Quarterly report [Sections 13 or 15(d)]

REAL ESTATE AND INTANGIBLE ASSETS - Narrative (Details)

v3.25.3
REAL ESTATE AND INTANGIBLE ASSETS - Narrative (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Aug. 31, 2025
USD ($)
a
property
Feb. 28, 2025
USD ($)
a
property
Jan. 31, 2025
USD ($)
a
property
Jan. 31, 2024
USD ($)
a
Sep. 30, 2025
USD ($)
a
property
Sep. 30, 2024
USD ($)
property
Sep. 30, 2025
USD ($)
a
property
Sep. 30, 2024
USD ($)
property
Dec. 31, 2024
USD ($)
property
Real Estate [Line Items]                  
Depreciation expense         $ 8,300 $ 8,500 $ 24,800 $ 25,600  
Accretion of below-market leases         $ 34 203 $ 101 392  
Area of real estate property (in acres) | a         100,323   100,323    
Gain on disposition of real estate assets         $ 3,062 (832) $ 16,323 6,641  
Gain (loss) from investments in unconsolidated entities         58 28 (128) (143)  
Lease revenue, net         17,736 22,571 46,835 63,667  
Impairment charge         $ 316 2,106 $ 316 2,106  
Farm                  
Real Estate [Line Items]                  
Number of properties | property         148   148    
Area of real estate property (in acres) | a         84,573   84,573    
Hurricane                  
Real Estate [Line Items]                  
Estimated carrying value of property damaged floods and hurricane           275   275  
Tenant A                  
Real Estate [Line Items]                  
Lease revenue, net             $ 5,600    
Tenant A | Farm                  
Real Estate [Line Items]                  
Number of properties | property         6   6    
Tenant A | Lease Revenue | Credit concentration risk                  
Real Estate [Line Items]                  
Concentration risk percentage             12.00%    
Tenant B                  
Real Estate [Line Items]                  
Lease revenue, net             $ 4,700    
Tenant B | Farm                  
Real Estate [Line Items]                  
Number of properties | property         2   2    
Tenant B | Lease Revenue | Credit concentration risk                  
Real Estate [Line Items]                  
Concentration risk percentage             10.10%    
Fresno LLC and Umatilla LLC Farmland Acquisition                  
Real Estate [Line Items]                  
Gain (loss) from investments in unconsolidated entities         $ 58 $ 28 $ (128) $ (143)  
Fresno LLC                  
Real Estate [Line Items]                  
LLC ownership interest             50.00%    
Umatilla LLC                  
Real Estate [Line Items]                  
LLC ownership interest             20.50%    
Fresno, California And Umatilla, Oregon                  
Real Estate [Line Items]                  
LLC ownership value         $ 5,600   $ 5,600   $ 5,700
Held for sale | Real estate for sale                  
Real Estate [Line Items]                  
Number of properties | property                 3
Held for sale | Farm | Real estate for sale                  
Real Estate [Line Items]                  
Number of properties | property                 7
Florida                  
Real Estate [Line Items]                  
Area of real estate property (in acres) | a         10,412   10,412    
Lease revenue, net             $ 6,800    
Percentage of total lease revenue             14.60%    
Florida | Farm                  
Real Estate [Line Items]                  
Number of properties | property         18   18    
Area of real estate property (in acres) | a         8,635   8,635    
Florida | Disposed of by sale | Real estate dispositions                  
Real Estate [Line Items]                  
Area of real estate property (in acres) | a 2,678   5,630 3,748          
Consideration on sale $ 21,500   $ 52,500 $ 65,700          
Gain on disposition of real estate assets $ 6,000   $ 14,100 $ 10,400          
Florida | Disposed of by sale | Farm | Real estate dispositions                  
Real Estate [Line Items]                  
Number of properties | property 2   5            
Nebraska                  
Real Estate [Line Items]                  
Area of real estate property (in acres) | a         5,223   5,223    
Nebraska | Farm                  
Real Estate [Line Items]                  
Number of properties | property         7   7    
Area of real estate property (in acres) | a         4,949   4,949    
Nebraska | Disposed of by sale | Real estate dispositions                  
Real Estate [Line Items]                  
Area of real estate property (in acres) | a   2,559              
Consideration on sale   $ 12,000              
Gain on disposition of real estate assets   $ 1,600              
Nebraska | Disposed of by sale | Farm | Real estate dispositions                  
Real Estate [Line Items]                  
Number of properties | property   2              
California                  
Real Estate [Line Items]                  
Area of real estate property (in acres) | a         34,845   34,845    
Lease revenue, net             $ 28,800    
Percentage of total lease revenue             61.50%    
California | Farm                  
Real Estate [Line Items]                  
Number of properties | property         63   63    
Area of real estate property (in acres) | a         32,321   32,321    
St. Lucie County, Florida                  
Real Estate [Line Items]                  
Number of properties | property         1   1    
Impairment charge         $ 316        
St. Lucie County, Florida | Farm                  
Real Estate [Line Items]                  
Number of properties | property         2   2    
Allegan and Van Buren, Michigan                  
Real Estate [Line Items]                  
Number of properties | property           4   4  
Impairment charge           $ 2,100      
Allegan and Van Buren, Michigan | Farm                  
Real Estate [Line Items]                  
Number of properties | property           11   11  
Lease intangibles, at cost                  
Real Estate [Line Items]                  
Amortization (accretion) expense related to intangible assets         $ 103 $ 318 $ 357 $ 838  
Above-market lease values                  
Real Estate [Line Items]                  
Amortization (accretion) expense related to intangible assets         19 19 58 58  
Lease incentives and other deferred revenue, net                  
Real Estate [Line Items]                  
Amortization (accretion) expense related to intangible assets         $ 3,000 $ (456) $ 9,100 $ 201