The Piney property is comprised of 19,375 acres found in one large, mostly contiguous block plus several small, scattered tracts located in south central West Virginia in Boone, Mercer, Raleigh, and Wyoming counties. The majority of the acreage is positioned south and southwest of Beckley and west of Interstate 77. One tract is east of Beckley. Other industrial forestland is adjacent to the property as are small, private residential developments located along the public roads and waterways intermixed with the tracts. The property will be managed as commercial timberland. Coal and natural gas development occur throughout the region and a significant amount of mineral development activity is present on the property.
|County||Boone, Mercer, Raleigh, and Wyoming|
|Coordinates||N37° 37’ 10”; W81° 13’ 5”|
|Previous Owner||Piney Land, Meadow Creek Land, McCreery Coal & Land and White Oak Land companies|
|Dominant Forest Type||Appalachian Hardwoods|
|Managing Consultant||American Forest Management|
|Address||464 Prosperity Road, Prosperity, WV 25909|
The economic area is considered to be in the heart of the Appalachian Regional Commission region – central rural Appalachia. Mineral and timber development is common throughout the region. Several public parks and forests are in the vicinity of many of the property’s’ tracts including: New River Gorge National River Area, Twin Falls State Park, Pipestem State Park, Bluestone State Park, Camp Creek State Park and Bluestone National Scenic River Area. The center of the property is located at approximately 37° 37’ 10” and north latitude, and 81° 13’ 5” west longitude.
Heartwood Forestland Fund VIII, L.P. purchased the surface property in December of 2016 from Piney Land Company, Meadow Creek Land Company, McCreery Coal & Land Company and White Oak Land Company successors in title to Cranberry Lumber Company. The landowner history of these tracts is primarily corporate lumber, coal, oil, and gas entities. Heartwood did not purchase the mineral rights.
The primary forest cover types are typical mixed Appalachian hardwoods. The primary species composition by volume is yellow poplar, comprising about one-third of the volume, followed by chestnut oak and red oak, which combined make up more than one-quarter. Other common species are black oak, scarlet oak, white oak, hickory, red and sugar maple. Some timber harvesting has occurred on the property in the past. Natural regeneration has been successful, specifically for oak and yellow poplar. Impacts to successful natural regeneration by white tailed deer browsing are expected to be minimal.