Gladstone Land Corporation announced the completion of the sale of a property in Florida, consisting of two farms. The transaction was finalized for a sale price of $21.5 million.
This divestiture is part of the company's ongoing strategy to manage its agricultural real estate portfolio. The sale contributes to the company's liquidity and capital management efforts.
The successful sale of these farms demonstrates Gladstone Land's ability to monetize its assets and adjust its holdings. This action reflects a continued focus on optimizing its portfolio composition.
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