Domain Environmental Platform Mitigates Superfund Site Pollution
May 02 2024 - 10:27AM
Business Wire
Project has successfully reclaimed and restored
wildlife habitat along Oregon’s Willamette River
Domain Capital Group, LLC, a comprehensive private investment
management services firm, and its subsidiary, Domain Timber
Advisors, LLC (DTA), today announced a transaction involving a
high-profile Oregon Superfund site and its co-investment vehicle
that focuses on ecological restoration projects that generate
environmental offset credits.
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Located on 52 acres at the southern tip
of Sauvie Island along the confluence of the Multnomah Channel and
Willamette River, the Alder Creek project was the first habitat
restoration effort implemented specifically to benefit fish and
wildlife affected by years of industrial contamination in Portland
Harbor. (Photo: Business Wire)
Domain received an award of funds for the transfer of more than
20 Discounted-Service-Acre-Year (DSAY) credits from their Alder
Creek Restoration Project, after completion of a live auction
conducted by the Portland Harbor Natural Resource Trustee Council.
A DSAY represents the annual value of all ecosystem services
provided by one acre of restored habitat as determined by a Habitat
Equivalency Analysis performed during the Alder Creek permitting
process.
Located on 52 acres at the southern tip of Sauvie Island along
the confluence of the Multnomah Channel and Willamette River, the
Alder Creek project was the first habitat restoration effort
implemented specifically to benefit fish and wildlife affected by
years of industrial contamination in Portland Harbor.
“Hundreds of acres of rare, sensitive wildlife habitats that
once thrived and were abundant suffered from the impacts of heavy
industry operating along the waterway,” said Alton Owens, Domain’s
Director of Natural Capital. “Restoration activities at Alder Creek
included removal of a decommissioned sawmill, excavation of
non-native fill and replacement of native soils in the floodplain,
reshaping of natural riverbanks, planting of native trees, shrubs,
and grasses, creation of shallow water channels, beaches and
mudflats, and seasonal wetlands.
“The aquatic habitats created provide resting and feeding areas
for young salmon and lamprey, as well as foraging areas for
resident and migratory birds. Along the shore, improved beaches,
wetlands, and riparian habitat provide access to suitable refuge
for mink, while forests provide shelter and nesting sites for a
variety of native wildlife,” Owens added. “We are incredibly
excited about the continued ecological success story of Alder
Creek, which both achieves the investment objective of our fund and
makes a lasting impact on such a historically important
ecosystem.”
In conjunction with the Portland Harbor Trustee Council, the
project was developed and is managed by the fund’s operating
partner; Rocklin, California-based Wildlands, Inc., an industry
leader in habitat mitigation solutions. Wildlands assists public
and private developers in complying with complex resource agency
permit requirements through the restoration of regulated streams,
wetlands, and rare species’ habitat.
More information on the Alder Creek Restoration Project can be
found on the websites of Wildlands, the U.S. Environmental
Protection Agency and the U.S. Fish and Wildlife Service.
About Domain Capital Group
Atlanta-based Domain Capital Group, LLC provides comprehensive
private investment management services, through its registered
investment adviser subsidiaries, to institutions, public and
private pensions, corporations, foundations, endowments and
high-net-worth individuals. Domain Capital Group’s investment
professionals are experienced across a diverse range of asset
classes and investment strategies, including real estate, natural
resources, media, entertainment, technology, and credit and other
financial services. As of December 31, 2023, Domain managed
approximately $7.8 billion in total assets through its two
registered subsidiaries, Domain Capital Advisors, LLC and Domain
Timber Advisors, LLC. The figures presented herein are preliminary
and are provided for informational purposes only. The total assets
under management figures are based on internal estimates and may be
subject to adjustments following the completion of Domain’s 2023
annual audit. The assets are comprised of approximately $6.7
billion in real estate, debt, alternative, and other assets
constituting Regulatory Assets Under Management (“RAUM”) and
approximately $1.1 billion in non-RAUM which includes real
properties and additional loans serviced. Please refer to each
firm’s Form ADV for additional details. For further information,
visit domaincapitalgroup.com.
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Mike Rieman Cookerly Public Relations 404.419.9230
mrieman@cookerly.com