Timbervest Managed Habitats Up to 30,000 Acres
"Thanks to these projects, thousands of acres of degraded habitats will be restored or improved so that wildlife can thrive. We're proud of the fact that our company succeeds when the environment is restored," said Joel Shapiro, CEO of Timbervest LLC.
Timbervest LLC announced Aug. 12 that it is restoring and preserving 85 natural habitats representing approximately 30,000 acres in the United States. These projects include streams and wetlands and represent a record number of active restoration ventures for the company; they are mitigation and conservation banks that generate money through the sale of credits to companies, municipalities, and other entities that have adversely impacted the environment. The banks allow Atlanta-based Timbervest to restore, preserve, or create habitats set aside permanently for wildlife.
"Timbervest built a robust portfolio of environmental restoration projects because they are consistent with our company's mission of stewarding natural resources responsibly," said Joel Shapiro, CEO of Timbervest. "Thanks to these projects, thousands of acres of degraded habitats will be restored or improved so that wildlife can thrive. We're proud of the fact that our company succeeds when the environment is restored."
The company's investment portfolio includes nearly 600,000 acres of timberland valued at more than $1 billion and is dedicated to ecosystem restoration initiatives, also known as Crossover Assets.