The Elk River property consists of 25,299 acres in forty nine scattered parcels in Braxton, Fayette, Gilmer, Greenbrier, Kanawha, Lewis, Nicholas, Preston, Raleigh, Upshur and Webster counties, West Virginia. Heartwood Forestland Fund IV, L.P. (HFFIV) purchased the property in two transactions in October 2003 and November 2004. The property is managed for HFFIV by The Forestland Group, LLC (TFG), with primary offices in Chapel Hill, North Carolina and its main field operations office in Parkersburg, West Virginia.
|Property Name||Elk River|
|County||WV – Braxton, Fayette,Gilmer, Greenbrier, Kanawha, Lewis, Nicholas, Preston, Raleigh, Upshur, Webster|
|Coordinates||N 38° 20′ 57″ W 80° 44′ 24″|
|Previous Owner||Columbia Plywood Corporation|
|Dominant Forest Type||Appalachian upland hardwood|
|Managing Consultant||Forecon, Inc|
|Address||RR 2 Box 303A, East Main Street, Oak Hill, WV – 25901|
The Elk River property (25,301 acres) is comprised of 48 tracts of variable size distributed over 10 counties in West Virginia and North Carolina. The tracts are primarily located in Webster and Fayette Counties in West Virginia with the one tract in Fayette County making up nearly half of the overall acreage. Most of the property lays within a few miles of US 19 and US 60. Interstate 79 is less than a one half hour drive from portions of the property. Two major highways transect the property from north to south: U.S. 19 on the west side of the property and State Route 20 through portions of the property. Two other major highways transect the property from east to west: US 60 to the south and Interstate 79 to the west of the property. All are capable of sustaining heavy truck traffic throughout the year and receive regular maintenance during the winter months.
Heartwood Forestland Fund IV purchased 25,666 acres of the property from Columbia West Virginia Corporation and Columbia Plywood Corporation (Columbia) in the first transaction and 875 acres from Canyon Rim Land Company, LLC (Canyon Rim) in the second transaction. The property was purchased by Columbia mostly from 1993 to 2001 with the bulk of the property coming from two purchases, one with Webster Woodlands and a second transaction with Foulke Meadow River Lands. Small isolated purchases have made up the rest of the bulk of tracts.
Slope position, aspect and past management largely influence site quality on the property. The coves, hollows, and north and east facing slopes are the best in site quality for growing timber, due in part to reduced effects from intense solar heating. These areas contain more of the moist soils. Moving up the slope on the north facing slopes, the site quality remains much the same as the coves and hollows. Many of the large, flat ridge tops are of average to good site quality and are dominated by deep, sandy soils. The upper south and west facing slopes are of the lowest site quality because they are repeatedly exposed to excessive heating and drying.