The 26,500 acres of timberland are located in Georgia and Virginia.The Molpus Woodlands Group, LLC (Molpus), a timberland investment management organization headquartered in Jackson, Miss., recently announced, on behalf of a client, the successful purchase of approximately 26,500 acres of timberland located in Georgia and Virginia.

The timberland, located in Liberty and Long Counties in Georgia, and Greensville, Sussex and Southhampton Counties in Virginia, consists mainly of southern pine timberland. Molpus currently manages approximately 22,000 acres in Georgia and Virginia. This transaction is the second acquisition for Molpus's third co-mingled fund.

"This property has exceptional timber growth potential and has been well-managed," says Molpus Woodlands Group President, Dick Molpus. "We are pleased to expand our existing operations in these areas. We intend to continue the proven and sustainable practices of the past, while seeking new and creative opportunities to maximize the investment's long-term return potential."

The fund, which closed in May of 2011 at approximately $439 million, is made up of U.S. and international investors, including corporate and public retirement systems, university endowments, foundations, and private investors. Molpus currently has over one million acres of timberland under management located in 15 states.