Greg Fullem

Experience

Timber and Forest Product Transactions

• Acted as lead counsel with regard to the acquisition of over 300,000 acres of timberlands in the Shasta Region of Northern California in two separate transactions for affiliated timber investment management organization entities.
• Represented a timber investment management organization in the acquisition of 1.55 million acres of timberland located in Texas, Louisiana, Georgia, and Alabama involving approximately 1.38 million fee acres and approximately 175,000 acres of leasehold property.
• Served as lead counsel for a timber investment management organization in the disposition of 111,967 acres of timberlands in Mendocino County, California, and related rights and property.
• Served as real estate and natural resources counsel for North America’s largest manufacturer of hardwood plywood and hardwood veneer products, which operates facilities throughout the United States and Canada.
• Served as lead counsel on numerous large-scale conservation easement transactions in Oregon, Washington, and California on behalf of both land trusts and industrial timberland owners, including transactions involving Forest Legacy Program “working forest” conservation easements on the southern slopes of Mt. St. Helens in Skamania County and on the Olympic Peninsula in Washington state, in the Arch Cape Region on the Oregon Coast, on the East Moraine adjoining Wallowa Lake in Eastern Oregon, and in the Redwood forests of Humboldt County, California.
• Served as lead counsel for acquisition, funding, and operational issues related to a small-diameter log mill facility and accompanying integrated biomass energy campus in Wallowa, Oregon.
• Represented a timber investment management organization regarding its sale to a third-party commercial timberlands owner of approximately 176,000 acres of timberland interests comprised of fee, timber deeds, and leaseholds located in upstate New York, Texas, Oklahoma, Arkansas, Alabama, and Louisiana.

Carbon Transactions

• Represented a conservation entity that owns a 50,000-acre tract in the redwood region in California regarding its sale of a complex working-forest conservation easement and its subsequent verification and disposition of a significant volume of forest carbon credit offsets under both the voluntary Climate Action Reserve carbon market and the economy-wide carbon cap-and-trade market in California administered by the California Environmental Protection Agency Air Resources Board.
• Advised a carbon project developer client on the deal structure and created documents pertaining to an approximately 75,000-acre improved forest management carbon project in Alaska, and its companion project which involved the permanent retirement of approximately one billion tons of coal reserves by way of equitable servitude.
• Advised a carbon project developer in connection with a large-scale grasslands carbon project in Montana.
• Reviewed and revamped carbon project transaction documents, including carbon development agreements and Emission Reduction Purchase Agreements (ERPAs), for several different carbon developers and landowners.
• Advised project developer regarding a proposed large-scale innovative reforestation carbon project in Oklahoma.
• Advised various landowners and project developers on negotiations and documentation regarding multiple ERPA transactions providing for the sale of over 10,000,000 offsets and/or allowances to regulated and unregulated third-party purchasers.
• Advised a carbon project developer regarding an improved forest management carbon project on lands located in the Arch Cape region of the Oregon Coast.
• Advised a carbon project developer on aspects of a proposed forest conservation carbon project in Oceania that would generate offset credits to be traded in the European carbon market.
• Counseled on sale of forest carbon offsets by a Northern California tribal entity to a natural gas company.

Port & Energy-Related Real Estate Transactions

• Counseled an Oregon port regarding its acquisition of a railroad and the real estate, natural resources, and financing aspects of its negotiations with the developer of a high-profile container and bulk marine terminal.
• Advised the developer of a 205-megawatt, 89-turbine wind farm built on 9,500 acres near Goldendale, Washington. At the time, the project was the largest public-power-initiated wind project in the United States, developed in part by four consumer-owned Washington public utilities.
• Handled real estate and financing matters with respect to the development of a 22-megawatt geothermal plant in Neal Hot Springs in Eastern Oregon.
• Served as lead counsel with regard to various solar energy development projects, alternatively acting as counsel for landowners, solar project developers, and lenders.