Manulife Investment Management acquired a 478-acre agricultural property located at 6525 Dalby Road in Lincoln, Placer County, California. The transaction was completed for a price of $12,600,000.

Summary of transation details:

• Property Type: Land
• Transaction Amount: $12,600,000
• Acres: 478
• Buyer: Paul R. Lorentz
• Market: Lincoln

This acquisition is part of a growing trend among institutional investors to diversify their portfolios beyond traditional office and apartment investments, focusing on long-cycle, necessity-driven assets such as farmland.