Real Estate and Intangible Assets - Summary Information of Farms (Detail)
|
|
3 Months Ended |
9 Months Ended |
12 Months Ended |
|
Sep. 30, 2015
USD ($)
a
Farm
|
Sep. 30, 2014
USD ($)
a
|
Sep. 30, 2015
USD ($)
a
Farm
|
Sep. 30, 2014
USD ($)
a
Farm
|
Dec. 31, 2014
Farm
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Number of Farms | Farm |
41
|
|
41
|
29
|
|
| Number of Farms | Farm |
|
|
9
|
|
11
|
| Total Acres | a |
14,880
|
7,641
|
14,880
|
7,641
|
|
| Farm Acres | a |
11,771
|
|
11,771
|
|
|
| Net Cost Basis |
$ 212,599,464
|
|
$ 212,599,464
|
|
|
| Encumbrances |
$ 140,085,394
|
|
$ 140,085,394
|
|
|
| San Andreas [Member] | Watsonville, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Jun. 16, 1997
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
307
|
|
307
|
|
|
| Farm Acres | a |
238
|
|
238
|
|
|
| Lease Expiration Date |
|
|
Dec. 31, 2020
|
|
|
| Net Cost Basis |
$ 4,796,549
|
|
$ 4,796,549
|
|
|
| Encumbrances |
$ 4,929,782
|
|
$ 4,929,782
|
|
|
| West Gonzales [Member] | Oxnard, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Sep. 15, 1998
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
653
|
|
653
|
|
|
| Farm Acres | a |
502
|
|
502
|
|
|
| Lease Expiration Date |
|
|
Jun. 30, 2020
|
|
|
| Net Cost Basis |
$ 12,253,806
|
|
$ 12,253,806
|
|
|
| Encumbrances |
$ 25,081,321
|
|
$ 25,081,321
|
|
|
| West Beach [Member] | Watsonville, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Jan. 03, 2011
|
|
|
| Number of Farms | Farm |
|
|
3
|
|
|
| Total Acres | a |
196
|
|
196
|
|
|
| Farm Acres | a |
195
|
|
195
|
|
|
| Lease Expiration Date |
|
|
Dec. 31, 2023
|
|
|
| Net Cost Basis |
$ 9,309,576
|
|
$ 9,309,576
|
|
|
| Encumbrances |
$ 4,802,288
|
|
$ 4,802,288
|
|
|
| Dalton Lane [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Lease Expiration Date |
|
|
Oct. 31, 2020
|
|
|
| Dalton Lane [Member] | Watsonville, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Jul. 07, 2011
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
72
|
|
72
|
|
|
| Farm Acres | a |
70
|
|
70
|
|
|
| Lease Expiration Date |
|
|
Oct. 31, 2020
|
|
|
| Net Cost Basis |
$ 2,687,404
|
|
$ 2,687,404
|
|
|
| Encumbrances |
$ 1,591,130
|
|
$ 1,591,130
|
|
|
| Keysville Road [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Lease Expiration Date |
|
|
Jun. 30, 2020
|
|
|
| Keysville Road [Member] | Plant City, FL [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Oct. 26, 2011
|
|
|
| Number of Farms | Farm |
|
|
2
|
|
|
| Total Acres | a |
59
|
|
59
|
|
|
| Farm Acres | a |
56
|
|
56
|
|
|
| Lease Expiration Date |
|
|
Jun. 30, 2020
|
|
|
| Net Cost Basis |
$ 1,240,944
|
|
$ 1,240,944
|
|
|
| Encumbrances |
$ 897,600
|
|
$ 897,600
|
|
|
| Colding Loop [Member] | Wimauma, FL [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Aug. 09, 2012
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
219
|
|
219
|
|
|
| Farm Acres | a |
181
|
|
181
|
|
|
| Lease Expiration Date |
|
|
Jun. 14, 2018
|
|
|
| Net Cost Basis |
$ 3,985,529
|
|
$ 3,985,529
|
|
|
| Encumbrances |
$ 2,640,000
|
|
$ 2,640,000
|
|
|
| Trapnell Road [Member] | Plant City, FL [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Sep. 12, 2012
|
|
|
| Number of Farms | Farm |
|
|
3
|
|
|
| Total Acres | a |
124
|
|
124
|
|
|
| Farm Acres | a |
110
|
|
110
|
|
|
| Lease Expiration Date |
|
|
Jun. 30, 2017
|
|
|
| Net Cost Basis |
$ 3,984,454
|
|
$ 3,984,454
|
|
|
| Encumbrances |
$ 2,522,250
|
|
$ 2,522,250
|
|
|
| 38th Avenue [Member] | Covert, MI [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Apr. 05, 2013
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
119
|
|
119
|
|
|
| Farm Acres | a |
89
|
|
89
|
|
|
| Lease Expiration Date |
|
|
Apr. 04, 2020
|
|
|
| Net Cost Basis |
$ 1,284,338
|
|
$ 1,284,338
|
|
|
| Encumbrances |
$ 759,866
|
|
$ 759,866
|
|
|
| Sequoia Street [Member] | Brooks, OR [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
May 31, 2013
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
218
|
|
218
|
|
|
| Farm Acres | a |
206
|
|
206
|
|
|
| Lease Expiration Date |
|
|
May 31, 2028
|
|
|
| Net Cost Basis |
$ 3,118,870
|
|
$ 3,118,870
|
|
|
| Encumbrances |
$ 1,756,590
|
|
$ 1,756,590
|
|
|
| Natividad Road [Member] | Salinas, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Oct. 21, 2013
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
166
|
|
166
|
|
|
| Farm Acres | a |
166
|
|
166
|
|
|
| Lease Expiration Date |
|
|
Oct. 31, 2024
|
|
|
| Net Cost Basis |
$ 8,291,741
|
|
$ 8,291,741
|
|
|
| Encumbrances |
$ 3,966,492
|
|
$ 3,966,492
|
|
|
| 20th Avenue [Member] | South Haven, MI [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Nov. 05, 2013
|
|
|
| Number of Farms | Farm |
|
|
3
|
|
|
| Total Acres | a |
151
|
|
151
|
|
|
| Farm Acres | a |
94
|
|
94
|
|
|
| Lease Expiration Date |
|
|
Nov. 04, 2018
|
|
|
| Net Cost Basis |
$ 1,909,662
|
|
$ 1,909,662
|
|
|
| Encumbrances |
$ 1,133,283
|
|
$ 1,133,283
|
|
|
| Broadway Road [Member] | Moorpark, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Dec. 16, 2013
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
60
|
|
60
|
|
|
| Farm Acres | a |
60
|
|
60
|
|
|
| Lease Expiration Date |
|
|
Dec. 15, 2023
|
|
|
| Net Cost Basis |
$ 2,868,979
|
|
$ 2,868,979
|
|
|
| Encumbrances |
$ 1,699,925
|
|
$ 1,699,925
|
|
|
| Oregon Trail [Member] | Echo, OR [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Dec. 27, 2013
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
1,895
|
|
1,895
|
|
|
| Farm Acres | a |
1,640
|
|
1,640
|
|
|
| Lease Expiration Date |
|
|
Dec. 31, 2023
|
|
|
| Net Cost Basis |
$ 13,936,423
|
|
$ 13,936,423
|
|
|
| Encumbrances |
$ 7,932,983
|
|
$ 7,932,983
|
|
|
| East Shelton [Member] | Willcox, AZ [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Dec. 27, 2013
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
1,761
|
|
1,761
|
|
|
| Farm Acres | a |
1,320
|
|
1,320
|
|
|
| Lease Expiration Date |
|
|
Feb. 29, 2024
|
|
|
| Net Cost Basis |
$ 7,924,620
|
|
$ 7,924,620
|
|
|
| Encumbrances |
$ 3,796,499
|
|
$ 3,796,499
|
|
|
| Collins Road [Member] | Clatskanie, OR [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
May 30, 2014
|
|
|
| Number of Farms | Farm |
|
|
2
|
|
|
| Total Acres | a |
200
|
|
200
|
|
|
| Farm Acres | a |
157
|
|
157
|
|
|
| Lease Expiration Date |
|
|
Sep. 30, 2024
|
|
|
| Net Cost Basis |
$ 2,450,944
|
|
$ 2,450,944
|
|
|
| Encumbrances |
$ 1,529,932
|
|
$ 1,529,932
|
|
|
| Spring Valley [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Lease Expiration Date |
|
|
Sep. 30, 2022
|
|
|
| Spring Valley [Member] | Watsonville, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Jun. 13, 2014
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
145
|
|
145
|
|
|
| Farm Acres | a |
110
|
|
110
|
|
|
| Lease Expiration Date |
|
|
Sep. 30, 2022
|
|
|
| Net Cost Basis |
$ 5,792,070
|
|
$ 5,792,070
|
|
|
| Encumbrances |
$ 3,343,186
|
|
$ 3,343,186
|
|
|
| McIntosh Road [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Lease Expiration Date |
|
|
Jun. 30, 2016
|
|
|
| McIntosh Road [Member] | Dover, FL [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Jun. 20, 2014
|
|
|
| Number of Farms | Farm |
|
|
2
|
|
|
| Total Acres | a |
94
|
|
94
|
|
|
| Farm Acres | a |
78
|
|
78
|
|
|
| Lease Expiration Date |
|
|
Jun. 30, 2017
|
|
|
| Net Cost Basis |
$ 2,489,125
|
|
$ 2,489,125
|
|
|
| Encumbrances |
$ 1,519,620
|
|
$ 1,519,620
|
|
|
| Naumann Road [Member] | Oxnard, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Jul. 23, 2014
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
68
|
|
68
|
|
|
| Farm Acres | a |
66
|
|
66
|
|
|
| Lease Expiration Date |
|
|
Jul. 31, 2017
|
|
|
| Net Cost Basis |
$ 6,801,894
|
|
$ 6,801,894
|
|
|
| Encumbrances |
$ 3,904,161
|
|
$ 3,904,161
|
|
|
| Sycamore Road [Member] | Arvin, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Jul. 25, 2014
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
326
|
|
326
|
|
|
| Farm Acres | a |
322
|
|
322
|
|
|
| Lease Expiration Date |
|
|
Oct. 31, 2024
|
|
|
| Net Cost Basis |
$ 6,650,335
|
|
$ 6,650,335
|
|
|
| Encumbrances |
$ 3,286,522
|
|
$ 3,286,522
|
|
|
| Wauchula Road [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Farm Acres | a |
590
|
|
590
|
|
|
| Wauchula Road [Member] | Duette, FL [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Sep. 29, 2014
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
808
|
|
808
|
|
|
| Farm Acres | a |
590
|
|
590
|
|
|
| Lease Expiration Date |
|
|
Sep. 30, 2024
|
|
|
| Net Cost Basis |
$ 13,781,341
|
|
$ 13,781,341
|
|
|
| Encumbrances |
$ 7,846,050
|
|
$ 7,846,050
|
|
|
| Santa Clara Avenue [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Lease Expiration Date |
|
|
Jul. 31, 2017
|
|
|
| Santa Clara Avenue [Member] | Oxnard, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Oct. 29, 2014
|
|
|
| Number of Farms | Farm |
|
|
2
|
|
|
| Total Acres | a |
333
|
|
333
|
|
|
| Farm Acres | a |
331
|
|
331
|
|
|
| Lease Expiration Date |
|
|
Jul. 31, 2017
|
|
|
| Net Cost Basis |
$ 24,277,677
|
|
$ 24,277,677
|
|
|
| Encumbrances |
$ 14,166,041
|
|
$ 14,166,041
|
|
|
| Dufau Road [Member] | Oxnard, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Nov. 04, 2014
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
65
|
|
65
|
|
|
| Farm Acres | a |
64
|
|
64
|
|
|
| Lease Expiration Date |
|
|
Nov. 03, 2017
|
|
|
| Net Cost Basis |
$ 6,076,035
|
|
$ 6,076,035
|
|
|
| Encumbrances |
$ 3,675,000
|
|
$ 3,675,000
|
|
|
| Espinosa Road [Member] | Salinas, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Jan. 05, 2015
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
331
|
|
331
|
|
|
| Farm Acres | a |
329
|
|
329
|
|
|
| Lease Expiration Date |
|
|
Oct. 31, 2016
|
|
|
| Net Cost Basis |
$ 16,633,724
|
|
$ 16,633,724
|
|
|
| Encumbrances |
$ 10,178,000
|
|
$ 10,178,000
|
|
|
| Parrish Road [Member] | Duette, FL [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Mar. 10, 2015
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
419
|
|
419
|
|
|
| Farm Acres | a |
211
|
|
211
|
|
|
| Lease Expiration Date |
|
|
Jun. 30, 2025
|
|
|
| Net Cost Basis |
$ 4,326,273
|
|
$ 4,326,273
|
|
|
| Encumbrances |
$ 2,374,680
|
|
$ 2,374,680
|
|
|
| Immokalee Exchange [Member] | Immokalee, FL [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Jun. 25, 2015
|
|
|
| Number of Farms | Farm |
|
|
2
|
|
|
| Total Acres | a |
2,678
|
|
2,678
|
|
|
| Farm Acres | a |
1,644
|
|
1,644
|
|
|
| Lease Expiration Date |
|
|
Jun. 30, 2020
|
|
|
| Net Cost Basis |
$ 15,703,523
|
|
$ 15,703,523
|
|
|
| Encumbrances |
$ 9,360,000
|
|
$ 9,360,000
|
|
|
| Holt County [Member] | Stuart NE [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Aug. 20, 2015
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
1,276
|
|
1,276
|
|
|
| Farm Acres | a |
1,052
|
|
1,052
|
|
|
| Lease Expiration Date |
|
|
Dec. 31, 2018
|
|
|
| Net Cost Basis |
$ 5,497,143
|
|
$ 5,497,143
|
|
|
| Encumbrances |
$ 3,301,000
|
|
$ 3,301,000
|
|
|
| Rock County [Member] | Bassett NE [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Aug. 20, 2015
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Total Acres | a |
1,283
|
|
1,283
|
|
|
| Farm Acres | a |
1,049
|
|
1,049
|
|
|
| Lease Expiration Date |
|
|
Dec. 31, 2018
|
|
|
| Net Cost Basis |
$ 5,495,291
|
|
$ 5,495,291
|
|
|
| Encumbrances |
$ 3,301,000
|
|
$ 3,301,000
|
|
|
| Bear Mountain [Member] | Arvin, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Sep. 03, 2015
|
|
|
| Number of Farms | Farm |
|
|
3
|
|
|
| Total Acres | a |
854
|
|
854
|
|
|
| Farm Acres | a |
841
|
|
841
|
|
|
| Lease Expiration Date |
|
|
Jan. 09, 2031
|
|
|
| Net Cost Basis |
$ 19,031,194
|
|
$ 19,031,194
|
|
|
| Encumbrances |
8,790,193
|
|
$ 8,790,193
|
|
|
| 2015 New Real Estate Activity [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Total Acreage | a |
|
|
6,841
|
|
|
| Number of Farms | Farm |
|
|
9
|
|
|
| Total Purchase Price |
|
|
$ 66,506,980
|
|
|
| Acquisition Costs |
506,397
|
|
506,397
|
|
|
| Annualized Straight-line Rent |
|
|
3,398,297
|
|
|
| Long-term Debt Issued |
49,652,876
|
|
$ 49,652,876
|
|
|
| 2015 New Real Estate Activity [Member] | Espinosa Road [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Jan. 05, 2015
|
|
|
| 2015 New Real Estate Activity [Member] | Parrish Road [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Mar. 10, 2015
|
|
|
| 2015 New Real Estate Activity [Member] | Immokalee Exchange [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Jun. 25, 2015
|
|
|
| 2015 New Real Estate Activity [Member] | Holt County [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Aug. 20, 2015
|
|
|
| 2015 New Real Estate Activity [Member] | Rock County [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Aug. 20, 2015
|
|
|
| 2015 New Real Estate Activity [Member] | Bear Mountain [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Sep. 03, 2015
|
|
|
| 2015 New Real Estate Activity [Member] | Strawberries [Member] | Espinosa Road [Member] | Salinas, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Jan. 05, 2015
|
|
|
| Total Acreage | a |
|
|
331
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Lease Term |
|
|
1 year 9 months 18 days
|
|
|
| Total Purchase Price |
|
|
$ 16,905,500
|
|
|
| Acquisition Costs |
89,885
|
|
89,885
|
|
|
| Annualized Straight-line Rent |
|
|
778,342
|
|
|
| Long-term Debt Issued |
10,178,000
|
|
$ 10,178,000
|
|
|
| 2015 New Real Estate Activity [Member] | Strawberries [Member] | Parrish Road [Member] | Duette, FL [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Mar. 10, 2015
|
|
|
| Total Acreage | a |
|
|
419
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Lease Term |
|
|
10 years 3 months 18 days
|
|
|
| Renewal Options |
|
|
5 years
|
|
|
| Total Purchase Price |
|
|
$ 3,913,280
|
|
|
| Acquisition Costs |
103,610
|
|
103,610
|
|
|
| Annualized Straight-line Rent |
|
|
251,832
|
|
|
| Long-term Debt Issued |
2,374,680
|
|
$ 2,374,680
|
|
|
| 2015 New Real Estate Activity [Member] | Misc. Vegetables [Member] | Immokalee Exchange [Member] | Immokalee, FL [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Jun. 25, 2015
|
|
|
| Total Acreage | a |
|
|
2,678
|
|
|
| Number of Farms | Farm |
|
|
2
|
|
|
| Lease Term |
|
|
5 years
|
|
|
| Renewal Options |
|
|
5 years
|
|
|
| Total Purchase Price |
|
|
$ 15,757,700
|
|
|
| Acquisition Costs |
151,386
|
|
151,386
|
|
|
| Annualized Straight-line Rent |
|
|
960,104
|
|
|
| Long-term Debt Issued |
9,360,000
|
|
$ 9,360,000
|
|
|
| 2015 New Real Estate Activity [Member] | Misc. Vegetables [Member] | Holt County [Member] | Stuart NE [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Aug. 20, 2015
|
|
|
| Total Acreage | a |
|
|
1,276
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Lease Term |
|
|
3 years 4 months 24 days
|
|
|
| Total Purchase Price |
|
|
$ 5,504,000
|
|
|
| Acquisition Costs |
23,789
|
|
23,789
|
|
|
| Annualized Straight-line Rent |
|
|
289,815
|
|
|
| Long-term Debt Issued |
3,301,000
|
|
$ 3,301,000
|
|
|
| 2015 New Real Estate Activity [Member] | Misc. Vegetables [Member] | Rock County [Member] | Bassett NE [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Aug. 20, 2015
|
|
|
| Total Acreage | a |
|
|
1,283
|
|
|
| Number of Farms | Farm |
|
|
1
|
|
|
| Lease Term |
|
|
3 years 4 months 24 days
|
|
|
| Total Purchase Price |
|
|
$ 5,504,000
|
|
|
| Acquisition Costs |
23,789
|
|
23,789
|
|
|
| Annualized Straight-line Rent |
|
|
289,815
|
|
|
| Long-term Debt Issued |
3,301,000
|
|
$ 3,301,000
|
|
|
| 2015 New Real Estate Activity [Member] | Almonds [Member] | Bear Mountain [Member] | Arvin, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
Sep. 03, 2015
|
|
|
| Total Acreage | a |
|
|
854
|
|
|
| Number of Farms | Farm |
|
|
3
|
|
|
| Lease Term |
|
|
15 years 4 months 24 days
|
|
|
| Renewal Options |
|
|
10 years
|
|
|
| Total Purchase Price |
|
|
$ 18,922,500
|
|
|
| Acquisition Costs |
113,938
|
|
113,938
|
|
|
| Annualized Straight-line Rent |
|
|
828,389
|
|
|
| Long-term Debt Issued |
$ 21,138,196
|
|
$ 21,138,196
|
|
|
| 2014 New Real Estate Activity [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Total Acreage | a |
|
|
|
1,641
|
|
| Number of Farms | Farm |
|
|
|
8
|
|
| Lease Expiration Date |
|
|
|
Oct. 31, 2015
|
|
| Total Purchase Price |
|
|
|
$ 37,610,833
|
|
| Acquisition Costs |
|
$ 431,479
|
|
431,479
|
|
| Annualized Straight-line Rent |
|
|
|
1,987,638
|
|
| Long-term Debt Issued |
|
$ 16,805,148
|
|
$ 16,805,148
|
|
| 2014 New Real Estate Activity [Member] | Collins Road [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
May 30, 2014
|
|
|
|
| 2014 New Real Estate Activity [Member] | Spring Valley [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
Jun. 13, 2014
|
|
|
|
| 2014 New Real Estate Activity [Member] | McIntosh Road [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
Jun. 20, 2014
|
|
|
|
| 2014 New Real Estate Activity [Member] | Naumann Road [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
Jul. 23, 2014
|
|
|
|
| 2014 New Real Estate Activity [Member] | Sycamore Road [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
Jul. 25, 2014
|
|
|
|
| 2014 New Real Estate Activity [Member] | Wauchula Road [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
Sep. 29, 2014
|
|
|
|
| 2014 New Real Estate Activity [Member] | Strawberries [Member] | Spring Valley [Member] | Watsonville, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
|
Jun. 13, 2014
|
|
| Total Acreage | a |
|
|
|
145
|
|
| Number of Farms | Farm |
|
|
|
1
|
|
| Lease Term |
|
|
|
2 years 3 months 18 days
|
|
| Total Purchase Price |
|
|
|
$ 5,900,000
|
|
| Acquisition Costs |
|
$ 50,896
|
|
50,896
|
|
| Annualized Straight-line Rent |
|
|
|
270,901
|
|
| Long-term Debt Issued |
|
2,204,660
|
|
$ 2,204,660
|
|
| 2014 New Real Estate Activity [Member] | Strawberries [Member] | McIntosh Road [Member] | Dover, FL [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
|
Jun. 20, 2014
|
|
| Total Acreage | a |
|
|
|
94
|
|
| Number of Farms | Farm |
|
|
|
2
|
|
| Lease Term |
|
|
|
3 years
|
|
| Renewal Options |
|
|
|
3 years
|
|
| Total Purchase Price |
|
|
|
$ 2,666,000
|
|
| Acquisition Costs |
|
60,676
|
|
60,676
|
|
| Annualized Straight-line Rent |
|
|
|
133,154
|
|
| Long-term Debt Issued |
|
1,599,600
|
|
$ 1,599,600
|
|
| 2014 New Real Estate Activity [Member] | Strawberries [Member] | Naumann Road [Member] | Oxnard, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
|
Jul. 23, 2014
|
|
| Total Acreage | a |
|
|
|
68
|
|
| Number of Farms | Farm |
|
|
|
1
|
|
| Lease Term |
|
|
|
3 years
|
|
| Renewal Options |
|
|
|
3 years
|
|
| Total Purchase Price |
|
|
|
$ 6,888,500
|
|
| Acquisition Costs |
|
91,103
|
|
91,103
|
|
| Annualized Straight-line Rent |
|
|
|
329,668
|
|
| Long-term Debt Issued |
|
2,574,595
|
|
$ 2,574,595
|
|
| 2014 New Real Estate Activity [Member] | Strawberries [Member] | Wauchula Road [Member] | Duette, FL [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
|
Sep. 29, 2014
|
|
| Total Acreage | a |
|
|
|
808
|
|
| Number of Farms | Farm |
|
|
|
1
|
|
| Lease Term |
|
|
|
10 years
|
|
| Renewal Options |
|
|
|
5 years
|
|
| Total Purchase Price |
|
|
|
$ 13,765,000
|
|
| Acquisition Costs |
|
123,500
|
|
123,500
|
|
| Annualized Straight-line Rent |
|
|
|
888,439
|
|
| Long-term Debt Issued |
|
8,259,000
|
|
$ 8,259,000
|
|
| 2014 New Real Estate Activity [Member] | Blueberries [Member] | Collins Road [Member] | Clatskanie, OR [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
|
May 30, 2014
|
|
| Total Acreage | a |
|
|
|
200
|
|
| Number of Farms | Farm |
|
|
|
2
|
|
| Lease Term |
|
|
|
10 years 3 months 18 days
|
|
| Renewal Options |
|
|
|
5 years
|
|
| Total Purchase Price |
|
|
|
$ 2,591,333
|
|
| Acquisition Costs |
|
60,870
|
|
60,870
|
|
| Annualized Straight-line Rent |
|
|
|
$ 181,172
|
|
| 2014 New Real Estate Activity [Member] | Vegetables [Member] | Sycamore Road [Member] | Arvin, CA [Member] |
|
|
|
|
|
| Real Estate Properties [Line Items] |
|
|
|
|
|
| Acquisition Date |
|
|
|
Jul. 25, 2014
|
|
| Total Acreage | a |
|
|
|
326
|
|
| Number of Farms | Farm |
|
|
|
1
|
|
| Lease Term |
|
|
|
1 year 3 months 18 days
|
|
| Total Purchase Price |
|
|
|
$ 5,800,000
|
|
| Acquisition Costs |
|
44,434
|
|
44,434
|
|
| Annualized Straight-line Rent |
|
|
|
184,304
|
|
| Long-term Debt Issued |
|
$ 2,167,293
|
|
$ 2,167,293
|
|