News Desk, Timberland

CNN Money Singles Out Timberland as Hot New Commodity

Timberland_lg
In the aftermath of the Great Recession, an increasing number of high-net-worth individuals are crying “timber,” according to Dennis Moon, head of Specialty Asset Management at US Trust. “They’d rather this be their steady eddie, slow-as-you-go type of asset. They like transparency. You can go see it if you want to. It’s not like a piece of financial paper like a stock or a bond.”
As Moon points out, many of his clients end up visiting their land, and some go as far as using it for recreational purposes like hunting and fishing. According to CNN Money, the minimum timber investment at US Trust is $5 million, which typically includes several thousand acres on different parcels in the Southeast, Pacific Northwest, and New England. Read more HERE.

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