The Hamat company, which owns land in the Hamat area in central Ethiopia, has filed for an auction of its properties in the capital Addis Ababa.
The company said it plans to buy the land at an auction for $3.2 million.
The Hamats are a rural, mountainous region in central Africa.
According to a report from Agence France-Presse, the Hamats have an annual population of about 40,000, most of whom live in the hamat region.
It was not immediately clear how the Hamatis would be able to afford the property.
The government has been cracking down on land expropriations in the region, and has been holding more land auctions.
In October, the country’s military said it had arrested more than 30 land exporters and seized a total of 1,632 hectares (4,611 acres) of land.