Quarterly report pursuant to Section 13 or 15(d)

Real Estate and Intangible Assets - Additional Information (Detail)

v3.3.0.814
Real Estate and Intangible Assets - Additional Information (Detail)
3 Months Ended 9 Months Ended 12 Months Ended
Nov. 02, 2015
USD ($)
a
Farm
Sep. 30, 2015
USD ($)
a
Agreement
Farm
Sep. 10, 2015
USD ($)
Apr. 13, 2015
USD ($)
Renewal_Options
Apr. 08, 2015
USD ($)
Feb. 23, 2015
USD ($)
Renewal_Options
Feb. 09, 2015
USD ($)
Sep. 30, 2015
USD ($)
a
Agreement
Mar. 31, 2015
USD ($)
Sep. 30, 2014
USD ($)
a
Sep. 30, 2015
USD ($)
a
Agreement
Farm
Sep. 30, 2014
USD ($)
a
Farm
Dec. 31, 2014
USD ($)
Farm
Real Estate Properties [Line Items]                          
Number of Farms | Farm   41                 41 29  
Number of farms acquired in separate transaction | Farm                     9 8  
Number of Farms | Farm                     9   11
Rental income               $ 3,080,240   $ 1,771,106 $ 8,483,023 $ 4,828,033  
Property and casualty loss                         $ 232,737
Insurance proceeds                         $ 495,700
Amortization expense related to lease intangible assets               193,651   72,493 645,448 134,502  
Amortization of acquired above market lease values               4,496   3,768 15,286 4,228  
Accretion of acquired below market lease values               52,591   $ 48,781 $ 160,324 $ 89,655  
Wrote off remaining unamortized above-market lease value               $ 27,274          
Percent of total rental revenue                     100.00% 100.00%  
Area leased | a   14,880           14,880   7,641 14,880 7,641  
Area leased, percentage                     100.00% 100.00%  
California [Member]                          
Real Estate Properties [Line Items]                          
Number of Farms | Farm   18                 18 11  
Rental income                     $ 5,652,357 $ 3,260,272  
Percent of total rental revenue                     66.60% 67.50%  
Area leased | a   3,576           3,576   1,993 3,576 1,993  
Area leased, percentage   24.00%                 24.00% 26.10%  
Florida [Member]                          
Real Estate Properties [Line Items]                          
Number of Farms | Farm   12                 12 9  
Rental income                     $ 1,458,433 $ 384,861  
Percent of total rental revenue                     17.20% 8.00%  
Area leased | a   4,401           4,401   1,304 4,401 1,304  
Area leased, percentage   29.60%                 29.60% 17.10%  
Oregon [Member]                          
Real Estate Properties [Line Items]                          
Number of Farms | Farm                     4 4  
Rental income                     $ 876,244 $ 775,438  
Percent of total rental revenue                     10.30% 16.10%  
Area leased | a   2,313           2,313   2,313 2,313 2,313  
Area leased, percentage                     15.60% 30.30%  
Maximum [Member] | Geographic Concentration Risk [Member] | Rental Income [Member]                          
Real Estate Properties [Line Items]                          
Percentage of individual tenant represented total rental revenue recorded                     10.00%    
Dole Food Company [Member]                          
Real Estate Properties [Line Items]                          
Rental income                     $ 2,200,000    
Total number of lease agreement with single tenant | Agreement   2                      
Percent of total rental revenue                     26.10%    
Dole Food Company [Member] | Maximum [Member] | Customer Concentration Risk [Member] | Rental Income [Member]                          
Real Estate Properties [Line Items]                          
Percentage of individual tenant represented total rental revenue recorded                     10.00%    
Separate Tenant [Member]                          
Real Estate Properties [Line Items]                          
Percent of total rental revenue                     11.20%    
Active Purchase and Sale Agreements [Member] | Florida and Georgia [Member]                          
Real Estate Properties [Line Items]                          
Area leased | a   1,688           1,688     1,688    
Total Purchase Price   $ 7,700,000                      
Purchase property expected to close date                     Dec. 31, 2015    
Number of purchase agreements | Agreement   3           3     3    
Land, Buildings, Improvements and Horticulture [Member]                          
Real Estate Properties [Line Items]                          
Real estate depreciation expense               $ 595,539   $ 331,430 $ 1,647,177 $ 887,939  
2015 New Real Estate Activity [Member]                          
Real Estate Properties [Line Items]                          
Number of Farms | Farm                     9    
Rental income               629,000     $ 1,086,976    
Amortization expense related to lease intangible assets               20,255   43,328      
Written off intangibles assets               34,155   $ 46,526      
Total Purchase Price                     $ 66,506,980    
Subsequent Event [Member] | Immokalee, FL [Member]                          
Real Estate Properties [Line Items]                          
Number of Farms | Farm 1                        
Rental income $ 231,000                        
Additional extension period of under the option of tenant 6 years                        
Area leased | a 692                        
Total Purchase Price $ 3,800,000                        
Subsequent Event [Member] | Active Purchase and Sale Agreements [Member] | Immokalee, FL [Member]                          
Real Estate Properties [Line Items]                          
Area leased | a 692                        
Total Purchase Price $ 3,800,000                        
Keysville Road [Member]                          
Real Estate Properties [Line Items]                          
Maturity date of lease                     Jun. 30, 2020    
Rental income             $ 73,749            
Percentage increase in lease amount             7.90%            
Write-off of deferred rent asset balances and rental income related to terminated lease                 $ 32,497        
Spring Valley [Member]                          
Real Estate Properties [Line Items]                          
Maturity date of lease                     Sep. 30, 2022    
Rental income           $ 327,904              
Percentage increase in lease amount           32.50%              
Lease renewal term           6 years              
Number of options granted to extend the lease | Renewal_Options           2              
Additional extension period of under the option of tenant           6 years              
Dalton Lane [Member]                          
Real Estate Properties [Line Items]                          
Maturity date of lease                     Oct. 31, 2020    
Rental income       $ 163,989                  
Percentage increase in lease amount       16.80%                  
Lease renewal term       5 years                  
Number of options granted to extend the lease | Renewal_Options       1                  
Additional extension period of under the option of tenant       5 years                  
McIntosh Road [Member]                          
Real Estate Properties [Line Items]                          
Maturity date of lease                     Jun. 30, 2016    
Rental income     $ 43,200                    
Wrote off an aggregate amount related to unamortized above-market lease value and deferred rent asset balances               27,274          
West Gonzales [Member]                          
Real Estate Properties [Line Items]                          
Total repair cost                 35,648        
Repair cost, capitalized as real estate                 25,682        
Repair and maintenance expense                 $ 9,966        
West Gonzales [Member] | Property and Casualty Recovery Income, Net [Member]                          
Real Estate Properties [Line Items]                          
Insurance proceeds               $ 76,423     $ 97,232    
Santa Clara Avenue [Member]                          
Real Estate Properties [Line Items]                          
Maturity date of lease                     Jul. 31, 2017    
Rental income         $ 1,302,783                
Percentage increase in lease amount         5.80%                
Lease renewal term         2 years