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