First Coast Land and Timber has purchased more than 17 square miles of timberland in Northeast Florida from Rayonier, the nation’s third-largest timber REIT. The first tranche, which closed in December, totaled 4,000 acres, and the second tranche, which closed…
Tagged with: Cunniff & Goldfarb Inc.
, First Coast Land and Timber
, hedge fund
Posted in Feature
, News Desk
Jacksonville-based timber REIT Rayonier announced that it has entered into three separate transactions with different sellers in Florida, Georgia, and South Carolina to acquire approximately 95,100 acres of high-quality industrial timberlands. The aggregate purchase price will be $217 million ($2,280…