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Today, I’m joined by Tracy Buran Evens, Principal of TimberLink, who shares insights from a recent survey capturing the biggest challenges facing institutional Timberland investors today. We unpack the top themes that emerged from both asset managers and investors—return expectations, macroeconomic pressures, ESG obligations, strategy, and valuation concerns. Tracy explains why there’s a disconnect between stumpage prices and timberland valuation, the flood of new climate-focused capital, and how different fund structures are suiting different investor types. Whether you’re new to forest investing or a seasoned pro, this episode offers a reality check and a roadmap for navigating today’s Timberland landscape.
“This is really a sea change—almost $10 billion in new capital has been committed to timberland, much of it targeting natural capital and climate-based solutions.”
Tracy’s email: tevens@timberlink.net
Favorite tree: Ginkgo Biloba tree
Founding Director and Host: Shauna Matkovich - The ForestLink
Producer and Editor: Magdalena Laas - Unscripted Creatives
01:03
Overview of Timber Link
02:58
Recent survey for investors and TIMO’s - what is the biggest challenge you face with your timberland portfolio?
09:36
Five key themes in responses
11:05
Do TIMO’s have insight into clients’ struggles?
12:50
Any follow-up questions?
13:49
Are timberland allocations decreasing, increasing, or staying the same?
18:16
Clarification about the seeming discrepancy between investor concerns about returns and new investors and capital who seek new assets?
22:15
The challenge of the difference between timberland valuation and timber prices - is the market saturated or is the climate spin creating new assets?
26:02
Consolidation in smaller plots?
27:06
How does this tie into the challenge of valuations?
29:47
What caveats should new investors consider, and how can these concerns be addressed?
31:55
ESG concerns (incl. carbon credits and biodiversity calculations and reporting)
37:40
Thoughts on approaches to investing in forests
40:33
Evergreen vs. closed-end structures?
42:58
Concerns around uncertainty in the macroeconomic environment
44:45
Actionable advice to new investors
45:37
Contact details
Nature by MaxKoMusic/Soundcloud
Sopwell Woodlands and Scohaboy Bog SAC, Cloughjordan, Co Tipperary, IRELAND by wild_rumpus/Soundcloud
Ambient Documentary by Sound Guru (Pixabay)
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