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STATUS
STATUS
Alfalfa
OnionsWatermelonLeafy greensCapital Being Raised
Total Acres
Price/Unit
Est. Ownership Duration
Min. Investment
1:00 PM Central
The Westside Imperial Farm is a 737.12-acre leafy greens, winter vegetable, melon, and forage crop farm in Imperial County, California located in the Imperial Valley. This is an opportunity to invest in a property with broad crop optionality and established senior water rights in a region with abundant infrastructure supporting a wide variety of high-value crops.
The Westside Imperial Farm is located in the Imperial Valley, a region responsible for more than $3 billion in agricultural production (2022 USDA Census of Agriculture). According to the USDA, Imperial County itself is the sixth highest producing county by dollars of agricultural production in the United States and second in production of vegetables, melons, and potatoes. The combination of abundant water resources and a semi-arid climate make this region an agricultural powerhouse in the United States, suitable for growing a wide variety of crops, including lettuce, broccoli, cauliflower, carrots, onions, melons and forage crops such as alfalfa. The Imperial Valley supports a dense tenant base of over 900 farmers of which 45% operate 1,000 acres or more, according to the USDA.
According to Acres(1) data, we believe this Property is being purchased at a below-market entry price based on available comparable sales of properties of similar size and quality in the same region, which is an active, tenant-dense land market.
Thanks to its year-round growing season, the Imperial Valley harvests a uniquely broad range of crops and in conjunction with the nearby Coachella Valley and Yuma, Arizona is credited with supplying 80%-90% of the nation's leafy greens and other vegetables during the winter months. Cropping history for the Property shows the majority of acreage historically planted to a rotation of leafy greens, broccoli, onions, melons, herbs, and forage crops. While the majority of produce is destined for grocery stores and restaurants, forage crops from the Valley go to feed the region's 400,000+ cattle as well as export markets.
The high-value cropland in the Valley, including the Westside Imperial Farm, is irrigated using surface water provided by the Imperial Irrigation District. This project is one of the largest irrigation projects in the United States and delivers irrigation water to approximately 500,000 acres through a system of over 3,000 miles of canals and drains. The Westside Imperial Farm holds an annual allocation of 6.24 acre-feet per irrigated acre through Imperial Irrigation District.
The Westside Imperial Farm represents our 4th offering in the region, including one full cycle exited farmland investment that resulted in a realized net IRR of 15.5%(2). The complete list of ATM exited investments is available here.
(1) Acres, is a geospatial land intelligence platform designed to improve land management and purchasing decisions. Using public and private market data, Acres aggregates and analyzes over 150 million parcels of land to enable users to better understand and maximize the value of their property.Minimum Subscription Requirement: $3,469,200
Maximum Subscription Amount: $5,782,000
Termination Date: 2/4/2027
5-10 year target hold period is anticipated.
Please see the Financials tab and the Investment and Limited Liability Company Agreement for additional information. The Private Placement Memorandum (PPM) is available in the Documents tab to be viewed or downloaded. The PPM and offering descriptions should be read carefully to fully understand the objectives, risk factors, charges, and expenses of an investment.
Please refer to the PPM for the full list of risk factors.
Geographic Concentration
The Company’s activities will be limited to acquiring and holding the Property as an investment and are therefore inherently concentrated in a specific geographic location. A stagnant or depressed economy in the area in which the Property is located could adversely affect the value of the Property and the Company’s ability to provide a return or any profit to investors.
Third-party property managers may not be effective
The Manager, on behalf of the Company, may retain third-party property managers who will, under the supervision of the Manager, oversee the day-to-day operations of the Property by the tenants. The success of the Company will, accordingly, depend on the performance of such third-party property managers, and their failure to successfully perform their management duties could adversely impact the Property’s results of operations and could reduce cash available for distributions to Members of the Company.
Crop Risk
Vegetable and Forage crops are planned to be grown on the Property. These commodities are subject to price volatility that could result in selling prices below break-even for the operator. Commodities are also subject to weather conditions including but not limited to drought, flood, and hail.
Farmland Risk
Farmland investments are also subject to additional risks including volatility in commodity prices, weather events or disease that could damage crops and many other operational factors.
Securities offered by North Capital Private Securities Corporation (“NCPS”), a broker-dealer registered with the SEC and a member of FINRA | SIPC. Their Form CRS can be viewed here.
Alternative asset investing is speculative, involves a high degree of risk, including complete loss of principal, and is not suitable for all investors. Alternative investments are illiquid, not listed on an exchange, and not a short-term investment. Distributions are not guaranteed. Changes in tax law may adversely affect offerings. This offering is a private offering and is not registered under the Securities Act or under any state securities laws or the securities laws of any other jurisdiction. There is no assurance any investment will achieve its objective.
Note that Investors are purchasing shares in a newly formed entity that will purchase this farm but are not purchasing actual acreage of the farm directly. The entity will directly own the farmland. Farmland investments are also subject to additional risks including volatility in commodity prices, water accessibility, weather events or disease that could damage crops and many other operational factors. Economic implications include potential increased production costs and reduced crop yields.
The PPM contains a complete list of all Risk Factors and should be read carefully before investing. The above presentation is based upon information supplied by the seller and others, and some images shown may be used for representative purposes and may not have been taken on location at the subject property. While AcreTrader performs extensive due diligence on the offerings on our Site, certain of the information presented in each offering may have been provided by third party sources. Therefore, AcreTrader Platform, LLC, and its respective affiliates, officers, directors or representatives (the "AT Parties") hereby advise you that while all such third party information contained herein has been provided to us from sources deemed reliable, we cannot guarantee or make representations as to its accuracy or completeness. The AT Parties undertake no obligation now or in the future to update or correct this presentation or any information contained herein.
Please be advised that certain registered representatives of NCPS who are performing sales activities on behalf of NCPS in connection with offerings on the AcreTrader Platform may also be providing services to other entities affiliated with the offerings, including but not limited to the issuer of this or other investment offerings on the AcreTrader Platform. Such services might include, but are not limited to, sourcing real estate, conducting land due diligence, negotiating real estate purchases, preparing marketing and other investor-facing materials, land management-related administrative services and authorizing investments. The registered status of such personnel creates inherent conflicts of interest for a number of reasons, including but not limited to the fact that they may gain financially from your investment, directly through commission payments or indirectly by receiving compensation from the issuer or an affiliate of the issuer. Registered representatives are not presently anticipated to receive commissions in connection with their sales activities for AcreTrader Platform offerings.
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