FPI - Farmland Partners sells 862-acre in Arkansas for $3.7M
2023-04-04 07:21:37 ET
- Farmland Partners ( NYSE: FPI ) has sold 862 acres of farmland in White County, Arkansas, for $3.7M, bringing the Company’s footprint in Arkansas to nearly 12,000 acres.
- an approximate gain of 24% over net book value.
- As part of the transaction, FPI will retain all the solar energy option payments currently being made on the tract and will retain a 30% interest in future revenue created if the renewable energy project enters construction during the option period.
- Source: Press Release
For further details see:
Farmland Partners sells 862-acre in Arkansas for $3.7M