FOR IMMEDIATE RELEASE
Monmouth, Oregon – June 17, 2015 – The Olsen family announced today that they have sold their Willamette Valley farmland and related assets to Farmland LP, an agricultural real estate investment firm. The ownership change takes effect immediately.
The Olsen family played a pioneering role in the establishment of Willamette Valley agriculture for two generations. Their company farmed over 6,000 acres of owned and leased land, specializing in a variety of crops, including blueberries, hazelnuts, grass seed and peppermint, and was one of Oregon’s largest wine grape growers.
Farmland LP acquires large-scale conventional farmland and adds value by implementing high productivity organic and sustainable agricultural practices. Founded in 2009, the firm manages over 13.500 owned and leased acres in Oregon’s Willamette Valley and the San Francisco Bay Area. This latest acquisition was made by Farmland LP’s second investment fund, Vital Farmland REIT LLC
|International Wine Associates of Healdsburg, California served as exclusive M&A advisors and represented Olsen in this transaction.|
Olsen received legal advice from Davis, Wright and Tremaine in Portland and from Sherman, Sherman, Johnnie & Hoyt in Salem.
The terms of the sale were not released.
For information on Olsen: www.olsenag.com
For information on Farmland: www.farmlandlp.com
For information on International Wine Associates: www.intlwine.com