Real Estate and Intangible Assets - Summary Information of Farms (Detail)
|
|
3 Months Ended |
9 Months Ended |
|
Feb. 08, 2016 |
Sep. 30, 2016
USD ($)
a
|
Sep. 30, 2015
USD ($)
a
|
Sep. 30, 2016
USD ($)
a
Farm
Lease
|
Sep. 30, 2015
USD ($)
a
Farm
|
Dec. 31, 2015
USD ($)
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Credits to fees from Adviser |
[1] |
|
$ 0
|
$ 0
|
$ 0
|
$ (320,905)
|
|
No. of Farms | Farm |
|
|
|
|
56
|
41
|
|
Total Acres | a |
|
|
33,800
|
14,880
|
33,800
|
14,880
|
|
Farm Acres | a |
|
|
27,958
|
|
27,958
|
|
|
Net Cost Basis |
|
|
$ 308,737,982
|
|
$ 308,737,982
|
|
|
Encumbrances |
|
|
$ 191,480,127
|
|
$ 191,480,127
|
|
|
Deferred Finance Costs, Net |
|
|
|
|
|
|
$ 0
|
San Andreas [Member] | Watsonville, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Jun. 16, 1997
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
307
|
|
307
|
|
|
Farm Acres | a |
|
|
238
|
|
238
|
|
|
Lease Expiration Date |
|
|
|
|
Dec. 31, 2020
|
|
|
Net Cost Basis |
|
|
$ 4,756,950
|
|
$ 4,756,950
|
|
|
Encumbrances |
|
|
$ 7,702,672
|
|
$ 7,702,672
|
|
|
West Gonzales [Member] | Oxnard, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Sep. 15, 1998
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
653
|
|
653
|
|
|
Farm Acres | a |
|
|
502
|
|
502
|
|
|
Lease Expiration Date |
|
|
|
|
Jun. 30, 2020
|
|
|
Net Cost Basis |
|
|
$ 12,066,248
|
|
$ 12,066,248
|
|
|
Encumbrances |
|
|
$ 30,017,766
|
|
$ 30,017,766
|
|
|
West Beach [Member] | Watsonville, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Jan. 03, 2011
|
|
|
No. of Farms | Farm |
|
|
|
|
3
|
|
|
Total Acres | a |
|
|
196
|
|
196
|
|
|
Farm Acres | a |
|
|
195
|
|
195
|
|
|
Lease Expiration Date |
|
|
|
|
Dec. 31, 2023
|
|
|
Net Cost Basis |
|
|
$ 9,277,502
|
|
$ 9,277,502
|
|
|
Encumbrances |
|
|
$ 6,717,183
|
|
$ 6,717,183
|
|
|
Dalton Lane [Member] | Watsonville, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Jul. 07, 2011
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
72
|
|
72
|
|
|
Farm Acres | a |
|
|
70
|
|
70
|
|
|
Lease Expiration Date |
|
|
|
|
Oct. 31, 2020
|
|
|
Net Cost Basis |
|
|
$ 2,675,171
|
|
$ 2,675,171
|
|
|
Encumbrances |
|
|
$ 1,590,375
|
|
$ 1,590,375
|
|
|
Keysville Road [Member] | Plant City, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Oct. 26, 2011
|
|
|
No. of Farms | Farm |
|
|
|
|
2
|
|
|
Total Acres | a |
|
|
61
|
|
61
|
|
|
Farm Acres | a |
|
|
56
|
|
56
|
|
|
Lease Expiration Date |
|
|
|
|
Jun. 30, 2020
|
|
|
Net Cost Basis |
|
|
$ 1,239,430
|
|
$ 1,239,430
|
|
|
Encumbrances |
|
|
$ 897,600
|
|
$ 897,600
|
|
|
Colding Loop [Member] | Wimauma, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Aug. 09, 2012
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
219
|
|
219
|
|
|
Farm Acres | a |
|
|
181
|
|
181
|
|
|
Lease Expiration Date |
|
|
|
|
Aug. 04, 2017
|
|
|
Net Cost Basis |
|
|
$ 3,865,019
|
|
$ 3,865,019
|
|
|
Encumbrances |
|
|
$ 2,640,000
|
|
$ 2,640,000
|
|
|
Trapnell Road [Member] | Plant City, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Sep. 12, 2012
|
|
|
No. of Farms | Farm |
|
|
|
|
3
|
|
|
Total Acres | a |
|
|
124
|
|
124
|
|
|
Farm Acres | a |
|
|
110
|
|
110
|
|
|
Lease Expiration Date |
|
|
|
|
Jun. 30, 2017
|
|
|
Net Cost Basis |
|
|
$ 3,837,986
|
|
$ 3,837,986
|
|
|
Encumbrances |
|
|
$ 2,389,500
|
|
$ 2,389,500
|
|
|
38th Avenue [Member] | Covert, MI [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Apr. 05, 2013
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
119
|
|
119
|
|
|
Farm Acres | a |
|
|
89
|
|
89
|
|
|
Lease Expiration Date |
|
|
|
|
Apr. 04, 2020
|
|
|
Net Cost Basis |
|
|
$ 1,246,393
|
|
$ 1,246,393
|
|
|
Encumbrances |
|
|
$ 759,506
|
|
$ 759,506
|
|
|
Sequoia Street [Member] | Brooks, OR [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
May 31, 2013
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
218
|
|
218
|
|
|
Farm Acres | a |
|
|
206
|
|
206
|
|
|
Lease Expiration Date |
|
|
|
|
May 31, 2028
|
|
|
Net Cost Basis |
|
|
$ 3,082,764
|
|
$ 3,082,764
|
|
|
Encumbrances |
|
|
$ 1,755,757
|
|
$ 1,755,757
|
|
|
Natividad Road [Member] | Salinas, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Oct. 21, 2013
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
166
|
|
166
|
|
|
Farm Acres | a |
|
|
166
|
|
166
|
|
|
Lease Expiration Date |
|
|
|
|
Oct. 31, 2024
|
|
|
Net Cost Basis |
|
|
$ 8,923,059
|
|
$ 8,923,059
|
|
|
Encumbrances |
|
|
$ 3,964,611
|
|
$ 3,964,611
|
|
|
20th Avenue [Member] | South Haven, MI [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Nov. 05, 2013
|
|
|
No. of Farms | Farm |
|
|
|
|
3
|
|
|
Total Acres | a |
|
|
151
|
|
151
|
|
|
Farm Acres | a |
|
|
94
|
|
94
|
|
|
Lease Expiration Date |
|
|
|
|
Nov. 04, 2018
|
|
|
Net Cost Basis |
|
|
$ 1,832,760
|
|
$ 1,832,760
|
|
|
Encumbrances |
|
|
$ 1,132,746
|
|
$ 1,132,746
|
|
|
Broadway Road [Member] | Moorpark, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Dec. 16, 2013
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
60
|
|
60
|
|
|
Farm Acres | a |
|
|
46
|
|
46
|
|
|
Lease Expiration Date |
|
|
|
|
Dec. 15, 2023
|
|
|
Net Cost Basis |
|
|
$ 2,873,371
|
|
$ 2,873,371
|
|
|
Encumbrances |
|
|
$ 1,699,119
|
|
$ 1,699,119
|
|
|
Oregon Trail [Member] | Echo, OR [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Dec. 27, 2013
|
|
|
No. 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 |
|
|
$ 13,993,354
|
|
$ 13,993,354
|
|
|
Encumbrances |
|
|
$ 7,929,221
|
|
$ 7,929,221
|
|
|
East Shelton [Member] | Willcox, AZ [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Dec. 27, 2013
|
|
|
No. 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 |
|
|
$ 7,730,123
|
|
$ 7,730,123
|
|
|
Encumbrances |
|
|
$ 4,717,887
|
|
$ 4,717,887
|
|
|
Collins Road [Member] | Clatskanie, OR [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
May 30, 2014
|
|
|
No. of Farms | Farm |
|
|
|
|
2
|
|
|
Total Acres | a |
|
|
200
|
|
200
|
|
|
Farm Acres | a |
|
|
157
|
|
157
|
|
|
Lease Expiration Date |
|
|
|
|
Sep. 30, 2024
|
|
|
Net Cost Basis |
|
|
$ 2,341,601
|
|
$ 2,341,601
|
|
|
Encumbrances |
|
|
$ 1,529,207
|
|
$ 1,529,207
|
|
|
Spring Valley [Member] | Watsonville, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Jun. 13, 2014
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
145
|
|
145
|
|
|
Farm Acres | a |
|
|
110
|
|
110
|
|
|
Lease Expiration Date |
|
|
|
|
Sep. 30, 2022
|
|
|
Net Cost Basis |
|
|
$ 5,731,872
|
|
$ 5,731,872
|
|
|
Encumbrances |
|
|
$ 3,922,133
|
|
$ 3,922,133
|
|
|
McIntosh Road [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Lease Expiration Date |
|
Jun. 30, 2019
|
|
|
|
|
|
McIntosh Road [Member] | Dover, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Jun. 20, 2014
|
|
|
No. of Farms | Farm |
|
|
|
|
2
|
|
|
Total Acres | a |
|
|
94
|
|
94
|
|
|
Farm Acres | a |
|
|
78
|
|
78
|
|
|
Lease Expiration Date |
|
|
|
|
Jun. 30, 2017
|
|
|
Net Cost Basis |
|
|
$ 2,441,053
|
|
$ 2,441,053
|
|
|
Encumbrances |
|
|
$ 1,439,640
|
|
$ 1,439,640
|
|
|
Number of leases | Lease |
|
|
|
|
2
|
|
|
Naumann Road [Member] | Oxnard, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Jul. 23, 2014
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
68
|
|
68
|
|
|
Farm Acres | a |
|
|
66
|
|
66
|
|
|
Lease Expiration Date |
|
|
|
|
Jul. 31, 2017
|
|
|
Net Cost Basis |
|
|
$ 6,773,068
|
|
$ 6,773,068
|
|
|
Encumbrances |
|
|
$ 3,902,310
|
|
$ 3,902,310
|
|
|
Sycamore Road [Member] | Arvin, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Jul. 25, 2014
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
326
|
|
326
|
|
|
Farm Acres | a |
|
|
322
|
|
322
|
|
|
Lease Expiration Date |
|
|
|
|
Oct. 31, 2024
|
|
|
Net Cost Basis |
|
|
$ 6,829,362
|
|
$ 6,829,362
|
|
|
Encumbrances |
|
|
$ 4,379,762
|
|
$ 4,379,762
|
|
|
Wauchula Road [Member] | Duette, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Sep. 29, 2014
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
808
|
|
808
|
|
|
Farm Acres | a |
|
|
590
|
|
590
|
|
|
Lease Expiration Date |
|
|
|
|
Sep. 30, 2024
|
|
|
Net Cost Basis |
|
|
$ 13,450,170
|
|
$ 13,450,170
|
|
|
Encumbrances |
|
|
$ 7,433,100
|
|
$ 7,433,100
|
|
|
Santa Clara Avenue [Member] | Oxnard, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Oct. 29, 2014
|
|
|
No. of Farms | Farm |
|
|
|
|
2
|
|
|
Total Acres | a |
|
|
333
|
|
333
|
|
|
Farm Acres | a |
|
|
331
|
|
331
|
|
|
Lease Expiration Date |
|
|
|
|
Jul. 31, 2017
|
|
|
Net Cost Basis |
|
|
$ 24,135,194
|
|
$ 24,135,194
|
|
|
Encumbrances |
|
|
$ 14,159,324
|
|
$ 14,159,324
|
|
|
Dufau Road [Member] | Oxnard, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Nov. 04, 2014
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
65
|
|
65
|
|
|
Farm Acres | a |
|
|
64
|
|
64
|
|
|
Lease Expiration Date |
|
|
|
|
Nov. 03, 2017
|
|
|
Net Cost Basis |
|
|
$ 6,016,522
|
|
$ 6,016,522
|
|
|
Encumbrances |
|
|
$ 3,675,000
|
|
$ 3,675,000
|
|
|
Espinosa Road [Member] | Salinas, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Jan. 05, 2015
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
331
|
|
331
|
|
|
Farm Acres | a |
|
|
329
|
|
329
|
|
|
Lease Expiration Date |
|
|
|
|
Oct. 31, 2020
|
|
|
Net Cost Basis |
|
|
$ 16,111,013
|
|
$ 16,111,013
|
|
|
Encumbrances |
|
|
$ 10,178,000
|
|
$ 10,178,000
|
|
|
Parrish Road [Member] | Duette, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Mar. 10, 2015
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
419
|
|
419
|
|
|
Farm Acres | a |
|
|
412
|
|
412
|
|
|
Lease Expiration Date |
|
|
|
|
Jun. 30, 2025
|
|
|
Net Cost Basis |
|
|
$ 4,141,521
|
|
$ 4,141,521
|
|
|
Encumbrances |
|
|
$ 2,374,680
|
|
$ 2,374,680
|
|
|
Immokalee Exchange [Member] | Immokalee, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Jun. 25, 2015
|
|
|
No. 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 |
|
|
$ 15,467,267
|
|
$ 15,467,267
|
|
|
Encumbrances |
|
|
$ 9,360,000
|
|
$ 9,360,000
|
|
|
Holt County [Member] | Stuart, NE [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Aug. 20, 2015
|
|
|
No. 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 |
|
|
$ 5,423,218
|
|
$ 5,423,218
|
|
|
Encumbrances |
|
|
$ 3,301,000
|
|
$ 3,301,000
|
|
|
Rock County [Member] | Bassett, NE [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Aug. 20, 2015
|
|
|
No. 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 |
|
|
$ 5,406,522
|
|
$ 5,406,522
|
|
|
Encumbrances |
|
|
$ 3,301,000
|
|
$ 3,301,000
|
|
|
Bear Mountain [Member] | Arvin, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Sep. 03, 2015
|
|
|
No. of Farms | Farm |
|
|
|
|
3
|
|
|
Total Acres | a |
|
|
854
|
|
854
|
|
|
Farm Acres | a |
|
|
841
|
|
841
|
|
|
Lease Expiration Date |
|
|
|
|
Jan. 09, 2031
|
|
|
Net Cost Basis |
|
|
$ 26,828,964
|
|
$ 26,828,964
|
|
|
Encumbrances |
|
|
$ 12,559,887
|
|
$ 12,559,887
|
|
|
Corbitt Road [Member] | Immokalee, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Nov. 02, 2015
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
691
|
|
691
|
|
|
Farm Acres | a |
|
|
390
|
|
390
|
|
|
Lease Expiration Date |
|
|
|
|
Dec. 31, 2021
|
|
|
Net Cost Basis |
|
|
$ 3,755,637
|
|
$ 3,755,637
|
|
|
Encumbrances |
|
|
$ 3,714,880
|
|
$ 3,714,880
|
|
|
Reagan Road [Member] | Willcox, AZ [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Dec. 22, 2015
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
1,239
|
|
1,239
|
|
|
Farm Acres | a |
|
|
875
|
|
875
|
|
|
Lease Expiration Date |
|
|
|
|
Dec. 31, 2025
|
|
|
Net Cost Basis |
|
|
$ 5,750,597
|
|
$ 5,750,597
|
|
|
Encumbrances |
|
|
$ 3,639,000
|
|
$ 3,639,000
|
|
|
Gunbarrel Road [Member] | Alamosa CO [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Mar. 03, 2016
|
|
|
No. of Farms | Farm |
|
|
|
|
3
|
|
|
Total Acres | a |
|
|
6,191
|
|
6,191
|
|
|
Farm Acres | a |
|
|
4,730
|
|
4,730
|
|
|
Lease Expiration Date |
|
|
|
|
Feb. 28, 2021
|
|
|
Net Cost Basis |
|
|
$ 25,015,493
|
|
$ 25,015,493
|
|
|
Encumbrances |
|
|
$ 15,303,500
|
|
$ 15,303,500
|
|
|
Calaveras Avenue [Member] | Coalinga, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Apr. 05, 2016
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
453
|
|
453
|
|
|
Farm Acres | a |
|
|
435
|
|
435
|
|
|
Lease Expiration Date |
|
|
|
|
Oct. 31, 2025
|
|
|
Net Cost Basis |
|
|
$ 15,290,013
|
|
$ 15,290,013
|
|
|
Encumbrances |
|
|
$ 9,282,000
|
|
$ 9,282,000
|
|
|
Orange Avenue [Member] | Fort Pierce, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Jul. 01, 2016
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
401
|
|
401
|
|
|
Farm Acres | a |
|
|
400
|
|
400
|
|
|
Lease Expiration Date |
|
|
|
|
Jun. 30, 2023
|
|
|
Net Cost Basis |
|
|
$ 5,113,269
|
|
$ 5,113,269
|
|
|
Encumbrances |
|
|
$ 3,091,761
|
|
$ 3,091,761
|
|
|
Lithia Road [Member] | Plant City, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Aug. 11, 2016
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
72
|
|
72
|
|
|
Lithia Road [Member] | Lithia, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Aug. 11, 2016
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
72
|
|
72
|
|
|
Farm Acres | a |
|
|
55
|
|
55
|
|
|
Lease Expiration Date |
|
|
|
|
May 31, 2021
|
|
|
Net Cost Basis |
|
|
$ 1,700,469
|
|
$ 1,700,469
|
|
|
Encumbrances |
|
|
$ 1,020,000
|
|
$ 1,020,000
|
|
|
Baca County [Member] | Edler, CO [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Sep. 01, 2016
|
|
|
No. of Farms | Farm |
|
|
|
|
5
|
|
|
Total Acres | a |
|
|
7,384
|
|
7,384
|
|
|
Farm Acres | a |
|
|
6,785
|
|
6,785
|
|
|
Lease Expiration Date |
|
|
|
|
Dec. 31, 2020
|
|
|
Net Cost Basis |
|
|
$ 6,385,779
|
|
$ 6,385,779
|
|
|
Encumbrances |
|
|
$ 0
|
|
$ 0
|
|
|
Diego Ranch [Member] | Stanislaus, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Sep. 14, 2016
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
1,357
|
|
1,357
|
|
|
Farm Acres | a |
|
|
1,309
|
|
1,309
|
|
|
Lease Expiration Date |
|
|
|
|
Nov. 15, 2019
|
|
|
Net Cost Basis |
|
|
$ 13,997,610
|
|
$ 13,997,610
|
|
|
Encumbrances |
|
|
$ 0
|
|
$ 0
|
|
|
Nevada Ranch [Member] | Merced, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Sep. 14, 2016
|
|
|
No. of Farms | Farm |
|
|
|
|
1
|
|
|
Total Acres | a |
|
|
1,130
|
|
1,130
|
|
|
Farm Acres | a |
|
|
1,021
|
|
1,021
|
|
|
Lease Expiration Date |
|
|
|
|
Nov. 15, 2019
|
|
|
Net Cost Basis |
|
|
$ 13,231,638
|
|
$ 13,231,638
|
|
|
Encumbrances |
|
|
$ 0
|
|
$ 0
|
|
|
2015 New Real Estate Activity [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
No. of Farms | Farm |
|
|
|
|
|
9
|
|
Total Acres | a |
|
|
|
6,841
|
|
6,841
|
|
Encumbrances |
|
|
|
$ 49,652,876
|
|
$ 49,652,876
|
|
Total Purchase Price |
|
|
|
|
|
66,506,980
|
|
Acquisition Costs |
|
|
|
$ 518,986
|
|
518,986
|
|
Annualized straight-line cash rent |
|
|
|
|
|
$ 3,685,900
|
|
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] | Espinosa Road [Member] | Salinas, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
|
Jan. 05, 2015
|
|
No. of Farms | Farm |
|
|
|
|
|
1
|
|
Total Acres | a |
|
|
|
331
|
|
331
|
|
Encumbrances |
|
|
|
$ 10,178,000
|
|
$ 10,178,000
|
|
Lease Term |
|
|
|
|
|
1 year 9 months 18 days
|
|
Total Purchase Price |
|
|
|
|
|
$ 16,905,500
|
|
Acquisition Costs |
|
|
|
$ 89,885
|
|
89,885
|
|
Annualized straight-line cash rent |
|
|
|
|
|
$ 778,342
|
|
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] | Parrish Road [Member] | Duette, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
|
Mar. 10, 2015
|
|
No. of Farms | Farm |
|
|
|
|
|
1
|
|
Total Acres | a |
|
|
|
419
|
|
419
|
|
Encumbrances |
|
|
|
$ 2,374,680
|
|
$ 2,374,680
|
|
Lease Term |
|
|
|
|
|
10 years 3 months 18 days
|
|
Total Purchase Price |
|
|
|
|
|
$ 3,913,280
|
|
Acquisition Costs |
|
|
|
$ 103,610
|
|
103,610
|
|
Annualized straight-line cash rent |
|
|
|
|
|
$ 251,832
|
|
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] | Immokalee Exchange [Member] | Immokalee, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
|
Jun. 25, 2015
|
|
No. of Farms | Farm |
|
|
|
|
|
2
|
|
Total Acres | a |
|
|
|
2,678
|
|
2,678
|
|
Encumbrances |
|
|
|
$ 9,360,000
|
|
$ 9,360,000
|
|
Lease Term |
|
|
|
|
|
5 years
|
|
Total Purchase Price |
|
|
|
|
|
$ 15,757,700
|
|
Acquisition Costs |
|
|
|
$ 152,571
|
|
152,571
|
|
Annualized straight-line cash rent |
|
|
|
|
|
$ 960,104
|
|
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] | Holt County [Member] | Stuart, NE [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
|
Aug. 20, 2015
|
|
No. of Farms | Farm |
|
|
|
|
|
1
|
|
Total Acres | a |
|
|
|
1,276
|
|
1,276
|
|
Encumbrances |
|
|
|
$ 3,301,000
|
|
$ 3,301,000
|
|
Lease Term |
|
|
|
|
|
3 years 4 months 24 days
|
|
Total Purchase Price |
|
|
|
|
|
$ 5,504,000
|
|
Acquisition Costs |
|
|
|
$ 27,589
|
|
27,589
|
|
Annualized straight-line cash rent |
|
|
|
|
|
$ 289,815
|
|
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] | Rock County [Member] | Bassett, NE [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
|
Aug. 20, 2015
|
|
No. of Farms | Farm |
|
|
|
|
|
1
|
|
Total Acres | a |
|
|
|
1,283
|
|
1,283
|
|
Encumbrances |
|
|
|
$ 3,301,000
|
|
$ 3,301,000
|
|
Lease Term |
|
|
|
|
|
3 years 4 months 24 days
|
|
Total Purchase Price |
|
|
|
|
|
$ 5,504,000
|
|
Acquisition Costs |
|
|
|
$ 27,589
|
|
27,589
|
|
Annualized straight-line cash rent |
|
|
|
|
|
$ 289,815
|
|
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] | Bear Mountain [Member] | Arvin, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
|
Sep. 03, 2015
|
|
No. of Farms | Farm |
|
|
|
|
|
3
|
|
Total Acres | a |
|
|
|
854
|
|
854
|
|
Encumbrances |
|
|
|
$ 21,138,196
|
|
$ 21,138,196
|
|
Lease Term |
|
|
|
|
|
15 years 4 months 24 days
|
|
Total Purchase Price |
|
|
|
|
|
$ 18,922,500
|
|
Acquisition Costs |
|
|
|
$ 117,742
|
|
117,742
|
|
Annualized straight-line cash rent |
|
|
|
|
|
$ 1,115,992
|
|
2016 New Real Estate Activity [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
No. of Farms | Farm |
|
|
|
|
13
|
|
|
Total Acres | a |
|
|
16,988
|
|
16,988
|
|
|
Encumbrances |
|
|
$ 28,953,000
|
|
$ 28,953,000
|
|
|
Total Purchase Price |
|
|
|
|
81,557,106
|
|
|
Acquisition Costs |
|
|
409,784
|
|
409,784
|
|
|
Annualized straight-line cash rent |
|
|
|
|
$ 4,331,713
|
|
|
2016 New Real Estate Activity [Member] | Gunbarrel Road [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Mar. 03, 2016
|
|
|
2016 New Real Estate Activity [Member] | Gunbarrel Road [Member] | Alamosa CO [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Encumbrances |
|
|
15,531,000
|
|
$ 15,531,000
|
|
|
Lease Term |
|
|
|
|
5 years
|
|
|
Total Purchase Price |
|
|
|
|
$ 25,735,815
|
|
|
Acquisition Costs |
|
|
119,085
|
|
119,085
|
|
|
Annualized straight-line cash rent |
|
|
|
|
$ 1,590,614
|
|
|
2016 New Real Estate Activity [Member] | Calaveras Avenue [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Apr. 05, 2016
|
|
|
2016 New Real Estate Activity [Member] | Calaveras Avenue [Member] | Coalinga, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Lease Term |
|
|
|
|
10 years
|
|
|
Total Purchase Price |
|
|
|
|
$ 15,470,000
|
|
|
Acquisition Costs |
|
|
38,501
|
|
38,501
|
|
|
Annualized straight-line cash rent |
|
|
|
|
$ 773,500
|
|
|
2016 New Real Estate Activity [Member] | Orange Avenue [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Jul. 01, 2016
|
|
|
2016 New Real Estate Activity [Member] | Orange Avenue [Member] | Fort Pierce, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Encumbrances |
|
|
3,120,000
|
|
$ 3,120,000
|
|
|
Lease Term |
|
|
|
|
7 years
|
|
|
Total Purchase Price |
|
|
|
|
$ 5,100,000
|
|
|
Acquisition Costs |
|
|
37,615
|
|
37,615
|
|
|
Annualized straight-line cash rent |
|
|
|
|
$ 291,173
|
|
|
2016 New Real Estate Activity [Member] | Lithia Road [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Aug. 11, 2016
|
|
|
2016 New Real Estate Activity [Member] | Lithia Road [Member] | Plant City, FL [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Encumbrances |
|
|
1,020,000
|
|
$ 1,020,000
|
|
|
Lease Term |
|
|
|
|
5 years
|
|
|
Total Purchase Price |
|
|
|
|
$ 1,700,000
|
|
|
Acquisition Costs |
|
|
38,296
|
|
38,296
|
|
|
Annualized straight-line cash rent |
|
|
|
|
$ 97,303
|
|
|
2016 New Real Estate Activity [Member] | Baca County [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Sep. 01, 2016
|
|
|
2016 New Real Estate Activity [Member] | Baca County [Member] | Edler, CO [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Encumbrances |
|
|
0
|
|
$ 0
|
|
|
Lease Term |
|
|
|
|
4 years
|
|
|
Total Purchase Price |
|
|
|
|
$ 6,322,853
|
|
|
Acquisition Costs |
|
|
72,340
|
|
72,340
|
|
|
Annualized straight-line cash rent |
|
|
|
|
$ 383,734
|
|
|
2016 New Real Estate Activity [Member] | Diego Ranch [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Sep. 14, 2016
|
|
|
2016 New Real Estate Activity [Member] | Diego Ranch [Member] | Stanislaus, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Encumbrances |
|
|
0
|
|
$ 0
|
|
|
Lease Term |
|
|
|
|
3 years
|
|
|
Total Purchase Price |
|
|
|
|
$ 13,996,606
|
|
|
Acquisition Costs |
|
|
63,114
|
|
63,114
|
|
|
Annualized straight-line cash rent |
|
|
|
|
$ 621,115
|
|
|
2016 New Real Estate Activity [Member] | Nevada Ranch [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Acquisition Date |
|
|
|
|
Sep. 14, 2016
|
|
|
2016 New Real Estate Activity [Member] | Nevada Ranch [Member] | Merced, CA [Member] |
|
|
|
|
|
|
|
Real Estate Properties [Line Items] |
|
|
|
|
|
|
|
Encumbrances |
|
|
0
|
|
$ 0
|
|
|
Lease Term |
|
|
|
|
3 years
|
|
|
Total Purchase Price |
|
|
|
|
$ 13,231,832
|
|
|
Acquisition Costs |
|
|
$ 40,833
|
|
40,833
|
|
|
Annualized straight-line cash rent |
|
|
|
|
$ 574,274
|
|
|
|
|