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
Atlanta, GA 30328
Founded in 2005
CatchMark Timber Trust, Inc. Appoints Paul S. Fisher to the Board of Directors
Jan 19 16
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
Dec 14 15
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
Dec 14 15
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.