Real Estate and Lease Intangibles - Summary Information of Farms (Detail)
|
|
12 Months Ended |
|
Dec. 31, 2015
USD ($)
a
Farm
|
Dec. 31, 2015
USD ($)
a
Farm
|
Dec. 31, 2014
USD ($)
a
Farm
|
| Real Estate Properties [Line Items] |
|
|
|
| Number of Farms | Farm |
43
|
43
|
32
|
| Number of Farms | Farm |
|
11
|
11
|
| Total Acres | a |
16,810
|
16,810
|
8,039
|
| Farm Acres | a |
13,022
|
13,022
|
|
| Lease Expiration Date |
|
Jun. 30, 2020
|
|
| Net Cost Basis |
$ 222,196,559
|
$ 222,196,559
|
|
| Debt Issued / Encumbrances |
$ 142,733,157
|
$ 142,733,157
|
|
| 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 |
$ 4,786,649
|
$ 4,786,649
|
|
| Debt Issued / Encumbrances |
$ 4,677,258
|
$ 4,677,258
|
|
| 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 |
$ 12,198,297
|
$ 12,198,297
|
|
| Debt Issued / Encumbrances |
$ 23,796,549
|
$ 23,796,549
|
|
| 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 |
$ 9,299,418
|
$ 9,299,418
|
|
| Debt Issued / Encumbrances |
$ 4,556,294
|
$ 4,556,294
|
|
| 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 |
$ 2,684,346
|
$ 2,684,346
|
|
| Debt Issued / Encumbrances |
$ 1,509,625
|
$ 1,509,625
|
|
| 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 |
$ 1,240,565
|
$ 1,240,565
|
|
| Debt Issued / 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 |
$ 3,957,326
|
$ 3,957,326
|
|
| Debt Issued / 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 |
$ 3,943,865
|
$ 3,943,865
|
|
| Debt Issued / Encumbrances |
$ 2,522,250
|
$ 2,522,250
|
|
| 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 |
$ 1,274,852
|
$ 1,274,852
|
|
| Debt Issued / Encumbrances |
$ 720,943
|
$ 720,943
|
|
| 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 |
$ 3,109,843
|
$ 3,109,843
|
|
| Debt Issued / Encumbrances |
$ 1,666,610
|
$ 1,666,610
|
|
| 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 |
$ 8,421,700
|
$ 8,421,700
|
|
| Debt Issued / Encumbrances |
$ 3,763,311
|
$ 3,763,311
|
|
| 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 |
$ 1,890,436
|
$ 1,890,436
|
|
| Debt Issued / Encumbrances |
$ 1,075,232
|
$ 1,075,232
|
|
| 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 |
46
|
46
|
|
| Lease Expiration Date |
|
Dec. 15, 2023
|
|
| Net Cost Basis |
$ 2,880,849
|
$ 2,880,849
|
|
| Debt Issued / Encumbrances |
$ 1,612,848
|
$ 1,612,848
|
|
| 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 |
$ 13,917,561
|
$ 13,917,561
|
|
| Debt Issued / Encumbrances |
$ 7,526,622
|
$ 7,526,622
|
|
| 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 |
$ 7,875,996
|
$ 7,875,996
|
|
| Debt Issued / Encumbrances |
$ 3,602,026
|
$ 3,602,026
|
|
| 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 |
$ 2,423,608
|
$ 2,423,608
|
|
| Debt Issued / Encumbrances |
$ 1,451,563
|
$ 1,451,563
|
|
| 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 |
$ 5,777,020
|
$ 5,777,020
|
|
| Debt Issued / Encumbrances |
$ 3,171,933
|
$ 3,171,933
|
|
| McIntosh Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Lease Expiration Date |
|
Jun. 30, 2016
|
|
| 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 |
$ 2,476,569
|
$ 2,476,569
|
|
| Debt Issued / Encumbrances |
$ 1,519,620
|
$ 1,519,620
|
|
| 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 |
$ 6,782,572
|
$ 6,782,572
|
|
| Debt Issued / Encumbrances |
$ 3,704,173
|
$ 3,704,173
|
|
| 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 |
$ 6,822,097
|
$ 6,822,097
|
|
| Debt Issued / Encumbrances |
$ 3,118,172
|
$ 3,118,172
|
|
| 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 |
$ 13,771,697
|
$ 13,771,697
|
|
| Debt Issued / Encumbrances |
$ 7,742,812
|
$ 7,742,812
|
|
| 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 |
$ 24,242,056
|
$ 24,242,056
|
|
| Debt Issued / Encumbrances |
$ 13,440,396
|
$ 13,440,396
|
|
| 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 |
$ 6,061,157
|
$ 6,061,157
|
|
| Debt Issued / 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 |
$ 16,541,996
|
$ 16,541,996
|
|
| Debt Issued / 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 |
$ 4,283,210
|
$ 4,283,210
|
|
| Debt Issued / 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 |
$ 15,644,287
|
$ 15,644,287
|
|
| Debt Issued / Encumbrances |
$ 9,360,000
|
$ 9,360,000
|
|
| Holt County [Member] | Stuart, NE [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Aug. 20, 2015
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
1,276
|
1,276
|
|
| Farm Acres | a |
1,052
|
1,052
|
|
| Lease Expiration Date |
|
Dec. 31, 2018
|
|
| Net Cost Basis |
$ 5,478,661
|
$ 5,478,661
|
|
| Debt Issued / Encumbrances |
$ 3,301,000
|
$ 3,301,000
|
|
| Rock County [Member] | Bassett, NE [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Aug. 20, 2015
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
1,283
|
1,283
|
|
| Farm Acres | a |
1,049
|
1,049
|
|
| Lease Expiration Date |
|
Dec. 31, 2018
|
|
| Net Cost Basis |
$ 5,473,099
|
$ 5,473,099
|
|
| Debt Issued / Encumbrances |
$ 3,301,000
|
$ 3,301,000
|
|
| Bear Mountain [Member] | Arvin, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Sep. 03, 2015
|
|
| Number of Farms | Farm |
|
3
|
|
| Total Acres | a |
854
|
854
|
|
| Farm Acres | a |
841
|
841
|
|
| Lease Expiration Date |
|
Jan. 09, 2031
|
|
| Net Cost Basis |
$ 19,384,361
|
$ 19,384,361
|
|
| Debt Issued / Encumbrances |
$ 8,176,640
|
$ 8,176,640
|
|
| Corbitt Road [Member] | Immokalee, FL [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Nov. 02, 2015
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
691
|
691
|
|
| Farm Acres | a |
390
|
390
|
|
| Lease Expiration Date |
|
Dec. 31, 2021
|
|
| Net Cost Basis |
$ 3,820,031
|
$ 3,820,031
|
|
| Debt Issued / Encumbrances |
$ 3,760,000
|
$ 3,760,000
|
|
| Reagan Road [Member] | Willcox, AZ [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Dec. 22, 2015
|
|
| Number of Farms | Farm |
|
1
|
|
| Total Acres | a |
1,239
|
1,239
|
|
| Farm Acres | a |
875
|
875
|
|
| Lease Expiration Date |
|
Dec. 31, 2025
|
|
| Net Cost Basis |
$ 5,732,435
|
$ 5,732,435
|
|
| Debt Issued / Encumbrances |
3,891,000
|
$ 3,891,000
|
|
| 2015 New Real Estate Activity [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Total Acreage | a |
|
8,771
|
|
| Number of Farms | Farm |
|
11
|
|
| Total Purchase Price |
|
$ 75,966,980
|
|
| Acquisition Costs |
631,948
|
631,948
|
|
| Annualized Straight-line Rent |
|
3,944,694
|
|
| Long-term Debt Issued |
57,303,876
|
$ 57,303,876
|
|
| 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] | Espinosa Road [Member] | Strawberries [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 |
89,885
|
89,885
|
|
| Annualized Straight-line Rent |
|
778,342
|
|
| Long-term Debt Issued |
10,178,000
|
$ 10,178,000
|
|
| 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] | Parrish Road [Member] | Strawberries [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 |
103,610
|
103,610
|
|
| Annualized Straight-line Rent |
|
251,832
|
|
| Long-term Debt Issued |
2,374,680
|
$ 2,374,680
|
|
| 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] | Immokalee Exchange [Member] | Misc. Vegetables [Member] | Immokalee, FL [Member] |
|
|
|
| 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 |
151,746
|
151,746
|
|
| Annualized Straight-line Rent |
|
960,104
|
|
| Long-term Debt Issued |
9,360,000
|
$ 9,360,000
|
|
| 2015 New Real Estate Activity [Member] | Holt County [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Aug. 20, 2015
|
|
| 2015 New Real Estate Activity [Member] | Holt County [Member] | Misc. Vegetables [Member] | Stuart, NE [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Aug. 20, 2015
|
|
| Total Acreage | a |
|
1,276
|
|
| Number of Farms | Farm |
|
1
|
|
| Lease Term |
|
3 years 4 months 24 days
|
|
| Total Purchase Price |
|
$ 5,504,000
|
|
| Acquisition Costs |
27,589
|
27,589
|
|
| Annualized Straight-line Rent |
|
289,815
|
|
| Long-term Debt Issued |
3,301,000
|
$ 3,301,000
|
|
| 2015 New Real Estate Activity [Member] | Rock County [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Aug. 20, 2015
|
|
| 2015 New Real Estate Activity [Member] | Rock County [Member] | Misc. Vegetables [Member] | Bassett, NE [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Aug. 20, 2015
|
|
| Total Acreage | a |
|
1,283
|
|
| Number of Farms | Farm |
|
1
|
|
| Lease Term |
|
3 years 4 months 24 days
|
|
| Total Purchase Price |
|
$ 5,504,000
|
|
| Acquisition Costs |
27,589
|
27,589
|
|
| Annualized Straight-line Rent |
|
289,815
|
|
| Long-term Debt Issued |
3,301,000
|
$ 3,301,000
|
|
| 2015 New Real Estate Activity [Member] | Bear Mountain [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Sep. 03, 2015
|
|
| 2015 New Real Estate Activity [Member] | Bear Mountain [Member] | Almonds [Member] | Arvin, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Sep. 03, 2015
|
|
| Total Acreage | a |
|
854
|
|
| Number of Farms | Farm |
|
3
|
|
| Lease Term |
|
15 years 4 months 24 days
|
|
| Renewal Options |
|
10 years
|
|
| Total Purchase Price |
|
$ 18,922,500
|
|
| Acquisition Costs |
119,128
|
119,128
|
|
| Annualized Straight-line Rent |
|
828,608
|
|
| Long-term Debt Issued |
21,138,196
|
$ 21,138,196
|
|
| 2015 New Real Estate Activity [Member] | Corbitt Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Nov. 02, 2015
|
|
| 2015 New Real Estate Activity [Member] | Corbitt Road [Member] | Immokalee, FL [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Nov. 02, 2015
|
|
| Total Acreage | a |
|
691
|
|
| Number of Farms | Farm |
|
1
|
|
| Lease Term |
|
6 years 1 month 6 days
|
|
| Renewal Options |
|
6 years
|
|
| Total Purchase Price |
|
$ 3,760,000
|
|
| Acquisition Costs |
74,857
|
74,857
|
|
| Annualized Straight-line Rent |
|
226,938
|
|
| Long-term Debt Issued |
3,760,000
|
$ 3,760,000
|
|
| 2015 New Real Estate Activity [Member] | Reagan Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Dec. 23, 2015
|
|
| 2015 New Real Estate Activity [Member] | Reagan Road [Member] | Corn [Member] | Willcox, AZ [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
Dec. 23, 2015
|
|
| Total Acreage | a |
|
1,239
|
|
| Number of Farms | Farm |
|
1
|
|
| Lease Term |
|
10 years
|
|
| Renewal Options |
|
5 years
|
|
| Total Purchase Price |
|
$ 5,700,000
|
|
| Acquisition Costs |
37,544
|
37,544
|
|
| Annualized Straight-line Rent |
|
319,240
|
|
| Long-term Debt Issued |
$ 3,891,000
|
$ 3,891,000
|
|
| 2014 New Real Estate Activity [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Total Acreage | a |
|
|
2,039
|
| Number of Farms | Farm |
|
|
11
|
| Lease Expiration Date |
|
|
Oct. 31, 2015
|
| Total Purchase Price |
|
|
$ 68,328,433
|
| Acquisition Costs |
|
|
606,019
|
| Annualized Straight-line Rent |
|
|
3,523,666
|
| Debt Issued / Encumbrances |
|
|
$ 38,533,600
|
| 2014 New Real Estate Activity [Member] | Collins Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
May 30, 2014
|
| 2014 New Real Estate Activity [Member] | Collins Road [Member] | Blueberries [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 |
|
|
60,329
|
| Annualized Straight-line Rent |
|
|
$ 181,172
|
| 2014 New Real Estate Activity [Member] | Spring Valley [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Jun. 13, 2014
|
| 2014 New Real Estate Activity [Member] | Spring Valley [Member] | Strawberries, Misc. Vegetables and Lilies [Member] | Watsonville, CA [Member] |
|
|
|
| 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 |
|
|
49,582
|
| Annualized Straight-line Rent |
|
|
$ 270,901
|
| 2014 New Real Estate Activity [Member] | McIntosh Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Jun. 20, 2014
|
| 2014 New Real Estate Activity [Member] | McIntosh Road [Member] | Strawberries [Member] | Dover, FL [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Jun. 20, 2014
|
| Total Acreage | a |
|
|
94
|
| Number of Farms | Farm |
|
|
2
|
| Lease Term |
|
|
3 years
|
| Renewal Options |
|
|
3 years
|
| Total Purchase Price |
|
|
$ 2,666,000
|
| Acquisition Costs |
|
|
60,939
|
| Annualized Straight-line Rent |
|
|
133,154
|
| Debt Issued / Encumbrances |
|
|
$ 1,599,600
|
| 2014 New Real Estate Activity [Member] | Naumann Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Jul. 23, 2014
|
| 2014 New Real Estate Activity [Member] | Naumann Road [Member] | Strawberries and Raspberries [Member] | Oxnard, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Jul. 23, 2014
|
| Total Acreage | a |
|
|
68
|
| Number of Farms | Farm |
|
|
1
|
| Lease Term |
|
|
3 years
|
| Renewal Options |
|
|
3 years
|
| Total Purchase Price |
|
|
$ 6,888,500
|
| Acquisition Costs |
|
|
91,103
|
| Annualized Straight-line Rent |
|
|
$ 329,667
|
| 2014 New Real Estate Activity [Member] | Sycamore Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Jul. 25, 2014
|
| 2014 New Real Estate Activity [Member] | Sycamore Road [Member] | Misc. Vegetables and Grain [Member] | Arvin, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Jul. 25, 2014
|
| Total Acreage | a |
|
|
326
|
| Number of Farms | Farm |
|
|
1
|
| Lease Term |
|
|
1 year 3 months 18 days
|
| Total Purchase Price |
|
|
$ 5,800,000
|
| Acquisition Costs |
|
|
44,434
|
| Annualized Straight-line Rent |
|
|
$ 184,304
|
| 2014 New Real Estate Activity [Member] | Wauchula Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Sep. 29, 2014
|
| 2014 New Real Estate Activity [Member] | Wauchula Road [Member] | Strawberries, Misc. Vegetables, and Melons [Member] | Duette, FL [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Sep. 29, 2014
|
| Total Acreage | a |
|
|
808
|
| Number of Farms | Farm |
|
|
1
|
| Lease Term |
|
|
10 years
|
| Renewal Options |
|
|
5 years
|
| Total Purchase Price |
|
|
$ 13,765,000
|
| Acquisition Costs |
|
|
132,555
|
| Annualized Straight-line Rent |
|
|
888,439
|
| Debt Issued / Encumbrances |
|
|
$ 8,259,000
|
| 2014 New Real Estate Activity [Member] | Santa Clara Avenue [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Oct. 29, 2014
|
| 2014 New Real Estate Activity [Member] | Santa Clara Avenue [Member] | Strawberries and Misc. Vegetables [Member] | Oxnard, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Oct. 29, 2014
|
| Total Acreage | a |
|
|
333
|
| Number of Farms | Farm |
|
|
2
|
| Lease Term |
|
|
9 months 18 days
|
| Renewal Options |
|
|
2 years
|
| Total Purchase Price |
|
|
$ 24,592,000
|
| Acquisition Costs |
|
|
100,603
|
| Annualized Straight-line Rent |
|
|
1,231,422
|
| Debt Issued / Encumbrances |
|
|
$ 25,000,000
|
| 2014 New Real Estate Activity [Member] | Dufau Road [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Apr. 11, 2014
|
| 2014 New Real Estate Activity [Member] | Dufau Road [Member] | Strawberries and Misc. Vegetables [Member] | Oxnard, CA [Member] |
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
| Acquisition Date |
|
|
Nov. 01, 2014
|
| Total Acreage | a |
|
|
65
|
| Number of Farms | Farm |
|
|
1
|
| Lease Term |
|
|
3 years
|
| Renewal Options |
|
|
3 years
|
| Total Purchase Price |
|
|
$ 6,125,600
|
| Acquisition Costs |
|
|
66,474
|
| Annualized Straight-line Rent |
|
|
304,607
|
| Debt Issued / Encumbrances |
|
|
$ 3,675,000
|