Forest Land Values Keep Growing
Posted by Kyle Cato 9 months ago
WINCHENDON, Mass. — Money still grows on trees.
Timberland, which a few years ago became a popular investment among institutions and wealthy folks, has held up amid market massacres for most other assets lately.
Through Sept. 30, the value of timberland rose 5%. When the National Council of Real Estate Investment Fiduciaries reports 2008’s final quarter this week, this number is unlikely to move much. That marks a slower pace of growth, yet it is growth nonetheless. In 2007, timber appreciation was a towering 15%.
By: Larry Light
For: The Wall Street Journal
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