Rayonier is reporting that approximately 10,000 acres of their Louisiana timberland properties, sustained severe damage from Hurricane Laura, when she made landfall near Cameron Louisiana and moved inland through southwestern Louisiana. In Oregon, Rayonier is reporting that the Beachie Creek wildfire spread through approximately 9,000 acres owned by ORM Timber Fund II, which Rayonier manages and holds 20% economic interest. At the Slater Fire in Oregon, the wildfire spread through 1,000 acres owned by ORM Timber Fund IV, which Rayonier manages and in which Rayonier holds a 15% economic interest. Rayonier is reporting that they are currently assessing the magnitude of the damage and determining the salvage potential for the affected properties in both Louisiana and Oregon.
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Rayonier Reports Hurricane Damage in Louisiana and Wildfire Damage in Oregon