The proportion of farmland held debt-free has jumped in recent years, but financial investors will likely be frustrated by a lack of political will to change restrictive laws.
Following its $200m acquisition of JBS USA’s feedlots in January alongside Ospraie, the New York-based firm has raised additional capital for cattle investments from a single investor.
The $351bn pension fund’s results in real assets at large exceeded the benchmark by 1.19 percentage points, driven by infrastructure.
The farmland REIT says selling the Oregon property to its current tenant will allow it to pocket a 20% IRR on its initial investment.
The trans-Tasman manager has sealed the two final deals funded through the vehicle by purchasing two assets from The Rohatyn Group.
The acquisition of Lodi Pump and Irrigation follows the firm’s purchase of Hydratec earlier this year.
Stafford Capital has lodged a $244m hostile bid for Phaunos, the timber fund it used to manage. By refusing to say what it thinks of it, the vehicle’s board may be gunning for a higher price.
The US firm has decided to back a company closer to direct cannabis flower production than any of its previous investments. Managing director Michael Gruber tells us why.
Interim MD Kim Morison says the acquisition of the Murrumbidgee tranche is ‘business as usual' for the under-fire Australian asset manager.
The Canadian pension hopes to deploy $1bn into Australian ag, says the CEO of its local offshoot. Prices are heading south as restrictions on capital outflows in China herald a cooling off.