Southview buys mid-size timberland tracts, a few hundred to about 1,500 acres, in the path of growth around Southeast metros. It creates value by parcelizing and selling to recreational buyers, developers, home builders, and businesses, and by harvesting timber opportunistically when prices are strong.
The fund is all-equity with no debt and owns land and timber outright. It targets a 12% to 15% net IRR for LPs, against roughly 6% for large institutional timberland funds. The target is forward-looking. The current fund figure is a sponsor-reported number.