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Sutherland Represents The Forestland Group in $465 Million Acquisition of Anderson-Tully Company

October 31, 2005

ATLANTA (October 31, 2005) – Sutherland Asbill & Brennan LLP is representing Heartwood Forestland Fund V, L.P., an affiliate of The Forestland Group, LLC ("TFG") in the acquisition of privately held REIT Anderson-Tully Company ("ATCO").

The unanimously approved agreement, announced October 5, results in TFG's acquiring all of the outstanding shares of ATCO for approximately $500,000 per common share in cash, implying an enterprise value for the Company of approximately $465 million.

The multi-practice Sutherland team was led by Partners Victor Haley (Real Estate), Tom Herman (Corporate), and Danny McKeithen (Tax), and included Partners Ed Kallal (Corporate), Alice Murtos (Tax), and Randy Quintrell (Litigation); as well as Counsel Rob Smith (Tax); and Associates David Zimmerman (Corporate), Quito Anderson (Real Estate), Elizabeth Howard (Real Estate), and Amanda Wilson (Tax).

The Forestland Group invests university endowment and foundation funds in hardwood timberlands and presently owns 1.8 million acres.  ATCO owns 300,000 acres of timberland and related conversion facilities in Mississippi, Louisiana, Arkansas and Tennessee.

Sutherland Asbill & Brennan LLP is a national law firm known for solving challenging business problems and resolving unique legal issues for many of the nation's largest companies.  Founded in 1924, the firm has grown to approximately 500 lawyers with offices in Atlanta, Austin, Houston, New York, Tallahassee and Washington.  For further information about the firm, please visit sutherland.com.

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