Quarterly report pursuant to Section 13 or 15(d)

Real Estate and Intangible Assets - Schedule of Acquisitions (Details)

v3.19.3
Real Estate and Intangible Assets - Schedule of Acquisitions (Details)
 3 Months Ended 9 Months Ended
Aug. 28, 2019
USD ($)
lease
tenant
Aug. 16, 2019
USD ($)
Jul. 22, 2019
USD ($)
Jul. 11, 2019
USD ($)
Jun. 01, 2017
lease
Sep. 30, 2019
USD ($)
a
option
Sep. 30, 2018
USD ($)
a
option
Sep. 30, 2019
USD ($)
a
farm
option
tenant
Sep. 30, 2018
USD ($)
a
farm
option
Feb. 20, 2020
USD ($)
a
Aug. 29, 2019
USD ($)
Jul. 12, 2018
USD ($)
Real Estate Properties [Line Items]                        
Total Acres | a           81,586 67,826 81,586 67,826      
No. of Farms | farm               97 82      
New Long-term Debt           $ 454,939,000   $ 454,939,000        
Number of Leases | lease         2              
Number of tenants | tenant               70        
Madera, CA                        
Real Estate Properties [Line Items]                        
Total Acres | a           928   928        
Ventura, CA                        
Real Estate Properties [Line Items]                        
Total Acres | a           413   413        
Collier & Hendry, FL                        
Real Estate Properties [Line Items]                        
Total Acres | a           5,630   5,630        
2019 Acquisitions                        
Real Estate Properties [Line Items]                        
Total Acres | a           8,381   8,381        
No. of Farms | farm               12        
Total Purchase Price               $ 201,032,000        
Acquisition Costs               1,142,000        
Annualized Straight-line Rent               13,040,000        
New Long-term Debt           $ 120,399,000   120,399,000        
Revenue of acquiree since acquisition date           2,200,000   3,000,000        
Net income (loss) of acquiree since acquisition date           $ 574,000   $ 793,000        
2019 Acquisitions | Lincoln, NE | Somerset Road                        
Real Estate Properties [Line Items]                        
Total Acres | a           695   695        
No. of Farms | farm               1        
Lease Term           4 years 11 months 9 days   4 years 11 months 9 days        
Number of Renewal Options | option           1   1        
Term of Renewal           5 years   5 years        
Total Purchase Price               $ 2,400,000        
Acquisition Costs               28,000        
Annualized Straight-line Rent               126,000        
New Long-term Debt           $ 1,440,000   1,440,000        
External legal fees expensed               $ 63,000        
2019 Acquisitions | Madera, CA | Greenhills Boulevard                        
Real Estate Properties [Line Items]                        
Total Acres | a           928   928        
No. of Farms | farm               1        
Lease Term           10 years 7 months 22 days   10 years 7 months 22 days        
Number of Renewal Options | option           2   2        
Term of Renewal           5 years   5 years        
Total Purchase Price               $ 28,550,000        
Acquisition Costs               143,000        
Annualized Straight-line Rent               1,721,000        
New Long-term Debt           $ 17,130,000   $ 17,130,000        
2019 Acquisitions | Van Buren, MI | Van Buren Trail                        
Real Estate Properties [Line Items]                        
Total Acres | a           159   159        
No. of Farms | farm               1        
Lease Term           10 years 6 months 22 days   10 years 6 months 22 days        
Number of Renewal Options | option           2   2        
Term of Renewal           5 years   5 years        
Total Purchase Price               $ 2,682,000        
Acquisition Costs               28,000        
Annualized Straight-line Rent               206,000        
New Long-term Debt           $ 1,609,000   $ 1,609,000        
2019 Acquisitions | Allegran & Van Buren, MI | Blue Star Highway                        
Real Estate Properties [Line Items]                        
Total Acres | a           357   357        
No. of Farms | farm               1        
Lease Term           10 years 6 months 22 days   10 years 6 months 22 days        
Number of Renewal Options | option           2   2        
Term of Renewal           5 years   5 years        
Total Purchase Price               $ 5,100,000        
Acquisition Costs               31,000        
Annualized Straight-line Rent               390,000        
New Long-term Debt           $ 3,060,000   $ 3,060,000        
2019 Acquisitions | Yolo, CA | Yolo Country Line Road                        
Real Estate Properties [Line Items]                        
Total Acres | a           542   542        
No. of Farms | farm               1        
Lease Term           14 years 7 months 6 days   14 years 7 months 6 days        
Number of Renewal Options | option           1   1        
Term of Renewal           5 years   5 years        
Total Purchase Price               $ 9,190,000        
Acquisition Costs               66,000        
Annualized Straight-line Rent               624,000        
New Long-term Debt           $ 5,514,000   $ 5,514,000        
2019 Acquisitions | Monterey, CA | San Juan Grade Road                        
Real Estate Properties [Line Items]                        
Total Acres | a           324   324        
No. of Farms | farm               1        
Lease Term           4 months 5 days   4 months 5 days        
Term of Renewal       6 years                
Lessor, Operating Lease, Term of Contract, Extension       4 years                
Total Purchase Price               $ 9,000,000        
Acquisition Costs               60,000        
Annualized Straight-line Rent               632,000        
New Long-term Debt           $ 5,400,000   $ 5,400,000        
2019 Acquisitions | Martin, FL | West Citrus Boulevard                        
Real Estate Properties [Line Items]                        
Total Acres | a           3,586   3,586        
No. of Farms | farm               1        
Lease Term           8 years 4 months 10 days   8 years 4 months 10 days        
Number of Renewal Options | option           2   2        
Term of Renewal           10 years   10 years        
Total Purchase Price               $ 57,790,000        
Acquisition Costs               503,000        
Annualized Straight-line Rent               3,696,000        
New Long-term Debt           $ 37,700,000   $ 37,700,000        
Partners' Capital Account, Units Issued     $ 288,303                  
Fair value of preferred stock       $ 3,300,000                
2019 Acquisitions | Fresno, CA | Sutter Avenue                        
Real Estate Properties [Line Items]                        
Total Acres | a           1,011   1,011        
No. of Farms | farm               1        
Lease Term           8 years 2 months 16 days   8 years 2 months 16 days        
Number of Renewal Options | option           2   2        
Term of Renewal           5 years   5 years        
Total Purchase Price               $ 33,000,000        
Acquisition Costs               139,000        
Annualized Straight-line Rent               2,106,000        
LLC ownership, percent   11.75%                    
LLC ownership, value   $ 280,000                    
New Long-term Debt           $ 16,500,000   $ 16,500,000        
2019 Acquisitions | Ventura, CA | Las Posas Road                        
Real Estate Properties [Line Items]                        
Total Acres | a           413   413        
No. of Farms | farm               3        
Lease Term           3 years 3 months 3 days   3 years 3 months 3 days        
Number of Renewal Options | option           1   1        
Term of Renewal           2 years   2 years        
Total Purchase Price               $ 21,320,000        
Acquisition Costs               67,000        
Annualized Straight-line Rent               1,283,000        
New Long-term Debt           $ 12,792,000   $ 12,792,000        
2019 Acquisitions | Napa, CA | Withers Road                        
Real Estate Properties [Line Items]                        
Total Acres | a           366   366        
No. of Farms | farm               1        
Lease Term           10 years 4 months 2 days   10 years 4 months 2 days        
Number of Renewal Options | option           2   2        
Term of Renewal           10 years   10 years        
Total Purchase Price               $ 32,000,000        
Acquisition Costs               77,000        
Annualized Straight-line Rent               2,256,000        
New Long-term Debt           $ 19,254,000   $ 19,254,000        
2018 Acquisitions                        
Real Estate Properties [Line Items]                        
Total Acres | a             6,735   6,735      
No. of Farms | farm                 10      
Total Purchase Price                 $ 51,845,000      
Acquisition Costs                 360,000      
Annualized Straight-line Rent                 2,963,000      
New Long-term Debt             $ 30,813,000   30,813,000      
Revenue of acquiree since acquisition date             554,000   603,000      
Net income (loss) of acquiree since acquisition date             $ 168,000   $ 140,000      
2018 Acquisitions | Van Buren, MI | Cemetery Road                        
Real Estate Properties [Line Items]                        
Total Acres | a             176   176      
No. of Farms | farm                 1      
Lease Term             9 years 7 months 6 days   9 years 7 months 6 days      
Total Purchase Price                 $ 2,100,000      
Acquisition Costs                 39,000      
Annualized Straight-line Rent                 150,000      
New Long-term Debt             $ 1,260,000   $ 1,260,000      
2018 Acquisitions | Kern, CA | Taft Highway                        
Real Estate Properties [Line Items]                        
Total Acres | a             161   161      
No. of Farms | farm                 1      
Total Purchase Price                 $ 2,945,000      
Acquisition Costs                 32,000      
Annualized Straight-line Rent                 0      
New Long-term Debt             $ 1,473,000   $ 1,473,000      
2018 Acquisitions | Collier & Hendry, FL | Owl Hammock                        
Real Estate Properties [Line Items]                        
Total Acres | a             5,630   5,630      
No. of Farms | farm                 5      
Lease Term             6 years 11 months 19 days   6 years 11 months 19 days      
Number of Renewal Options | option             2   2      
Term of Renewal             5 years   5 years      
Total Purchase Price                 $ 37,350,000      
Acquisition Costs                 196,000      
Annualized Straight-line Rent                 2,148,000      
New Long-term Debt             $ 22,410,000   $ 22,410,000      
2018 Acquisitions | Collier & Hendry, FL | Owl Hammock | Land and Land Improvements                        
Real Estate Properties [Line Items]                        
Tenant improvement commitments                       $ 2,000,000
2018 Acquisitions | Jackson, FL | Plantation Road                        
Real Estate Properties [Line Items]                        
Total Acres | a             574   574      
No. of Farms | farm                 1      
Lease Term             2 years 3 months 25 days   2 years 3 months 25 days      
Total Purchase Price                 $ 2,600,000      
Acquisition Costs                 35,000      
Annualized Straight-line Rent                 142,000      
New Long-term Debt             $ 1,560,000   $ 1,560,000      
2018 Acquisitions | Kings, CA | Flint Avenue                        
Real Estate Properties [Line Items]                        
Total Acres | a             194   194      
No. of Farms | farm                 2      
Lease Term             15 years 3 months 18 days   15 years 3 months 18 days      
Number of Renewal Options | option             1   1      
Term of Renewal             5 years   5 years      
Total Purchase Price                 $ 6,850,000      
Acquisition Costs                 58,000      
Annualized Straight-line Rent                 523,000      
New Long-term Debt             $ 4,110,000   $ 4,110,000      
Minimum | 2019 Acquisitions | Monterey, CA | San Juan Grade Road                        
Real Estate Properties [Line Items]                        
Annualized Straight-line Rent       606,000                
Maximum | 2019 Acquisitions | Monterey, CA | San Juan Grade Road | Land and Land Improvements                        
Real Estate Properties [Line Items]                        
Tenant improvement commitments       $ 100,000                
Maximum | 2019 Acquisitions | Ventura, CA | Las Posas Road | Land and Land Improvements                        
Real Estate Properties [Line Items]                        
Lease Term 3 years 3 months 18 days                      
Tenant improvement commitments $ 1,000,000                      
Number of Leases | lease 2                      
Number of tenants | tenant 2                      
Maximum | 2019 Acquisitions | Napa, CA | Withers Road | Land and Land Improvements                        
Real Estate Properties [Line Items]                        
Tenant improvement commitments                     $ 4,000,000  
Maximum | 2019 Acquisitions | Napa, CA | Withers Road | Land and Land Improvements | Forecast                        
Real Estate Properties [Line Items]                        
Total Acres | a                   47    
Tenant improvement commitments                   $ 40,000