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The Hancock Timber Resource Group (HTRG), Boston, Massachusetts, USA said the acquisition of the ownership interests of entities owning or controlling approximately 930,000 acres of timberland or timber rights from Harvard Management Co. The most recent owner was the John Hancock Timber Resource Group, which managed the forest for investment purposes. The Hancock Timber Resource Group today completed the acquisition of the approximately 104,000-acre Snoqualmie Tree Farm in western Washington from Weyerhaeuser Company (NYSE:WY) for a purchase price of $185 million. |
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