Rayonier announces timberland dispositions totaling $495 million

Wildlight, fla.--(business wire)--rayonier inc. (nyse:ryn) today announced completed and pending timberland dispositions totaling ~200,000 acres for an aggregate purchase price of $495 million (~$2,475/acre) as part of its previously announced asset disposition and capital structure realignment plan. the dispositions consist of approximately 91,000 acres in southeast oklahoma and 109,000 acres on the olympic peninsula in northwest washington. the properties were sold through four separate trans.
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