 ATLANTA, Aug. 11, 2021 PRNewswire -- CatchMark Timber Trust, Inc. NYSE: CTT today announced that it had completed the sale of 18,063 acres of prime Oregon timberlands known as the Bandon property for 100 million in cash, or approximately 5,536 per acre, to Roseburg Resources Co. The property had been purchased in August 2018 for 88.8 million or 4,916 per acre. The company recognized a gain on the sale of approximately 23 million. 