PIA Farmland, Inc. | REIT Profile

CIK: 1569871
CIK: 1569871
Exchange: N/A
Founded: 2013 (11 years)
HQ: Santa Monica, CA, United States
Type of REIT: Equity REIT
Listing Status: Public, Non-Listed
REIT Sector: Specialty

See 1569871 on SEC.gov

PIA Farmland, Inc. is a dividend-paying real estate investment trust (REIT) that provides investors with an efficient way to own a diversified portfolio of productive farmland. PIA Farmland, Inc. was incorporated in Maryland on February 13, 2013 with Pacific Income Advisers, Inc. (PIA) serving as the manager of the farmland portfolio. PIA Farmland conducts business through an Umbrella Partnership Real Estate Investment Trust (UPREIT) structure in which PIA Farmland, LP, the Operating Partnership managed and owned by PIA Farmland, owns the farmland properties. The goal of PIA Farmland is to generate net operating farm income from the purchase of farmland, which it leases to independent small and medium-sized farm operators with sufficient experience and capital to operate the farms without PIA Farmland's financial assistance. The business strategy is to create a diversified portfolio of farmland. In the Midwest, the firm will emphasize the production of corn and soybeans. In the Great Plains, the firm will emphasize the production of wheat, barley and alfalfa.