We don’t aspire to grow just for the sake of growing. We aspire to increase Net Asset Value using a disciplined decision-making process that involves employees across several departments, including foresters in the geographies most intimate with the properties we may buy or sell.
For instance, in considering an acquisition:
- Our Inventory and GIS teams use biomathematical models, geographic information systems and other technology like drones or LiDAR to estimate the quality and quantity of timber and land.
- Foresters located closest to an acquisition will provide the assumptions used for valuation purposes to ensure they are operationally achievable.
- Our applied research team will analyze the soils and silviculture regime to determine an acquisition’s long-term value potential.
- Our portfolio managers will look at a property’s intrinsic value and compare it to similar sales to identify mispriced assets.
- Our legal, real estate, and finance teams and many others may weigh in, all in an orchestrated effort to quickly reach the best decision for our future.
All of this information, combined with input from subject matter experts, is used to determine the value of an acquisition.