▁becoming ▁the ▁largest ▁pul p ▁mill ▁on ▁earth . ▁ ▁Company ▁headquarters ▁were ▁moved ▁again ▁in ▁ 1 9 7 8 ; ▁this ▁time ▁to ▁St am ford , ▁Connecticut . ▁ ▁Diplom atic ▁relations ▁with ▁China ▁were ▁restored ▁in ▁ 1 9 7 9 . ▁The ▁following ▁year , ▁Ray on ier ▁received ▁orders ▁for ▁pul p ▁and ▁logs . ▁It ▁took ▁almost ▁five ▁years ▁to ▁receive ▁permission ▁to ▁open ▁an ▁office ▁in ▁Be ij ing ▁in ▁ 1 9 8 5 . ▁ ▁A ▁log - tr ading ▁office ▁was ▁opened ▁in ▁New ▁Zealand ▁during ▁ 1 9 8 8 . ▁The ▁New ▁Zealand ▁government ▁sold ▁Ray on ier ▁ ▁of ▁tim ber land ▁in ▁ 1 9 9 2 . ▁ ▁The ▁company ▁was ▁sp un ▁off ▁from ▁IT T ▁in ▁ 1 9 9 4 ▁with ▁the ▁company ▁name ▁rever ting ▁to ▁Ray on ier ▁and ▁shares ▁again ▁trad ed ▁on ▁the ▁New ▁York ▁Stock ▁Exchange . ▁ ▁Ray on ier ▁purchased ▁ ▁of ▁tim ber land ▁in ▁Florida , ▁Georgia ▁and ▁Alabama ▁in ▁ 1 9 9 9 , ▁then ▁re located ▁the ▁corpor ate ▁offices ▁to ▁Jackson ville , ▁Florida , ▁to ▁be ▁closer ▁to ▁company ▁employees ▁and ▁properties . ▁ ▁Ray on ier ▁converted ▁to ▁a ▁real ▁estate ▁invest ment ▁trust ▁( RE IT ) ▁on ▁January ▁ 1 , ▁ 2 0 0 4 . ▁Terra Po inte ▁L LC ▁was ▁established ▁in ▁ 2 0 0 5 ▁to ▁manage ▁properties ▁with ▁development ▁potential .