Rayonier - Best-in-Class, Pure-Play Timber REIT

Local Context: NE Florida's Growth Momentum is North Georgia Florida Wildlight Project Rayonier INTERSTATE 10 95 40mi Nassau Co 30mi ༄ད་ཁཋཀ ཀ Amelia Island 20mi Jacksonville Rayonier Land Holdings Urbanized Areas Environmental Areas Jacksonville MSA: 1,480,000 (2016 US Census Estimate) Int'l Airport 295 10mi River City Marketplace Single Family Building Permits 10,000 AIA Jacksonville MSA Nassau County 9,000 1,400 8,595 1,200 8,000 7,000 7,253 1,000 6,281 6,303 1,007 Jacksonville 6,000 800 800 5,000 4,579 St. Johns Jacksonville Beach 600 4,000 3,380 3,245 Town Center • 3,000 550 481 400 2,000 309 305 295 Ponte 244 200 1,000 Vedra Nassau %: 7.2% 9.5% 6.7% 7.7% 8.7% 11.0% 11.7% Beach 2010 2011 2012 2013 2014 2015 2016 301 10mi 20mi Durbin Crossing 30mi 95 Nocatee Atlantic Ocean N St. Augustine 0 10 20 34 mi

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