, Inc. (Afm) has been retained by Forest Investment Associates, Inc. to solicit sealed bids for approximately 21,191 ± GIS acres of land and timber known as the Tygart Valley Timberlands. The property is being offered for sale as one package in its entirety through a lump sum single-stage bid sale event. Offers will not be considered for individual tracts. The data room is now open and bids are due January 15, 2020.
Tygart Valley is dominated by a diverse species mix of Appalachian hardwood stands growing on productive sites positioned for strong biological growth, product shifts and price appreciation. Ninety-four percent of the acreage is classified as suitable for timberland management.
Sawtimber species mix includes Black Cherry (8%), Black Oak (3%), Chestnut Oak (9%), Sugar Maple (9%), Red Maple (16%), Red Oak (12%), White Oak (7%), Yellow Poplar (13%), other hardwoods (20%), and softwood (3%). The current standing inventory includes approximately 116 Mmbf (Doyle) of sawtimber across all species (roughly 5,500 board feet per gross acre) and 165,900 cords of pulpwood (7.8 cords per gross acre.)
Tygart Valley Timberland is located in Barbour, Clay, Nicholas, Pendleton, Pocahontas, Tucker, and Webster Counties, West Virginia.
The seller owns the mineral (oil, gas and coalbed methane) rights on approximately 9,750 acres, which will convey with the property.
AFM has set up an electronic data room containing information for prospective purchasers to use as they evaluate the offering. All prospective purchasers who execute a Confidentiality Agreement (Ca) are invited to participate in the process and will be granted access to the data room.
Confidentiality Agreements should be returned to Tom Margo. Sale specific questions should be directed to or Jake Almond.