Rayonier Hires Chris Corr to Lead Real Estate Business
09 Julho 2013 - 5:51PM
Business Wire
Rayonier (NYSE:RYN) today announced that Chris Corr is joining
the company as senior vice president, Real Estate and president,
TerraPointe Services, Inc. Corr will officially start with Rayonier
on July 15. He replaces Charles Margiotta, who retired on June 28,
after more than 38 years with the company.
Corr brings a wealth of experience in real estate to Rayonier,
most recently serving as executive vice president, Buildings and
Places for AECOM, an $8.2 billion provider of global technical and
management support services, including real estate planning and
development. Prior to joining AECOM, Corr served as executive vice
president and chief strategy officer of The St. Joe Company.
Earlier in his career, he was a key project leader for Disney,
playing a major role in the planning and development of the town of
Celebration, Florida.
“We’re pleased to have Chris join our senior management team. We
are confident that his experience will help Rayonier maximize the
return from our unique real estate portfolio as the U.S. economic
recovery continues,” said Paul Boynton, chairman, president and CEO
of Rayonier. “With the rebound we’ve seen in the real estate
market, Chris’ development and planning experience and personal
network will play a key role in positioning the company for
sustained growth in our real estate business. We believe his unique
background will help TerraPointe develop a strategic path for
Rayonier’s real estate portfolio, attract buyers to our entitled
and other development properties and build value in our land
holdings.”
In addition to real estate leadership experience, Corr brings a
passion for public service to Rayonier. From 1990-1992, he served
as an elected member of the Florida House of Representatives. Corr
currently serves on the Board of Trustees of the University of
Florida and maintains board positions on the Florida Council of 100
and the Urban Land Institute.
“I’m thrilled to join a world-class organization like Rayonier
and look forward to using my experience in real estate to deliver
even greater value to our shareholders,” said Corr. “The revival of
the real estate market increases opportunity for Rayonier to
achieve substantial long-term growth in its real estate business
and the company has positioned itself well to capitalize on
improving markets. Additionally, with 2.4 million acres of existing
U.S. timberland and a continually evolving land portfolio, new
opportunities to secure value from Rayonier’s landholdings are
abundant.”
Corr holds a Bachelor of Arts degree from the University of
Florida and has completed programs with the Harvard Real Estate
Institute and the Wharton School of Business at University of
Pennsylvania.
About TerraPointe:
TerraPointe LLC, Rayonier Inc.’s real estate subsidiary,
executes Rayonier’s real estate value creation strategy by
acquiring and entitling properties for residential, commercial and
industrial uses, master planning and permitting for future
communities, and marketing of higher-and-better-use properties. For
more information, visit www.terrapointeserviceslandsales.com.
About Rayonier:
Rayonier is a leading international forest products company with
three core businesses: Forest Resources, Real Estate and
Performance Fibers. The company owns, leases or manages 2.7 million
acres of timber and land in the United States and New Zealand. The
company's holdings include approximately 200,000 acres with
residential and commercial development potential along the
Interstate 95 corridor between Savannah, Ga., and Daytona Beach,
Fla. Its Performance Fibers business is one of the world's leading
producers of high-value specialty cellulose fibers, which are used
in products such as filters, pharmaceuticals and LCD screens.
Approximately 50 percent of the company's sales are outside the
U.S. to customers in approximately 40 countries. Rayonier is
structured as a real estate investment trust. More information is
available at www.rayonier.com.
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