GMO, Tennessee and the Nature Conservancy Deal

GMO, a Boston based TIMO, is reportedly working on a deal that would add 124,000 acres of timberland to the State of Tennessee's land holdings. Tennessee estimates the value of the timberland at $148 million. The deal apparently includes both fee land as well as conservation easements. The Nature Conservancy and the Lyme Timber Company are both involved in the proposed transaction as well. Read about it in more detail.