Rayonier RYN today announced it has acquired approximately 62,600 acres
of timberlands in East Texas. The property, purchased from a private ownership
group for $88 million, or $1,406 per acre, brings the company's total
ownership in Texas to over 150,000 acres.
The timberlands are located principally in Liberty, Polk and Trinity counties.
Rayonier owns, leases or manages approximately 2.7 million acres in 10 states
in the U.S. and New Zealand.
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