Timbervest LLC acquired 13,220 acres of timberland for its Timbervest Partners III, LP investment fund. The $400 million commingled fund consists of 250,000 acres of timberland located throughout the country, and is comprised of institutional and high-net-worth investors, as the company said in the press release received by Lesprom Network .

“The acquisitions of these diverse properties provide significant value for our clients and serve as strong additions to our existing portfolio,” said Bill Boden, managing partner of Timbervest. “The purchases highlight the continued growth of the fund and our unmatched commitment to identify compelling timberland investments that benefit investors.”

Atlanta-based Timbervest currently manages more than 600,000 acres of timberland, timber-related assets and investments with a market value in excess of $1.2 billion.