Keila and Cole are farm workers on a farm that was recently purchased by a developer who plans to turn the farm into condos and retail space. Keila and Cole love farm work and plan to relocate to continue farming. Before the purchase, the developer owned a total of 368 acres of land. After the purchase, be owned a total of 5.27 acres of land. Determine the percent increase in the number of acres of land owned by the developer.