Rayonier Inc, headquartered in Wildlight, Florida, is a timberland real estate investment trust ("REIT") with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand.

The company also has a 77% ownership interest in Matariki Forestry Group, a joint venture, that owns or leases approximately 417,000 acres of timberlands in New Zealand.

[2] Rayonier was founded in 1926 as the Rainier Pulp and Paper Company in Shelton, Washington, with a headquarters office in San Francisco, California.

As World War II ended, Rayonier began making large land purchases in the Pacific Northwest.

In March 2008, the company purchased 56,300 acres (228 km2) for $215 million in southwest Washington state from Sierra Pacific [12] In March 2013, the company sold its wood products division, including its mills in Baxley, Swainsboro, and Eatonton, Georgia, to British Columbia-based International Forest Products (Interfor) for $80 million.

[14] A class action against members of the former management team by certain shareholders was launched for the period from October 26, 2010, to November 7, 2014, claiming over-harvesting while communicating publicly harvesting below a sustainable rate.

[15] On October 5, 2017, the court entered orders approving the settlement and a plan of distribution terminating these class actions.

[3][18] In August 2015, Rayonier announced its ownership in the New Zealand joint venture will increase from 65% to approximately 77%, as part of an anticipated recapitalization of the JV.

[20] In August 2017, Rayonier consolidated its corporate headquarters, real estate, and forest resources offices into a newly constructed, state-of-the-art building in Wildlight, Florida.