Real Estate and Intangible Assets - Schedule of Acquisitions (Details)
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1 Months Ended |
3 Months Ended |
9 Months Ended |
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Sep. 03, 2020
USD ($)
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Jun. 05, 2020
termination_option
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Feb. 25, 2020
USD ($)
a
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Aug. 29, 2019
USD ($)
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Aug. 28, 2019
USD ($)
lease
tenant
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Aug. 16, 2019
USD ($)
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Jul. 22, 2019
USD ($)
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Jul. 11, 2019
USD ($)
option
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Jul. 31, 2020
tenant
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May 31, 2020
USD ($)
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Sep. 30, 2019
USD ($)
a
option
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Sep. 30, 2020
USD ($)
a
option
farm
tenant
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Sep. 30, 2019
USD ($)
a
farm
option
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Apr. 30, 2020
a
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Real Estate Properties [Line Items] |
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Total Acres | a |
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81,586
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92,601
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81,586
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No. of Farms | farm |
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123
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105
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New Long-term Debt |
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$ 506,732,000
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LLC ownership, percentage |
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37.50%
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Number of OP Units Issued |
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$ 288,303
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$ 288,303
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Fair value of preferred stock |
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$ 3,290,000
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$ 3,290,000
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Number of tenants | tenant |
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2
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73
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Van Buren, MI |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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89
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Total commitment |
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$ 150,000
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Monterey, CA |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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304
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Total commitment |
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$ 1,248,000
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Napa, CA |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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270
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Total commitment |
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$ 1,548,000
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Napa, CA | Withers Road |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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47
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38.7
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Total Annualized Straight-line Rent |
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$ 335,000
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Additional compensation payments |
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$ 40,000
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$ 4,000,000.0
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$ 3,200,000
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2020 Acquisitions |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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6,066
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No. of Farms | farm |
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12
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Total Purchase Price |
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$ 64,348,000
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Acquisition Costs |
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418,000
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Total Annualized Straight-line Rent |
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3,571,000
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New Long-term Debt |
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19,581,000
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External legal fees expensed |
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$ 38,000
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2020 Acquisitions | Phillips, CO | County Road 18 |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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1,325
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No. of Farms | farm |
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2
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Lease Term |
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6 years
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Total Purchase Price |
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$ 7,500,000
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Acquisition Costs |
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39,000
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Total Annualized Straight-line Rent |
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417,000
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New Long-term Debt |
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$ 4,500,000
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2020 Acquisitions | Chase, NE | Lamar Valley |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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678
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No. of Farms | farm |
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1
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Lease Term |
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6 years 8 months 12 days
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Number of Renewal Options | option |
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2
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Term of Renewal |
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5 years
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Total Purchase Price |
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$ 3,500,000
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Acquisition Costs |
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42,000
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Total Annualized Straight-line Rent |
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204,000
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New Long-term Debt |
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$ 2,100,000
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2020 Acquisitions | Kern, CA | Driver Road |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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590
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No. of Farms | farm |
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1
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Lease Term |
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4 years 8 months 12 days
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Number of Renewal Options | option |
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2
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Term of Renewal |
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10 years
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Total Purchase Price |
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$ 14,169,000
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Acquisition Costs |
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52,000
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Total Annualized Straight-line Rent |
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784,000
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New Long-term Debt |
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$ 8,500,000
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Lease term through first available termination option |
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14 years 8 months 12 days
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Number of termination options | termination_option |
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6
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2020 Acquisitions | Wicomico & Caroline, MD, and Sussex, DE | Mt. Hermon |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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939
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No. of Farms | farm |
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5
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Lease Term |
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10 years
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Number of Renewal Options | option |
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2
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Term of Renewal |
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5 years
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Total Purchase Price |
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$ 7,346,000
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Acquisition Costs |
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211,000
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Total Annualized Straight-line Rent |
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432,000
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New Long-term Debt |
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$ 4,481,000
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2020 Acquisitions | Fresno, CA | Firestone Avenue |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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2,534
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No. of Farms | farm |
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3
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Lease Term |
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1 year 2 months 12 days
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Number of Renewal Options | option |
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2
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Term of Renewal |
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5 years
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Total Purchase Price |
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$ 31,833,000
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Acquisition Costs |
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74,000
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Total Annualized Straight-line Rent |
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1,734,000
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New Long-term Debt |
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$ 0
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Lease term through first available termination option |
8 years 2 months 12 days
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2020 Acquisitions | Fresno, CA | Firestone Avenue | Firestone Avenue |
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Real Estate Properties [Line Items] |
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LLC ownership, percentage |
12.50%
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LLC ownership, value |
$ 280,000
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2019 Acquisitions |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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8,381
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8,381
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No. of Farms | farm |
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20
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Total Purchase Price |
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$ 201,032,000
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Acquisition Costs |
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1,223,000
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Total Annualized Straight-line Rent |
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13,040,000
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New Long-term Debt |
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$ 120,399,000
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120,399,000
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External legal fees expensed |
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$ 63,000
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2019 Acquisitions | Fresno, CA | Sutter Avenue |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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1,011
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1,011
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No. of Farms | farm |
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1
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Lease Term |
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8 years 2 months 12 days
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8 years 2 months 12 days
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Number of Renewal Options | option |
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2
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2
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Term of Renewal |
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5 years
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5 years
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Total Purchase Price |
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$ 33,000,000
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Acquisition Costs |
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146,000
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Total Annualized Straight-line Rent |
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2,106,000
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New Long-term Debt |
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$ 16,500,000
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$ 16,500,000
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2019 Acquisitions | Fresno, CA | Sutter Avenue | Sutter Avenue |
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Real Estate Properties [Line Items] |
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LLC ownership, percentage |
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11.75%
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LLC ownership, value |
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$ 280,000
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2019 Acquisitions | Lincoln, NE | Somerset Road |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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695
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695
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No. of Farms | farm |
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1
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Lease Term |
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4 years 10 months 24 days
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4 years 10 months 24 days
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Number of Renewal Options | option |
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1
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1
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Term of Renewal |
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5 years
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5 years
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Total Purchase Price |
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$ 2,400,000
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Acquisition Costs |
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33,000
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Total Annualized Straight-line Rent |
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126,000
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New Long-term Debt |
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$ 1,440,000
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$ 1,440,000
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2019 Acquisitions | Madera, CA | Greenhills Boulevard(3) |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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928
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928
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No. of Farms | farm |
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1
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Lease Term |
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10 years 7 months 6 days
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10 years 7 months 6 days
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Number of Renewal Options | option |
|
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2
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2
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Term of Renewal |
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5 years
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5 years
|
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Total Purchase Price |
|
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$ 28,550,000
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Acquisition Costs |
|
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|
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141,000
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Total Annualized Straight-line Rent |
|
|
|
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1,721,000
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New Long-term Debt |
|
|
|
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|
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|
$ 17,130,000
|
|
$ 17,130,000
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2019 Acquisitions | Van Buren, MI | Van Buren Trail |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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159
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159
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No. of Farms | farm |
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2
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Lease Term |
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10 years 7 months 6 days
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10 years 7 months 6 days
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Number of Renewal Options | option |
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2
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2
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Term of Renewal |
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5 years
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5 years
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Total Purchase Price |
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$ 2,682,000
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Acquisition Costs |
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26,000
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Total Annualized Straight-line Rent |
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206,000
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New Long-term Debt |
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$ 1,609,000
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$ 1,609,000
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2019 Acquisitions | Allegran & Van Buren, MI | Blue Star Highway |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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357
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357
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No. of Farms | farm |
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8
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Lease Term |
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10 years 7 months 6 days
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10 years 7 months 6 days
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Number of Renewal Options | option |
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2
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2
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Term of Renewal |
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5 years
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5 years
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Total Purchase Price |
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$ 5,100,000
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Acquisition Costs |
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30,000
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Total Annualized Straight-line Rent |
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390,000
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New Long-term Debt |
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$ 3,060,000
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$ 3,060,000
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2019 Acquisitions | Yolo, CA | Yolo County Line Road |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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542
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542
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No. of Farms | farm |
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1
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Lease Term |
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14 years 7 months 6 days
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14 years 7 months 6 days
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Number of Renewal Options | option |
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1
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1
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Term of Renewal |
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5 years
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5 years
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Total Purchase Price |
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$ 9,190,000
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Acquisition Costs |
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68,000
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Total Annualized Straight-line Rent |
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624,000
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New Long-term Debt |
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$ 5,514,000
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$ 5,514,000
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2019 Acquisitions | Monterey, CA | San Juan Grade Road [Member] |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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324
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324
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No. of Farms | farm |
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1
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Lease Term |
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3 months 18 days
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3 months 18 days
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Number of Renewal Options | option |
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1
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Term of Renewal |
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6 years
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Total Purchase Price |
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$ 9,000,000
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Acquisition Costs |
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68,000
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Total Annualized Straight-line Rent |
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632,000
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New Long-term Debt |
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$ 5,400,000
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$ 5,400,000
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Extension term |
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4 years
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Annualized straight-line rent |
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$ 606,000
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2019 Acquisitions | Monterey, CA | San Juan Grade Road [Member] | Land and Land Improvements |
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Real Estate Properties [Line Items] |
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Tenant improvement commitments |
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$ 100,000
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2019 Acquisitions | Martin, FL | West Citrus Boulevard [Member] |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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3,586
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3,586
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No. of Farms | farm |
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1
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Lease Term |
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8 years 4 months 24 days
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8 years 4 months 24 days
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Number of Renewal Options | option |
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2
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2
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Term of Renewal |
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10 years
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10 years
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Total Purchase Price |
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$ 57,790,000
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Acquisition Costs |
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516,000
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Total Annualized Straight-line Rent |
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3,696,000
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New Long-term Debt |
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$ 37,700,000
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$ 37,700,000
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Number of OP Units Issued |
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$ 288,303
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Fair value of preferred stock |
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$ 3,300,000
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2019 Acquisitions | Ventura, CA | Las Posas Road [Member] |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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413
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413
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No. of Farms | farm |
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3
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Lease Term |
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3 years 3 months 18 days
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3 years 3 months 18 days
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3 years 3 months 18 days
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Number of Renewal Options | option |
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1
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1
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Term of Renewal |
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2 years
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2 years
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Total Purchase Price |
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$ 21,320,000
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Acquisition Costs |
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111,000
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Total Annualized Straight-line Rent |
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1,283,000
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New Long-term Debt |
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$ 12,792,000
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$ 12,792,000
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Number of leases | lease |
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2
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Number of tenants | tenant |
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2
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2019 Acquisitions | Ventura, CA | Las Posas Road [Member] | Land and Land Improvements |
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Real Estate Properties [Line Items] |
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Total commitment |
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$ 1,000,000.0
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2019 Acquisitions | Napa, CA | Withers Road |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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47
|
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366
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366
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No. of Farms | farm |
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1
|
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Lease Term |
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10 years 3 months 18 days
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10 years 3 months 18 days
|
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Number of Renewal Options | option |
|
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2
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2
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Term of Renewal |
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10 years
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10 years
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Total Purchase Price |
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$ 32,000,000
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Acquisition Costs |
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84,000
|
|
Total Annualized Straight-line Rent |
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2,256,000
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New Long-term Debt |
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$ 19,254,000
|
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$ 19,254,000
|
|
2019 Acquisitions | Napa, CA | Withers Road | Land and Land Improvements |
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Real Estate Properties [Line Items] |
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Additional compensation payments |
|
|
$ 40,000
|
$ 4,000,000.0
|
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