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Stock impact report

Gladstone Land Acquires a Large Coastal Farm in Oxnard, California

Gladstone Land Corporation (LAND) 
Last gladstone land corporation earnings: 2/19 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gladstoneland.com
Company Research Source: GlobeNewswire
MCLEAN, Va., Sept. 03, 2019 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq:  LAND) (“Gladstone Land” or the “Company”) announced that it has acquired approximately 413 gross acres of farmland within the Oxnard Plain of California.  At closing, the Company entered into lease agreements with two different, unrelated third-party tenants to operate the property.  The seller will lease back most of the farm to continue their sod business, while the remainder of the farm will be leased to a local berry grower to grow a variety of berry crops. “Opportunities to acquire large coastal California farmland do not come along very often, and we feel very fortunate to have been able to complete this transaction,” said Bill Reiman, Managing Director of Gladstone Land.  “We had been in discussions with the seller of this property for several years, and only recently were we able to come to terms on an agreement that fulfills all parties’ goals.  This property is in a prime location, and we Show less Read more
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