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Sep. 5, 2023 By Mark Heschmeyer, CoStar News Farmland LP, a fund manager specializing in organic agricultural acreage, launched its third farmland fund looking to raise $250 million as that type of investment has produced higher returns than commercial properties by a wide margin over the past year. Commercial properties have returned a negative 6.6% return over the past four quarters, according to the National Council of Real Estate Investment Fiduciaries Property Index. By contrast, the NCREIF Farmland Index has posted positive returns of 8.19%. The NCREIF Farmland Index tracks more than $16 billion of investments in income-producing agricultural cropland. Vital Farmland III would be the San Francisco-based firm's third and largest fund to date. "Our new fund provides a unique opportunity for institutional and accredited individual investors to tap into this high-potential asset class, fostering regenerative farming practices that benefit our planet," Tom Sullivan, managing director of capital markets and investor relations for Farmland LP, said in a statement. To read the entire report click here. Tweet |
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