Platform Consolidation and New Investment Products
<cite index="2-3,2-6,2-7">AcreTrader has launched the Proterra AcreTrader Farmland Fund LP, an open-ended fund structured as a private, non-traded REIT, following its integration into the Proterra family. The fund combines Proterra's decades of institutional fund management experience with AcreTrader's innovative sourcing and underwriting capabilities</cite>. <cite index="2-1,2-2">The platform also completed a transaction involving about 16,000 acres of farmland, producing over 10 crops, with all farmers maintaining active leases</cite>.
<cite index="2-4,2-5">The new fund allows for increased diversification due to farmland's negative correlation to financial assets, a modified redemption structure, and a single K-1 for tax reporting. The fund focuses on investment-grade farmland in agricultural regions across the United States</cite>. <cite index="2-9">Since its inception, AcreTrader has invested and managed more than $311 million in U.S. row crop farmland assets across 147 investments</cite>.