Real Estate and Intangible Assets - Summary Information of Farms (Detail)
|
|
6 Months Ended |
12 Months Ended |
|
Jun. 30, 2015
USD ($)
a
Farm
|
Jun. 30, 2015
USD ($)
a
Farm
|
Jun. 30, 2014
USD ($)
a
Farm
|
Dec. 31, 2014
Farm
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Number of Farms | Farm |
36
|
36
|
26
|
|
| Number of Farms | Farm |
|
4
|
|
11
|
| Total Acres | a |
11,467
|
11,467
|
6,439
|
|
| Farm Acres | a |
8,829
|
8,829
|
|
|
| Net Cost Basis |
$ 181,986,814
|
$ 181,986,814
|
|
|
| Encumbrances |
$ 110,461,166
|
$ 110,461,166
|
|
|
| San Andreas [Member] | Watsonville, CA [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Jun. 16, 1997
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
307
|
307
|
|
|
| Farm Acres | a |
238
|
238
|
|
|
| Lease Expiration Date |
|
Dec. 31, 2020
|
|
|
| Net Cost Basis |
$ 4,806,449
|
$ 4,806,449
|
|
|
| Encumbrances |
$ 4,072,726
|
$ 4,072,726
|
|
|
| West Gonzales [Member] | Oxnard, CA [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Sep. 15, 1998
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
653
|
653
|
|
|
| Farm Acres | a |
502
|
502
|
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
|
| Net Cost Basis |
$ 12,309,315
|
$ 12,309,315
|
|
|
| Encumbrances |
$ 20,720,863
|
$ 20,720,863
|
|
|
| West Beach [Member] | Watsonville, CA [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Jan. 03, 2011
|
|
|
| Number of Farms | Farm |
|
3
|
|
|
| Total Acres | a |
196
|
196
|
|
|
| Farm Acres | a |
195
|
195
|
|
|
| Lease Expiration Date |
|
Dec. 31, 2023
|
|
|
| Net Cost Basis |
$ 9,304,059
|
$ 9,304,059
|
|
|
| Encumbrances |
$ 3,967,397
|
$ 3,967,397
|
|
|
| Dalton Lane [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Lease Expiration Date |
|
Oct. 31, 2020
|
|
|
| Dalton Lane [Member] | Watsonville, CA [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Jul. 07, 2011
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
72
|
72
|
|
|
| Farm Acres | a |
70
|
70
|
|
|
| Lease Expiration Date |
|
Oct. 31, 2020
|
|
|
| Net Cost Basis |
$ 2,690,463
|
$ 2,690,463
|
|
|
| Encumbrances |
$ 1,314,507
|
$ 1,314,507
|
|
|
| Keysville Road [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
|
| Keysville Road [Member] | Plant City, FL [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Oct. 26, 2011
|
|
|
| Number of Farms | Farm |
|
2
|
|
|
| Total Acres | a |
59
|
59
|
|
|
| Farm Acres | a |
56
|
56
|
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
|
| Net Cost Basis |
$ 1,241,322
|
$ 1,241,322
|
|
|
| Encumbrances |
$ 897,600
|
$ 897,600
|
|
|
| Colding Loop [Member] | Wimauma, FL [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Aug. 09, 2012
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
219
|
219
|
|
|
| Farm Acres | a |
181
|
181
|
|
|
| Lease Expiration Date |
|
Jun. 14, 2018
|
|
|
| Net Cost Basis |
$ 4,013,732
|
$ 4,013,732
|
|
|
| Encumbrances |
$ 2,640,000
|
$ 2,640,000
|
|
|
| Trapnell Road [Member] | Plant City, FL [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Sep. 12, 2012
|
|
|
| Number of Farms | Farm |
|
3
|
|
|
| Total Acres | a |
124
|
124
|
|
|
| Farm Acres | a |
110
|
110
|
|
|
| Lease Expiration Date |
|
Jun. 30, 2017
|
|
|
| Net Cost Basis |
$ 4,025,042
|
$ 4,025,042
|
|
|
| Encumbrances |
$ 2,655,000
|
$ 2,655,000
|
|
|
| 38th Avenue [Member] | Covert, MI [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Apr. 05, 2013
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
119
|
119
|
|
|
| Farm Acres | a |
89
|
89
|
|
|
| Lease Expiration Date |
|
Apr. 04, 2020
|
|
|
| Net Cost Basis |
$ 1,293,824
|
$ 1,293,824
|
|
|
| Encumbrances |
$ 627,762
|
$ 627,762
|
|
|
| Sequoia Street [Member] | Brooks, OR [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
May 31, 2013
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
218
|
218
|
|
|
| Farm Acres | a |
206
|
206
|
|
|
| Lease Expiration Date |
|
May 31, 2028
|
|
|
| Net Cost Basis |
$ 3,127,897
|
$ 3,127,897
|
|
|
| Encumbrances |
$ 1,451,202
|
$ 1,451,202
|
|
|
| Natividad Road [Member] | Salinas, CA [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Oct. 21, 2013
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
166
|
166
|
|
|
| Farm Acres | a |
166
|
166
|
|
|
| Lease Expiration Date |
|
Oct. 31, 2024
|
|
|
| Net Cost Basis |
$ 8,189,239
|
$ 8,189,239
|
|
|
| Encumbrances |
$ 3,276,906
|
$ 3,276,906
|
|
|
| 20th Avenue [Member] | South Haven, MI [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Nov. 05, 2013
|
|
|
| Number of Farms | Farm |
|
3
|
|
|
| Total Acres | a |
151
|
151
|
|
|
| Farm Acres | a |
94
|
94
|
|
|
| Lease Expiration Date |
|
Nov. 04, 2018
|
|
|
| Net Cost Basis |
$ 1,837,778
|
$ 1,837,778
|
|
|
| Encumbrances |
$ 936,259
|
$ 936,259
|
|
|
| Broadway Road [Member] | Moorpark, CA [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Dec. 16, 2013
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
60
|
60
|
|
|
| Farm Acres | a |
60
|
60
|
|
|
| Lease Expiration Date |
|
Dec. 15, 2023
|
|
|
| Net Cost Basis |
$ 2,891,102
|
$ 2,891,102
|
|
|
| Encumbrances |
$ 1,404,388
|
$ 1,404,388
|
|
|
| Oregon Trail [Member] | Echo, OR [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Dec. 27, 2013
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
1,895
|
1,895
|
|
|
| Farm Acres | a |
1,640
|
1,640
|
|
|
| Lease Expiration Date |
|
Dec. 31, 2023
|
|
|
| Net Cost Basis |
$ 13,955,285
|
$ 13,955,285
|
|
|
| Encumbrances |
$ 6,553,812
|
$ 6,553,812
|
|
|
| East Shelton [Member] | Willcox, AZ [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Dec. 27, 2013
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
1,761
|
1,761
|
|
|
| Farm Acres | a |
1,320
|
1,320
|
|
|
| Lease Expiration Date |
|
Feb. 29, 2024
|
|
|
| Net Cost Basis |
$ 7,972,401
|
$ 7,972,401
|
|
|
| Encumbrances |
$ 3,136,467
|
$ 3,136,467
|
|
|
| Collins Road [Member] | Clatskanie, OR [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
May 30, 2014
|
|
|
| Number of Farms | Farm |
|
2
|
|
|
| Total Acres | a |
200
|
200
|
|
|
| Farm Acres | a |
157
|
157
|
|
|
| Lease Expiration Date |
|
Sep. 30, 2024
|
|
|
| Net Cost Basis |
$ 2,478,279
|
$ 2,478,279
|
|
|
| Encumbrances |
$ 1,263,949
|
$ 1,263,949
|
|
|
| Spring Valley [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Lease Expiration Date |
|
Sep. 30, 2022
|
|
|
| Spring Valley [Member] | Watsonville, CA [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Jun. 13, 2014
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
145
|
145
|
|
|
| Farm Acres | a |
110
|
110
|
|
|
| Lease Expiration Date |
|
Sep. 30, 2022
|
|
|
| Net Cost Basis |
$ 5,807,119
|
$ 5,807,119
|
|
|
| Encumbrances |
$ 2,761,963
|
$ 2,761,963
|
|
|
| McIntosh Road [Member] | Dover, FL [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Jun. 20, 2014
|
|
|
| Number of Farms | Farm |
|
2
|
|
|
| Total Acres | a |
94
|
94
|
|
|
| Farm Acres | a |
78
|
78
|
|
|
| Lease Expiration Date |
|
Jun. 30, 2017
|
|
|
| Net Cost Basis |
$ 2,553,622
|
$ 2,553,622
|
|
|
| Encumbrances |
$ 1,599,600
|
$ 1,599,600
|
|
|
| Naumann Road [Member] | Oxnard, CA [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Jul. 23, 2014
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
68
|
68
|
|
|
| Farm Acres | a |
66
|
66
|
|
|
| Lease Expiration Date |
|
Jul. 31, 2017
|
|
|
| Net Cost Basis |
$ 6,821,216
|
$ 6,821,216
|
|
|
| Encumbrances |
$ 3,225,412
|
$ 3,225,412
|
|
|
| Sycamore Road [Member] | Arvin, CA [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Jul. 25, 2014
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
326
|
326
|
|
|
| Farm Acres | a |
322
|
322
|
|
|
| Lease Expiration Date |
|
Oct. 31, 2024
|
|
|
| Net Cost Basis |
$ 6,387,629
|
$ 6,387,629
|
|
|
| Encumbrances |
$ 2,715,151
|
$ 2,715,151
|
|
|
| Wauchula Road [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Farm Acres | a |
590
|
590
|
|
|
| Wauchula Road [Member] | Duette, FL [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Sep. 29, 2014
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
808
|
808
|
|
|
| Farm Acres | a |
590
|
590
|
|
|
| Lease Expiration Date |
|
Sep. 30, 2024
|
|
|
| Net Cost Basis |
$ 13,521,618
|
$ 13,521,618
|
|
|
| Encumbrances |
$ 7,949,287
|
$ 7,949,287
|
|
|
| Santa Clara Avenue [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Lease Expiration Date |
|
Jul. 31, 2017
|
|
|
| Santa Clara Avenue [Member] | Oxnard, CA [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Oct. 29, 2014
|
|
|
| Number of Farms | Farm |
|
2
|
|
|
| Total Acres | a |
333
|
333
|
|
|
| Farm Acres | a |
331
|
331
|
|
|
| Lease Expiration Date |
|
Jul. 31, 2017
|
|
|
| Net Cost Basis |
$ 24,313,506
|
$ 24,313,506
|
|
|
| Encumbrances |
$ 11,703,235
|
$ 11,703,235
|
|
|
| Dufau Road [Member] | Oxnard, CA [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Nov. 04, 2014
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
65
|
65
|
|
|
| Farm Acres | a |
64
|
64
|
|
|
| Lease Expiration Date |
|
Nov. 03, 2017
|
|
|
| Net Cost Basis |
$ 6,090,913
|
$ 6,090,913
|
|
|
| Encumbrances |
$ 3,675,000
|
$ 3,675,000
|
|
|
| Espinosa Road [Member] | Salinas, CA [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Jan. 05, 2015
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
331
|
331
|
|
|
| Farm Acres | a |
329
|
329
|
|
|
| Lease Expiration Date |
|
Oct. 31, 2016
|
|
|
| Net Cost Basis |
$ 16,725,452
|
$ 16,725,452
|
|
|
| Encumbrances |
$ 10,178,000
|
$ 10,178,000
|
|
|
| Parrish Road [Member] | Duette, FL [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Mar. 10, 2015
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Total Acres | a |
419
|
419
|
|
|
| Farm Acres | a |
211
|
211
|
|
|
| Lease Expiration Date |
|
Jun. 30, 2025
|
|
|
| Net Cost Basis |
$ 3,867,252
|
$ 3,867,252
|
|
|
| Encumbrances |
$ 2,374,680
|
$ 2,374,680
|
|
|
| Immokalee Exchange [Member] | Immokalee, FL [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Jun. 25, 2015
|
|
|
| Number of Farms | Farm |
|
2
|
|
|
| Total Acres | a |
2,678
|
2,678
|
|
|
| Farm Acres | a |
1,644
|
1,644
|
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
|
| Net Cost Basis |
$ 15,762,300
|
$ 15,762,300
|
|
|
| Encumbrances |
9,360,000
|
$ 9,360,000
|
|
|
| 2015 New Real Estate Activity [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Total Acreage | a |
|
3,428
|
|
|
| Number of Farms | Farm |
|
4
|
|
|
| Total purchase price |
|
$ 36,576,480
|
|
|
| Acquisition Costs |
338,082
|
338,082
|
|
|
| Annualized Straight-line Rent |
|
$ 1,990,278
|
|
|
| 2015 New Real Estate Activity [Member] | Espinosa Road [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Jan. 05, 2015
|
|
|
| 2015 New Real Estate Activity [Member] | Parrish Road [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Mar. 10, 2015
|
|
|
| 2015 New Real Estate Activity [Member] | Immokalee Exchange [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Jun. 25, 2015
|
|
|
| 2015 New Real Estate Activity [Member] | Strawberries [Member] | Espinosa Road [Member] | Salinas, CA [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Jan. 05, 2015
|
|
|
| Total Acreage | a |
|
331
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Lease Term |
|
1 year 9 months 18 days
|
|
|
| Total purchase price |
|
$ 16,905,500
|
|
|
| Acquisition Costs |
87,512
|
87,512
|
|
|
| Annualized Straight-line Rent |
|
$ 778,342
|
|
|
| 2015 New Real Estate Activity [Member] | Strawberries [Member] | Parrish Road [Member] | Duette, FL [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Mar. 10, 2015
|
|
|
| Total Acreage | a |
|
419
|
|
|
| Number of Farms | Farm |
|
1
|
|
|
| Lease Term |
|
10 years 3 months 18 days
|
|
|
| Renewal Options |
|
5 years
|
|
|
| Total purchase price |
|
$ 3,913,280
|
|
|
| Acquisition Costs |
101,610
|
101,610
|
|
|
| Annualized Straight-line Rent |
|
$ 251,832
|
|
|
| 2015 New Real Estate Activity [Member] | Misc. Vegetables [Member] | Immokalee Exchange [Member] | Immokalee, FL [Member] |
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|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
Jun. 25, 2015
|
|
|
| Total Acreage | a |
|
2,678
|
|
|
| Number of Farms | Farm |
|
2
|
|
|
| Lease Term |
|
5 years
|
|
|
| Renewal Options |
|
5 years
|
|
|
| Total purchase price |
|
$ 15,757,700
|
|
|
| Acquisition Costs |
$ 148,960
|
148,960
|
|
|
| Annualized Straight-line Rent |
|
$ 960,104
|
|
|
| 2014 New Real Estate Activity [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Total Acreage | a |
|
|
439
|
|
| Number of Farms | Farm |
|
|
5
|
|
| Total purchase price |
|
|
$ 11,157,333
|
|
| Acquisition Costs |
|
|
168,546
|
|
| Annualized Straight-line Rent |
|
|
$ 588,981
|
|
| 2014 New Real Estate Activity [Member] | Collins Road [Member] |
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|
|
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| Real Estate Properties [Line Items] |
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|
|
|
| Acquisition Date |
|
|
May 30, 2014
|
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| 2014 New Real Estate Activity [Member] | Spring Valley [Member] |
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|
|
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| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
|
Jun. 13, 2014
|
|
| 2014 New Real Estate Activity [Member] | McIntosh Road [Member] |
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|
|
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| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
|
Jun. 20, 2014
|
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| 2014 New Real Estate Activity [Member] | Strawberries [Member] | Spring Valley [Member] | Watsonville, CA [Member] |
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|
|
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| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
|
Jun. 13, 2014
|
|
| Total Acreage | a |
|
|
145
|
|
| Number of Farms | Farm |
|
|
1
|
|
| Lease Term |
|
|
2 years 3 months 18 days
|
|
| Total purchase price |
|
|
$ 5,900,000
|
|
| Acquisition Costs |
|
|
48,915
|
|
| Annualized Straight-line Rent |
|
|
$ 270,901
|
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| 2014 New Real Estate Activity [Member] | Strawberries [Member] | McIntosh Road [Member] | Dover, FL [Member] |
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|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
|
Jun. 20, 2014
|
|
| Total Acreage | a |
|
|
94
|
|
| Number of Farms | Farm |
|
|
2
|
|
| Lease Term |
|
|
3 years
|
|
| Total purchase price |
|
|
$ 2,666,000
|
|
| Acquisition Costs |
|
|
61,190
|
|
| Annualized Straight-line Rent |
|
|
$ 136,908
|
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| 2014 New Real Estate Activity [Member] | Blueberries [Member] | Collins Road [Member] | Clatskanie, OR [Member] |
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
| Acquisition Date |
|
|
May 30, 2014
|
|
| Total Acreage | a |
|
|
200
|
|
| Number of Farms | Farm |
|
|
2
|
|
| Lease Term |
|
|
10 years 3 months 18 days
|
|
| Renewal Options |
|
|
5 years
|
|
| Total purchase price |
|
|
$ 2,591,333
|
|
| Acquisition Costs |
|
|
58,441
|
|
| Annualized Straight-line Rent |
|
|
$ 181,172
|
|