Monmouth, Ore.—The Olsen family have sold their Willamette Valley farmland and related assets to Farmland LP, an agricultural real estate investment firm.

The Olsens farmed more than 6,000 acres of owned and leased land, specializing in blueberries, hazelnuts, grass seed and peppermint, and was one of Oregon’s largest winegrape growers.

According to Roger Olsen, nanaging member at Olsen Agricultural Enterprises, “We have been looking for the right buyer for our extensive Willamette Valley holdings for some time now and with Farmland LP we recognized that we found the right way for our family to transition our farmland.”

Farmland LP acquires large-scale conventional farmland and adds value by implementing high productivity organic and sustainable agricultural practices. Founded in 2009, the firm manages more than 13,500 owned and leased acres in Oregon’s Willamette Valley and the San Francisco Bay Area. This latest acquisition was made by Farmland LP’s second investment fund, Vital Farmland REIT LLC.

International Wine Associates of Healdsburg, Calif., served as exclusive M&A advisors and represented Olsen in the transaction. “This is the sixth significant transaction that International Wine Associates has completed in the Pacific Northwest” Robert Nicholson of International Wine Associates, the mergers and acquisitions advisory firm, said.