CatchMark Timber Trust, Inc. (NYSE:CTT) entered into a purchase and sale agreement to acquire residual acres of more than 2,400 acres of high-quality timberlands in Alabama and South Carolina after the quarter ending March 31, 2022. After the quarter's close, CatchMark entered into two separate purchase and sale agreements to acquire more than 2,400 acres of high-quality timberlands in Alabama and South Carolina for approximately $5 million. The acquisitions will be funded with cash on-hand and are expected to close by early third quarter. The transactions fit the company's acquisition target objectives with long-term portfolio accretive attributes.