GreenWood Tree Farm Fund

The GreenWood Tree Farm Fund, LP (GTFF), a $175,000,000 fund, is a partnership that lets investors participate in the consolidation of existing high-yield, fast-growing tree farm assets in the Pacific Northwest. It is also organized to capture unrealized market value of the trees on these tree farms by developing value-added processing to move the logs into solid-wood markets.

GTFF currently owns 35,000 acres of sustainable tree farms in the Columbia Basin in Oregon and Washington. We provide investment management for the fund through a joint venture arrangement between GreenWood Resources, IFIA and Malkin & Co. We also provide tree farm property management for the 35,000 acres currently owned by the GTFF. The Collins Companies provide management to the mills planned by GTFF and marketing and sales activities for the Pacific Albus™ wood generated from the manufacturing.

Tree farms

There are four primary tree farm properties in the Pacific Northwest owned by GTFF and managed by GreenWood Resources:

These properties total 35,000 acres and are found along the lower- and mid-Columbia River basin in both Oregon and Washington. These tree farms have exclusive access to our elite plant material. Our tree farm management strategy focuses on producing a sustainable supply of saw logs for integration into GTFF mills, pulp logs for regional pulp and paper mills and residual feedstock for bioenergy markets. GTFF tree farms are managed under the principles of FSC and have been certified by SCS-FM (SCS-FM/COC-00034P).

GTFF mills

Based on the supply of high-quality timber from its tree farms, GTFF is establishing state-of-the-art, value-added manufacturing processes. A small mill is proposed to process the logs from the Lower Columbia Tree Farm located near Clatskanie, Oregon. A larger mill is being built in the Boardman, Oregon area to handle the log volume from the three tree farms located in the area. Collins is providing leadership in the building and operations of this mill. Construction of the mill has begun, with operations expected to commence in the second quarter of 2008. When fully operational, it will provide over 150 family-wage jobs in harvesting, manufacturing and tree farming in the area.

The product from these mills is marketed under the brand name Pacific Albus™, a hardwood species ideal for a variety of uses from trim, millwork and cut stock, to furniture applications, pallet stock and much more.

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