Proterra Investment Partners, a Minneapolis-based alternative asset manager with over $3.4 billion in assets under management, has acquired AcreTrader, the leading farmland investment platform at the intersection of agriculture, finance, and technology.
Under Proterra’s ownership, AcreTrader will expand its farmland offerings while enhancing access and transparency in the asset class. Customers can expect continued growth in farmland investments and additional resources from Proterra. The acquisition also supports the independent development of Acres.com, which delivers vital land intelligence to meet increasing market demand.
Since 2018, AcreTrader has connected investors to farmland, enabling them to invest in over 140 properties spanning 44,000 acres across 20 states. Its investment management arm, AcreTrader Management, has delivered a net internal rate of return (IRR) of 9.4% to 30.3% on realized deals.
The AcreTrader team will now operate as a part of Proterra, led by General Manager Rob Moore and Managing Director Drew Lipke. And Acres will remain an independent company led by Founder and CEO Carter Malloy alongside over 60 talented individuals.
KEY QUOTES:
“Proterra’s acquisition of AcreTrader represents an exciting alignment of vision and capabilities. We’ve long admired their data-driven platform and strong operator relationships, and we are especially impressed by the AcreTrader team, whose exceptional track record and unique approach position us to expand investor access to farmland investing.”
Rich Gammill, Managing Partner at Proterra
“This sale marks a pivotal milestone for both companies. We built AcreTrader to make farmland investing more transparent and accessible. Proterra accelerates that mission as their reach and expertise equips AcreTrader to further scale its platform, broaden access, and deliver greater value to both farmers and investors in the years ahead.”
Carter Malloy, Founder and CEO of Acres.com and AcreTrader
