ATLANTA--(BUSINESS WIRE)--Timbervest LLC announced today that it is restoring and preserving 85 natural habitats representing approximately 30,000 acres – including streams and wetlands – across the U.S. The projects, a record number of active restoration ventures for Timbervest, are comprised of mitigation and conservation banks that generate money through the sale of credits to companies, municipalities and other entities that have adversely impacted the environment. These banks enable Timbervest to restore, preserve or create habitats set aside permanently for wildlife.
Most recently, Timbervest formed the San Luis Rey Wetland Mitigation Bank in San Diego County, California. The project will turn a 54-acre agricultural field into a wetland habitat, offsetting the environmental impact of local developments.
“Timbervest built a robust portfolio of environmental restoration projects because they are consistent with our company’s mission of stewarding natural resources responsibly,” said Joel Shapiro, chief executive officer of Timbervest. “Thanks to these projects, thousands of acres of degraded habitats will be restored or improved so that wildlife can thrive. We’re proud of the fact that our company succeeds when the environment is restored.”
Over $200 million of Timbervest’s investment portfolio, which includes nearly 600,000 acres of timberland valued at more than $1 billion, is dedicated to ecosystem restoration initiatives, also known as Crossover AssetsTM. Timbervest is among the largest investment managers within this asset class in terms of both assets under management and number of projects.
Key projects currently underway include but aren’t limited to:
- Alder Creek Restoration Project, Portland, Oregon. Fifty-two acres will be improved and shallow waterways created to provide a habitat for young salmon and birds.
- Liberty Island Conservation Bank, Yolo County, California. Project will restore 186 acres and include open water channels and floodplain habitats for the benefit of native fish species.
- Scrub Conservation Bank, Highlands County, Florida. Conservation area is set aside as habitat for the Florida scrub-jay and sand skink. Both are listed as threatened species due to unique habitat needs.
Timbervest creates and manages mitigation and conservation banks through subsidiaries such as Wildlands, a habitat development and land management company. Since its founding in 1995, Timbervest has helped restore or preserve over 30,000 acres of wetland and more than 40,000 acres of threatened or endangered species habitat.
Founded in 1995, Atlanta-based Timbervest currently manages nearly 600,000 acres of timberland, timber-related assets and other real estate investments with a market value of more than $1 billion. The company’s timberland portfolio assets are located in most major timber regions of the United States, including the Northeast, Southeast, Appalachian, West Gulf and Pacific Northwest. For more information about Timbervest and its investment funds, visit www.timbervest.net.