Annual report [Section 13 and 15(d), not S-K Item 405]

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
Dec. 31, 2025
Dec. 31, 2024
Real estate:    
Land and land improvements $ 717,407 $ 743,141
Permanent plantings 345,508 349,761
Irrigation and drainage systems 170,294 169,098
Farm-related facilities 48,789 49,063
Other site improvements 15,015 13,569
Real estate, at cost 1,297,013 1,324,632
Accumulated depreciation (198,261) (167,782)
Total real estate, net $ 1,098,752 $ 1,156,850