Farmland, News Desk
US Farm Trust Closes $300 Million Fund
Institutional investors back privately held REIT.
San Antonio-based US Farm Trust announced on Aug. 13 that it has closed on over $300 million in commitments from institutional investors. The real estate investment trust (REIT) was established to acquire and manage high-quality row-crop farmland throughout the U.S. and will work with sellers and farmers to create attractive sale-and-leaseback structures. Thanks to its capitalization, the REIT will be able to purchase even the largest farms on an expedited basis without a financing contingency.
“The strategy of US Farm Trust is to work as closely as possible with farmers who will see us as not just a buyer but as a partner in the success of their operations,” said Tommy Funk, US Farm Trust Advisors’ president and the former National Farmland Acquisition Manager at US Trust, Bank of America Private Wealth Management. “Our capital will help the farmer maximize return on investment and maybe even provide a solution to long-term financial planning needs.” Read more HERE.
Sold! The Nature Conservancy Acquires 24,000-acre Bixby Ranch
A $165 million donation from Esri founders Jack and Laura Dangermond funded the acquisition of …
Indiana Court Sides with Citizens
Alliance for the Great Lakes, Save the Dunes, and the State of Indiana’s Long Beach …
As sheltering in place becomes more common, so too does the allure of living in …
Sealed Bid 14,000 Square-Foot Commercial Hangar at Bozeman Yellowstone International Airport
We are proud to present 210 Aviation Lane, a truly limited opportunity to acquire a …