The purchase of a 3,500-ton facility follows the acquisitions of two similar elevators in Canada and marks the start of Pipeline Foods’ efforts to assemble a supply chain for organic grains and oils.
The farmland REIT paid nearly $1m for a 1,280 acre add-on to the hay growing operations of an existing tenant.
The Malaysian firm's Fund V was generating 8% net IRR as of September last year.
The firm is set to complete two deals ‘in the short term’ as it progresses towards a $500m final close in March or April next year.
Bill Reiman, a managing director at the REIT, warned that some organic farmers could 'take a pretty good hit' in the next economic downturn.
The $3.35m investment with Citrum will go towards rehabilitating banana production at a farm that is now growing grapefruit and oranges.
The French agri-business stalwart has backed a Spanish coconut water business through a vehicle managed by MCH.
The US growth capital firm, which aims for net IRRs of about 30%, had led Blue River’s $17.5m Series B funding round in 2015.
The US farmland REIT paid $5.4m to purchase White Hawk Vineyard, a California winery where the company hopes to more than double production.
The Japanese trading house bought a further 49% of Master Fruits through its Dole subsidiary as it targets Europe’s €4.9bn frozen fruit and veg import market.