J.P. Morgan Asset Management, through its timber investment manager Campbell Global, has acquired 40,800 acres of commercial timberland on the Olympic Peninsula in northwest Washington state. The property has been named Tyee as a tribute to the region’s indigenous Native American history.
Campbell Global was purchased by J.P. Morgan Asset Management in 2021 and is renowned for its expertise in managing timberland globally for institutional investors such as pension funds and foundations.
Tyee will be managed with a focus on both carbon capture and sustainable timber production to meet the increasing demand for eco-friendly building materials. Additionally, approximately 6,500 acres of streamside riparian areas will be preserved to maintain water quality.
Angie Davis, President of Campbell Global stated that they are delighted to add Tyee to their portfolio which expands their presence in PNW where they have over four decades of experience. This acquisition allows them to offer new opportunities for sustainable forestry investments to their clients.
