American Forest Management Announces Sale of 11,774+ Acres of Texas Timberland
June 15, 2020 in AFM News
American Forest Management (AFM), a national land management and land real estate firm, is pleased to announce the sale of 11,774± acres of Texas Timberland. The property, known as Lusk Timberlands, closed on May 26, 2020 and was sold via a sealed bid. Located in Montgomery and San Jacinto Counties, northeast of Houston, is one of the few remaining contiguous blocks of land this size near the Houston metro area.
The buyer intends to continue to manage the property for timber production. Eric Gage, Real Estate Broker in AFM’s Lufkin, TX, office, represented the seller in the transaction. Mr. Gage also brokered the sale of 41,801 timberland acres to Ikea in 2019.
“This transaction represented a unique opportunity for the purchaser to acquire one of the last large parcels of land within Houston’s growth path. We were pleased to play a role in the process” said Chris Singleton, AFM’s Manager of Disposition Services.