Vital Farmland III, a fund managed by Farmland LP, has acquired three properties in Northern California’s Sacramento Delta for a total of $35.6 million.
The acquisition will significantly enhance Farmland LP’s Fund III portfolio, reflecting the firm’s commitment to investing in high-quality, sustainable farmland and water rights.
The newly acquired properties total 2,625 acres and are strategically located near Farmland LP's existing farm operations hub in northern California. One farm is directly across the river from Farmland LP’s 4,200-acre Burns Farm. All three new farms benefit from some of California's oldest and most secure water rights, ensuring a valuable and reliable water supply.
The acquisition exemplifies Farmland LP’s ability to secure high-quality land and water rights in prime growing regions at favorable prices. The farms’ nearly mature almond orchards eliminate the typical six- to seven-year waiting period for cash flow generation a
