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

$1.6 Billion Acquired and $800 Million Sold Since 2011 Change in Acres by Location Since January 2011 (000 Acres) +3 +61 -74 +18 +62 -8 +1 -22 +67 +96 +144 -44 -128 Rayonier 27 Investor Relations | August 2017

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