Quarterly report [Sections 13 or 15(d)]

REAL ESTATE AND INTANGIBLE ASSETS - Narrative (Details)

v3.25.2
REAL ESTATE AND INTANGIBLE ASSETS - Narrative (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
Feb. 28, 2025
USD ($)
a
property
Jan. 31, 2025
USD ($)
a
property
Jan. 31, 2024
USD ($)
a
Jun. 30, 2025
USD ($)
a
property
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
a
property
Jun. 30, 2024
USD ($)
Mar. 31, 2025
property
Dec. 31, 2024
USD ($)
property
Sep. 30, 2024
USD ($)
Real Estate [Line Items]                    
Depreciation expense       $ 8,300 $ 8,500 $ 16,500 $ 17,100      
Accretion of below-market leases       $ 34 149 $ 68 189      
Area of real estate property (in acres) | a       103,001   103,001        
Net gain on sale       $ (2,149) (2,800) $ 13,261 7,473      
Real estate and related assets held for sale, net       14,496   14,496     $ 46,314  
Loss from investments in unconsolidated entities       51 85 186 171      
Lease revenue, net       $ 12,296 21,270 $ 29,098 41,096      
Farm                    
Real Estate [Line Items]                    
Number of properties | property       150   150        
Area of real estate property (in acres) | a       86,217   86,217        
Hurricane                    
Real Estate [Line Items]                    
Estimated carrying value of property damaged floods and hurricane                   $ 275
Tenant A                    
Real Estate [Line Items]                    
Lease revenue, net           $ 3,700        
Tenant A | Farm                    
Real Estate [Line Items]                    
Number of properties | property       6   6        
Tenant A | Lease Revenue | Credit concentration risk                    
Real Estate [Line Items]                    
Concentration risk percentage           12.90%        
Fresno LLC and Umatilla LLC Farmland Acquisition                    
Real Estate [Line Items]                    
Loss from investments in unconsolidated entities       $ 51 85 $ 186 171      
Fresno LLC                    
Real Estate [Line Items]                    
LLC ownership interest           50.00%        
Umatilla LLC                    
Real Estate [Line Items]                    
LLC ownership interest           20.50%        
Fresno, California And Umatilla, Oregon                    
Real Estate [Line Items]                    
LLC ownership value       $ 5,600   $ 5,600     $ 5,700  
Disposed of by sale | Farm                    
Real Estate [Line Items]                    
Number of properties | property               7    
Held for sale                    
Real Estate [Line Items]                    
Number of properties | property                 3  
Held for sale | Farm                    
Real Estate [Line Items]                    
Number of properties | property                 7  
Florida                    
Real Estate [Line Items]                    
Area of real estate property (in acres) | a       13,090   13,090        
Lease revenue, net           $ 4,700        
Percentage of total lease revenue           16.20%        
Florida | Farm                    
Real Estate [Line Items]                    
Number of properties | property       20   20        
Area of real estate property (in acres) | a       10,279   10,279        
Florida | Disposed of by sale                    
Real Estate [Line Items]                    
Area of real estate property (in acres) | a   5,630 3,748              
Sale of unfarmed land   $ 52,500 $ 65,700              
Net gain on sale   $ 14,100 $ 10,400              
Florida | Disposed of by sale | Farm                    
Real Estate [Line Items]                    
Number of properties | property   5                
Florida | Held for sale                    
Real Estate [Line Items]                    
Number of properties | property       1   1     1  
Real estate and related assets held for sale, net       $ 14,500   $ 14,500     $ 36,300  
Florida | Held for sale | Farm                    
Real Estate [Line Items]                    
Number of properties | property       2   2     5  
Nebraska                    
Real Estate [Line Items]                    
Area of real estate property (in acres) | a       5,223   5,223        
Nebraska | Farm                    
Real Estate [Line Items]                    
Number of properties | property       7   7        
Area of real estate property (in acres) | a       4,949   4,949        
Nebraska | Disposed of by sale                    
Real Estate [Line Items]                    
Area of real estate property (in acres) | a 2,559                  
Sale of unfarmed land $ 12,000                  
Net gain on sale $ 1,600                  
Nebraska | Disposed of by sale | Farm                    
Real Estate [Line Items]                    
Number of properties | property 2                  
Nebraska | Held for sale                    
Real Estate [Line Items]                    
Number of properties | property                 2  
Real estate and related assets held for sale, net                 $ 10,000  
Nebraska | Held for sale | Farm                    
Real Estate [Line Items]                    
Number of properties | property                 2  
California                    
Real Estate [Line Items]                    
Area of real estate property (in acres) | a       34,845   34,845        
Lease revenue, net           $ 17,100        
Percentage of total lease revenue           58.80%        
California | Farm                    
Real Estate [Line Items]                    
Number of properties | property       63   63        
Area of real estate property (in acres) | a       32,321   32,321        
Lease intangibles, at cost                    
Real Estate [Line Items]                    
Amortization (accretion) expense related to intangible assets       $ 106 289 $ 254 521      
Above-market lease values                    
Real Estate [Line Items]                    
Amortization (accretion) expense related to intangible assets       19 19 38 38      
Lease incentives and other deferred revenue, net                    
Real Estate [Line Items]                    
Amortization (accretion) expense related to intangible assets       $ 2,900 $ 143 $ 6,100 $ 656