U.S. South Historical Valuation Snapshot
Overview of Wildlight Development
wildlight
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Initial phase commenced development in March 2016
■ Well positioned in a growing sub-market
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Rayonier owns ~24,000 acres in a 5-mile radius
■ Total Sales Project-To-Date (1):
■ Residential:
$32.9MM gross sales (206 gross ac)
■
Commercial (2):
$29.9MM gross sales (152 gross ac)
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Industrial:
$7.3MM gross sales (87 gross ac)
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Lot Price True-Ups: $2.9MM
Wildlight Elementary School & Rayonier HQ Office
Building completed August 2017
■ 6-lane A1A highway and new Interstate 95 interchange
completed in 2021
■ Publix grocery store at Wildlight opened June 2022
W
Our strategy is to target Northeast Florida market demand and catalyze value across our
significant land holdings in the area over time.
(1)
Includes sales from 2017 - Q1 2023. Excludes marketing fees.
Rayonier (2) Includes multi-family and build-to-rent parcels totaling 81 acres for $14.2 million.
Investor Presentation | May 2023
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