GMO Renewable Resources retains LandVest to sell Merrill-Toutle Timberlands, comprising 11,508 acres in Washington's Cowlitz County; offered as single package, timberlands have significant potential for near-term harvest of Douglas fir and whitewood logs

Audrey Dixon

BOSTON, Massachusetts , July 1, 2014 (press release) – Overview: GMO Renewable Resources, on behalf of its investors, has retained LandVest, Inc. as its advisor in the disposition of the Merrill-Toutle Timberlands.The timberlands are being offered as a single package and bids will be invited in a single stage, sealed bid process.

The Property: The Merrill-Toutle Timberlands consist of 2 blocks, the 5,015± acre Merrill block and the 6,493± acre Toutle block, which are located within a short distance of one another in Cowlitz County Washington. With approximately 13 MBF per net available acre, the timberlands have significant potential for near term harvest of Douglas-fir (51%) and whitewood logs (45%). Of the 9,864± net acres, 30% is net merchantable timberland over 35 years old. These merchantable timberland acres contain an average of almost 20 MBF/Acre.

Enhancing the value potential of the Douglas-fir and whitewood logs is a short haul on a solid road infrastructure from Merrill-Toutle into Longview,Washington and one of the premier export facilities in North America.

The Merrill-Toutle Tree Farm is a high quality property with a long history of excellent, professional management. It has a large merchantable timber base, coupled with positive ingrowth opportunities in the older pre-merchantable age-classes.These timberlands provide an outstanding opportunity to participate in a premier PNW log market,with value returned through short-term timber harvest and long-term forest growth.

Bidding Process: The Merrill-Toutle Timberlands sale is being managed as a single stage bid event with final, contingency-free bids due on Thursday, September 25th, 2014. Upon receipt of the enclosed confidentiality agreement, bidders will be registered for access to the project Data Room. The Data Room will contain current, detailed timber inventories, map packages, GIS shapefiles, preliminary title, phase I environmental statement, tax and lease information, along with other pertinent material. The Data Room will be available on July 7, 2014.

Please return the confidentiality agreement to LandVest via fax at 541-844-7205 or by email to dwalters@landvest.com. Questions concerning the project and bidding process should be directed to one of the project managers.

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