Silverado Premium Properties & Winegrowers Sold To TIAA-CREF

Only the best of corporate transitions can go so smoothly that no one notices. That seems to have happened with the sale of Silverado Premium Properties LLC and Silverado Winegrowers Holdings LLC: the biggest wine industry sale that almost everyone missed.

Almost everyone, except for Michael Fritz of Farmland Letter who, on May 24, 2012, tweeted that “Retirement fund mgr #TIAA-CREF has majority stakes in CA vineyard investment funds Silverado Premium Properties & Silverado Winegrowers.”

Kudos to Fritz who also beat me to the punch last month on a story I had in progress about the 10,000+ acres that James Ontiveros and Matt Turrentine had bought in the Santa Maria area (see: Harvard pushing further into farm sector with California Central Coast vineyard play—Farmland Intelligencer). More details to come in the story behind that story.

Wine Industry Insight reached out to David Freed and Mark Couchman for comment, but none was received. TIAA-CREF responded promptly with accurate information on its role.

Meanwhile, Wine Executive News subscribers please click here to read the complete article.

Also In This Article:

The full text of the following sections is available to premium subscribers of Wine Executive News.

• $564 Billion Non-Profit Retirement Giant

• TIAA-CREF Now 2nd-Largest Calif Grape Grower

• The Sale: Silverado Winegrowers LLC Goes First

• 30 Vineyards Sold – The List

• Westchester Group’s Role

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