ArrowheAd TimberlAndsLake County, Minnesota

25,000 Acres ±

Spruce/Fir29%

Other Hardwood27%

Other Softwood25%

Aspen10%

Red Pine8%

Jack Pine1%

Product Distribution

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

4 6 8 10 12 14 16 18 20 22 24 26 28 30

Volume (Cords)

Diameter Class (in)

Volume by Diameter Class

Pulpwood Bolt Sawtimber

206

15

2

20

172

53

UV61

UV1

UV61

116

213

2

361

102

5036

53

122

266

15

258

175

BearIslandState

Forest

CloquetValleyState

Forest

FinlandState Forest

SuperiorNational Forest

Sand LakePeatland

SNA

Silver Bay

Two Harbors

NinemileLake

PineLake

ButterballLake

RoundLake

FourmileLake

WhitefishLake

BassettLake

SevenBeaverLake

KingLake

BigLake

FrearLake

WilsonLake

Birch Lake

GreenwoodLake

SilverIslandLake

WindyLake

SandLake

DumbbellLake

Arrowhead Timberlands25,102 GIS Acres +/-

Lake County, Minnesota ¶

Note: This is not a legal survey, but a depiction of the property as described by the landowner.Digital base data provided by ESRI and TheMinnesota Geospatial Commons

LegendArrowhead Timberlands

Federal Land

County/Local Road

ATV/Snowmobile Trail

Tahquamenon River

!"#$35

£¤53

£¤2

£¤169

£¤53

£¤2

State Highway

0 5 10 15Miles

Superior Hiking Trail

LAKE

SUPERIOR

State Land

County Land

LA

KE

CO

ST

.L

OU

ISC

O

CO

OK

CO

LA

KE

CO

!Duluth

0 20 40Miles

W I

M N

!

Ely

!Virginia

!

TwoHarbors

! SilverBay

!

GrandMarais

LAKESUPERIOR

611

Map Area

Minneapolis

Winnipeg!

!

Milwaukee!

MN

WI

ON

MI

IA

!

ThunderBay

MB

^

The statements and figures presented herein, while not guaranteed, were secured from sources we believe reliable. Descriptions, images and design; ©Copyright LandVest Inc., 2016. All brokers/salespersons represent the seller, not the buyer, in the marketing, negotiating and sale of property, unless otherwise disclosed. However, the broker/salesperson

has an ethical and legal obligation to show honesty and fairness to the buyer in all transactions. Listing # MN0102.

Arrowhead Timberlands, located entirely within Lake County in Northeastern Minnesota, is an investment-grade timberland resource. Measuring approximately 25,102 acres ±, this investment opportunity is composed of timber in various stages of maturity, appealing to investors interested in asset appreciation from growth and product appreciation, cash flow from harvesting, conservation opportunities, and retail recreational sales. Primarily featuring aspen, spruce/fir, cedar, and red pine stand types, Arrowhead Timberlands is located in a vibrant and healthy forest products economy.

Located 30 to 70 miles northeast of Duluth, Minnesota and just inland from the Lake Superior coastal towns of Two Harbors and Silver Bay, the property is on the southeastern fringe of the Northwoods Region and on the doorstep of the Boundary Waters Canoe Area Wilderness. Iron ore, precious metals, timber, and recreational tourism have all been long-standing contributors to the healthy economy in the Arrowhead Region of Minnesota. Configured into several tracts ranging in size from 37 to more than 4,000 acres, Arrowhead Timberlands is the largest private ownership in Lake County. The topography in the area is flat to rolling and includes both upland and lowland sites. Lakes and ponds speckle the landscape while rivers and streams interlace the region. Public road infrastructure is well maintained and efficient for servicing the timberlands.

Listed with Perrella & Associates in association with LandVest$12,500,000

The timber resource features a diverse mix of cover types and age classes. Aspen, spruce/fir, and red pine stands dominate the composition. White cedar stands and northern hardwood types are also found throughout the property. A balanced age-class distribution provides near-, medium-, and long-term opportunities for cash flow from harvesting. In total, Arrowhead timberlands carries 327,000 cords of merchantable forest products.

This region has a refreshingly vibrant, well-developed, vertically integrated forest products economy. Primarily a pulpwood and low-grade resource, there are several large pulp mills, engineered wood plants, and sawmills within operating distance of the property. Arrowhead Timberlands, historically owned and operated by vertically integrated paper companies, has been managed for forest products for generations. More recently, a Duluth-based family ownership has guided stewardship resulting in a portion of the property benefiting from a Conservation Easement (CE). The CE, held by the state of Minnesota, is designed to allow for multiple uses including continued forest management and public access.

Qualified buyers will have access to a virtual data room which contains requisite property details to assist with due diligence and offer preparation. All Communications, inquiries, and requests for information relating to these materials should be addressed to the individuals below.

David SpeirsProject Manager

207-874-4982 │ dspeirs@landvest.com

Greg PerrellaMinnesota Broker

218-262-5582 │ gregperrella@yahoo.com