Rayonier, a major timberland real estate investment trust, has signed a lease for its new corporate headquarters in the heart of Buckhead — the first physical step in anchoring a newly merged timber giant in Atlanta following the close of its all-stock “merger of equals” with Washington State PotlatchDeltic on Jan. 30, 2026.
The now-combined company owns 4.2 million acres of timberland across 11 states — 3.2 million of them in the U.S. South and roughly 931,000 in the Pacific Northwest, concentrated in Idaho, Washington and Oregon. It also operates six sawmills and an industrial-grade plywood mill, making it one of the largest publicly traded timber and wood-products companies in North America, with a pro forma equity market capitalization of about $7.1 billion and an enterprise value near $8.2 billion.
The relocation caps a sweeping financial deal. Announced in October 2025 and finalized after market close on Jan. 30, the merger combined Florida-based Rayonier with Washington-based PotlatchDeltic, with PotlatchDeltic shareholders receiving 1.7339 Rayonier shares for each share they held — an implied $44.11 per share. Executives are targeting roughly $40 million in annual run-rate cost synergies within two years…