 ATLANTA, June 22, 2021 PRNewswire -- CatchMark Timber Trust, Inc. NYSE: CTT today announced a definitive agreement to sell 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. CatchMark purchased the property in August 2018 for 88.8 million, or 4,916 per acre, exclusive of transaction costs. The company expects to recognize a gain on the sale in excess of 20 million in the third quarter of 2021. 