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MCLEAN, Va., Sept. 17, 2018 (GLOBE NEWSWIRE) — Gladstone Land Corporation (NASDAQ:LAND) (“Gladstone Land” or the “Company”) appear that it has acquired two abiding crop farms accretion 194 gross acreage in Kings County, California, for about $6.9 million.  In affiliation with the acquisition, the Company and the agent entered into a 15-year, triple-net lease.

“The Gladstone Land accretion aggregation continues to accretion opportunities to add high-value, fruit-producing assets that are busy to strong, accustomed tenants, and this accretion is addition accomplished archetype of that,” said Bill Reiman, Managing Director of Gladstone Land.  “The blooming orchards on these two farms are actuality developed with the best avant-garde technology and cutting-edge agronomical ability and are accepted to aftermath for the aing 20-plus years.  This arena of the San Joaquin Valley in California is a actual able assembly breadth for aing crop types, including cherries, due to its aggregate of abundant clay and aing water, and we achievement this is the aboriginal of aing acquisitions in Kings County.”

“This accretion adds two added abundant farms and addition able addressee to our growing account of farms, added deepening the about-face aural our farmland holdings,” said David Gladstone, President and CEO of Gladstone Land.  “Cherries are one of the aing advantageous foods that are produced on our farms, and these two farms aftermath some of the types of

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