Timber Assets (Tables)

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Schedule of timber and timberlands

As of December 31, 2014 and 2013, timber and timberlands consisted of the following, respectively:

	As of December 31, 2014
	Gross		Accumulated Depletion or Amortization		Net
Timber	$	258,648,037	$	14,788,215	$	243,859,822
Timberlands	298,943,503		—		298,943,503
Mainline roads	614,513		316,601		297,912
Timber and timberlands	$	558,206,053	$	15,104,816	$	543,101,237

	As of December 31, 2013
	Gross		Accumulated Depletion or Amortization		Net
Timber	$	149,859,173	$	8,505,024	$	141,354,149
Timberlands	184,114,333		—		184,114,333
Mainline roads	498,237		240,321		257,916
Timber and timberlands	$	334,471,743	$	8,745,345	$	325,726,398

Timberland Acquisitions

During the year ended December 31, 2014, CatchMark Timber Trust acquired the following timberland properties:

Property Name	State(s)	Date of Acquisition	Acres	Purchase Price exclusive of closing costs (in millions)
Waycross - Panola properties	Georgia / Texas	April 11, 2014	36,320	73.7
Satilla River property	Georgia / Florida	October 2, 2014	17,913	34.3
Oglethorpe property	Georgia	October 2, 2014	37,663	76.4
Beauregard property	Louisiana	October 30, 2014	21,009	38.0
Small property acquisitions (1)	Georgia		8,707	$	12.8
Total			121,612	$	235.2

⁽¹⁾ Small property acquisitions represent completed acquisitions with individual purchase prices less than $20.0 million.