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Molpus buys 26,786 acres in Idaho and Washington

MBJ staff

The Molpus Woodlands Group LLC announced Monday the purchase of 26,786 acres of timberland in northern Idaho and eastern Washington for a client.

The property is dominated by evergreen saw timber, the company said in a release. Molpus will manage manage the property from its Coeur d’Alene, Idaho office, which now manages 163,000 acres.

Jackson-based Molpus, is a timberland investment firm. It has 1.9 million acres under management in 18 states with a value of $2 billion.

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