Baird served as the lead book-running manager on this offering.
AboutFarmland Partners, Inc. (“Farmland Partners” or the “Company”) (NYSE MKT: FPI) recently completed a follow-on offering of 3,717,472 shares of common stock at a price of $12.50 per share, generating gross proceeds of approximately $46.5 million. Farmland Partners intends to use the net proceeds from the offering to make new farmland acquisitions and for general corporate purposes.
Farmland Partners is an internally managed real estate company that owns and seeks to acquire high-quality institutional grade primary row crop farmland located in agricultural markets throughout North America. Farmland Partners is one of the first public companies focused on owning and acquiring farmland in the United States and the only public real estate company focused on primary row crop farmland. Farmland Partners’ portfolio consists of 41 farms with approximately 23,630 total acres, including 33 farms in Illinois, five farms in Nebraska and three farms in Colorado, as well as three grain storage facilities. Farmland Partners is headquartered in Westminster, Colorado.
For additional information about this transaction, please contact:
- July 2014
- Farmland Partners, Inc.
- Real Estate
- Target Location
- North America