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
Sep. 30, 2025
Dec. 31, 2024
Real estate:    
Land and land improvements $ 728,591 $ 743,141
Permanent plantings 347,398 349,761
Irrigation and drainage systems 171,292 169,098
Farm-related facilities 49,049 49,063
Other site improvements 15,009 13,569
Real estate, at cost 1,311,339 1,324,632
Accumulated depreciation (190,214) (167,782)
Total real estate, net $ 1,121,125 $ 1,156,850