Rayonier Completes Sale of New Zealand Business to The Rohatyn Group

Rayonier, a leading timberland real estate investment trust (REIT) with assets located in some of the most productive softwood timber growing regions in the United States, announced on Monday (6-30-25), it has completed the previously announced sale of entities holding, its 77% interest, in the New Zealand joint venture to a special purpose vehicle owned by an investment fund managed by The Rohatyn Group (“TRG”), a global asset manager specializing in emerging markets and real assets, for a purchase price of $710 million.

Net proceeds to Rayonier, after adjusting for estimated net debt, working capital, transaction costs, and other closing adjustments, are expected to be $699 million.

In a statement prepared for the news release Rayonier’s President and Chief Executive Officer Mark McHugh said, “We have now completed roughly $1.45 billion of dispositions since introducing our asset disposition and capital structure realignment plan in November 2023—significantly exceeding the original $1 billion target. The success of this plan has allowed us to achieve our new leverage target in a manner that has been accretive to both CAD* and NAV per share, as well as better position Rayonier to create long-term value for our shareholders going forward.”