Real Estate and Lease Intangibles - Summary Information of Farms (Detail)
|
|
12 Months Ended |
Feb. 08, 2016 |
Dec. 31, 2016
USD ($)
a
farm
option
|
Dec. 31, 2015
USD ($)
a
farm
option
|
| Real Estate Properties [Line Items] |
|
|
|
| Number of farms | farm |
|
58
|
43
|
| Total Acres | a |
|
50,592
|
16,810
|
| Farm Acres | a |
|
39,895
|
|
| Net Cost Basis |
|
$ 325,746,790
|
|
| Debt Issued / Encumbrances |
|
$ 208,759,029
|
|
| 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Number of farms | farm |
|
15
|
|
| Total Acres | a |
|
33,780
|
|
| Total Purchase Price |
|
$ 99,721,955
|
|
| Acquisition Costs |
|
495,542
|
|
| Annualized straight-line rent |
|
5,373,671
|
|
| Debt Issued / Encumbrances |
|
$ 32,853,000
|
|
| 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Number of farms | farm |
|
|
11
|
| Total Acres | a |
|
|
8,771
|
| Total Purchase Price |
|
|
$ 75,966,980
|
| Acquisition Costs |
|
|
641,116
|
| Annualized straight-line rent |
|
|
3,944,694
|
| Debt Issued / Encumbrances |
|
|
$ 57,303,876
|
| San Andreas | Watsonville, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Jun. 16, 1997
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
307
|
|
| Farm Acres | a |
|
238
|
|
| Lease Expiration Date |
|
Dec. 31, 2020
|
|
| Net Cost Basis |
|
$ 4,747,051
|
|
| Debt Issued / Encumbrances |
|
$ 6,917,247
|
|
| West Gonzales | Oxnard, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Sep. 15, 1998
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
653
|
|
| Farm Acres | a |
|
502
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
| Net Cost Basis |
|
$ 12,030,677
|
|
| Debt Issued / Encumbrances |
|
$ 26,956,919
|
|
| West Beach | Watsonville, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Jan. 03, 2011
|
|
| Number of farms | farm |
|
3
|
|
| Total Acres | a |
|
196
|
|
| Farm Acres | a |
|
195
|
|
| Lease Expiration Date |
|
Dec. 31, 2023
|
|
| Net Cost Basis |
|
$ 9,270,197
|
|
| Debt Issued / Encumbrances |
|
$ 6,032,246
|
|
| Dalton Lane | Watsonville, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Jul. 07, 2011
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
72
|
|
| Farm Acres | a |
|
70
|
|
| Lease Expiration Date |
|
Oct. 31, 2020
|
|
| Net Cost Basis |
|
$ 2,672,113
|
|
| Debt Issued / Encumbrances |
|
$ 2,085,347
|
|
| Keysville Road | Plant City, FL |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Oct. 26, 2011
|
|
| Number of farms | farm |
|
2
|
|
| Total Acres | a |
|
61
|
|
| Farm Acres | a |
|
56
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
| Net Cost Basis |
|
$ 1,239,052
|
|
| Debt Issued / Encumbrances |
|
$ 897,600
|
|
| Colding Loop | Wimauma, FL |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Aug. 09, 2012
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
219
|
|
| Farm Acres | a |
|
181
|
|
| Lease Expiration Date |
|
Aug. 04, 2017
|
|
| Net Cost Basis |
|
$ 3,837,942
|
|
| Debt Issued / Encumbrances |
|
$ 2,640,000
|
|
| Trapnell Road | Plant City, FL |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Sep. 12, 2012
|
|
| Number of farms | farm |
|
3
|
|
| Total Acres | a |
|
124
|
|
| Farm Acres | a |
|
110
|
|
| Lease Expiration Date |
|
Jun. 30, 2017
|
|
| Net Cost Basis |
|
$ 3,808,117
|
|
| Debt Issued / Encumbrances |
|
$ 2,389,500
|
|
| 38th Avenue | Covert, MI |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Apr. 05, 2013
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
119
|
|
| Farm Acres | a |
|
89
|
|
| Lease Expiration Date |
|
Apr. 04, 2020
|
|
| Net Cost Basis |
|
$ 1,236,907
|
|
| Debt Issued / Encumbrances |
|
$ 543,207
|
|
| Sequoia Street | Brooks, OR |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
May 31, 2013
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
218
|
|
| Farm Acres | a |
|
206
|
|
| Lease Expiration Date |
|
May 31, 2028
|
|
| Net Cost Basis |
|
$ 3,073,737
|
|
| Debt Issued / Encumbrances |
|
$ 1,705,915
|
|
| Natividad Road | Salinas, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Oct. 21, 2013
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
166
|
|
| Farm Acres | a |
|
166
|
|
| Lease Expiration Date |
|
Oct. 31, 2024
|
|
| Net Cost Basis |
|
$ 8,914,338
|
|
| Debt Issued / Encumbrances |
|
$ 4,323,279
|
|
| 20th Avenue | South Haven, MI |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Nov. 05, 2013
|
|
| Number of farms | farm |
|
3
|
|
| Total Acres | a |
|
151
|
|
| Farm Acres | a |
|
94
|
|
| Lease Expiration Date |
|
Nov. 04, 2018
|
|
| Net Cost Basis |
|
$ 1,813,535
|
|
| Debt Issued / Encumbrances |
|
$ 914,501
|
|
| Broadway Road | Moorpark, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Dec. 16, 2013
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
60
|
|
| Farm Acres | a |
|
46
|
|
| Lease Expiration Date |
|
Dec. 15, 2023
|
|
| Net Cost Basis |
|
$ 2,870,878
|
|
| Debt Issued / Encumbrances |
|
$ 1,698,795
|
|
| Oregon Trail | Echo, OR |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Dec. 27, 2013
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
1,895
|
|
| Farm Acres | a |
|
1,640
|
|
| Lease Expiration Date |
|
Dec. 31, 2023
|
|
| Net Cost Basis |
|
$ 13,972,826
|
|
| Debt Issued / Encumbrances |
|
$ 8,137,938
|
|
| East Shelton | Willcox, AZ |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Dec. 27, 2013
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
1,761
|
|
| Farm Acres | a |
|
1,320
|
|
| Lease Expiration Date |
|
Feb. 29, 2024
|
|
| Net Cost Basis |
|
$ 7,681,498
|
|
| Debt Issued / Encumbrances |
|
$ 4,236,814
|
|
| Collins Road | Clatskanie, OR |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
May 30, 2014
|
|
| Number of farms | farm |
|
2
|
|
| Total Acres | a |
|
200
|
|
| Farm Acres | a |
|
157
|
|
| Lease Expiration Date |
|
Sep. 30, 2024
|
|
| Net Cost Basis |
|
$ 2,314,502
|
|
| Debt Issued / Encumbrances |
|
$ 1,556,381
|
|
| Spring Valley | Watsonville, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Jun. 13, 2014
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
145
|
|
| Farm Acres | a |
|
110
|
|
| Lease Expiration Date |
|
Sep. 30, 2022
|
|
| Net Cost Basis |
|
$ 5,716,822
|
|
| Debt Issued / Encumbrances |
|
$ 3,522,201
|
|
| McIntosh Road |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Lease Expiration Date |
Jun. 30, 2019
|
|
|
| McIntosh Road | Dover, FL |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Jun. 20, 2014
|
|
| Number of farms | farm |
|
2
|
|
| Total Acres | a |
|
94
|
|
| Farm Acres | a |
|
78
|
|
| Lease Expiration Date |
|
Jun. 30, 2017
|
|
| Net Cost Basis |
|
$ 2,428,657
|
|
| Debt Issued / Encumbrances |
|
$ 1,439,640
|
|
| McIntosh Road | Dover, FL | Lease Two |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Lease Expiration Date |
|
Jun. 30, 2019
|
|
| Naumann Road | Oxnard, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Jul. 23, 2014
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
68
|
|
| Farm Acres | a |
|
66
|
|
| Lease Expiration Date |
|
Jul. 31, 2017
|
|
| Net Cost Basis |
|
$ 6,752,465
|
|
| Debt Issued / Encumbrances |
|
$ 3,524,744
|
|
| Sycamore Road | Arvin, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Jul. 25, 2014
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
326
|
|
| Farm Acres | a |
|
322
|
|
| Lease Expiration Date |
|
Oct. 31, 2024
|
|
| Net Cost Basis |
|
$ 6,810,009
|
|
| Debt Issued / Encumbrances |
|
$ 3,933,167
|
|
| Wauchula Road | Duette, FL |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Sep. 29, 2014
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
808
|
|
| Farm Acres | a |
|
590
|
|
| Lease Expiration Date |
|
Sep. 30, 2024
|
|
| Net Cost Basis |
|
$ 13,318,605
|
|
| Debt Issued / Encumbrances |
|
$ 7,329,863
|
|
| Santa Clara Avenue | Oxnard, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Oct. 29, 2014
|
|
| Number of farms | farm |
|
2
|
|
| Total Acres | a |
|
333
|
|
| Farm Acres | a |
|
331
|
|
| Lease Expiration Date |
|
Jul. 31, 2017
|
|
| Net Cost Basis |
|
$ 24,099,573
|
|
| Debt Issued / Encumbrances |
|
$ 13,732,770
|
|
| Dufau Road | Oxnard, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Nov. 04, 2014
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
65
|
|
| Farm Acres | a |
|
64
|
|
| Lease Expiration Date |
|
Nov. 03, 2017
|
|
| Net Cost Basis |
|
$ 6,001,644
|
|
| Debt Issued / Encumbrances |
|
$ 3,675,000
|
|
| Espinosa Road | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Jan. 05, 2015
|
| Espinosa Road | Salinas, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Jan. 05, 2015
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
331
|
|
| Farm Acres | a |
|
329
|
|
| Lease Expiration Date |
|
Oct. 31, 2020
|
|
| Net Cost Basis |
|
$ 16,062,427
|
|
| Debt Issued / Encumbrances |
|
$ 10,178,000
|
|
| Espinosa Road | Salinas, CA | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Jan. 05, 2015
|
| Number of farms | farm |
|
|
1
|
| Total Acres | a |
|
|
331
|
| Lease Term |
|
|
1 year 9 months 18 days
|
| Number of renewal options | option |
|
|
0
|
| Total Purchase Price |
|
|
$ 16,905,500
|
| Acquisition Costs |
|
|
89,885
|
| Annualized straight-line rent |
|
|
778,342
|
| Debt Issued / Encumbrances |
|
|
$ 10,178,000
|
| Parrish Road | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Mar. 10, 2015
|
| Parrish Road | Duette, FL |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Mar. 10, 2015
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
419
|
|
| Farm Acres | a |
|
412
|
|
| Lease Expiration Date |
|
Jun. 30, 2025
|
|
| Net Cost Basis |
|
$ 4,094,292
|
|
| Debt Issued / Encumbrances |
|
$ 2,374,680
|
|
| Parrish Road | Duette, FL | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Mar. 10, 2015
|
| Number of farms | farm |
|
|
1
|
| Total Acres | a |
|
|
419
|
| Lease Term |
|
|
10 years 3 months 18 days
|
| Number of renewal options | option |
|
|
2
|
| Term of renewal |
|
|
5 years
|
| Total Purchase Price |
|
|
$ 3,913,280
|
| Acquisition Costs |
|
|
103,610
|
| Annualized straight-line rent |
|
|
251,832
|
| Debt Issued / Encumbrances |
|
|
$ 2,374,680
|
| Immokalee Exchange | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Jun. 25, 2015
|
| Immokalee Exchange | Immokalee, FL |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Jun. 25, 2015
|
|
| Number of farms | farm |
|
2
|
|
| Total Acres | a |
|
2,678
|
|
| Farm Acres | a |
|
1,644
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
| Net Cost Basis |
|
$ 15,408,261
|
|
| Debt Issued / Encumbrances |
|
$ 9,360,000
|
|
| Immokalee Exchange | Immokalee, FL | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Jun. 25, 2015
|
| Number of farms | farm |
|
|
2
|
| Total Acres | a |
|
|
2,678
|
| Lease Term |
|
|
5 years
|
| Number of renewal options | option |
|
|
2
|
| Term of renewal |
|
|
5 years
|
| Total Purchase Price |
|
|
$ 15,757,700
|
| Acquisition Costs |
|
|
152,571
|
| Annualized straight-line rent |
|
|
960,104
|
| Debt Issued / Encumbrances |
|
|
$ 9,360,000
|
| Holt County | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Aug. 20, 2015
|
| Holt County | Stuart, NE |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Aug. 20, 2015
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
1,276
|
|
| Farm Acres | a |
|
1,052
|
|
| Lease Expiration Date |
|
Dec. 31, 2018
|
|
| Net Cost Basis |
|
$ 5,404,736
|
|
| Debt Issued / Encumbrances |
|
$ 3,301,000
|
|
| Holt County | Stuart, NE | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Aug. 20, 2015
|
| Number of farms | farm |
|
|
1
|
| Total Acres | a |
|
|
1,276
|
| Lease Term |
|
|
3 years 4 months 24 days
|
| Number of renewal options | option |
|
|
0
|
| Total Purchase Price |
|
|
$ 5,504,000
|
| Acquisition Costs |
|
|
27,589
|
| Annualized straight-line rent |
|
|
289,815
|
| Debt Issued / Encumbrances |
|
|
$ 3,301,000
|
| Rock County | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Aug. 20, 2015
|
| Rock County | Bassett, NE |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Aug. 20, 2015
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
1,283
|
|
| Farm Acres | a |
|
1,049
|
|
| Lease Expiration Date |
|
Dec. 31, 2018
|
|
| Net Cost Basis |
|
$ 5,384,329
|
|
| Debt Issued / Encumbrances |
|
$ 3,301,000
|
|
| Rock County | Bassett, NE | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Aug. 20, 2015
|
| Number of farms | farm |
|
|
1
|
| Total Acres | a |
|
|
1,283
|
| Lease Term |
|
|
3 years 4 months 24 days
|
| Number of renewal options | option |
|
|
0
|
| Total Purchase Price |
|
|
$ 5,504,000
|
| Acquisition Costs |
|
|
27,589
|
| Annualized straight-line rent |
|
|
289,815
|
| Debt Issued / Encumbrances |
|
|
$ 3,301,000
|
| Bear Mountain | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Sep. 03, 2015
|
| Bear Mountain | Arvin, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Sep. 03, 2015
|
|
| Number of farms | farm |
|
3
|
|
| Total Acres | a |
|
854
|
|
| Farm Acres | a |
|
841
|
|
| Lease Expiration Date |
|
Jan. 09, 2031
|
|
| Net Cost Basis |
|
$ 26,837,231
|
|
| Debt Issued / Encumbrances |
|
$ 11,279,182
|
|
| Bear Mountain | Arvin, CA | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Sep. 03, 2015
|
| Number of farms | farm |
|
|
3
|
| Total Acres | a |
|
|
854
|
| Lease Term |
|
|
15 years 4 months 24 days
|
| Number of renewal options | option |
|
|
1
|
| Term of renewal |
|
|
10 years
|
| Total Purchase Price |
|
|
$ 18,922,500
|
| Acquisition Costs |
|
|
117,742
|
| Annualized straight-line rent |
|
|
828,608
|
| Debt Issued / Encumbrances |
|
|
$ 21,138,196
|
| Corbitt Road | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Nov. 02, 2015
|
| Corbitt Road | Immokalee, FL |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Nov. 02, 2015
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
691
|
|
| Farm Acres | a |
|
390
|
|
| Lease Expiration Date |
|
Dec. 31, 2021
|
|
| Net Cost Basis |
|
$ 3,733,152
|
|
| Debt Issued / Encumbrances |
|
$ 2,165,760
|
|
| Corbitt Road | Immokalee, FL | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Nov. 02, 2015
|
| Number of farms | farm |
|
|
1
|
| Total Acres | a |
|
|
691
|
| Lease Term |
|
|
6 years 1 month 6 days
|
| Number of renewal options | option |
|
|
1
|
| Term of renewal |
|
|
6 years
|
| Total Purchase Price |
|
|
$ 3,760,000
|
| Acquisition Costs |
|
|
77,259
|
| Annualized straight-line rent |
|
|
226,938
|
| Debt Issued / Encumbrances |
|
|
$ 3,760,000
|
| Reagan Road | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Dec. 22, 2015
|
| Reagan Road | Willcox, AZ |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Dec. 22, 2015
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
1,239
|
|
| Farm Acres | a |
|
875
|
|
| Lease Expiration Date |
|
Dec. 31, 2025
|
|
| Net Cost Basis |
|
$ 5,717,113
|
|
| Debt Issued / Encumbrances |
|
$ 3,210,000
|
|
| Reagan Road | Willcox, AZ | 2015 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
|
Dec. 22, 2015
|
| Number of farms | farm |
|
|
1
|
| Total Acres | a |
|
|
1,239
|
| Lease Term |
|
|
10 years
|
| Number of renewal options | option |
|
|
2
|
| Term of renewal |
|
|
5 years
|
| Total Purchase Price |
|
|
$ 5,700,000
|
| Acquisition Costs |
|
|
44,871
|
| Annualized straight-line rent |
|
|
319,240
|
| Debt Issued / Encumbrances |
|
|
$ 3,891,000
|
| Gunbarrel Road | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Mar. 03, 2016
|
|
| Gunbarrel Road | Alamosa, CO |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Mar. 03, 2016
|
|
| Number of farms | farm |
|
3
|
|
| Total Acres | a |
|
6,191
|
|
| Farm Acres | a |
|
4,730
|
|
| Lease Expiration Date |
|
Feb. 28, 2021
|
|
| Net Cost Basis |
|
$ 24,704,494
|
|
| Debt Issued / Encumbrances |
|
$ 15,303,500
|
|
| Gunbarrel Road | Alamosa, CO | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Mar. 03, 2016
|
|
| Number of farms | farm |
|
3
|
|
| Total Acres | a |
|
6,191
|
|
| Lease Term |
|
5 years
|
|
| Number of renewal options | option |
|
1
|
|
| Term of renewal |
|
5 years
|
|
| Total Purchase Price |
|
$ 25,735,815
|
|
| Acquisition Costs |
|
119,085
|
|
| Annualized straight-line rent |
|
1,590,614
|
|
| Debt Issued / Encumbrances |
|
$ 15,531,000
|
|
| Calaveras Avenue | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Apr. 05, 2016
|
|
| Calaveras Avenue | Coalinga, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Apr. 05, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
453
|
|
| Farm Acres | a |
|
435
|
|
| Lease Expiration Date |
|
Oct. 31, 2025
|
|
| Net Cost Basis |
|
$ 15,187,423
|
|
| Debt Issued / Encumbrances |
|
$ 9,161,418
|
|
| Calaveras Avenue | Coalinga, CA | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Apr. 05, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
453
|
|
| Lease Term |
|
10 years
|
|
| Number of renewal options | option |
|
1
|
|
| Term of renewal |
|
5 years
|
|
| Total Purchase Price |
|
$ 15,470,000
|
|
| Acquisition Costs |
|
38,501
|
|
| Annualized straight-line rent |
|
773,500
|
|
| Debt Issued / Encumbrances |
|
$ 9,282,000
|
|
| Orange Avenue | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Jul. 01, 2016
|
|
| Orange Avenue | Fort Pierce, FL |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Jul. 01, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
401
|
|
| Farm Acres | a |
|
400
|
|
| Lease Expiration Date |
|
Jun. 30, 2023
|
|
| Net Cost Basis |
|
$ 5,088,923
|
|
| Debt Issued / Encumbrances |
|
$ 3,072,602
|
|
| Orange Avenue | Fort Pierce, FL | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Jul. 01, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
401
|
|
| Lease Term |
|
7 years
|
|
| Number of renewal options | option |
|
2
|
|
| Term of renewal |
|
7 years
|
|
| Total Purchase Price |
|
$ 5,100,000
|
|
| Acquisition Costs |
|
37,615
|
|
| Annualized straight-line rent |
|
291,173
|
|
| Debt Issued / Encumbrances |
|
$ 3,120,000
|
|
| Lithia Road | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Aug. 11, 2016
|
|
| Lithia Road | Plant City, FL | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Aug. 11, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
72
|
|
| Lease Term |
|
5 years
|
|
| Number of renewal options | option |
|
0
|
|
| Total Purchase Price |
|
$ 1,700,000
|
|
| Acquisition Costs |
|
38,296
|
|
| Annualized straight-line rent |
|
97,303
|
|
| Debt Issued / Encumbrances |
|
$ 1,020,000
|
|
| Lithia Road | Lithia, FL |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Aug. 11, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
72
|
|
| Farm Acres | a |
|
55
|
|
| Lease Expiration Date |
|
May 31, 2021
|
|
| Net Cost Basis |
|
$ 1,694,521
|
|
| Debt Issued / Encumbrances |
|
$ 1,020,000
|
|
| Baca County | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Sep. 01, 2016
|
|
| Baca County | Edler, CO |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Sep. 01, 2016
|
|
| Number of farms | farm |
|
5
|
|
| Total Acres | a |
|
7,384
|
|
| Farm Acres | a |
|
6,785
|
|
| Lease Expiration Date |
|
Dec. 31, 2020
|
|
| Net Cost Basis |
|
$ 6,381,955
|
|
| Debt Issued / Encumbrances |
|
$ 3,051,727
|
|
| Baca County | Edler, CO | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Sep. 01, 2016
|
|
| Number of farms | farm |
|
5
|
|
| Total Acres | a |
|
7,384
|
|
| Lease Term |
|
4 years
|
|
| Number of renewal options | option |
|
1
|
|
| Term of renewal |
|
5 years
|
|
| Total Purchase Price |
|
$ 6,322,853
|
|
| Acquisition Costs |
|
72,558
|
|
| Annualized straight-line rent |
|
383,734
|
|
| Debt Issued / Encumbrances |
|
$ 0
|
|
| Diego Ranch | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Sep. 14, 2016
|
|
| Diego Ranch | Stanislaus, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Sep. 14, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
1,357
|
|
| Farm Acres | a |
|
1,309
|
|
| Lease Expiration Date |
|
Nov. 15, 2019
|
|
| Net Cost Basis |
|
$ 13,999,584
|
|
| Debt Issued / Encumbrances |
|
$ 7,273,282
|
|
| Diego Ranch | Stanislaus, CA | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Sep. 14, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
1,357
|
|
| Lease Term |
|
3 years
|
|
| Total Purchase Price |
|
$ 13,996,606
|
|
| Acquisition Costs |
|
63,909
|
|
| Annualized straight-line rent |
|
621,092
|
|
| Debt Issued / Encumbrances |
|
$ 0
|
|
| Diego Ranch | Stanislaus, CA | 2016 New Real Estate Activity | Lease One |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Number of renewal options | option |
|
3
|
|
| Term of renewal |
|
5 years
|
|
| Diego Ranch | Stanislaus, CA | 2016 New Real Estate Activity | Lease Two |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Number of renewal options | option |
|
1
|
|
| Term of renewal |
|
3 years
|
|
| Nevada Ranch | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Sep. 14, 2016
|
|
| Nevada Ranch | Merced, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Sep. 14, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
1,130
|
|
| Farm Acres | a |
|
1,021
|
|
| Lease Expiration Date |
|
Nov. 15, 2019
|
|
| Net Cost Basis |
|
$ 13,234,157
|
|
| Debt Issued / Encumbrances |
|
$ 6,713,799
|
|
| Nevada Ranch | Merced, CA | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Sep. 14, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
1,130
|
|
| Lease Term |
|
3 years
|
|
| Total Purchase Price |
|
$ 13,231,832
|
|
| Acquisition Costs |
|
41,650
|
|
| Annualized straight-line rent |
|
574,256
|
|
| Debt Issued / Encumbrances |
|
$ 0
|
|
| Nevada Ranch | Merced, CA | 2016 New Real Estate Activity | Lease One |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Number of renewal options | option |
|
3
|
|
| Term of renewal |
|
5 years
|
|
| Nevada Ranch | Merced, CA | 2016 New Real Estate Activity | Lease Two |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Number of renewal options | option |
|
1
|
|
| Term of renewal |
|
3 years
|
|
| Central Avenue | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Oct. 13, 2016
|
|
| Central Avenue | Kerman, CA |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Oct. 13, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
197
|
|
| Farm Acres | a |
|
195
|
|
| Lease Expiration Date |
|
Oct. 31, 2026
|
|
| Net Cost Basis |
|
$ 6,491,229
|
|
| Debt Issued / Encumbrances |
|
$ 3,900,000
|
|
| Central Avenue | Kerman, CA | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Oct. 13, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
197
|
|
| Lease Term |
|
10 years
|
|
| Total Purchase Price |
|
$ 6,500,000
|
|
| Acquisition Costs |
|
29,284
|
|
| Annualized straight-line rent |
|
325,032
|
|
| Debt Issued / Encumbrances |
|
$ 3,900,000
|
|
| Horse Creek | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Dec. 28, 2016
|
|
| Horse Creek | Kerman, CA | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Number of renewal options | option |
|
2
|
|
| Term of renewal |
|
5 years
|
|
| Horse Creek | Baca, CO |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Dec. 28, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
16,595
|
|
| Farm Acres | a |
|
11,742
|
|
| Lease Expiration Date |
|
Dec. 31, 2020
|
|
| Net Cost Basis |
|
$ 11,711,818
|
|
| Debt Issued / Encumbrances |
|
$ 5,900,005
|
|
| Horse Creek | Baca, CO | 2016 New Real Estate Activity |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Date Acquired |
|
Dec. 28, 2016
|
|
| Number of farms | farm |
|
1
|
|
| Total Acres | a |
|
16,595
|
|
| Lease Term |
|
4 years
|
|
| Number of renewal options | option |
|
1
|
|
| Term of renewal |
|
5 years
|
|
| Total Purchase Price |
|
$ 11,664,849
|
|
| Acquisition Costs |
|
54,644
|
|
| Annualized straight-line rent |
|
716,967
|
|
| Debt Issued / Encumbrances |
|
$ 0
|
|