WHO WE ARE

R&A Investment Forestry provides portfolio management to private and institutional direct forest investors.

 

With deep domestic and global relationships, R&A provides dispassionate strategic portfolio management to forest investors, incorporating all key elements of a new investment environment, including investor-specific strategy design, acquisitions, property management selection, post-acquisition portfolio oversight, and exit. Forest ownership implies stewardship of public values. To this, R&A brings broad experience with forest regulation and policy, and environmental and conservation issues.

 

Jim Rinehart, President of R&A, has been engaged in timberland as an investment since its inception in 1984. His various corporate roles have included Director of Portfolio Strategy for the Hancock Timber Resource Group, Vice President and Director of Timberland Investments for GATX Capital Corporation, and Director of Conservation Investments for Huber Resources.

 

Since its origin in 1990, R&A has been engaged by a broad array of clients, including large investors, such as Harvard Management Company, CalPERS, Hancock Forest Finance Group, Deutsche Bank, and others. In addition, he has served forest products companies, investment banks, private equity firms, private landowners and landowner associations, mainstream conservation NGOs, and The State of California. R&A has played key roles in the resolution of several “spotlight” transactions, including an environmentally sensitive 200,000 acre property in the Northern California Redwood Region.

 

With 25 years in the industry, R&A brings expertise in all elements of forestry and forest investing. We have global experience, colleagues and operating partners in all operating regions, and personal relationships with the founders and key executives of every major timberland investment manager and the industry experts who serve them. These relationships notwithstanding, R&A has no constraining allegiance to any given manager, consultant, or service provider. Jim Rinehart is known throughout the industry as an insightful and outspoken contrarian; a thought leader and a public advocate of investment temperance well before the collapse of Lehman Brothers signaled the beginning of the Great Recession.
For our view on the state of the industry since 2008, see Post Recession Timberland: Is it the Same Asset?

WHAT WE DO

R&A Investment Forestry, LLC is a portfolio developer and manager. We don’t sponsor commingled funds or promote the funds of others, nor do we assume discretionary control of the funds of our investors. We acquire timberland assets as direct investments for individual private and institutional investors, and self-organized co-ventures organized as single entities.

 

Direct Investments. Our investors own forest assets directly, with open ended investment terms. Assets can be held for periods defined by the investor…for the long term as a means of preserving wealth and generating moderate return, or for shorter periods, with opportunistic exit strategies that maximize return.

 

R&A currently manages a portfolio of forest properties in Florida and California on behalf of private investors. Expansion in the U.S. South and the Pacific Northwest is anticipated in coming months. We are in the sourcing stage of portfolio formation for several additional investors.

 

Transaction Size. R&A targets transactions of $10 Million to $50 Million, with a “sweet spot” of $30 million.

 

Investor Control. Because we only invest directly and never take discretionary control of investor capital, investors retain full control of their assets at all times. Investors’ needs determine management decisions and thus they decide when to acquire or decline a property, and when to sell. While any of these decisions may be delegated to R&A, investors are continuously informed as to the status, performance, and operating milieu of their properties.

 

R&A Fees. R&A retains minimum internal staff as employees, relying heavily on regional colleagues and operating partners to provide day to day management and to assist in managing investor portfolios. As a result of this ownership and governance structure, R&A is able to maintain a fee structure substantially lower than traditional investment managers. Fee structures are tailored to meet the needs of the investor and the assets in which they invest.

 

Putting Capital to Use. R&A’s job begins when investors with available capital make the decision to invest in timberland. Our role encompasses everything that happens beyond that point, including:

 

  • Transaction sourcing.
  • Property and market due diligence.
  • Determination of investment value.
  • Negotiation of Purchase and Sale Agreement.
  • Selection of Counsel.
  • Transaction closing.
  • Management selection and hiring.
  • Design and implementation of management systems.
  • Ongoing supervision of property management.
  • Operational and financial reporting
  • Contract approval.
  • Exit…..when the time comes.

 

Refer to U.S. Timberland for the Direct Investor

RESEARCH & RESOURCES

  • Timberland Investing
  • Wall Street Journal
  • Timberland and Conservation
  • And For a Historical Perspective….

LOREM IPSUM

R&A Investment Forestry is a forest investment management and advisory company whose interests align directly with the investor; an advisor sitting squarely on the investor’s side of the table.

Contact us


R&A Investment Forestry
San Francisco, California
info@investmentforestry.com
t 415.242.1389
m 415.531.6438