Apex Trader Funding (ATF) - News
AcreTrader Management Assists in Exit of Wabash County, Indiana Row Crop Farm Disposition
Fayetteville, Ark., June 03, 2024 (GLOBE NEWSWIRE) -- AcreTrader, the platform offering investors access to the farmland asset class, exited a Wabash County, Indiana corn and soybean row crop farm on behalf of Acretrader 143, LLC (Roann 192), resulting in an actual internal rate of return (IRR) of 16% to investors upon exit. This offering was funded on the AcreTrader platform in December 2020 and was sold in May 2024.This exit yielded a return attributable to a competitive entry price with consideration to comparable sales for properties of similar size and quality in the same region, consistent management and improvement practices, and favorable market conditions for farmland investments. This exited offering was conducted by AcreTrader, Inc., the parent company to AcreTrader Financial, LLC (registered broker-dealer, member of FINRA|SIPC which was not involved in the offering). Acretrader Management, LLC is an affiliate of AcreTrader Financial, LLC that provides land management services.
"This successful exit in Wabash County, Indiana, demonstrates the potential capital appreciation and income for Class B farmland in highly competitive markets such as North Central Indiana. This marks Acretrader Management's 13th full cycle farmland investment," states AcreTrader Managing Director of Investments, Drew Lipke. "Our team constantly monitors sales activity and recent record-level nearby auctions prompted us to investigate a potential exit for this property. We remain committed to leveraging the Acres platform and our local acquisition network, to provide investors access to this vital asset class."
The 192-acre farm was sold to a private buyer ...