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Vision Ridge sells mitigation banking portfolio

Real assets investor Vision Ridge Partners has sold a portfolio of mitigation banking assets in southeast Texas.

Over the past five years, Vision Ridge partnered with The Earth Partners, an ecological restoration company that seeks to maximise environmental, social, and financial outcomes, to develop and manage the portfolio.
 
Mitigation banks are properties with wetland, stream, or other aquatic resources that have been restored, established, or preserved in exchange for credits. The Clean Water Act mandates that any impact to aquatic resources from permitted uses, such as development of transportation or energy infrastructure, be compensated for by purchasing credits from mitigation banks. This compensatory system enables mitigation banks to foster responsible development while restoring and maintaining rich ecosystems.
 
The portfolio Vision Ridge has sold includes three operational mitigation banks – Gulf Coastal Plains, Houston Conroe, and Tarkington Bayou – all of which provide environmental wetland and stream credits across the Galveston Bay region of Texas, including the greater Houston area. The portfolio, which is protected in perpetuity through conservation easements enforced by local non-profits, has restored and preserved over 2,000 acres of wetlands and 60,000 linear feet of stream waters.

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