February 2, 2024
Eastwood Forests Acquires Forestland in New York State
Eastwood Forests closed their acquisition of approximately 92,200 acres of forestland in New York, as the first property in the Climate Smart Forestry Fund. The Northway Property is located in Essex, Fulton, Hamilton, Saratoga, Warren and Washington Counties, within and around New York’s Adirondack Park.
This strategic acquisition marks a significant step toward Eastwood’s commitment to sustainable forest management and climate change mitigation, balancing forest conservation with the economic growth of the region. Eastwood’s CEO Alex Finkral said, “We are proud to continue the history of forest conservation and management in this part of New York. Northway is a terrific fit in our Fund that emphasizes natural forest management for diverse goods and services, while delivering attractive returns for our investors.”
July 10, 2023
Eastwood Forests and SFC Asset Management closes Climate Smart Forestry Fund I
The pooled capital amounts to USD 415 million (JPY 60 billion) and will be invested over 15 years. The Fund will deliver global climate benefits by supporting responsible forest management at a spatial and financial scale beyond that which individual investors could achieve on their own.
Eastwood Forests is a company dedicated to forestland investments that generate competitive financial returns and positive ecological impacts. Eastwood is a partnership between Sumitomo Forestry of Japan, and a US team with decades of experience and expertise in forestry and forestland investments.
Eastwood Forests specializes in sourcing and managing forestland investments that meet high environmental and social standards. Guided by cutting-edge science, we work in complex forest systems to enhance the full range of benefits that forests provide for the environment, economy, communities, and future generations. Through existing and evolving environmental market opportunities, we manage forestland investments as nature-based solutions for long-term climate benefits which result in resilient forests.
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