Gladstone Land Corp. bought a 366-acre vineyard in Napa, Calif., for $32 million.
The farmland real estate investment trust agreed to lease back the property to the seller for 10 years under a triple-net lease.
Gladstone Land purchases Napa, Calif., vineyard
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Gladstone Land Corp. bought a 366-acre vineyard in Napa, Calif., for $32 million.
The farmland real estate investment trust agreed to lease back the property to the seller for 10 years under a triple-net lease.