Crescent Communities Completes Sale of Nearly 14,000 Acres of Land in South Carolina to Timberland Investment Firm
CHARLOTTE, N.C. – Crescent Communities, a leading real estate investment and operating firm with approximately 40,000 acres of land in North and South Carolina, has sold its Great Falls land holdings to Blue Heron Timber, LLC, an affiliate of Atlanta-based Timberland Investment Resources, LLC. The parcel includes nearly 14,000 acres of prime timber property in South Carolina’s Chester, Fairfield, Kershaw and Lancaster counties.
“Great Falls has always been an excellent timber market because of its rural setting and proximity to many wood product manufacturing facilities,” said Crescent’s Hank Higgins, vice president of land sales and a Certified Forester and real estate broker. “Interest in Crescent’s unique land holdings has been climbing, and we’re pleased that most of this acreage will continue to be a sustainably-managed forest under its new owners.”