Le Lézard
Classified in: Environment
Subjects: Photo/Multimedia, Product/Service

Domain Environmental Platform Mitigates Superfund Site Pollution


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.

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.


These press releases may also interest you

at 03:35
EnerSys , the global leader in stored energy solutions for industrial applications, has secured the 2024 Energy Storage Product of the Year Award at the Electrical Review and Data Centre Review Excellence Awards. EnerSys was also shortlisted for...

at 03:00
At the Summit on Clean Cooking in Africa, World Resources Institute (WRI) and the Clean Cooking Alliance (CCA) announced a strategic partnership to further embed clean cooking into a broad range of sustainable development initiatives across the two...

16 mai 2024
Mr. Narongsak Jivakanun (Second from left), CEO of PTT Global Chemical Public Company Limited (GC) presided over the signing ceremony and extended his congratulations to Krungthai Bank and NatureWorks - a joint venture of GC and a leading...

16 mai 2024
Museums hold the power to freeze time. Wandering through these tributes to the past, visitors are transported across history, from imagining the lives of our prehistoric ancestors and marvelling at the vibrant creativity of contemporary artists, to...

16 mai 2024
Tampa-based AquaTech Eco Consultants proudly announces the celebration of its 10-year anniversary on May 16, 2024. Since 2014,...

16 mai 2024
Yelp Inc. , the leading platform for connecting people with great local businesses, released its annual Environmental, Social and Governance (ESG) Report today. The report details Yelp's continued work in creating an inclusive employee experience,...



News published on and distributed by: