Manulife Investment Management (Manulife IM), a company of Manulife Wealth & Asset Management, announced today the closing of a Louisiana timberland transaction on behalf of a client. Under the terms of the agreement, Manulife IM, the world's largest timberland investment manager,1 acquired approximately 50,000 pine timberland acres in southwestern Louisiana, expanding acreage under management in Arkansas/Louisiana/Texas/Oklahoma to over one million acres. The timberlands are near existing Manulife IM managed timberland assets and are well placed to be incorporated into ongoing regional operations.
