 WILDLIGHT, Fla.--BUSINESS WIRE--Rayonier Inc. NYSE:RYN has sold the rights to manage two timber funds Fund III and Fund IV that were previously managed by its Olympic Resource Management ORM subsidiary, as well as its co-investment stake in both funds, to BTG Pactuals Timberland Investment Group TIG for an aggregate purchase price prior to closing costs of 35.9 million. The transaction will be reflected in third quarter financial results. Collectively, the funds that were sold compr 