J.P. Morgan Asset Management adds $500 million of southern timberland
2 min read . Updated: 01 Feb 2023, 07:41 PM IST
Premium- The deal is Wall Street’s latest wager that forests will be valued for more than wood products
J.P. Morgan Asset Management’s timber-investing arm has acquired about 250,000 acres in the Southern pine belt for more than $500 million, Wall Street’s latest big woodlands purchase made with an eye toward carbon markets.
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