Tensaw Land & Timber Company Inc

What Tensaw Land & Timber Company Inc does

Tensaw Land & Timber Company, Inc. is a family-owned land management and commercial real estate holding company headquartered in Mobile, Alabama, founded on November 1, 1937 by Congressman Frank W. Boykin. The company owns and manages approximately 100,000 acres of timberland in Mobile and Washington Counties, Alabama, the majority of which is held under a long-term timber lease with Resource Management Services of Birmingham. The company is controlled by the third generation of the Boykin family, with Riley Boykin Smith serving as President and CEO since 1988 and Starr L. Boykin as Secretary/Treasurer, and a lean staff of 1-10 employees.

The company's revenue streams are diversified across three platforms. First, commercial real estate leasing and ownership of a portfolio of single-tenant retail properties (Dollar General stores in Mobile and Baldwin Counties, Burger King in Southaven, Mississippi, CVS, former Advance Auto Parts, and Zeigler Square, which houses Lazer Zone). Second, industrial and commercial land development centered on three parks along the Highway 43/I-65 corridor: Calvert Business Park, Highway 43 East Park Subdivision, and Salco 43 Industrial Estate, two of which are adjacent to the Outokumpu Stainless USA facility in Calvert on land Tensaw sold to ThyssenKrupp in 2007. Third, ancillary operations including the Turkey Trot Landfill joint venture (with Washington County Commission and Advanced Disposal Services, operating since May 2011), the Creekside Estates residential subdivision developed through subsidiary Carol Plantation, LLC with D.R. Horton, and the Frank and Ocllo Boykin Hunting Lodge in McIntosh.

The business model is asset-heavy and land-conversion oriented: Tensaw acquires, holds, and develops raw timberland into higher-value commercial, industrial, and residential uses, while monetizing the existing timber base through long-term leases and the existing commercial portfolio through net lease and rental income. Distribution is direct, primarily through relationships with the Mobile Area Chamber of Commerce, the Economic Development Partnership of Alabama, and the Washington County Economic Development Initiative, supplemented by printable marketing materials for industrial parks (e.g., Salco 43 Industrial Estate) and direct contract negotiations with national franchise operators. Pricing is not publicly disclosed, with one data point of $7.50 per square foot for Highway 43 frontage lots. Revenue is not publicly disclosed, and the company has never raised external capital, with no PE/VC involvement.

Name

Tensaw Land & Timber Company Inc

Legal name

Tensaw Land & Timber Company, Inc.

Website

https://tensawland.com

Company type

Private

Founded year

1937

Operating status

Operating

Headcount range

1–10 employees

Short description

Tensaw Land & Timber Company, Inc. is a family-owned Mobile, Alabama land management and commercial real estate firm managing approximately 100,000 acres of timberland, three industrial parks on the Highway 43/I-65 corridor near the Outokumpu steel facility, and a portfolio of single-tenant retail properties held primarily for lease.

Ownership category

akta.pro rank

Product category

Land Management and Commercial Real Estate Development

NAICS

Timber Tract Operations (11311), Timber Tract Operations (113110), Timber Tract Operations (1131), Support Activities for Forestry (1153)

SIC

Forestry (800)

akta.pro primary industry

Timber Tract Operations & Forest Ownership (Timberland) (IMAMAAAA)

akta.pro secondary industries

Timberland Asset Management & Consulting (AFAMAAAI), Timberland Leasing & Contract Administration (Hunting, Grazing, Recreation) (AFAMAKAD), Timberland Asset Management (Institutional/Private) (AFAMAKAA)

Keywords

• Timberland management
• Commercial real estate
• Industrial park development
• Land management services
• Commercial property leasing

Headquarters

HQ city

Mobile

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Commercial Real Estate Leasing: Revenue from leasing commercial properties including retail (Dollar General, CVS, Advance Auto Parts), restaurant (Burger King), and entertainment (Zeigler Square/Lazer Zone) locations in Mobile, Baldwin, and DeSoto Counties
2. Land Sales: One-time revenue from selling land for commercial and industrial development, including the 2,500 acre sale to ThyssenKrupp in 2007
3. Industrial Park Development: Revenue from developing and marketing commercial/industrial parks including Calvert Business Park, Highway 43 East Park Subdivision, and Salco 43 Industrial Estate
4. Timber Lease Management: Majority of approximately 100,000 acres of timberland under long-term lease with Resource Management Services in Birmingham, Alabama
5. Hunting and Oyster Leases: Revenue from managing timber, hunting, and oyster leases on land in Mobile, Baldwin and Washington counties

Distribution channels3 records

Marketing channels3 records

Core offering

Tensaw Land & Timber Company manages approximately 100,000 acres of timberland in Mobile and Washington Counties, Alabama, and develops, owns, and leases commercial and industrial real estate including three commercial/industrial parks near the Outokumpu Stainless USA plant in Calvert, retail tenant properties such as Dollar General and Burger King, and a residential subdivision (Creekside Estates) developed with D.R. Horton. Revenue is generated primarily through long-term timber leases with Resource Management Services, commercial property rentals, land and lot sales, and joint-venture operations such as the Turkey Trot Landfill.

Product overview

Tensaw Land & Timber Company operates as a diversified land management and commercial real estate investment firm offering a portfolio of industrial parks, commercial properties, timberland management, and residential development. The core offerings include three commercial/industrial parks (Calvert Business Park, Hwy 43 East Park Subdivision, and Salco 43 Industrial Estate) developed near the Outokumpu steel facility, commercial retail properties (Dollar General stores, Burger King, former Advance Auto Parts, Zeigler Square), approximately 100,000 acres of timberland under management, and residential development through the Creekside Estates subdivision partnership with D.R. Horton. The company also operates the Turkey Trot Landfill joint venture and manages the Frank and Ocllo Boykin Hunting Lodge for family and invitational events.

Differentiator

Problem solved

Functional benefit

Brands

• Frank and Ocllo Boykin Hunting Lodge: Family and invitational hunting lodge located in McIntosh, Alabama
• Salco 43 Industrial Estate
• Hwy 43 East Park Subdivision
• Calvert Business Park

Products and services

• Calvert Business Park Commercial/industrial park developed by Tensaw Land & Timber Company adjacent to the Outokumpu Stainless USA plant in Calvert, Alabama, offering commercial and industrial lots for sale or lease to support the steel processing facility and related businesses.
• Hwy 43 East Park Subdivision Commercial subdivision with lots for sale or lease in North Mobile County, Alabama, offering Highway 43 frontage adjacent to the Outokumpu steel plant for commercial development.
• Salco 43 Industrial Estate Industrial estate located at Salco Road and US Highway 43, offering warehouse, distribution, and retail sites serving the Highway 43/I-65 corridor.
• Zeigler Square Owned commercial property at the intersection of Zeigler and Schillinger Roads in Mobile, Alabama, leased to Lazer Zone, a laser tag and family entertainment center.
• Dollar General - Mobile County Owned Dollar General retail store located in Mobile County, Alabama, purchased by Tensaw in 2015 and operated under national retail tenancy.
• Dollar General - Baldwin County Owned Dollar General retail store located in Baldwin County, Alabama, purchased by Tensaw in 2015 and operated under national retail tenancy.
• Burger King - Southaven, MS Owned Burger King fast-food restaurant located in Southaven, Mississippi, purchased by Tensaw in 2017 and operated under national franchise tenancy.
• Former Advance Auto Parts Former Advance Auto Parts retail store at the intersection of Cottage Hill and Azalea Roads in Mobile, Alabama, owned by Tensaw and available for lease to commercial tenants.
• Turkey Trot Landfill Solid waste landfill joint venture between Tensaw, the Washington County Commission, and Advanced Disposal Services, Inc., providing disposal capacity for Mobile and Washington County residents and businesses.
• Timberland Management Management of approximately 100,000 acres of prime timberland in Mobile and Washington Counties of Alabama, with the majority under long-term timber lease with Resource Management Services in Birmingham, Alabama.
• Frank and Ocllo Boykin Hunting Lodge Family and invitational hunting events facility located at Double Gates in McIntosh, Alabama, used for hunting events.

Named customers8 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered major, core, strategic and minor.

• D.R. HortonmajorStrategic or Co-development PartnerTensaw has partnered through its subsidiary, Carol Plantation, LLC, with builder D.R. Horton in developing Creekside Estates, a residential subdivision in Mobile. This joint venture enables residential development on company-owned land.
• Outokumpu (formerly ThyssenKrupp)coreOthersIn 2007, Tensaw sold approximately 2,500 acres in North Mobile County to ThyssenKrupp for their multi-billion-dollar carbon steel processing facility in Calvert, Alabama. Two of Tensaw's three commercial/industrial parks are located adjacent to this facility.
• Resource Management ServicesmajorStrategic or Co-development PartnerThe majority of Tensaw's approximately 100,000 acres of timberland is under a long-term timber lease with Resource Management Services located in Birmingham, Alabama.
• Mobile Area Chamber of CommercestrategicGTM or Marketing PartnerTensaw works closely with the Mobile Area Chamber of Commerce, being investors in the Partners in Growth initiative, for economic development and property marketing.
• Economic Development Partnership of AlabamastrategicGTM or Marketing PartnerTensaw collaborates with the Economic Development Partnership of Alabama for industrial development and property marketing activities.
• Washington County Economic Development InitiativestrategicGTM or Marketing PartnerTensaw works closely with the Washington County Economic Development Initiative for economic development in the region.
• Advanced Disposal Services, Inc.majorStrategic or Co-development PartnerTurkey Trot Landfill is a joint venture between Tensaw, the Washington County Commission, and Advanced Disposal Services, Inc. (ADS). The landfill began operations on May 5, 2011 and provides disposal services for Mobile and Washington County residents and businesses.
• Washington County CommissionmajorStrategic or Co-development PartnerJoint venture partner with Tensaw and Advanced Disposal Services for the Turkey Trot Landfill, providing disposal space for both Mobile and Washington County residents and businesses.
• Alabama Forestry AssociationminorOthersTensaw is a member of the Alabama Forestry Association, supporting the forestry industry.
• Alabama Wildlife FederationminorOthersTensaw supports the Alabama Wildlife Federation and has conservation affiliations including the National Wild Turkey Federation.
• National Wild Turkey FederationminorOthersTensaw supports the National Wild Turkey Federation through membership and participation in conservation activities.
• North Mobile Internet Services, Inc.minorOthersWebsite Design and Hosting by North Mobile Internet Services, Inc.

Scale indicators5 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• Rayonier: Timberland REIT with a Southern U.S. timberland portfolio and a real estate development segment that converts timberland to higher-value uses. Closely parallels Tensaw's timber-plus-real-estate business model.
• Potlatch Deltic Corporation: Timberland REIT with significant Southern U.S. timberland holdings, including in the U.S. South. Comparable asset class and geographic exposure to Tensaw's Alabama timberland base, though operating at much larger scale and as a public REIT.
• CatchMark Timber (subsidiary of PotlatchDeltic): Previously a publicly traded timberland REIT focused exclusively on U.S. South timberlands, now part of Potlatch Deltic. Closely comparable asset focus (Southern U.S. timberland) though with a pure timberland (no real estate) mandate.
• Weyerhaeuser Company: Largest private timberland owner in the U.S. with a timberland REIT (Weyerhaeuser Timberlands) that manages millions of acres. Comparable in core activity (timberland ownership/management) but at vastly greater scale and as part of a broader forest products portfolio.

Direct peers

• Forestar Group: Publicly traded timberland REIT that combines timberland ownership with real estate lot sales to residential developers. Highly comparable to Tensaw's dual model of timberland stewardship plus active conversion to commercial/residential use.
• LongView Forest Holdings: Private timberland investment manager that owns and manages timberland for institutional investors. Comparable to Tensaw as a privately-held, asset-focused timberland holder with active land management.
• Molpus Woodlands Group: Timberland investment management organization that acquires and manages timberland assets for institutional and private owners on a fee basis — directly comparable to the asset-management role Resource Management Services performs for Tensaw.
• Wagner Forest Management: Timberland management company that provides timberland acquisition, management, and disposition services. Comparable service-line overlap to the role played by Resource Management Services for Tensaw.
• Resource Management Services: Birmingham, Alabama-based forestry and timberland management firm that already manages the majority of Tensaw's ~100,000 acres under long-term lease. Closest operational peer given overlapping timberland management services and shared Alabama geography.
• Hancock Natural Resource Group (Manulife Investment Management): One of the largest global timberland investment managers, operating a model similar to Tensaw's — owning/holding timberland assets and managing them for long-term value, with selective dispositions for higher-value use.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tensaw Land & Timber Company Inc