The Mormon Church is further solidifying its real estate empire with a $289 million acquisition of 46 farms across eight states, underlining its agricultural influence.
Farmland Partners anticipates a total gain of approximately $50 million from this sale, which indicates a significant appreciation of asset values, enhancing shareholder returns.
Luca Fabbri emphasized that the transaction aligns with the company's investment strategy, focusing on long-term asset appreciation as a path to returns for shareholders.
The acquisition strategy of Farmland Reserve, driven by the Church of Jesus Christ of Latter-day Saints, cements its established role in the U.S. agricultural sector.
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