J.P. Morgan's Campbell Global Expands Timberland Holdings in the Pacific Northwest

In a significant move aimed at enhancing its sustainable investment portfolio, J.P. Morgan Asset Management announced the acquisition of 40,800 acres of premium timberland located on Washington State's Olympic Peninsula. The acquisition, implemented through its dedicated timber investment manager Campbell Global, marks a noteworthy expansion for J.P. Morgan, which has been diligently building its green investment strategy over the years.

The newly acquired property, named Tyee, reflects the rich indigenous heritage of the Cascadia region. This move not only contributes to J.P. Morgan's ambitious sustainability goals but also underscores its longstanding commitment to responsible forestry practices. Since being fully acquired by J.P. Morgan in 2021, Campbell Global has been recognized as a leader in timberland management and has successfully managed over five million acres for various institutional investors globally.

Tyee will be actively managed to serve dual purposes: promoting carbon capture and producing timber products to cater to the growing demand for environmentally-friendly building materials. This initiative aligns perfectly with the rising trends in sustainable construction and reflects a conscientious effort towards environmental stewardship.

Property Highlights:

1. Sustainable Certification: The entire Tyee property is certified in accordance with Sustainable Forestry Initiative (SFI) standards, ensuring that it meets rigorous sustainability criteria.
2. Aquatic Ecosystems: Over 360 miles of streams traverse the land, including 165 miles where fish populations thrive, demonstrating a commitment to aquatic ecosystem health.
3. Wildlife Diversity: The area encompasses approximately 6,500 acres of protected streamside habitats that are crucial for maintaining water quality and supporting diverse wildlife, including the northern spotted owl, bald eagles, deer, elk, and various salmon species.
4. Timber Resources: Tyee boasts around 20 million standing trees of various ages and species, such as Western Hemlock, Douglas Fir, Sitka Spruce, and cedar, indicating a rich forest environment.
5. Local Economic Growth: Future operations on the property are expected to provide living wage job opportunities for people in local rural communities, furthering J.P. Morgan's commitment to community investment.

Angie Davis, President of Campbell Global, expressed enthusiasm regarding this acquisition, stating, "We are pleased to add Tyee to our timberland portfolio, expanding our footprint in the Pacific Northwest where we have over 40 years of experience. The acquisition of Tyee helps us provide new investments in sustainable forestry to our clients."

Campbell Global and J.P. Morgan Asset Management

Founded with a vision for innovative timberland management, Campbell Global has become synonymous with responsible forestry and investment returns. As a subsidiary of J.P. Morgan Asset Management, Campbell Global offers unparalleled expertise in managing vast timberland resources. With over three decades in business, the firm remains at the forefront of creating value in the timberland space.

J.P. Morgan Asset Management stands as a global leader in alternative investments, possessing over 60 years of experience across multiple sectors, including timberland. With more than $400 billion in alternative assets under management, J.P. Morgan is well-positioned to cater to the evolving demands of sustainable investment options in today’s market.

As sustainability becomes increasingly crucial in the investment realm, acquisitions like Tyee will likely shape the future of responsible forestry practices and stimulate economic growth in local communities across the Pacific Northwest.