Rayonier sells 36,000 acres Washington timberlands for $145 million in portfolio shift
RYN•Timberland transactions reshape portfolio
Rayonier completed timberland transactions with Resource Management Service to reshape its portfolio.
- Sold about 36,000 acres of timberlands in southwest Washington for $145 million.
- Bought about 57,000 acres of timberlands in Alabama and Texas for $146 million.
- The deal is expected to add about $3 million a year in Adjusted EBITDA from timber operations over the next 10 years.
