Annual report pursuant to Section 13 and 15(d)

Real Estate and Lease Intangibles - Summary of Components of Investments in Real Estate (Detail)

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Real Estate and Lease Intangibles - Summary of Components of Investments in Real Estate (Detail) - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Real estate:    
Land and land improvements $ 265,984,509 $ 192,020,381
Irrigation systems 33,968,693 21,849,508
Buildings and improvements 14,670,759 11,184,647
Horticulture 17,759,193 1,490,695
Other site improvements 4,993,440 1,872,606
Real estate, at cost 337,376,594 228,417,837
Accumulated depreciation (11,065,973) (6,634,412)
Real estate, net $ 326,310,621 $ 221,783,425