14,514 ACRES, ARKANSAS-LOUISIANA TIMBERLAND

TerraStone Land Company, in cooperation with United Country-Neeley Forestry Service, is pleased to offer for sale 86 tracts of timberland containing an estimated 14,514.53 GIS-calculated acres located in South Central Arkansas and North Louisiana.

Historically managed for timber production, the composition of the stands offers both near- and long-term income opportunities. Recreational and hunting opportunities abound, too, with a significant number of the tracts lying adjacent to or dissected by either Dorcheat Bayou or Bodcau Bayou. Healthy populations of deer, turkey and duck have been observed on the property.

Most of the tracts and acreage are located in Southwest Arkansas in the vicinity of Magnolia, in Columbia County. The remainder of the tracts are scattered throughout the Arkansas counties of Columbia, Union, Nevada, Lafayette; and the Louisiana Parishes of Bossier and Webste...

The properties are well situated to take advantage of not only the existing and recently-opened primary wood-using markets, but also facilities that are slated for construction or expansion.

The recent additions to the available wood markets include the Conifex Timber, Inc. sawmill in El Dorado, Arkansas, formerly owned by Georgia Pacific; an expansion at Georgia Pacifics lumber and plywood plant in Gurdon, Arkansas, and the announcement of a new paper mill to be constructed in Clark County, Arkansas, near Arkadelphia. Construction of the new paper mill is expected to being in March, 2018, and is expected to consume 10,000 tons a day of pulp material.

General Site Characteristics

Ranging from bottomland hardwood to upland pine plantations, the properties offer a variety of soil types and characteristics. Due to this assortment of forest stand ages, these properties offer the potential of rotational utilization for market-timed timber production and/or recreational enhancement.

The property is composed of well-stocked, merchantable pine plantations; pre-merchantable pine plantations of varying ages; mature pine-hardwood stands; mature bottomland hardwood stands; and harvest- ed areas containing a mix of both planted pines and/or naturally regenerated hard- woods.

To learn more about this offering, please contact either TerraStone Land Company or United Country-Neeley Forestry Service by phone or email.

Access

The make-up of the access to the properties varies from direct state and local public roads to historical access across adjacent landowners.

Recreational Leases

Smith-Turner Timberlands have well established hunting clubs on many of the offered properties. Most of the acreage is leased for recreational use at an average rate of $5.50 per acre.

Disclaimer: All information provided by the owner, its agents, employees or representatives on the subject properties is provided solely for the convenience of prospective bidders. This includes, but is not limited to, map accuracy, map scales, forest stand acreages, boundary line locations, timber stand information, estimated mean per-acre timber volumes and/or any other specifics concerning the land and/or timber resources on the subject properties.

No warranty is made as to the value, access, merchantability, fitness for any particular purpose, harvesting suit- ability, quality of any land and/or the quantity or quality of timber resources on the subject properties, nor any implied or express warranties unless otherwise set forth herein.

Any and all maps, plats or other representations of the subject lands are intended for illustrative purposes only, being based on GIS-derived estimates and not on boundary surveys nor deeded acreages. Bidders are encour- aged to satisfy themselves concerning any and all attributes of the offered properties before submitting bids.

SALE OFFERING IS SUBJECT TO CHANGE, AT ANY TIME OR WITHOUT NOTICE, INCLUDING BUT NOT LIMITED TO: WITHDRAWAL FROM MARKET, PRICE CHANGE OR PRIOR SALE.