Forest Capital Partners sells its timber portfolio

Published July 13, 2012 11:05pm ET



PORTLAND, Ore. (AP) — Forest Capital Partners sold its 1.88 million-acre timberland portfolio on Friday to Hancock Timber Resource Group and Molpus Woodlands Group.

The company, which has headquarters in Portland and Boston, originally paid $1.65 billion for the timberland. The financial terms have not been disclosed.

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