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Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.73 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (417,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a ?look-through basis?, the Company's ownership in the timber fund business equates to approximately 17,000 acres.


Rayonier was founded in 1926 as the Rainier Pulp and Paper Company in Shelton, Washington, with a headquarters office in San Francisco, California. Its name was inspired by Mount Rainier in Washington state. Its first mill opened the next year in Shelton Washington, on the Olympic Peninsula. The mill used Tsuga heterophylla trees to create a premium bleached paper pulp.

In September 1930, Rainier Pulp and Paper began working with the DuPont chemical company to produce hemlock pulp for the manufacture of rayon. Two additional pulp mills were constructed and began operation in the state of Washington at Hoquiam, Washington and Port Angeles, Washington.

Rainier Pulp and Paper changed its name to Rayonier, a portmanteau of the words rayon and Rainier, in 1937, when it became a publicly traded company. The following year, the company acquired timber stands in the southeastern United States, and began construction of a Fernandina Beach, Florida, pulp mill, which began production in 1939.In 1944, the company moved its offices to New York City. As World War II ended, Rayonier began making large land purchases in the Pacific Northwest. The Rayonier Foundation was created in 1952 to provide assistance to charitable, civic and education organizations in the communities where Rayonier did business.Rayonier opened international sales offices in Europe and Asia during 1954. That same year, another pulp mill in the southeast was constructed at Jesup, Georgia. High demand prompted the facility to double its capacity by 1957.ITT purchased the company in 1968 and the name changed to ITT Rayonier.

The Jesup mill grew larger in 1974, becoming the largest pulp mill on earth.Company headquarters were moved again in 1978; this time to Stamford, Connecticut.

Diplomatic relations with China were restored in 1979. The following year, Rayonier received orders for pulp and logs. It took almost five years to receive permission to open an office in Beijing in 1985.A log-trading office was opened in New Zealand during 1988. The New Zealand government sold Rayonier 250,000 acres of timberland in 1992.The company was spun off from ITT in 1994 with the company name reverting to Rayonier and shares again traded on the New York Stock Exchange.

Rayonier purchased 969,000 acres of timberland in Florida, Georgia and Alabama in 1999, then relocated the corporate offices to Jacksonville, Florida, to be closer to company employees and properties.Rayonier converted to a real estate investment trust on January 1, 2004.

TerraPointe LLC was established in 2005 to manage properties with development potential.

The 2006 purchase of 228,000 acres in six states brought the company's total of land owned, leased or managed to 2,600,000 acres in the U.S. and New Zealand.

In March 2008, the company purchased 56,300 acres for $215 million in southwest Washington state from Sierra Pacific In March 2013, the company sold its wood products division, including its mills in Baxley, Swainsboro, and Eatonton, Georgia, to British Columbia-based International Forest Products for $80 million.In April 2013, the company increased its shareholding in the joint venture Matariki Forestry Group in New Zealand from 26% to 65% for $140 million.

In May 2014, Rayonier named David L. Nunes as post-separation president and CEO for Rayonier.A class action against members of the former management team by certain shareholders was launched for the period from October 26, 2010, to November 7, 2014, claiming over-harvesting while communicating publicly harvesting below a sustainable rate.

On October 5, 2017, the court entered orders approving the settlement and a plan of distribution terminating these class actions.

In June 2014, Rayonier spun off its performance fibers business into an independent, publicly traded company, Rayonier Advanced Materials Inc. . Shareholders of Rayonier received one share of the new Rayonier Advanced Materials company for every three shares of Rayonier on June 27, 2014.In August 2015, Rayonier announced its ownership in the New Zealand joint venture will increase from 65% to approximately 77%, as part of an anticipated recapitalization of the JV.In May 2016, Rayonier announced upgrades to it Pacific Northwest timberland portfolio through the acquisition of 61,000 acres of timberlands in western Oregon for $263 million, and a disposition of 55,000 acres comprising predominantly pre-merchantable timber in Washington state for $130 million.In August 2017, Rayonier consolidated its corporate headquarters, real estate, and forest resources offices into a newly constructed, state-of-the-art building in Wildlight, Florida.

In May 2020, Rayonier acquired Pope Resources in the Pacific Northwest.

To create long-term value for our shareholders through our timberland investments and other businesses.

To be the premier international timberland company with a portfolio of premier timberlands that is highly valued by all of our stakeholders.

Key Team

Mr. Douglas M. Long (Sr. VP of Forest Resources)

Ms. Shelby L. Pyatt (VP of HR & Information Technology)

Mr. Christopher T. Corr (Sr. VP of Real Estate Devel.)

Ms. April J. Tice (VP of Financial Services & Corp. Controller)

Mr. Collin Philip Mings C.F.A. (VP of Capital Markets & Strategic Planning)

Recognition and Awards
Rayonier has been recognized by the Forest Stewardship Council for its responsible forestry practices. The company was also named to the 2017 NAREIT Leadership Index, which recognizes the top performers in the real estate industry.

Leadership team

Mr. David L. Nunes (Pres, CEO & Director)

Mr. Mark D. McHugh (Sr. VP & CFO)

Mr. Mark R. Bridwell (VP, Gen. Counsel & Corp. Sec.)

Products/ Services
Number of Employees
100 - 500
Jacksonville, Florida, United States
Company Registration
SEC CIK number: 0000052827
Net Income
100M - 500M
500M - 1B
Traded as
Social Media
Fri Mar 01 2024

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