Robust Six Months for Sower with New Joint Ventures and Fund Closings
By Jared Hollinger, Sower Investment Partners | July 2024
It’s been a robust first half of the year at Sower. Our various teams have been focused on expanding assets within our funds and building relationships and offerings to benefit our investors.
Farmers National Capital Markets
Notably, our Farmland Team completed the formation of a joint venture with our long-time partners at Farmers National Company. This collaboration leverages Farmers National’s extensive experience in farmland investing and comprehensive services, including capital allocation strategy, robust off-market deal flow, land and mineral management, and portfolio management. This partnership aims to better serve larger capital partners through separately managed accounts.
Sower Ventures
Additionally, our Ventures group successfully completed the final closing of $20.5MM in capital directed toward the Solas BioVentures life sciences fund. Read more about a new fund component, InterShunt, and its proprietary transcatheter system here.
Sower Commercial
Our Sower Commercial Team achieved significant milestones with the first closing of our new Open-Air Retail real estate fund, securing over $50MM in initial assets. We are committed to growing this fund for several years and look forward to welcoming many new assets and investors to our organization in the process. Focused on strategically located Open Air Retail Centers featuring junior box or anchor tenants, the fund targets secondary and tertiary markets, offering value-add opportunities due to lower acquisition costs and increasing rent pressures.
Continue reading for more highlights of our various investments, and I hope you enjoy the details on how we’re delivering results for our partners across our investment verticals.
Sincerely, Jared
