Gladstone Land Acquires Farmland in Coastal California for ~$20.8M - Land.Net News
Gladstone Land Corporation (Nasdaq:LAND) announced that it has acquired 368 acres of farmland located in Ventura County, California, for approximately $20.8 million. Upon acquisition, Gladstone Land assumed a lease with a large farming operation growing a wide variety of fresh vegetables.
"We are excited to announce the addition of another quality farm in Ventura County," said Bill Reiman, Executive Vice President, West Coast Operations, of Gladstone Land. "This acquisition is a fine example of our ability to continue adding valuable fresh produce farmland to our portfolio. We are gaining a prominent new tenant who has been in the fresh vegetable business for generations, and we look forward to further expanding our business with them in the future."
Read full press release here