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Date Title and Summary View
Aug 10, 2012
McLean, VA, August 10, 2012: Gladstone Land Corporation (the “Company”) announced today that it has acquired a 219 acre row crop farm with 181 farmable acres in Wimauma, Florida. The land has water on site and has been farmed for many years. It is currently farmed for strawberries and grape tomatoes, and it can be farmed for other ro...
Jun 4, 2012
McLean, VA, June 4, 2012: Gladstone Land Corporation (the “Company”) announced today that it obtained a new five year $4.8 million Line of Credit from MetLife, which will complement the existing $45.2 million Mortgage Facility the Company has with MetLife. The Company plans to utilize the Line of Credit for property improvements and ...
Jan 19, 2012
McLean, VA, January 19, 2012: This week, NCREIF released the 2011 results for the NCREIF Farmland Index. This index tracks appreciation and income on 493 farms, coast to coast in the U.S., with an aggregate value of $2.9 Billion. The properties tracked by this index have returned an annual rate of 15.2% over the last 10 years and 11.3% o...
Oct 31, 2011
McLean, VA, October 31, 2011: Gladstone Land Corporation (the “Company”) announced today that it has acquired a 60 acre row crop farm in Plant City, Florida. The land is farmed for strawberries, watermelons and cantaloupes and can be farmed for other crops too. The land has water on site and has been farmed for many years. The Compan...
Jul 7, 2011
McLean, VA, July 7, 2011: Gladstone Land Corporation (the “Company”) announced today that it has acquired a 72 acre raspberry farm in Watsonville, California. The farm is leased to Dutra Farms, an experienced and highly-regarded grower for Well-Pict Berries. Dutra Farms has farmed the property for over a decade and farms over 900 acr...
Jan 4, 2011
McLean, VA, January 4, 2011: Gladstone Land Corporation (the “Company”) announced today that it has acquired 196 acres of row crop farmland in Watsonville, California for $8,472,073. The farm is leased to two tenants who are growing strawberries and lettuce. The farm has water wells on the property and also has an ample supply of wat...
Jan 3, 2011
McLean, VA, January 3, 2011: Gladstone Land Corporation (the “Company”) announced today that it obtained a credit facility from MetLife. The facility is for $45.2 million and has a term of 15 years. The Company will utilize the facility to acquire more row crop farmland in the United States. David Gladstone commented, “...
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