VINTAGE WINE TRUST ACQUIRES GRANDVIEW VINEYARDS

Vintage Wine Trust’s latest acquisition is Grandview Vineyards in Washington State. The property, located in the Yakima Valley AVA, was purchased from the Den Hoed family for $12.4 million. The initial lease term runs through December 31, 2011 and provides four five-year renewal options.

Vintage Wine Trust currently owns 14 properties totaling approximately $165 million, including two winery facilities with vineyards, with a total crush capacity of 11,000 tons, and 14 vineyards, totaling 5,897 net vine acres, located throughout California, Oregon and Washington.