Farmland in Big Demand

We’ve got three new farm offerings for you this week, the Layfield Farm, the Prescott Farm, and the Prairie Creek Farm. In the interest of brevity, we’ll just cover the Layfield Farm here, but please feel free to take a look for yourself in the link list or by using the links above. 

The Layfield Farm is a 512-acre peanut and cotton farm located in Dooly County, Georgia, the state’s leading county for cotton production, with a local agricultural industry that generates more than $100 million a year. The farm sits outside of the town of Pinehurst, just east of Interstate 75, giving it easy access to both crop transport services and cotton ginning infrastructure. 

New Crowdfunding Platform Deals

The farm itself is comprised of three different tracts located within a 3-mile radius. 90% of the acreage for this portfolio is farmable, with 410 acres of irrigated land supplied by 9 pivots scattered throughout the properties. It has easy access to water from four wells that pull from the nearby Gordo Aquifer system. The farm’s water allotment currently exceeds the requirement for the irrigation system, and the farm possesses full irrigation rights. The Layfield Farm opened up this past Friday, March 4th, you can access more info on the deal, here.

General Crowdfunding Industry News

If you follow the newsletter, or you’re tuned in to the crowdfunding space even slightly, you’ll probably have heard of fractionalized real estate ownership. Of course, crowdfunding is a form of fractionalized ownership, but in the context of 2022, lots of firms are adopting new ways of fundraising and investing in crowdfunded real estate- like NFTs, cryptocurrencies, or other blockchain technologies. A recent piece at Forbes, penned by Rebecca Szkutak, takes a high-level look at the space and some of the pitfalls involved. It’s a great read for anyone considering joining space. Check it out here.

Next up, we’ve got a piece on Seeking Alpha, penned by Jussi Askola, looking at the reasons why investors should consider adding productive farmland to their investment portfolios. The article covers all of the major reasons why someone might want to scoop up some farmland in 2022, including the value of a real, physical asset, as a hedge against inflation, as well as buying farmland as a response to Russia’s invasion of Ukraine- the latter country just happens to be the breadbasket of Europe- uncertainty could cause significant spikes in food costs. Head over to Seeking Alpha to check it out, here.

Crowdfunding Platform Updates

Fundrise recently acquired an Atlanta industrial and logistics facility, paying a cool $30.4 million to Bixby Land Company for the property. The property, known as Aerotropolis North, is a single-tenant distribution facility built in 2020, and fully leased to Kal Freight Logistic, a transport and logistics firm. Ben Miller, the co-founder, and CEO of Fundrise remarked that the firm picked up the acquisition due to their belief in the continued growth of the e-commerce space and the consequent rise in demand for well-located industrial assets. Learn more about this new Fundrise acquisition, here

In a similar move, real estate crowdfunding platform Sharestates recently closed a new $100 million warehouse line of credit which is to be managed by the Credit Group of Ares Management Corporation, primarily to take advantage of current high demand from borrowers. The additional warehouse capital will complement existing credit facilities, as well as increase the firm’s overall borrowing capacity to better support Sharestate’s growing loan origination volume. Check out the press release at PR Newswire, here

That’s all we have for you this week, but don’t fret, we’ll be back next time with all of your favorite crowdfunding stories, news, new deals, and more. See you then.

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