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Investor Presentation

Overview of Wildlight Development wildlight Initial phase commenced development in March 2016 ■ Well positioned in a growing sub-market Wildlight Elementary School & Rayonier HQ Office Building completed August 2017 6-lane A1A highway and improved Interstate 95 interchange completed in 2021 ■ Publix grocery store at Wildlight opened June 2022 Project Sales to Date: $82.9 Million (1) ($ in millions) Lot Price True-Ups $4.2 Rayonier Corporate Headquarters Commercial $31.3 Industrial $7.3 Marketing Fees $2.0 Residential $38.2 (1) Includes sales from 2017 Q3 2023 totaling 544 gross acres. Rayonier (2) Includes multi-family and build-to-rent parcels totaling 81 acres for $14.2 million. Investor Presentation | November 2023 Founder's Park Neighborhood 51
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