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 3,000,000 shares of common stock at a price of $11.00 per share, generating gross proceeds of $33.0 million before over-allotment. Farmland Partners intends to use the net proceeds from the offering to make new farmland acquisitions and for general corporate purposes, including possible partial repayment of existing outstanding mortgage debt.
Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality farmland located in agricultural markets throughout North America. As of July 10, the Company's portfolio was comprised of 122 farms with an aggregate of 71,299 acres (including three farms with an aggregate of 1,415 acres under contract) in Illinois, Nebraska, Colorado, Kansas, Arkansas, Louisiana, Mississippi, South Carolina, North Carolina, Virginia and Michigan. Farmland Partners is headquartered in Denver, Colorado.
For additional information about this transaction, please contact:
- July 2015
- Farmland Partners, Inc.
- Real Estate
- Target Location
- North America