Annual report pursuant to Section 13 and 15(d)

Real Estate and Intangible Assets - 2019 Acquisitions (Details)

v3.19.3.a.u2
Real Estate and Intangible Assets - 2019 Acquisitions (Details)
 12 Months Ended
Nov. 01, 2019
USD ($)
Oct. 07, 2019
USD ($)
Aug. 28, 2019
lease
tenant
Aug. 16, 2019
USD ($)
Jul. 22, 2019
USD ($)
Jul. 11, 2019
USD ($)
Jun. 01, 2017
lease
Dec. 31, 2019
USD ($)
a
farm
option
tenant
Dec. 31, 2018
USD ($)
a
farm
Feb. 25, 2020
USD ($)
a
Aug. 29, 2019
USD ($)
Real Estate Properties [Line Items]                      
Total Acres | a               86,535 73,205    
No. of Farms | farm               111 85    
New Long-term Debt               $ 485,049,000      
Partners' capital account, units issued               288,303      
Term preferred stock, fair value               3,290,000      
LLC ownership, value               $ 587,000      
Number of leases | lease             2        
Number of tenants | tenant               72      
Arizona                      
Real Estate Properties [Line Items]                      
Total Acres | a               6,280 6,280    
No. of Farms | farm               6 6    
New Long-term Debt               $ 22,427,000      
Madera, CA                      
Real Estate Properties [Line Items]                      
Total Acres | a               928      
Total Commitment               $ 500,000      
Van Buren, MI                      
Real Estate Properties [Line Items]                      
Total Acres | a               119      
Total Commitment               $ 150,000      
Ventura, CA                      
Real Estate Properties [Line Items]                      
Total Acres | a               413      
2019 Acquisitions                      
Real Estate Properties [Line Items]                      
Total Acres | a               13,330      
No. of Farms | farm               26      
Total Purchase Price               $ 252,722,000      
Acquisitions Costs               1,376,000      
Annualized Straight-line Rent               16,682,000      
New Long-term Debt               $ 154,683,000      
2019 Acquisitions | Somerset Road | Lincoln, NE                      
Real Estate Properties [Line Items]                      
Total Acres | a               695      
No. of Farms | farm               1      
Lease Term               4 years 11 months 9 days      
Renewal Options | option               1      
Renewal Term               5 years      
Total Purchase Price               $ 2,400,000      
Acquisitions Costs               33,000      
Annualized Straight-line Rent                 $ 126,000    
New Long-term Debt               1,440,000      
Professional fees               $ 76,000      
2019 Acquisitions | Greenhills Boulevard | Madera, CA                      
Real Estate Properties [Line Items]                      
Total Acres | a               928      
No. of Farms | farm               1      
Lease Term               10 years 7 months 22 days      
Renewal Options | option               2      
Renewal Term               5 years      
Total Purchase Price               $ 28,550,000      
Acquisitions Costs               141,000      
Annualized Straight-line Rent                 1,721,000    
New Long-term Debt               $ 17,130,000      
2019 Acquisitions | Van Buren Trail | Van Buren, MI                      
Real Estate Properties [Line Items]                      
Total Acres | a               159      
No. of Farms | farm               2      
Lease Term               10 years 6 months 22 days      
Renewal Options | option               2      
Renewal Term               5 years      
Total Purchase Price               $ 2,682,000      
Acquisitions Costs               26,000      
Annualized Straight-line Rent                 206,000    
New Long-term Debt               $ 1,609,000      
2019 Acquisitions | Blue Star Highway | Allegran and Van Buren, MI                      
Real Estate Properties [Line Items]                      
Total Acres | a               357      
No. of Farms | farm               8      
Lease Term               10 years 6 months 22 days      
Renewal Options | option               2      
Renewal Term               5 years      
Total Purchase Price               $ 5,100,000      
Acquisitions Costs               30,000      
Annualized Straight-line Rent                 390,000    
New Long-term Debt               $ 3,060,000      
2019 Acquisitions | Yolo Country Line Road | Yolo, CA                      
Real Estate Properties [Line Items]                      
Total Acres | a               542      
No. of Farms | farm               1      
Lease Term               14 years 7 months 6 days      
Renewal Options | option               1      
Renewal Term               5 years      
Total Purchase Price               $ 9,190,000      
Acquisitions Costs               68,000      
Annualized Straight-line Rent                 $ 624,000    
New Long-term Debt               $ 5,514,000      
2019 Acquisitions | San Juan Grade Road | Monterey, CA                      
Real Estate Properties [Line Items]                      
Total Acres | a               324      
No. of Farms | farm               1      
Lease Term               4 months 5 days      
Renewal Term           6 years          
Total Purchase Price               $ 9,000,000      
Acquisitions Costs               68,000      
Annualized Straight-line Rent               632,000      
New Long-term Debt               $ 5,400,000      
Number of renewal options           4 years          
2019 Acquisitions | West Citrus Boulevard | Martin, FL                      
Real Estate Properties [Line Items]                      
Total Acres | a               3,586      
No. of Farms | farm               1      
Lease Term               8 years 4 months 10 days      
Renewal Options | option               2      
Renewal Term               10 years      
Total Purchase Price               $ 57,790,000      
Acquisitions Costs               516,000      
Annualized Straight-line Rent               3,696,000      
New Long-term Debt               $ 37,700,000      
Partners' capital account, units issued         $ 288,303            
Term preferred stock, fair value         $ 3,300,000            
2019 Acquisitions | Sutter Avenue | Fresno, CA                      
Real Estate Properties [Line Items]                      
LLC ownership, percent               25.00%      
LLC ownership, value               $ 587,000      
2019 Acquisitions | Las Posas Road | Ventura, CA                      
Real Estate Properties [Line Items]                      
Total Acres | a               413      
No. of Farms | farm               3      
Lease Term               3 years 3 months 3 days      
Renewal Options | option               1      
Renewal Term               2 years      
Total Purchase Price               $ 21,320,000      
Acquisitions Costs               111,000      
Annualized Straight-line Rent               1,283,000      
New Long-term Debt               $ 12,792,000      
Number of leases | lease     2                
Number of tenants | tenant     2                
2019 Acquisitions | Withers Road | Napa, CA                      
Real Estate Properties [Line Items]                      
Total Acres | a               366      
No. of Farms | farm               1      
Lease Term               10 years 4 months 2 days      
Renewal Options | option               2      
Renewal Term               10 years      
Total Purchase Price               $ 32,000,000      
Acquisitions Costs               84,000      
Annualized Straight-line Rent               2,256,000      
New Long-term Debt               $ 19,254,000      
2019 Acquisitions | Highway 17 | Hayes, NE                      
Real Estate Properties [Line Items]                      
Total Acres | a               2,561      
No. of Farms | farm               3      
Lease Term   10 years           2 months 25 days      
Total Purchase Price               $ 9,690,000      
Acquisitions Costs               44,000      
Annualized Straight-line Rent               489,000      
New Long-term Debt               $ 5,739,000      
2019 Acquisitions | Indian Highway | Hayes & Hitchcock, NE                      
Real Estate Properties [Line Items]                      
Total Acres | a               1,289      
No. of Farms | farm               2      
Lease Term   10 years           3 months 25 days      
Total Purchase Price               $ 5,000,000      
Acquisitions Costs               36,000      
Annualized Straight-line Rent               788,000      
New Long-term Debt               $ 3,045,000      
Sale leaseback, fixed rental payment   $ 250,000                  
Lease One | 2019 Acquisitions | Sutter Avenue | Fresno, CA                      
Real Estate Properties [Line Items]                      
Total Acres | a               1,011      
No. of Farms | farm               1      
Lease Term               8 years 2 months 16 days      
Renewal Options | option               2      
Renewal Term               5 years      
Total Purchase Price               $ 33,000,000      
Acquisitions Costs               146,000      
Annualized Straight-line Rent               2,106,000      
New Long-term Debt               $ 16,500,000      
LLC ownership, percent       11.75%              
LLC ownership, value       $ 280,000              
Lease Two | 2019 Acquisitions | Sutter Avenue | Fresno, CA                      
Real Estate Properties [Line Items]                      
Total Acres | a               1,099      
No. of Farms | farm               1      
Lease Term               8 years      
Renewal Options | option               2      
Renewal Term               5 years      
Total Purchase Price               $ 37,000,000      
Acquisitions Costs               73,000      
Annualized Straight-line Rent               2,365,000      
New Long-term Debt               25,500,000      
LLC ownership, percent 13.25%                    
LLC ownership, value $ 307,000                    
Minimum | 2019 Acquisitions | San Juan Grade Road | Monterey, CA                      
Real Estate Properties [Line Items]                      
Annualized Straight-line Rent           $ 606,000,000          
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   $ 370,000                  
Land and Land Improvements | Maximum | 2019 Acquisitions | San Juan Grade Road | Monterey, CA                      
Real Estate Properties [Line Items]                      
Tenant improvement commitments           $ 100,000          
Land and Land Improvements | Maximum | 2019 Acquisitions | Las Posas Road | Ventura, CA                      
Real Estate Properties [Line Items]                      
Total Commitment               $ 1,000,000      
Land and Land Improvements | Maximum | 2019 Acquisitions | Withers Road | Napa, CA                      
Real Estate Properties [Line Items]                      
Tenant improvement commitments                     $ 4,000,000
Forecast | 2019 Acquisitions | Withers Road | Napa, CA                      
Real Estate Properties [Line Items]                      
Total Acres | a                   47,000  
Tenant improvement commitments                   $ 40,000,000