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TIMBERLAND ACQUISITIONS
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
TIMBERLAND ACQUISITIONS TIMBERLAND ACQUISITIONS
During 2024, we acquired approximately 7,000 acres of U.S. timberland located in Florida and Georgia through three transactions for an aggregate value of $22.8 million, which were funded with cash on hand.
During 2023, we acquired approximately 4,000 acres of U.S. timberland located in Florida, Georgia, Texas and Washington through six transactions for an aggregate value of $13.2 million, which were funded with cash on hand and like-kind exchange proceeds. We also incurred approximately $0.9 million of additional costs associated with acquisitions completed in the prior year.
The following table summarizes the timberland acquisitions for the years ended December 31, 2024 and 2023:
20242023
CostAcresCostAcres
Alabama (a)— — $231 — 
Florida15,660 5,175 4,809 2,194 
Georgia (a)7,093 1,966 333 16 
Louisiana (a)— — 74 — 
Texas (a)— — 5,024 1,317 
Washington— — 3,591 353 
Total Acquisitions$22,753 7,141 $14,062 3,880 
(a)Includes costs incurred in 2023 associated with acquisitions completed in the fourth quarter of 2022.