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February 09, 2016 9:29 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of CatchMark Timber Trust, Inc.

Company Overview

Wells Timberland REIT, Inc., a real estate investment trust (REIT), focuses on the acquisition of timberland properties in the United States. It intends to acquire timberland properties throughout the timber-producing regions of the United States and, to a lesser extent, in timber-producing regions outside the United States. The company intends to qualify as a REIT under the Internal Revenue Code of 1986. Wells Timberland REIT was founded in September 2005. It was formerly known as Wells Real Estate Investment Trust IV, Inc. and changed its name to Wells Timber Real Estate Investment Trust, Inc. in November 2005 and changed to Wells Timberland REIT, Inc. in 2006. The company is headquartered...

5 Concourse Parkway

Suite 2325

Atlanta, GA 30328

United States

Founded in 2005

13 Employees

Phone:

855-858-9794

Fax:

855-865-8223

Key Executives for CatchMark Timber Trust, Inc.

Chief Executive Officer, President and Director
Age: 56
Total Annual Compensation: $540.0K
Chief Financial Officer, Senior Vice President, Treasurer and Assistant Secretary
Age: 46
Total Annual Compensation: $415.0K
Chief Operating Officer, Secretary and Director
Age: 72
Total Annual Compensation: $415.0K
Compensation as of Fiscal Year 2014.

CatchMark Timber Trust, Inc. Key Developments

CatchMark Timber Trust, Inc. Appoints Paul S. Fisher to the Board of Directors

CatchMark Timber Trust, Inc. announced the election of industry veteran Paul S. Fisher, a former President and Chief Executive Officer of CenterPoint Properties Trust, to the company's Board of Directors. Fisher serves on the U.S. Department of Commerce Advisory Council on Supply Chain Competitiveness. The Board also appointed Mr. Fisher to serve on the Board's Nominating and Corporate Governance Committee and Compensation Committee.

CatchMark Expands Multi-Draw Term Credit Facility to $365 Million

CatchMark Timber Trust Inc. is a party to that certain fourth amended and restated credit agreement, dated as of December 23, 2014 by and among CatchMark Timber Operating Partnership, L.P., as borrower, the company and its wholly-owned subsidiaries, as a guarantors, CoBank, ACB, as administrative agent, joint lead arranger, sole bookrunner, swingline lender and issuing lender, AgFirst Farm Credit Bank, as joint lead arranger and syndication agent, and Cooperatieve Centrale Raiffelsen-Boerenleenbank, B.A., as documentation agent, and certain financial institutions, as lenders. On December 11, 2015, the credit available under the company's multi-draw term credit facility within the credit agreement increased by $90 million, from $275 million to $365 million. The increase in available funds from CoBank, ACB and AgFirst Farm Credit Bank provides ready capital for CatchMark to pursue acquisitions of high quality timberlands to support long-term growth in shareholder value and cash available for distribution.

CatchMark Timber Trust Seeks Acquisitions

CatchMark Timber Trust, Inc. (NYSE:CTT) will pursue acquisitions of high quality timberlands to support long-term growth in shareholder value and cash available for distribution.

Similar Private Companies By Industry

Company Name Region
HPT Capital Trust I United States
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Seer Mortgage Capital, Inc. United States
Lincoln NC Realty Fund Inc United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 2, 2015
5,600 Acres Of Timberland
Buyback
August 7, 2015
--
Merger/Acquisition
August 3, 2015
7,668 Acres of Property in Georgia and Texas
 

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