Quarterly report [Sections 13 or 15(d)]

REAL ESTATE AND INTANGIBLE ASSETS - Schedule of Components of Investments in Real Estate (Details)

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REAL ESTATE AND INTANGIBLE ASSETS - Schedule of Components of Investments in Real Estate (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Real estate:    
Land and land improvements $ 728,749 $ 743,141
Permanent plantings 349,858 349,761
Irrigation and drainage systems 170,218 169,098
Farm-related facilities 49,048 49,063
Other site improvements 14,776 13,569
Real estate, at cost 1,312,649 1,324,632
Accumulated depreciation (183,200) (167,782)
Total real estate, net $ 1,129,449 $ 1,156,850