Lusk Timberlands
Data room opens on November 20, 2019.
Bids due February 5, 2020.
THE OFFERING
American Forest Management, Inc. (AFM) has been retained to solicit sealed bids for approximately 11,774± GIS acres of land and timber located in Montgomery and San Jacinto Counties, Texas, known as Lusk Timberlands. This unique property will be offered for sale in its entirety as a lump sum, single-phase event.
THE PROPERTY
Lusk is located approximately 37 miles northeast of Houston, Texas, almost midway between Interstate 45 and Highway 59. The property is perhaps one of the few remaining large, contiguous blocks of land close to the metropolitan area of Houston.
Bordered by the Sam Houston National Forest, the acreage is unencumbered by conservation easements or supply agreements. The Houston Metro Region is one of the fastest growing economic regions in the world. To facilitate this growth, 11 counties in the region, including Montgomery and San Jacinto, have collaborated to promote industry and master planned communities.
Lusk is currently managed for timber production and recreational use. The property benefits from excellent practical access for forest operations through a combination of public and private roads. Internal access to the timber stands is through a network of improved woods roads. The timber stands offer favorable operability with near-term commercial harvest activity. The property is within short haul distances of multiple domestic customers.
Approximately 79% of the acreage is currently classified as suitable for pine plantation management. The cover types are summarized as:
• 7,719± acres of pine plantations
• 1,549± acres of recent pine cutover
• 329± acres of natural pine/pine-hardwood
• 1,681± acres of hardwood
• 496± acres of non-forest land
The upland acreage has a diverse age class distribution of pine plantations, with an average plantation age of 13 and overall site index of 73 feet (base age 25).
The plantation acreage includes:
• 3,518± acres of merchantable pine plantations (≥12 years of age) with an average age of approximately 23.4 years and overall average site index of 65 (base age 25). These acres carry approximately 244,500 tons of pine volume equating to 70 tons per acre.
• 4,201± acres of premerchantable pine plantations (<12 years of age) with an average age of approximately 4.3 years and an average overall site index of 79 (base age 25).
DATA ROOM
AFM has set up an electronic data room containing information for bidders to use as they evaluate the property. All prospective bidders who execute a Non-Disclosure Agreement (NDA) will be granted access to the data room. The data room will be accessible to prospective bidders starting November 20, 2019.
OFFERING PROCESS
Lusk Timberlands is being presented for sale in its entirety, as a single stage, lump sum sealed bid event, with no further option to subdivide. Prospective bidders are invited to participate in the process upon execution of the NDA. Final bids will be due February 5, 2020.
CONTACT INFORMATION
Non-Disclosure Agreements should be returned to Tom Margo. Questions should be directed to:
Eric Gage
Texas Region Broker in Charge
American Forest Management, Inc.
1406 Turtle Creek Drive
Lufkin, TX 75904
C: (936) 676-7034
O: (903) 534-9541
E: [email protected]
Tom Margo
Director of Investment & Real Estate Services
American Forest Management, Inc.
8702 Red Oak Blvd. – Suite C
Charlotte, NC 28217
O: (704) 527-6780, Ext. 314
C: (478) 232-8833
E: [email protected]
Property Documents
All information is assumed to be accurate and substantially correct but no assumptions of liability are intended. Neither the seller nor the agent or representatives warrant the completeness or accuracy of the information. Seller does not guarantee timber volumes, values, acreages (total, woodland/cropland, stand or otherwise), tree ages or the condition and/or function of any improvements, including but not limited to all buildings, machinery, appliances, wells, equipment, livestock and ponds. No representations or warranties are expressed or implied as to the property, its condition, boundaries or logging feasibility. Prospective buyers should satisfy themselves as to the accuracy of this information.