976-Acre Mississippi Farm Returns 11.4 Percent

AcreTrader exceeded forecasted returns on the recent sale of 976 acres of Mississippi farmland. Instead of a projected 8.3 percent return, the disposition resulted in a preliminary internal rate of return of 11.4 percent. The property, which benefits from strong water access, attracted several unsolicited offers before selling to the most competitive bidder. The sale is the fifth disposition for AcreTrader in the past year that yielded higher than expected returns. The weighted average IRR of those transactions equals 14.1 percent. CEO Carter Malloy said, “It’s encouraging to see continued growth in land values drive performance for investors, especially in our current inflationary environment.” Read more HERE.