In 1699, 2,700 +/- acres of land, including the land now known as “Point Farm,” was granted by King William III to the son of a colonial governor of South Carolina. Point Farm is located on Wadmalaw Island on a peninsula surrounded by Ledenwah Creek and the North Edisto River as it flows into the Atlantic Ocean. In April 2017, ATC acquired 2,026 acres of Point Farm from the ancestors of the colonial governor who had passed its ownership from one generation to the next since its kings grant in 1699.
Point Farm has one half mile of deep water frontage, more than three miles of marsh frontage with view of Ledenwah Creek and the North Edisto River, it has views of the Atlantic Ocean, and it is 20 miles from historic downtown Charleston, SC. The property has historically been managed for agricultural product of pine trees and vegetables.
ATC learned about the potential availability of Point Farm in early 2014 through a relationship with a local financial adviser who suggested that the family should consult with ATC before making any decisions about the property’s future. Family land sales always have some emotional component and Point Farm was no different. The property sale process was long, nuanced, and at times tenuous.
During the sale process, ATC’s due diligence revealed the following potential value-adding opportunities:
ATC has just begun to execute its strategy for Point Farm.
All photos taken from American Timberlands owned or managed properties
1201 Main Street Suite 1980, Columbia, SC 29201 OFC 803.748.1224 FAX 803.748.1288
98 Centermarsh Lane, Pawleys Island, SC 29585 OFC 843.979.2221 FAX 843.979.2222