Lower Columbia River Hybrid Poplar Tree Farm

This 3,028 acre tree farm is one of the largest private land portfolios for sale along the lower Co-lumbia River, with combination of agriculture, recreation, and conservation value components. The portfolio is owned by an investment fund, and is being offered for the first time in this Sealed Bid Auction in bulk, and also in twelve individual parcels which range from 54 to 817 acres, expand-ing the base of prospective buyers.

The 2,000 acres of investment-grade hybrid poplar plantations will provide significant asset growth within five years, and potential for cash flow from improved domestic and export markets for hard-wood chips. An estimated 68,400 BDT (bone dry tons) can be generated from the entire tree farm, based on the age class of plantations, by 2025.

Water rights for irrigation cover 1,398 acres, or 46% of the portfolio. Located in the eastern section of the tree farm ...

Water rights for irrigation cover 1,398 acres, or 46% of the portfolio. Located in the eastern section of the tree farm near Port Westward Industrial Park, the water rights provide opportunity for conver-sion to post-harvest higher value crops on a commercial scale, including for blueberries, mint, and hemp.

Also, there are potential recreation and conservation values to be obtained due to the tree farms strategic location in the heart of the Pacific Flyway, known for world-class waterfowl hunting from abundant duck and goose populations.

Both the Lewis and Clark National Wildlife Refuge, and Julia Butler Hansen Refuge for Columbian White-Tailed Deer, together totaling over 40,000 acres, are located just north of the tree farm. Por-tions of the auction property are leased for duck hunting. There is additional opportunity to expand upon the amount of property leased for hunting.

Additionally, potential conservation value could be obtained from restoration of critical habitat for Columbian white-tailed deer, steelhead, and salmon. Habitat restoration continues to be a priority along the lower Columbia River for state and federal agencies, and conservation organizations.

The tree farm portfolio has over three miles of Columbia River and Clatskanie River frontage, and four miles of Westport Slough. In addition, portions of the property might have some value as mit-igation sites for both public agencies, and corporations. Restoration of a 45 acre section of Parcel 11 along Westport Slough was completed in 2012, in partnership with Lower Columbia River Watershed Council.

The 3,028 acre Lower Columbia River Hybrid Poplar Tree Farm was originally part of a 16,000 acre commercial scale operation located in Washington and eastern Oregon, managed by Greenwood Capital Management. It has been designated for sale by its investors.

Attractive bulk and individual parcel published reserve prices starting at $1,709 per acre have been established by the seller as an incentive to accelerate a sale by year-end. The bulk reserve price for the 3,028 acre portfolio is $7,950,000, or $2,625 per acre, and includes the poplar inventory. Prices for the twelve parcels range individually from $99,500 to $2,595, 000. Terms of the auction provide rare opportunity for prospective bidders to submit bids for the entire portfolio, individual parcels, and combinations of parcels, to target acquisition for agriculture, recreation, and conservation values. Sale of individual parcels is subject to total bids to equal, or exceed, the bulk published reserve of

$7,950,000.

Tree farm in its entirety and in twelve parcels being offered in November 13 Sealed Bid Auction. Contact listing broker for bid package(s) and terms and conditions of Auction.