Rayonier sells two timber funds to btg pactual's timberland investment group

Wildlight, fla.--(business wire)--rayonier inc. (nyse:ryn) has sold the rights to manage two timber funds (fund iii and fund iv) that were previously managed by its olympic resource management (orm) subsidiary, as well as its co-investment stake in both funds, to btg pactual's timberland investment group (tig) for an aggregate purchase price prior to closing costs of $35.9 million. the transaction will be reflected in third quarter financial results. collectively, the funds that were sold compr
RYN Ratings Summary
RYN Quant Ranking