Israeli-listed company Bethlehem Real Estate has bought up approximately 20 acres in the northern Montana town of Cheyenne for a reported $10.3 million.
The company, which was founded in 2006 and was previously known as Bethlehem Enterprises, is part of the Bethlehem Group, a private equity firm that invests in Israeli businesses.
The property is located about 35 miles south of the city of Cheytney, which is home to a number of Israeli-American communities.
The sale is the latest in a string of acquisitions in the region that have seen Israeli-Jewish companies acquire large tracts of land.
The land acquisition in Cheyete has been a focus of the local and state governments.
The local chapter of the Jewish Community Relations Council, for example, has said it is seeking to establish a new community center and a synagogue in the area.
Cheyeton has been one of the most ethnically diverse communities in the state, according to the Pew Research Center.
Cheylestown, Montana, is also home to several community organizations.