Quarterly report pursuant to Section 13 or 15(d)

Real Estate and Intangible Assets - Additional Information (Detail)

v3.2.0.727
Real Estate and Intangible Assets - Additional Information (Detail)
3 Months Ended 6 Months Ended 12 Months Ended
Nov. 01, 2015
USD ($)
Jun. 30, 2015
USD ($)
a
Farm
Agreement
Jun. 17, 2015
USD ($)
a
Apr. 13, 2015
USD ($)
Renewal_Options
Apr. 08, 2015
USD ($)
Feb. 23, 2015
USD ($)
Renewal_Options
Feb. 09, 2015
USD ($)
Sep. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
a
Mar. 31, 2015
USD ($)
Jun. 30, 2014
USD ($)
a
Jun. 30, 2015
USD ($)
a
Farm
Jun. 30, 2014
USD ($)
a
Farm
Dec. 31, 2014
USD ($)
Farm
Real Estate Properties [Line Items]                            
Number of Farms | Farm   36                   36 26  
Aggregate annual real estate property taxes   $ 1,442,000                        
Payables for real estate property taxes   595,000             $ 595,000     $ 595,000    
Number of farms acquired in separate transaction | Farm                       4 5  
Line of credit   $ 2,800,000             2,800,000     $ 2,800,000   $ 4,000,000
Number of Farms | Farm                       4   11
Rental income                 2,780,456   $ 1,561,291 $ 5,402,783 $ 3,056,927  
Property and casualty loss                           $ 232,737
Insurance proceeds                           $ 495,700
Amortization expense related to intangibles assets                 172,678   33,540 451,796 62,008  
Amortization of acquired above market lease values                 5,395   461 10,790 461  
Accretion of acquired below market lease values                 $ 52,590   $ 20,980 $ 107,733 $ 40,874  
Percent of total rental revenue                       100.00% 100.00%  
Area leased | a   11,467             11,467   6,439 11,467 6,439  
Area leased, percentage                       100.00% 100.00%  
California [Member]                            
Real Estate Properties [Line Items]                            
Number of Farms | Farm   15                   15 9  
Rental income                       $ 3,712,894 $ 2,051,017  
Percent of total rental revenue                       68.70% 67.10%  
Area leased | a   2,722             2,722   1,599 2,722 1,599  
Area leased, percentage   23.70%                   23.70% 24.80%  
Florida [Member]                            
Real Estate Properties [Line Items]                            
Number of Farms | Farm   12                   12 8  
Rental income                       $ 820,834 $ 240,304  
Percent of total rental revenue                       15.20% 7.90%  
Area leased | a   4,401             4,401   496 4,401 496  
Area leased, percentage   38.40%                   38.40% 7.70%  
Oregon [Member]                            
Real Estate Properties [Line Items]                            
Number of Farms | Farm                       4 4  
Rental income                       $ 583,763 $ 492,121  
Percent of total rental revenue                       10.80% 16.10%  
Area leased | a   2,313             2,313   2,313 2,313 2,313  
Area leased, percentage                       20.20% 35.90%  
Maximum [Member] | Geographic Concentration Risk [Member] | Rental Income [Member]                            
Real Estate Properties [Line Items]                            
Percentage of individual tenant represented total rental revenue recorded                       10.00%    
Dole Food Company [Member]                            
Real Estate Properties [Line Items]                            
Rental income                       $ 1,500,000    
Total number of lease agreement with single tenant | Agreement   2                        
Percent of total rental revenue                       27.30% 46.50%  
Dole Food Company [Member] | Maximum [Member] | Customer Concentration Risk [Member] | Rental Income [Member]                            
Real Estate Properties [Line Items]                            
Percentage of individual tenant represented total rental revenue recorded                       10.00% 10.00%  
Separate Tenant [Member]                            
Real Estate Properties [Line Items]                            
Percent of total rental revenue                       11.70%    
Active Purchase and Sale Agreements [Member] | California [Member]                            
Real Estate Properties [Line Items]                            
Area leased | a     841                      
Total purchase price     $ 18,900,000                      
Purchase property expected to close date                       Sep. 30, 2015    
MetLife [Member]                            
Real Estate Properties [Line Items]                            
Line of credit   $ 2,800,000             $ 2,800,000   $ 3,000,000 $ 2,800,000 $ 3,000,000  
Land, Buildings, Improvements and Horticulture [Member]                            
Real Estate Properties [Line Items]                            
Real estate depreciation expense                 539,125   $ 296,946 $ 1,051,639 $ 556,509  
Scenario, Forecast [Member]                            
Real Estate Properties [Line Items]                            
Reduction in annual real estate property taxes $ 171,000                          
Keysville Road [Member]                            
Real Estate Properties [Line Items]                            
Maturity date of lease                       Jun. 30, 2020    
Rental income             $ 73,749              
Percentage increase in lease amount             7.90%              
Write-off of deferred rent asset balances and rental income related to terminated lease                   $ 32,497        
Spring Valley [Member]                            
Real Estate Properties [Line Items]                            
Maturity date of lease                       Sep. 30, 2022    
Rental income           $ 327,904                
Percentage increase in lease amount           32.50%                
Lease renewal term           6 years                
Number of options granted to extend the lease | Renewal_Options           2                
Additional extension period of under the option of tenant           6 years                
Dalton Lane [Member]                            
Real Estate Properties [Line Items]                            
Maturity date of lease                       Oct. 31, 2020    
Rental income       $ 163,989                    
Percentage increase in lease amount       16.80%                    
Lease renewal term       5 years                    
Number of options granted to extend the lease | Renewal_Options       1                    
Additional extension period of under the option of tenant       5 years                    
Santa Clara Avenue [Member]                            
Real Estate Properties [Line Items]                            
Maturity date of lease                       Jul. 31, 2017    
Rental income         $ 1,302,783                  
Percentage increase in lease amount         5.80%                  
Lease renewal term         2 years                  
West Gonzales [Member]                            
Real Estate Properties [Line Items]                            
Total repair cost                   35,648        
Repair cost, capitalized as real estate                   25,682        
Repair and maintenance expense                   $ 9,966        
West Gonzales [Member] | Property And Casualty Recovery [Member]                            
Real Estate Properties [Line Items]                            
Insurance proceeds                 $ 20,809          
West Gonzales [Member] | Scenario, Forecast [Member] | Property And Casualty Recovery [Member]                            
Real Estate Properties [Line Items]                            
Insurance proceeds               $ 76,423