/biz/ - Business & Finance

Holy shit Realty Income
>"Under the terms of the agreement, Realty Income will acquire and provide development funding for properties that will house Plenty's indoor farms. These properties will be leased to Plenty under long-term net leases. The agreement provides for up to $1 billion of development opportunities."

>"As the initial transaction of the alliance, Realty Income has agreed to acquire the land and provide development funding for the first farm of Plenty's indoor vertical farm campus near Richmond, Virginia, which was announced last year. Plenty expects the future multi-farm campus to deliver more than 20 million pounds of produce across multiple crops annually. The first farm to be developed on the campus will grow strawberries with Plenty partner Driscoll's and initially serve the Northeast market."

Alright so the biggest commercial REIT in the world with 11,700 stores is now going into farming.