Publications

- December 1, 2019: Vol. 6, Number 11

Sowing investors’ greenbacks: Farmers facing major challenges, but innovations might be up to the task

by Lynda Kiernan

Private real estate investment trust Goldcrest Farm Trust has secured more than $300 million in capital commitments from a collective of leading institutional pension fund investors for its second investment vehicle. This funding brings the REIT’s total long-term capital managed across both of its vehicles to more than $600 million.

Privately held and launched originally under the name U.S. Farm Trust in 2015, Goldcrest Farm Trust is managed by Goldcrest Farm Trust Advisors, which focuses exclusively on building and managing the REIT’s farmland portfolio. Its management also includes former founders of AgCoA, a private farmland REIT recently acquired by the Gates Foundation.

Since its founding, the REIT has invested in more than 70,000 acres of conventional and organic farmland across six U.S. states, creating a portfolio consisting of a range of assets, from greenfield development projects to established farms with medium- to long-term leases in place with operators in each region. Currently, the REIT is in the process of developing Goldcrest Farms, a 25,000-acre redevelopment project in southwest Arkansas.

“We are grateful for the ongoing trust and additional capital commitment from our shareholders,” says Edward Hargroves, co-founder and partner of Goldcrest Farm Trust Advisors. “The recent volatility in agricultural markets has created exciting investment opportunities across the United States, and the long-term case for investing in the farmland asset class continues to become more compelling every year.”

 

Lynda Kiernan (lkiernan@globalaginvesting.com) is editor with GAI Media and daily contributor to GAI News. The original and complete version of this article can be read at this link: https://bit.ly/36GFDj3

 

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