A Square: Forest Legacy Investments, LLC
Timberland property values in today’s marketplace often reflect a non-timber or higher and better use (HBU) component..
A SQUARE :: 07Aug07 Forest Legacy Investments, LLC
Faculty Chris Fountain
Expertise Forestland Investing
The HBU component represents a property’s potential for generating value by something other than growing trees. In most cases this value is future conversion to residential or commercial real estate. By selling or donating a conservation easement that conveys future development rights (i.e., restricts or removes development rights) we are able to immediately capture the HBU value of the property and can eliminate the future speculative risk on this value. This approach helps create more of a “pure play” timber investment as opposed to a timberland investment mixed with speculative real estate value.
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