Georgia Gov. Kemp Honors CatchMark as 2018 Forestry for Wildlife Partner
Feb 27, 2019
ATLANTA – February 27, 2019 – Georgia Gov. Brian Kemp last week honored CatchMark Timber Trust, Inc. (NYSE: CTT) as a 2018 partner in the state’s Forestry for Wildlife Partnership, a program administered by the Georgia Department of Natural Resources’ Wildlife Resources Division. Gov. Kemp recognized the firm’s “stewardship and land management practices benefiting Georgia’s wildlife.” See press release from the Georgia Department of Natural Resources here.
Administered by the Georgia Department of Natural Resources’ Wildlife Resources Division, Forestry for Wildlife Partnership is a voluntary program that promotes sustainable forest and wildlife conservation in corporate forestry practices. Partners tailor guidelines to improve management for reforestation, harvesting techniques, recreation, sensitive natural sites and outreach.
Jerry Barag, President and CEO of CatchMark, said: “CatchMark’s participation in the Wildlife Partnership underscores our commitment to sustainable timber practices and ensuring the protection of our environment. It goes hand in hand with increasing the potential market value of our timberland assets for investors and producing durable cash flows that support our dividend. We once again thank the State of Georgia and Gov. Kemp for this recognition.”
The Wildlife Resources Division recognized CatchMark for:
- Preparing wildlife conservation plans that detail natural resource inventories and outline management strategies that combine forest and wildlife aspects.
- Providing internal training opportunities for employees on how to blend forestland management with wildlife-friendly practices for multiple natural resource benefits.
- Incorporating wildlife management into land-use planning and timber management practices.
- Providing valuable data for Wildlife Resources Division research projects.
- Providing public recreational opportunities on corporate forestlands.
- Participating in partnerships with conservation organizations.
- Managing riparian forests for wildlife use and water quality protection.
With ownership interests in approximately 291,200 acres across Georgia (as of 12/31/2018), CatchMark has been a part of the Wildlife Partnership since 2011.
All of the conservation enhancement components and reporting procedures are compatible with the Sustainable Forestry Initiative Inc., a voluntary approach in the forest industry to maintain high environmental standards on lands managed by corporate landowners.
CatchMark (NYSE: CTT) is a pure play timberland REIT that strives to deliver consistent and predictable per-share cash flow growth through disciplined acquisitions, active management, sustainable harvests and well-timed real estate sales. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in 1.6 million acres* of timberlands located in Alabama, Florida, Georgia, North Carolina, Oregon, South Carolina, Tennessee and Texas. For more information, visit www.catchmark.com.
* As of December 31, 2018