May 7, 2021

Economic yearbook 2011

Florida's Biggest Private Landowners

The 10 — which own about a tenth of the state — will play a key role in Florida's future.

Cynthia Barnett | 4/1/2011

4 Rayonier Timber

Rayonier Timber
[Photo: Will Dickey]

Publicly held diversified real estate investment trust (NYSE-RYN)
Florida acres: 401,000
Headquarters: Jacksonville

In addition to growing trees for pulp and lumber, Rayonier manufactures "performance fibers" from cellulose that are used around the world in products from LCD screens and pharmaceuticals to disposable diapers. In 2010, the company earned $214 million on performance fibers, $53 million on real estate and $33 million on timber.

President and CEO Lee Thomas says the company's long-term plans in Florida are to focus on growing trees and manufacturing performance fibers. But Rayonier will sell land through real estate subsidiary TerraPointe when values for residential and commercial development outweigh those for timber. Its holdings include 200,000 acres with high-value potential along the coastal Interstate 95 corridor between Savannah, Ga., and Daytona Beach.

Florida Business News

Florida Trend Video Pick

Miami’s Children Museum reopens after 14 months of COVID-19 closures
Miami’s Children Museum reopens after 14 months of COVID-19 closures

After 14 months, Miami’s Children Museum will physically reopen this weekend. It has maintained a strong online presence for children and families since the start of the pandemic.

Earlier Videos | Viewpoints@FloridaTrend

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