Limoneira Enters Agreement to Sell Windfall Farms Vineyard Property for $15 Million All Cash via Public Auction
Limoneira Company announced that its wholly owned subsidiary, Windfall Investors, LLC, entered into a Purchase and Sale Agreement to sell Windfall Farms, its approximately 724-acre vineyard property in Paso Robles, California, for $15 million in all cash, following a competitive public auction.
Why it matters — The transaction reflects Limoneira divesting a non-core vineyard asset for cash from its real estate holdings, which LMNR watchers would track as part of the company's ongoing asset management.