Land platform · Northern Argentina
We buy what the map mispriced.
We acquire underpriced farmland across northern Argentina, rebuild it into production-ready ground, and sell it to producers who cannot assemble scale on their own. One vehicle per project.
30+ yrs
In-country operating senior GP
150,000+ ha
~400,000 acres developed across 35+ projects
10%
GP co-investment, deal by deal
The opportunity
A permanent asset, bought during a temporary discount.
Farmland has compounded equity-like returns at bond-like volatility for decades. It does not default, it cannot be diluted, and the world keeps needing what it grows.
Argentina holds some of the most productive rainfed soil on earth, and it has spent years priced for its politics rather than its yields. That is changing. Capital is coming back into Argentine energy, mining and equities, on the record. The land itself still trades near pre-reform prices. Terralis buys that lag.
Every generation gets one of these windows. Singapore in the sixties. Poland in the 2000s. The return is in buying during the repricing, and the repricing is under way.
The mispricing
Same soil, different passports.
$42-45k
per hectare, top US cropland
$27.5k
per hectare, top Brazilian cropland
$17-20k
per hectare, top Argentine cropland
<$1.5k
per hectare, our entry basis in the northwest, undeveloped
Argentine soy and corn yields in the core zone run even with Iowa and Mato Grosso in a normal year, on a fraction of the fertilizer. The gap in the price is not in the ground. It is in export taxes and currency history that the market has capitalized into every hectare. Those taxes now have a published removal schedule, and prime-zone prices rose about ten percent in the last year.
We do not buy in the core zone. We buy further north, where the same discount is stacked on undeveloped land that sells for a few hundred dollars a hectare, and we do the work that turns it into ground a producer will pay for.
Land values: Infobae and Agrofy News (Aug 2026), USDA, CAIR, IDECOR. Yields: BCR/GEA, USDA.
How we win
From raw scale to producer-ready parcels.
One hard purchase becomes many simple sales.
Acquire
We buy large, off-market campos at their undeveloped basis, through relationships built over thirty years in the provinces where we work. The good ones are gone before they reach a broker.
Capitalize
We put roughly a third of each project's capital into the land itself: access, water, fencing, pasture, soil, and the permitting that makes it legal to farm. Every improvement lifts the value of the ground under it.
Subdivide and sell
We exit in phases from year three, selling 1,000 to 10,000 hectare parcels to expanding producers who can run the land but could never assemble it. A producing field is kept visible near every parcel. The finished neighbor prices the next sale.
The asymmetry
The land is permanent. The discount is not.
The pipeline
Three provinces, one playbook.
Source at a distressed basis, transform, sell producer-ready. Each project gets its own vehicle, secured at the same time as its capital. Investors underwrite a specific asset, never a blind pool.
Salta · Active evaluation
A silvopastoral development.
A single 50,000 to 60,000 hectare campo, off-market at its undeveloped basis, brought to production-ready status through the province's own forest-planning pathway. Native tree cover stays in place. The most advanced workstream in the pipeline.
Formosa · Active evaluation
Two routes to the same revaluation.
Permitted land running low-intensity cattle today. Route one restores the pasture inside the existing permits, with no regulatory step. Route two opens two plantings a year where rainfall allows, the system Brazil scaled as safrinha. Agriculture has the higher ceiling; cattle is the de-risked path.
Santiago del Estero · Mapped
Selective, mixed-use revaluation.
Situations we have directly explored at a small fraction of the price of adjacent north Córdoba. Not yet initiated. It follows the first two.
First look, not first obligation.
Request the pipeline detail →
Our edge
A three-fold moat.
Each of the three is a different craft, and almost no one runs all three in-house. That is what makes the position hard to copy: not a strategy, but thirty years of relationships and the people who will run it again.
01
Source
More than half the land that changes hands in the north never reaches a broker. Our senior GP has bought and sold it for thirty years.
02
Redevelop
Permitting, water, access, pasture and soil, run to a written playbook with funds released only against certified milestones.
03
Exit
A deep, fragmented base of expanding producers, and a producing field kept visible next to every parcel we sell.
The playbook
Thirty years, written down.
The same source, build, sell and finance playbook our senior GP ran across 150,000 hectares, now run for LPs with the discipline written into every vehicle.
The 11-point screen
Every parcel clears it before any offer. Resale value and exit timing are estimated before the purchase closes.
Milestone-gated funding
Capital is released in fixed tranches. Each one unlocks only after a technical auditor certifies the prior stage of works.
The showroom
A frontier buyer pays for proof, so a producing field is kept visible near every parcel we sell.
Richer than we bought it
Native canopy retained, drought-adapted perennial pasture established, soil organic matter and water infiltration restored. Our agronomist leads it in-house.
On Argentina
The risk is real. We build around it.
Anyone reading this page knows Argentina's history with currency, capital controls and political cycles. We are Argentine. We know it better than most, and we do not argue it away on a website.
What we can say here is how the structure answers it. Capital sits in a hard asset, unlevered, so nothing can force a sale at the wrong moment. Rural land transacts in dollars at entry and at exit. Title is held in trust, separate from any operating liability. The vehicle is built for foreign capital from the first hectare. The full risk map, with the mitigant for each line, is in our investor materials.
Request the materials
The team
Three GPs. Three generations on the land.
We are not new to this. Our families have farmed, ranched, and repositioned land in Argentina for the better part of a century.
GP / Managing Partner
Facundo Golinsky
Capital formation, investor relations, structuring and reporting. Ex-McKinsey, Stanford MBA, US real estate private equity. Argentine native, Bay Area-based.
GP / Land & Execution
Daniel Lifsitz
Thirty years repositioning rural and urban land in Argentina: 150,000+ hectares across 35+ projects. Founder with a successful exit to Banco Galicia.
GP / Agronomy
Gabriel Levisman
Agronomist and farm-owner advisor. Top-rated salesman turned product leader at Ruralco, since acquired by an international group.
Where we are
Two projects in active evaluation.
Built for patient capital that can think in land.
Seven-year vehicles, no leverage, exits in phases from year three. The GPs invest alongside every LP, deal by deal. If you want a dollar-referenced real asset you can hold without leverage, and would rather own the ground than a share of someone else's wrapper, ask for the materials.
Request investor materials
Get in touch
Start the conversation.
Introductions
Email a partner
Have a question or want to understand the thesis before anything formal? Write to Facundo directly.
Email Facundo
Qualified investors
Request materials
Qualified investors can request the deck and supporting materials through a short form.
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Terralis
We buy what the map mispriced. Off-market farmland in northern Argentina, developed and sold to producers.
This communication is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any security. Any offer will be made solely to qualified investors pursuant to definitive legal documentation and is subject to diligence and to legal, tax and regulatory review by qualified counsel in Argentina and the United States. Argentine real assets carry country, regulatory and currency risk. Figures are model targets and may differ materially from actual results. Final disclaimer to be drafted by US securities counsel before public launch.
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