully preserved to accommodate various employs.
About Domain Money Group:
Atlanta-based mostly Area Money Team, LLC offers comprehensive personal expenditure management products and services, as a result of its registered financial commitment advisor subsidiaries, to institutions, public and non-public pensions, companies, foundations, endowments and large-net-truly worth men and women. Area Capital Group’s investment specialists are knowledgeable throughout a numerous vary of asset courses and financial investment methods, which include genuine estate, pure assets, media, enjoyment, technological innovation and credit history and other economic services. As of September 30, 2020, Area managed roughly $6.1 billion in total assets by its two registered subsidiaries, Domain Money Advisors, LLC and Domain Timber Advisors, LLC. The belongings are comprised of roughly $5.5 billion in actual estate, debt, option and other property constituting Regulatory Assets Underneath Management (“RAUM”) and a different $664 million in non-RAUM true attributes. You should refer to each registered expense advisor’s most latest Type ADV for added information. For even more details about Domain Cash Group, check out domaincapitalgroup.com.
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Search phrase: Georgia UNITED STATES NORTH The us
Sector Key phrase: Skilled Companies Environment FOREST Products and solutions FINANCE Natural Methods CONSULTING
Resource: Domain Money Group, LLC
Copyright Enterprise Wire 2021.
PUB: 01/25/2021 12:00 PM/DISC: 01/25/2021 12:01 PM
Copyright Company Wire 2021.