Prior to the formation of Goldcrest Farm Trust Advisors, members of our management team were key founders of AgCoA, a private US farmland REIT which was a joint venture between Duquesne Capital Management and Goldman Sachs. AgCoA was a startup, and within five years (2008-12) had purchased 100,000 acres in 9 states, making it a top-5 institutional owner of row crop farmland in the United States. AgCoA was sold to CPPIB, Canada’s largest pension fund in 2013, delivering net returns to its investors far in excess of benchmark farmland indices.