Elana Agricultural Land Fund REIT is a Sofia, Bulgaria-headquartered real estate investment trust specializing in the acquisition, management, leasing, and commercial exploitation of agricultural land and rural real estate properties across Bulgaria. Founded in 2005 as a licensed special purpose investment company under the Bulgarian Special Investment Purpose Companies Act and operating as part of the Elana Financial Holding group, the fund invests capital raised from institutional and retail investors into farmland assets. The company operates through core business segments encompassing Farmland Acquisition, Land Consolidation and Development, Agricultural Property Leasing, and Real Estate Divestment. The company's primary products and services include the direct acquisition of arable agricultural land parcels across high-fertility farming regions; land consolidation and regrouping services designed to assemble contiguous, economically viable agricultural tracts from fragmented parcels; long-term and short-term agricultural land lease agreements provided to commercial farming enterprises, agricultural cooperatives, and grain producers; rent collection and tenancy administration services; strategic land sales and portfolio rebalancing transactions; and comprehensive farmland asset management, valuation, and legal regularization services. Geographically, the fund focuses its operational activities entirely within Bulgaria, maintaining agricultural land portfolios concentrated in prime agricultural territories such as the Dobrudzha, Danube Plain, and Thrace regions. In recent operational and strategic developments, the company has undertaken portfolio optimization initiatives aimed at divesting non-core, fragmented holdings while acquiring concentrated, high-category arable plots to enhance rental yields and asset liquidity. The fund has also expanded its multi-year lease partnerships with large-scale agro-producers, implemented inflation-adjusted indexation mechanisms across its tenancy contracts to align rental income with prevailing agricultural commodity trends, and integrated digital geographic information system (GIS) mapping solutions to enhance parcel tracking, soil quality monitoring, and boundary management across its nationwide property holdings.