This private equity investment provides direct ownership in a US - Brazilian joint venture that began as 72,000 acres of contiguous pasture land, and now is 12,500 acres of irrigated, double crop land. This offering closed on May 27, 2005 with total equity financing of US$32M. A debt facility of US$16M was closed on November 16, 2006, and an additional equity investment of US$15M was closed on October 24, 2008.
This 3,990 acre timber project was planted with 1.5M trees, by hand, in 2006. Every 5 years some trees are thinned out, providing more room for the best trees to grow faster,
and add valuable girth. We expect the final harvest to take
place in 2026 and 2027