Gladstone Land (LAND) buys pistachio orchard in California for $33M | REITs Message Board Posts

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Msg  12296 of 12491  at  8/19/2019 9:25:51 AM  by

E_K_S


Gladstone Land (LAND) buys pistachio orchard in California for $33M

Gladstone Land (NASDAQ:LAND) acquires ~1,000 gross acres of farmland in Coalinga, CA, for $33M, the first closing of a two-part acquisition.

The second closing, scheduled for Q4 2019, will be slightly larger than this one.

The acquired farm consists of 911 planted acres of mature pistachio trees.

In connection with the acquisition, Gladstone Land also entered into an eight-year, triple-net lease with RTS Agri Business and Canoas Creek Pistachios.



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Msg # Subject Author Recs Date Posted
12298 Re: Gladstone Land (LAND) buys pistachio orchard in California for $33M ihor43us 0 8/19/2019 9:21:05 PM


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