Real Estate and Intangible Assets - Schedule of Acquisitions (Details)
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1 Months Ended |
12 Months Ended |
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Dec. 24, 2020
USD ($)
property
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Oct. 01, 2020 |
Sep. 03, 2020
USD ($)
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Jun. 05, 2020
termination_option
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Feb. 25, 2020
USD ($)
a
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Nov. 01, 2019
USD ($)
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Oct. 07, 2019
USD ($)
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Aug. 29, 2019
USD ($)
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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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Jun. 01, 2017
lease
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May 31, 2020
USD ($)
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Dec. 31, 2020
USD ($)
a
farm
property
option
tenant
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Dec. 31, 2019
USD ($)
a
option
farm
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Apr. 30, 2020
a
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Real Estate Properties [Line Items] |
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Total Acres | a |
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101,079
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No. of Farms | farm |
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137
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New Long-term Debt |
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$ 627,690,000
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LLC ownership, value |
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1,200,000
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$ 587,000
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Partners' capital account, units issued |
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288,303
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Term preferred stock, fair value |
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$ 3,290,000
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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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81
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Tulare, CA |
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Real Estate Properties [Line Items] |
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Total Acres | a |
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160
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Total Commitment |
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$ 700,000
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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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Withers Road | Napa, CA |
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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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Annualized Straight-line Rent |
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$ 335,000
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Additional compensation payment |
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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 | Driver Road | Kern, CA |
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Real Estate Properties [Line Items] |
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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 lease termination options | termination_option |
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6
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2020 Acquisitions | Firestone Avenue | Fresno, CA |
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Real Estate Properties [Line Items] |
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Lease term through first available termination option |
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8 years 2 months 12 days
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2020 Acquisitions | Firestone Avenue | Fresno, CA | Firestone Avenue |
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Real Estate Properties [Line Items] |
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LLC ownership, percent |
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12.50%
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LLC ownership, value |
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$ 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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13,330
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No. of Farms | farm |
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26
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Asset Acquisition, Consideration Transferred |
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$ 252,722,000
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Acquisitions Costs |
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1,376,000
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Annualized Straight-line Rent |
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16,682,000
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Professional fees |
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$ 76,000
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2019 Acquisitions | Somerset Road | Lincoln, NE |
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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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No. of Farms | farm |
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1
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Lessor, Operating Lease, Term of Contract |
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4 years 10 months 24 days
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Renewal Options | option |
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1
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Renewal Term |
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5 years
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Asset Acquisition, Consideration Transferred |
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$ 2,400,000
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Acquisitions Costs |
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33,000
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Annualized Straight-line Rent |
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$ 126,000
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2019 Acquisitions | Greenhills Boulevard | Madera, CA |
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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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No. of Farms | farm |
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1
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Lessor, Operating Lease, Term of Contract |
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10 years 7 months 6 days
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Renewal Options | option |
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2
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Renewal Term |
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5 years
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Asset Acquisition, Consideration Transferred |
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$ 28,550,000
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Acquisitions Costs |
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141,000
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Annualized Straight-line Rent |
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$ 1,721,000
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2019 Acquisitions | Van Buren Trail | Van Buren, MI |
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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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No. of Farms | farm |
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2
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Lessor, Operating Lease, Term of Contract |
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10 years 7 months 6 days
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Renewal Options | option |
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2
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Renewal Term |
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5 years
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Asset Acquisition, Consideration Transferred |
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$ 2,682,000
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Acquisitions Costs |
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26,000
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Annualized Straight-line Rent |
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$ 206,000
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2019 Acquisitions | Blue Star Highway | Allegran & Van Buren, MI |
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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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No. of Farms | farm |
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8
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Lessor, Operating Lease, Term of Contract |
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10 years 7 months 6 days
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Renewal Options | option |
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2
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Renewal Term |
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5 years
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Asset Acquisition, Consideration Transferred |
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$ 5,100,000
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Acquisitions Costs |
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30,000
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Annualized Straight-line Rent |
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$ 390,000
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2019 Acquisitions | Yolo County Line Road | Yolo, CA |
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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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No. of Farms | farm |
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1
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Lessor, Operating Lease, Term of Contract |
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14 years 7 months 6 days
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Renewal Options | option |
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1
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Renewal Term |
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5 years
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Asset Acquisition, Consideration Transferred |
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$ 9,190,000
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Acquisitions Costs |
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68,000
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Annualized Straight-line Rent |
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$ 624,000
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2019 Acquisitions | San Juan Grade Road | Monterey, CA |
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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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No. of Farms | farm |
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1
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Lessor, Operating Lease, Term of Contract |
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4 months
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3 months 18 days
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Renewal Options | option |
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1
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Renewal Term |
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6 years
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Asset Acquisition, Consideration Transferred |
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$ 9,000,000
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Acquisitions Costs |
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68,000
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Annualized Straight-line Rent |
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$ 632,000
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Lease extension option 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 | West Citrus Boulevard | Martin, FL |
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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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No. of Farms | farm |
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1
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Lessor, Operating Lease, Term of Contract |
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8 years 4 months 24 days
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Renewal Options | option |
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2
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Renewal Term |
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10 years
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Asset Acquisition, Consideration Transferred |
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$ 57,790,000
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Acquisitions Costs |
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516,000
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Annualized Straight-line Rent |
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|
|
|
|
|
|
|
|
|
|
$ 3,696,000
|
|
Partners' capital account, units issued |
|
|
|
|
|
|
|
|
|
|
$ 288,303
|
|
|
|
|
|
|
Term preferred stock, fair value |
|
|
|
|
|
|
|
|
|
|
$ 3,300,000
|
|
|
|
|
|
|
2019 Acquisitions | Sutter Avenue | Fresno, CA | Sutter Avenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LLC ownership, percent |
|
|
|
|
|
13.25%
|
|
|
|
11.75%
|
|
|
|
|
|
|
|
LLC ownership, value |
|
|
|
|
|
$ 307,000
|
|
|
|
$ 280,000
|
|
|
|
|
|
|
|
2019 Acquisitions | Las Posas Road | Ventura, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
413
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
3 years 3 months 18 days
|
|
|
|
|
|
|
3 years 3 months 18 days
|
|
Renewal Options | option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 years
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 21,320,000
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
111,000
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,283,000
|
|
Number of leases | lease |
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
Number of tenants | tenant |
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
2019 Acquisitions | Withers Road | Napa, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
47
|
|
|
|
|
|
|
|
|
|
|
366
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years 3 months 18 days
|
|
Renewal Options | option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 32,000,000
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
84,000
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,256,000
|
|
2019 Acquisitions | Highway 17 | Hayes, NE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,561
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
3 months
|
|
|
|
|
|
|
|
|
2 months 12 days
|
|
Renewal Term |
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 9,690,000
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
44,000
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 489,000
|
|
2019 Acquisitions | Indian Highway | Hayes & Hitchcock, NE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,289
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
4 months
|
|
|
|
|
|
|
|
|
3 months 18 days
|
|
Renewal Term |
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,000,000
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36,000
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 788,000
|
|
Sale leaseback, fixed rental payment |
|
|
|
|
|
|
$ 250,000
|
|
|
|
|
|
|
|
|
|
|
Sale leaseback agreement term |
|
|
|
|
|
|
4 months
|
|
|
|
|
|
|
|
|
|
|
Lease One | 2019 Acquisitions | Sutter Avenue | Fresno, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,011
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8 years 2 months 12 days
|
|
Renewal Options | option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 33,000,000
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
146,000
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,106,000
|
|
Lease Two | 2019 Acquisitions | Sutter Avenue | Fresno, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,099
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8 years
|
|
Renewal Options | option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 37,000,000
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
73,000
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,365,000
|
|
Minimum | 2019 Acquisitions | Highway 17 | Hayes, NE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
$ 630,000
|
|
|
|
|
|
|
|
|
|
|
Minimum | 2019 Acquisitions | Indian Highway | Hayes & Hitchcock, NE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
$ 372,000
|
|
|
|
|
|
|
|
|
|
|
Land and Land Improvements | 2020 Acquisitions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,544
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 255,991,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,065,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,809,000
|
|
|
Professional fees |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 75,000
|
|
|
Land and Land Improvements | 2020 Acquisitions | County Road 18 | Phillips, CO |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,325
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 years
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 7,500,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 416,000
|
|
|
Land and Land Improvements | 2020 Acquisitions | Lamar Valley | Chase, NE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
678
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 years 8 months 12 days
|
|
|
Renewal Options | option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,500,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
42,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 204,000
|
|
|
Land and Land Improvements | 2020 Acquisitions | Driver Road | Kern, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
590
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4 years 8 months 12 days
|
|
|
Renewal Options | option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 14,169,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
52,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 784,000
|
|
|
Land and Land Improvements | 2020 Acquisitions | Mt. Hermon | Wicomico & Caroline, MD, and Sussex, DE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
939
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5
|
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
Renewal Options | option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 7,347,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
226,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 432,000
|
|
|
Land and Land Improvements | 2020 Acquisitions | Firestone Avenue | Fresno, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,534
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 year 2 months 12 days
|
|
|
Renewal Options | option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 31,833,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
131,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,734,000
|
|
|
Land and Land Improvements | 2020 Acquisitions | West Lost Hills Road | Fresno, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
801
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 year 1 month 6 days
|
|
|
Renewal Options | option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4
|
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 years
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 31,827,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
77,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,752,000
|
|
|
Lease term through first available termination option |
|
3 years 1 month 6 days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land and Land Improvements | 2020 Acquisitions | West Lost Hills Road | Fresno, CA | West Lost Hills Road |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LLC ownership, percent |
|
12.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LLC ownership, value |
|
|
$ 294,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land and Land Improvements | 2020 Acquisitions | Tractor Road | Bamberg & Orangeburg, SC |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
597
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9 years 6 months
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,765,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
72,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 244,000
|
|
|
Land and Land Improvements | 2020 Acquisitions | American Ave | Fresno, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
236
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19 years 10 months 24 days
|
|
|
Renewal Options | property |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,600,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 241,000
|
|
|
Land and Land Improvements | 2020 Acquisitions | Round Mountain | Ventura, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
368
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 year 7 months 6 days
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 20,750,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
64,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 949,000
|
|
|
Land and Land Improvements | 2020 Acquisitions | West Sierra | Tulare, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,642
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9 years 10 months 24 days
|
|
|
Renewal Options | property |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 61,500,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
107,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,886,000
|
|
|
Land and Land Improvements | 2020 Acquisitions | Eight Mile Road | San Joaquin, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,036
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
Renewal Options | property |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 34,300,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
81,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,030,000
|
|
|
Land and Land Improvements | 2020 Acquisitions | Rock Road | Whatcom, WA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
638
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
Renewal Options | property |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 31,700,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
74,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,885,000
|
|
|
Land and Land Improvements | 2020 Acquisitions | Fountain Springs | Tulare, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Acres | a |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
160
|
|
|
No. of Farms | farm |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
Lessor, Operating Lease, Term of Contract |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7 years 9 months 18 days
|
|
|
Renewal Options | property |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
Renewal Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
Asset Acquisition, Consideration Transferred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 4,200,000
|
|
|
Acquisitions Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50,000
|
|
|
Annualized Straight-line Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 252,000
|
|
|
Land and Land Improvements | 2019 Acquisitions | Las Posas Road | Ventura, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Commitment |
|
|
|
|
|
|
|
|
$ 1,000,000.0
|
|
|
|
|
|
|
|
|
Land and Land Improvements | 2019 Acquisitions | Withers Road | Napa, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of properties acquired | property |
2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional compensation payment |
$ 3,000,000.0
|
|
|
|
$ 40,000
|
|
|
$ 4,000,000.0
|
|
|
|
|
|
|
|
|
|
Land and Land Improvements | Maximum | 2019 Acquisitions | San Juan Grade Road | Monterey, CA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tenant improvement commitments |
|
|
|
|
|
|
|
|
|
|
|
$ 100,000
|
|
|
|
|
|