Annual report pursuant to Section 13 and 15(d)

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

v3.3.1.900
Real Estate and Lease Intangibles - Summary of Components of Investments in Real Estate (Detail) - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Real estate:        
Land and land improvements $ 192,020,381 $ 122,999,316    
Irrigation systems 21,849,508 12,365,514    
Buildings and improvements 11,184,647 10,479,301    
Horticulture 1,490,695 1,559,340    
Other site improvements 1,872,606 968,007    
Real estate, at cost 228,417,837 148,371,478    
Accumulated Depreciation (6,634,412) (4,431,290) $ (3,166,870) $ (2,535,084)
Real estate, net $ 221,783,425 $ 143,940,188