Changing demographics, particularly in the southeast U.S., continue to make thousands of acres of Rayonier's extensive timberlands far more valuable for uses other than growing timber. These properties have great economic potential for residential and commercial development, recreation, conservation, or public infrastructure.
In particular, Rayonier owns 200,000 acres of high-value properties in the rapidly developing coastal counties along the Interstate 95 corridor between Savannah, Ga., and Daytona Beach, Fla.
Our real estate development subsidiary, TerraPointe LLC, is focused on maximizing the value of its properties through entitlements, and by partnering with premier developers.
