7Baggers

Farmland Partners Inc
(NYSE:FPI) 

FPI stock logo

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns approximately 155,000 acres in 16 states, including Alabama...

Founded: 2013
Full Time Employees: 12
Sector: Real Estate
Industry: REIT-Specialty
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Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 
                                                    
      operating revenues:
    		                                                
      rental income
    		6,297,000 16,944,000 5,991,000 6,024,000 6,970,000 17,620,000 9,753,000 9,539,000 10,207,000 20,675,000 9,432,000 9,389,000 9,688,000 17,792,000 9,081,000 9,196,000 9,547,000 17,851,000 8,850,000 8,291,000 10,259,000 15,777,000 8,701,000 9,141,000 10,073,000 19,639,000 9,111,000 9,698,000 9,672,000 19,971,000 11,216,000 10,057,000 9,941,000 14,575,000 11,107,000 10,471,000 6,803,000 13,206,000 6,164,000 5,881,000 4,417,000 4,682,147 4,047,223 2,788,165 2,030,146 1,444,276 1,189,366 700,965 
      crop sales
    		264,000 446,000 2,789,000 1,439,000 847,000 816,000 2,616,000 935,000 660,000 568,000 814,000 515,000 360,000 1,056,000 2,471,000 1,150,000 695,000 165,000 262,000 237,000 216,000 457,000 748,000 362,000 335,000 190,000 -145,000 484,000 450,000   331,000 79,000                
      other revenue
    		3,541,000 3,325,000 2,471,000 2,497,000 2,435,000 3,038,000 948,000 971,000 1,123,000 2,923,000 666,000 849,000 1,586,000 2,181,000 705,000 1,202,000 2,870,000 1,218,000 132,000 646,000 162,000 702,000 244,000 131,000 381,000 297,000 424,000 300,000 300,000 290,000 349,000 257,000 419,000 -489,000 465,000 337,000 243,000 139,000 670,000 55,000 206,000 55,243 17,926      
      total operating revenues
    		10,102,000 20,715,000 11,251,000 9,960,000 10,252,000 21,474,000 13,317,000 11,445,000 11,990,000 21,592,000 11,617,000 11,584,000 12,672,000 21,823,000 13,140,000 12,357,000 13,890,000 20,046,000 10,105,000 10,013,000 11,575,000 17,918,000 10,604,000 10,517,000 11,650,000 21,880,000 9,848,000 10,948,000 10,889,000 20,893,000 12,549,000 11,419,000 11,207,000 15,564,000 12,046,000 11,460,000 7,150,000 13,332,000 6,946,000 6,031,000 4,692,000 4,599,785 4,169,151 2,883,720 2,103,491 1,484,022 1,262,054 786,398 
      operating expenses
    		                                                
      depreciation, depletion and amortization
    		910,000 927,000 938,000 1,130,000 1,173,000 1,263,000 1,414,000 1,430,000 1,481,000 1,594,000 1,904,000 2,207,000 1,794,000 1,884,000 1,665,000 1,660,000 1,751,000 1,898,000 1,911,000 1,885,000 1,935,000 1,495,500 1,979,000 2,003,000 2,000,000 1,573,500 2,087,000 2,092,000 2,115,000 1,602,500 2,154,000 2,126,000 2,130,000 2,141,000 2,107,000 2,056,000             
      property operating expenses
    		1,216,000 1,142,000 1,413,000 1,606,000 1,480,000 1,744,000 1,956,000 1,870,000 1,798,000 1,951,000 2,099,000 2,428,000 2,182,000 2,062,000 2,115,000 2,058,000 1,955,000 1,699,000 1,993,000 1,708,000 1,931,000 1,710,000 1,961,000 1,818,000 1,861,000 1,726,000 2,050,000 2,188,000 1,932,000 2,535,000 1,502,000 2,109,000 1,697,000 1,498,000 1,400,000 1,196,000 1,803,000 850,000 548,000 541,000 440,000 306,133 337,902 259,127 200,496 74,045 65,069 59,732 
      cost of goods sold
    		282,000 656,000 1,838,000 1,464,000 664,000 1,058,000 1,577,000 761,000 541,000 2,125,000 703,000 980,000 946,000 1,522,000 1,673,000 1,333,000 1,439,000 191,000 417,000 667,000 250,000 744,000 1,332,000 745,000 566,000                        
      provision for credit loss allowance
    		1,819,000                                                
      acquisition and due diligence costs
    		   -3,000 5,000 1,000   27,000  3,000  14,000 25,000 24,000  63,000 50,000 5,000     11,000  5,000  1,000  5,000 34,000  131,000 52,000 180,000 183,000 515,000 703,000 1,712,000 48,000 57,000 80,510 111,908 56,646 10,914 89,771 42,602 60,923 
      general and administrative expenses
    		1,926,000 4,445,000 2,245,000 2,413,000 2,621,000 5,073,000 2,634,000 3,737,000 2,627,000 3,113,000 2,651,000 2,904,000 2,606,000 3,392,000 2,505,000 3,004,000 3,103,000 2,950,000 1,746,000 1,897,000 1,617,000 1,648,000 1,395,000 1,402,000 1,451,000 1,865,000 1,444,000 1,419,000 1,374,000 2,125,000 1,688,000 1,701,000 1,964,000 1,418,000 1,707,000 2,052,000 2,081,000 2,253,000 1,587,000 1,657,000 1,526,000 1,216,497 1,111,586 989,011 875,031 809,163 645,962 747,006 
      legal and accounting
    		367,000 1,019,000 808,000 657,000 444,000 412,000 502,000 407,000 333,000 355,000 398,000 281,000 244,000 395,000 407,000 816,000 1,256,000 1,906,000 2,599,000 2,901,000 2,742,000 2,125,000 287,000 848,000 482,000 1,534,000 421,000 1,293,000 723,000 566,000 1,016,000 284,000 463,000 302,000 450,000 302,000 399,000 565,000 330,000 186,000 367,000 443,708 216,090 162,367 268,175 372,147 87,192  
      other operating expenses
    		 20,000 2,000 5,000 12,000 56,000 11,000  36,000 63,000 4,000 27,000 49,000 65,000 26,000 31,000 3,000 29,000   2,000  1,000 1,000 1,000 -839,000 620,000 1,000 222,000   11,000 1,000 -2,000 88,000 120,000 157,000 197,000 160,000  89,000        
      total operating expenses
    		6,520,000 8,209,000 8,244,000 24,093,000 6,399,000 10,397,000 8,094,000 8,205,000 6,843,000 11,201,000 11,602,000 8,827,000 7,835,000 9,345,000 8,415,000 8,902,000 9,570,000 8,723,000 8,671,000 9,058,000 8,477,000 8,217,000 6,955,000 6,828,000 6,361,000 7,244,000 6,622,000 6,994,000 6,366,000 7,365,000 6,394,000 6,231,000 6,386,000 5,409,000 5,932,000 5,909,000 6,442,000 5,020,000 4,756,000 2,797,000 2,796,000 2,326,776 2,014,727 1,670,361 1,527,546 1,464,230 941,033 1,039,530 
      other expense:
    		                                                
      other
    		-26,000 -122,000 -115,000  -133,000    -120,000     -283,000 -366,000                                  
      loss from equity method investment
    		-21,000    1,000 -25,750 -8,000 -18,000 -77,000 4,250 -5,000 -5,000 27,000     -3,750 -15,000                              
      loss on disposition of assets
    		255,000 -6,115,000 531,000 -24,228,000 -763,000   10,000 86,000 -5,794,750 -10,293,000   -987,000 48,000   -838,750 112,000  -3,392,000 -810,000 -1,348,000 -917,000 86,000 50,000 18,000 -7,491,000 -418,000 204,000 -2,950,000 -143,000 8,000 152,000 -44,000 92,000             
      interest expense
    		2,721,000 2,281,000 2,271,000 2,437,000 2,638,000 3,073,000 5,496,000 5,249,000 5,036,000 5,659,000 6,230,000 5,844,000 4,924,000 4,682,000 3,891,000 3,743,000 3,827,000 3,955,000 4,014,000 3,902,000 4,056,000 4,136,000 4,411,000 4,467,000 4,663,000 4,783,000 4,818,000 5,031,000 4,956,000 4,966,000 5,001,000 4,440,000 4,391,000 3,709,000 3,683,000 3,454,000 2,715,000 2,090,000 2,065,000 1,950,000 3,854,000 1,384,340 1,390,880 1,068,691 772,523 462,836 286,216 288,536 
      total other expense
    		2,929,000 -4,412,500 2,524,000 -21,917,000 1,743,000 3,096,750 3,374,000 5,293,000 3,720,000 -7,375,000 -4,109,000 -5,146,000 3,114,000 5,670,000 3,573,000 366,000 3,181,000 -1,991,000 4,103,000 3,820,000 621,000 3,324,000 3,088,000 3,517,000 4,870,000 4,856,000 4,689,000 -2,571,000 4,514,000 5,130,000 1,998,000 4,207,000 4,318,000 3,627,000 3,504,000 3,530,000 2,709,000 1,886,000 1,993,000 1,917,000 3,826,000 1,384,340 1,292,514 1,068,691 772,523 318,816 286,216 288,536 
      net income before income tax expense
    		653,000 2,594,250 483,000 7,784,000 2,110,000 305,750 1,849,000 -2,053,000 1,427,000 17,766,000 4,124,000 7,903,000 1,723,000 6,808,000 1,152,000 3,089,000 1,139,000 13,314,000 -2,669,000 -2,865,000 2,477,000 6,377,000 561,000 172,000 419,000 9,780,000 -1,463,000 6,525,000 9,000 8,398,000 4,157,000 981,000 503,000 6,528,000 2,610,000   6,426,000 197,000   888,669 861,910      
      income tax expense
    		7,000 250 -8,000 -8,000 17,000 7,250 11,000 -1,000 19,000 12,000 -191,000 4,000 9,000 98,000 33,000 96,000                      -86,000 97,000   1,100 4,400      
      net income
    		646,000 21,796,000 491,000 7,792,000 2,093,000 60,256,000 1,838,000 -2,052,000 1,408,000 17,754,000 4,315,000 7,899,000 1,714,000 6,710,000 1,119,000 2,993,000 1,139,000 13,314,000 -2,669,000 -2,865,000 2,477,000 6,377,000 561,000 172,000 419,000 9,780,000 -1,463,000 6,525,000 9,000 8,398,000 4,157,000 981,000 503,000 6,528,000 2,610,000 2,021,000 -2,001,000 6,512,000 100,000 1,317,000 -1,930,000 883,118 857,510 144,668 -196,578  34,805  
      yoy
    		-69.14% -63.83% -73.29% -479.73% 48.65% 239.39% -57.40% -125.98% -17.85% 164.59% 285.61% 163.92% 50.48% -49.60% -141.93% -204.47% -54.02% 108.78% -575.76% -1765.70% 491.17% -34.80% -138.35% -97.36% 4555.56% 16.46% -135.19% 565.14% -98.21% 28.65% 59.27% -51.46% -125.14% 0.25% 2510.00% 53.45% 3.68% 637.39% -88.34% 810.36% 881.80%  2363.76%      
      qoq
    		-97.04% 4339.10% -93.70% 272.29% -96.53% 3178.35% -189.57% -245.74% -92.07% 311.45% -45.37% 360.85% -74.46% 499.64% -62.61% 162.77% -91.45% -598.84% -6.84% -215.66% -61.16% 1036.72% 226.16% -58.95% -95.72% -768.49% -122.42% 72400.00% -99.89% 102.02% 323.75% 95.03% -92.29% 150.11% 29.14% -201.00% -130.73% 6412.00% -92.41% -168.24% -318.54% 2.99% 492.74% -173.59%     
      net (income) attributable to non-controlling interests in operating partnership
    		-6,000 -375,000 -8,000  -54,000 -1,510,000 -45,000  -35,000 -437,000 -105,000 -188,000 -38,000                                    
      net income attributable to the company
    		640,000 21,421,000 483,000 7,602,000 2,039,000 58,746,000 1,793,000 -2,002,000 1,373,000 17,317,000 4,210,000 7,711,000 1,676,000 6,559,000 1,094,000 2,916,000 1,106,000 12,919,000 -2,554,000 -2,735,000 2,360,000 6,036,000 527,000 162,000 394,000 9,191,000 -1,364,000 6,052,000 8,000 7,313,000 3,639,000 860,000 441,000 5,637,000 2,216,000 1,687,000  4,714,000 70,000 872,000  652,711 623,867 107,077  -237,560 27,651 -358,283 
      dividend equivalent rights allocated to performance-based unvested restricted shares
    		-8,000 -17,000 -4,000 -4,000 -4,000 -47,000 -2,000 -2,000 -2,000                                        
      nonforfeitable distributions allocated to time-based unvested restricted shares
    		-22,000 -78,000 -19,000 -19,000 -20,000 -396,000 -20,000 -22,000 -22,000                                        
      distributions on series a preferred units
    		-204,000 -509,000 -588,000 -743,000 -743,000 -741,000 -743,000 -743,000 -743,000 -742,000 -743,000 -683,000 -803,000                                    
      net income available to common stockholders of farmland partners inc.
    		406,000 20,817,000 -128,000 6,836,000 1,272,000 57,562,000 1,028,000 -2,769,000 606,000 16,482,000 3,446,000 7,001,000 857,000 5,741,000 350,000 2,060,000 213,000             4,161,000 484,000 -2,323,000  2,460,000 221,000 772,000  3,832,000 -841,000 -38,000  521,550 492,465   -262,416 5,151  
      basic and diluted per common share data:
    		                                                
      basic net income available to common stockholders
    		10 470  150 30 1,210 20 -60 10 330 70 140 20 110 10 40              130 20 -70  80 10 20  300 -60  -150 0.05 0.04   -0.03   
      diluted net income available to common stockholders
    		10 430  140 30 1,080 20 -60 10 310 70 120 20 110 10 40              130 20 -70  80 10 20  300 -60  -150 0.05 0.04   -0.03   
      basic weighted-average common shares outstanding
    		43,197,000 44,196,000 43,187,000 45,248,000 45,590,000 47,546,000 47,839,000 47,798,000 47,704,000 50,243,000 48,432,000 50,860,000 54,007,000 50,953,000 53,495,000 50,362,000 45,781,000 34,641,000 32,551,000 31,072,000 30,418,000 29,376,000 29,206,000 29,433,000 29,545,000 30,169,000 29,497,000 30,637,000 30,791,000 32,162,000 32,222,000 32,542,000 33,014,000 31,210,000 32,862,000 32,457,000 26,699,000 13,204,000 13,683,000 12,452,000 11,834,000 9,618,714 11,154,127    6,305,253  
      diluted weighted-average common shares outstanding
    		43,197,000 51,255,000 43,187,000 53,984,000 45,590,000 55,987,000 47,839,000 47,798,000 47,704,000 58,292,000 48,432,000 59,112,000 54,007,000 50,953,000 53,495,000 50,362,000 45,781,000 34,641,000 32,551,000 31,072,000 30,418,000 29,376,000 29,206,000 29,433,000 29,545,000 30,169,000 29,497,000 48,370,000 30,791,000 32,162,000 32,222,000 32,542,000 33,014,000 31,210,000 32,862,000 32,457,000 26,699,000 13,204,000 13,683,000 12,452,000 11,834,000 9,628,651 11,158,280    6,309,584  
      dividends declared per common share - regular and special
    		90                                                
      impairment of assets
    		  1,000,000 16,821,000      2,000,000 3,840,000                                      
      (income) from equity method investment
    		 -29,000 -163,000 -3,000          -36,000                                   
      (income) from forfeited deposits
    		        -1,205,000                                        
      dividends declared per common share
    		 45 60 60 60 45 60 60 60 60 60 60 60 60 60 60 50 50 50 50 50 37.5 50 50 50 25 50 50 50 76.25 50 127.5 127.5 95.625 127.5 127.5 127.5 95 130          
      other expense
    		   -123,000  -50,500 -134,000 52,000  5,750 -41,000 75,000 -11,000    21,000 -7,000 -8,000 -8,000 -43,000                            
      net loss attributable to non-controlling interests in operating partnership
    		   -190,000    50,000      -33,750 -25,000 -77,000  31,750 115,000 130,000 -117,000 -17,500 -34,000 -10,000 -25,000 -93,750 99,000 -473,000  -175,250 -518,000 -121,000 -62,000 -88,250 -394,000 -334,000 375,000 9,250 -30,000 -408,000 475,000 -44,495 -184,215 -33,902     
      (gain) on disposition of assets
    		     -52,264,000 -1,980,000     -11,060,000 -1,826,000       -74,000                             
      tenant reimbursements
    		         643,500 705,000 831,000 1,038,000 794,000 883,000 809,000 778,000 812,000 861,000 839,000 938,000 982,000 911,000 883,000 861,000 1,754,000 458,000 466,000 467,000 632,000 984,000 774,000 768,000 679,000 474,000 652,000 104,000 -13,000 112,000 95,000 69,000 -137,605 104,002 95,555 73,345 58,754 61,283 77,830 
      operating income
    		         1,902,000 15,000 2,757,000 4,837,000 12,478,000 4,725,000 3,455,000 4,320,000 11,323,000 1,434,000 955,000 3,098,000 9,701,000 3,649,000 3,689,000 5,289,000 14,636,000 3,226,000 3,954,000 4,523,000 13,528,000 6,155,000 5,188,000 4,821,000 10,155,000 6,114,000 5,551,000 708,000 8,312,000 2,190,000 3,234,000 1,896,000 2,273,009 2,154,424 1,213,359 575,945 19,792 321,021  
      yoy
    		         -84.76% -99.68% -20.20% 11.97% 10.20% 229.50% 261.78% 39.44% 16.72% -60.70% -74.11% -41.43% -33.72% 13.11% -6.70% 16.94% 8.19% -47.59% -23.79% -6.18% 33.22% 0.67% -6.54% 580.93% 22.17% 179.18% 71.65% -62.66% 265.68% 1.65% 166.53% 229.20% 11384.48% 571.12%      
      qoq
    		         12580.00% -99.46% -43.00% -61.24% 164.08% 36.76% -20.02% -61.85% 689.61% 50.16% -69.17% -68.07% 165.85% -1.08% -30.25% -63.86% 353.69% -18.41% -12.58% -66.57% 119.79% 18.64% 7.61% -52.53% 66.09% 10.14% 684.04% -91.48% 279.54% -32.28% 70.57% -16.59% 5.50% 77.56% 110.67% 2809.99% -93.83%   
      nonforfeitable distributions allocated to unvested restricted shares
    		         -93,000 -21,000 -27,000 -16,000 -16,000 -16,000 -16,000 -15,000 -15,000 -14,000 -14,000 -14,000 -16,000 -16,000 -16,000 -16,000 -17,000 -18,000 -21,000 -21,000 -12,000 -15,000 -41,000 -42,000 -35,000 -36,000 -37,000 -43,000 -24,000 -24,000 -23,000 -30,000        
      distributions on series a preferred units and series b preferred stock
    		             -802,000 -728,000 -840,000 -878,000 -877,000 -3,055,000 -3,055,000 -3,064,000 -2,317,250 -3,064,000 -3,088,000 -3,115,000 -2,342,000 -3,117,000                      
      other income
    		               -34,000      -2,000 25,000 -33,000 121,000 23,000 -147,000 -111,000 -24,000 -40,000 -53,000 -90,000 -81,000 -234,000 -135,000 -16,000  -204,000 -72,000 -33,000 -28,000  -98,366   4,752 11,405 7,603 
      income from equity method investment
    		               -8,000 -7,000                                
      gain on disposition of assets
    		               -3,335,000 -660,000                                
      net income attributable to non-controlling interests in operating partnership
    		                -33,000                                
      basic net loss available to common stockholders
    		                                    -100            
      diluted net loss available to common stockholders
    		                                    -100            
      net (loss) available to common stockholders of farmland partners inc.
    		                 -3,036,250 -5,623,000                              
      basic net (loss) available to common stockholders
    		                 -97.5 -170 -190 -20 -70 -90 -100 -90 -40 -150 90 -100    -80                
      diluted net (loss) available to common stockholders
    		                 -97.5 -170 -190 -20 -70 -90 -100 -90 -40 -150 80 -100    -80                
      net loss available to common stockholders of farmland partners inc.
    		                   -5,804,000 -718,000 -2,058,500 -2,553,000 -2,942,000 -2,737,000 -1,183,250 -4,499,000 2,906,000 -3,140,000    -2,744,000    -2,547,000    -1,780,000   -23,949 -181,297   -380,783 
      distributions on redeemable non-controlling interests in operating partnership, preferred units
    		                           -3,125,000 -3,127,000    -3,143,000   -878,000 -878,000 -858,000 -887,000 -887,000 -283,000        
      distributions on redeemable non-controlling interests in operating partnership, series a preferred units and dividends on series b participating preferred stock
    		                             -2,355,750 -3,140,000 -3,142,000  -3,142,000 -1,959,000              
      net loss attributable to redeemable non-controlling interests in operating partnership
    		                                     16,000  -37,000 101,000        
      distributions on redeemable non-controlling interests in operating partnership, common units
    		                                        -113,000        
      depreciation, depletion, and other amortization
    		                                    1,487,000            
      net loss before income tax expense
    		                                    -2,001,000            
      net loss attributable to the company
    		                                    -1,626,000    -1,354,000    -156,441    
      depreciation and depletion
    		                                     452,000 419,000 365,000 317,000 279,928 237,241 203,210 172,930 119,104 100,208 69,369 
      net income attributable to redeemable non-controlling interests in operating partnership
    		                                         -13,279.25 -49,428 -3,689     
      nonforfeitable dividends allocated to unvested restricted shares
    		                                         -15,483.75 -18,727 -18,351 -24,856    
      dividends on redeemable non-controlling interests in operating partnership
    		                                         -56,337.5 -112,675 -112,675     
      basic and diluted net loss available to common stockholders
    		                                            -0.02    
      basic and diluted weighted-average common shares outstanding
    		                                           7,892,700 7,530,188 4,264,906  3,132,044 
      net loss attributable to non-controlling interests - operating partnership
    		                                            40,137 61,464  183,385 
      distributions declared per common share
    		                                             0.053 0.105 0.105 
      legal and professional
    		                                               102,500 
      net loss available to common stockholders
    		                                               -0.12 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-09-30 2017-06-30 2017-03-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 
                                                    
        assets
      		                                              
        land, at cost
      		555,461,000 565,002,000 590,037,000 594,507,000 644,148,000 645,592,000 886,003,000 885,993,000 885,993,000 869,848,000 913,056,000 954,522,000 975,450,000 980,521,000 969,360,000 960,593,000 949,738,000 945,951,000 931,803,000 930,665,000 903,728,000 924,952,000 930,653,000 934,260,000 937,847,000 937,813,000 934,799,000 935,486,000 953,499,000 957,516,000 953,502,000 974,264,000 975,107,000 835,986,000 834,953,000 822,189,000 546,794,000 534,389,000 524,285,000 290,827,559 281,315,286 269,122,635 162,930,752 152,294,899 67,994,854 64,510,801 
        grain facilities
      		7,242,000 7,476,000 7,476,000 7,476,000 7,701,000 7,714,000 12,459,000 12,459,000 12,459,000 12,222,000 11,150,000 11,180,000 11,349,000 11,349,000 10,918,000 10,918,000 10,833,000 10,754,000 11,282,000 11,283,000 11,283,000 12,091,000 12,091,000 12,091,000 12,090,000 12,091,000 12,103,000 12,103,000 12,184,000 12,184,000 11,093,000 11,533,000 11,500,000 10,732,000 8,489,000 8,518,000 6,244,000 5,447,000 5,447,000 4,830,059 4,259,511 2,650,607 2,650,607 2,650,607 2,563,415 2,563,415 
        groundwater
      		8,858,000 8,858,000 8,858,000 8,858,000 11,033,000 11,033,000 11,033,000 11,033,000 11,472,000 11,472,000 13,044,000 17,550,000 17,682,000 17,682,000 12,602,000 12,602,000 12,602,000 10,214,000 10,214,000 10,214,000 10,214,000 10,214,000 10,214,000 10,214,000 11,473,000 11,473,000 11,473,000 11,473,000 11,473,000 11,473,000 11,473,000 11,473,000 12,107,000 12,072,000 12,072,000 12,072,000 11,933,000 8,401,000 7,767,000 6,332,784 6,332,784 6,332,784 5,630,842 5,004,942 1,742,550 1,742,550 
        irrigation improvements
      		22,804,000 22,741,000 22,799,000 23,532,000 28,535,000 28,890,000 41,751,000 41,683,000 41,345,000 41,988,000 44,368,000 49,861,000 50,632,000 50,097,000 53,431,000 53,431,000 52,886,000 52,693,000 52,703,000 52,335,000 52,077,000 53,887,000 53,833,000 53,793,000 54,299,000 53,871,000 53,751,000 53,398,000 54,956,000 53,458,000 52,391,000 52,372,000 52,531,000 50,660,000 46,011,000 45,398,000 15,839,000 15,244,000 13,851,000 11,909,097 11,130,016 9,716,994 5,651,872 5,188,459 1,555,995 1,336,845 
        drainage improvements
      		6,401,000 6,401,000 7,273,000 7,273,000 8,243,000 8,243,000 10,315,000 10,315,000 10,315,000 10,315,000 10,590,000 10,665,000 12,543,000 12,543,000 12,528,000 12,528,000 12,568,000 12,606,000 12,606,000 12,606,000 12,606,000 12,805,000 12,790,000 12,606,000 12,674,000 12,674,000 12,311,000 12,311,000 12,311,000 12,271,000 11,981,000 11,981,000 11,975,000 8,146,000 7,740,000 5,907,000 4,778,000 2,860,000 2,755,000 1,640,999 1,530,998 1,072,831 783,475 783,475 779,975 779,975 
        permanent plantings
      		28,015,000 28,049,000 28,049,000 27,138,000 39,684,000 42,461,000 42,474,000 42,316,000 42,286,000 39,620,000 46,612,000 51,054,000 50,081,000 50,394,000 53,698,000 53,698,000 53,698,000 53,698,000 53,741,000 53,519,000 53,519,000 54,374,000 54,430,000 54,545,000 51,967,000 52,089,000 52,089,000 52,905,000 53,052,000 52,989,000 52,989,000 52,955,000 52,905,000 51,868,000 51,663,000 51,663,000 1,846,000 1,845,000 1,845,000 1,168,493 1,168,493      
        other
      		3,222,000 3,334,000 3,550,000 3,953,000 3,942,000 3,983,000 4,626,000 4,708,000 4,698,000 4,696,000 6,781,000 6,781,000 6,939,000 6,967,000 6,995,000 6,975,000 6,845,000 6,848,000 6,783,000 6,890,000 6,930,000 8,167,000 8,032,000 8,013,000 7,840,000 7,827,000 7,827,000 7,827,000 8,831,000 8,196,000 8,184,000 8,247,000 8,247,000 6,615,000 6,608,000 6,564,000 2,874,000 1,363,000 1,363,000 912,889 932,692 681,074 643,574 570,574 88,000 70,000 
        construction in progress
      		1,216,000 1,190,000 1,281,000 1,359,000 1,499,000 1,484,000 1,818,000 1,559,000 1,795,000 4,453,000 6,234,000 12,821,000 15,200,000 14,810,000 14,125,000 12,804,000 12,445,000 10,647,000 10,153,000 10,228,000 9,893,000 9,284,000 9,275,000 9,360,000 12,474,000 11,911,000 10,835,000 10,217,000 9,756,000 10,262,000 15,380,000 13,189,000 10,017,000 7,843,000 9,357,000 5,241,000 863,000 2,899,000 603,000 286,488 215,914 1,952,503 1,927,096    
        real estate, at cost
      		633,219,000 643,051,000 669,323,000 674,096,000 744,785,000 749,400,000 1,010,479,000 1,010,066,000 1,010,363,000 994,614,000 1,051,835,000 1,114,434,000 1,139,876,000 1,144,363,000 1,133,657,000 1,123,549,000 1,111,615,000 1,103,411,000 1,089,285,000 1,087,740,000 1,060,250,000 1,085,774,000 1,091,318,000 1,094,882,000 1,100,664,000 1,099,749,000 1,095,188,000 1,095,720,000 1,116,062,000 1,118,349,000 1,116,993,000 1,136,014,000 1,134,389,000 983,922,000 976,893,000 957,552,000 591,171,000 572,448,000 557,916,000 317,908,368 306,885,694 291,529,428 180,218,218 166,492,956 74,724,789 71,003,586 
        less accumulated depreciation
      		-27,364,000 -26,783,000 -26,287,000 -25,525,000 -30,690,000 -31,557,000 -35,833,000 -34,553,000 -33,596,000 -33,083,000 -36,299,000 -39,988,000 -39,780,000 -38,447,000 -43,224,000 -41,562,000 -39,956,000 -38,303,000 -37,082,000 -35,230,000 -33,366,000 -32,654,000 -30,722,000 -28,813,000 -27,206,000 -25,277,000 -23,317,000 -21,747,000 -20,232,000 -18,202,000 -16,173,000 -14,217,000 -12,306,000 -8,309,000 -6,419,000 -4,555,000 -2,773,000 -2,353,000 -1,988,000 -1,670,530 -1,390,697 -1,153,609 -950,399 -777,469   
        total real estate
      		605,855,000 616,268,000 643,036,000 648,571,000 714,095,000 717,843,000 974,646,000 975,513,000 976,767,000 961,531,000 1,015,536,000 1,074,446,000 1,100,096,000 1,105,916,000 1,090,433,000 1,081,987,000 1,071,659,000 1,065,108,000 1,052,203,000 1,052,510,000 1,026,884,000 1,053,120,000 1,060,596,000 1,066,069,000 1,073,458,000 1,074,472,000 1,071,871,000 1,073,973,000 1,095,830,000 1,100,147,000 1,100,820,000 1,121,797,000 1,122,083,000 975,613,000 970,474,000 952,997,000 588,398,000 570,095,000 555,928,000 316,237,838 305,494,997 290,375,819 179,267,819 165,715,487 74,066,425 70,445,429 
        cash and cash equivalents
      		17,741,000 9,293,000 13,469,000 51,073,000 21,650,000 78,441,000 8,090,000 5,746,000 6,228,000 5,489,000 6,057,000  12,229,000 7,654,000                                 
        loans and financing receivables
      		77,594,000 80,232,000 64,086,000 64,066,000 58,954,000 55,305,000 22,239,000 31,438,000 31,170,000 31,020,000 19,881,000 21,978,000 21,959,000 21,921,000                                 
        right of use asset
      		125,000 169,000 541,000 641,000 167,000 194,000 242,000 298,000 355,000 399,000 454,000 509,000 563,000 325,000 368,000 387,000 443,000 107,000 142,000 178,000 58,000 93,000 128,000 163,000 198,000 73,000 104,000 135,000 166,000                  
        accounts receivable
      		2,300,000 4,408,000 5,767,000 470,000 2,758,000 3,199,000 9,033,000 1,128,000 1,741,000 7,743,000 5,615,000 1,701,000 3,793,000 7,055,000 6,632,000 2,457,000 3,104,000 4,900,000 7,221,000 3,520,000 3,071,000 4,120,000 6,494,000 3,144,000 5,814,000 5,515,000 5,347,000 4,579,000 7,875,000 6,136,000 5,454,000 3,986,000 5,568,000 3,205,000 3,293,000 2,960,000 2,131,000 1,949,000 1,721,000 703,269 744,240 188,318 113,009 336,919 79,613 17,135 
        derivative asset
      		 141,000 233,000 428,000 230,000 498,000 807,000 1,756,000 1,602,000 1,707,000 2,133,000 2,310,000 1,612,000 2,084,000 2,014,000 698,000 259,000                              
        inventory
      		2,779,000 2,316,000 2,220,000 2,591,000 2,871,000 2,659,000 2,785,000 3,021,000 2,699,000 2,335,000 3,257,000 2,752,000 2,711,000 2,808,000 3,123,000 2,962,000 2,973,000 3,059,000 1,705,000 742,000 1,104,000 1,117,000 1,505,000 2,132,000 1,619,000 1,550,000 1,196,000 708,000 63,000 341,000 295,000 420,000 370,000 92,000 75,000 198,000 378,000 390,000 225,000 248,597 199,364 183,589     
        equity method investments
      		3,863,000 4,245,000 4,215,000 4,053,000 4,050,000 4,101,000 4,079,000 4,071,000 4,053,000 4,136,000 4,118,000 4,163,000 4,158,000 4,185,000 4,149,000 4,148,000 3,435,000 3,427,000 3,424,000                            
        prepaid and other assets
      		1,457,000 1,993,000 416,000 685,000 1,579,000 2,179,000 452,000 765,000 1,697,000 2,447,000 579,000 1,381,000 2,301,000 3,196,000 1,256,000 1,655,000 2,778,000 3,392,000 1,919,000 1,628,000 2,530,000  1,453,000 1,637,000 2,353,000  1,956,000 1,881,000 2,467,000  1,904,000 2,185,000 2,595,000 2,746,000 2,979,000 3,480,000           
        total assets
      		711,714,000 719,065,000 738,548,000 776,671,000 810,465,000 868,560,000 1,027,123,000 1,028,491,000 1,031,074,000 1,022,002,000 1,068,697,000 1,125,375,000 1,154,411,000 1,160,149,000 1,127,876,000 1,125,160,000 1,115,066,000 1,121,525,000 1,096,886,000 1,104,319,000 1,075,209,000 1,090,991,000 1,079,805,000 1,087,322,000 1,102,956,000 1,102,553,000 1,097,048,000 1,111,823,000 1,137,852,000 1,139,509,000 1,145,175,000 1,168,090,000 1,162,597,000 1,119,716,000 1,013,019,000 971,267,000 612,465,000 610,004,000 597,838,000 344,954,285 352,090,391 312,986,286 199,479,836 201,023,207 139,384,285 76,947,077 
        liabilities and equity
      		                                              
        liabilities
      		                                              
        mortgage notes and bonds payable
      		231,787,000 160,842,000 169,845,000 192,747,000 201,803,000 203,683,000 392,244,000 391,059,000 380,890,000 360,859,000 420,464,000 471,042,000 441,047,000 436,875,000 408,372,000 424,474,000 462,836,000 511,323,000 499,533,000 500,705,000 486,704,000 506,625,000 508,432,000 510,701,000 511,283,000 511,403,000 511,393,000 512,469,000 521,573,000 523,641,000 523,625,000 533,799,000 513,974,000    302,393,000 297,289,000 289,604,000 187,074,041 190,060,807 183,453,059 107,776,000 113,878,300 51,454,000  
        lease liability
      		125,000 169,000 541,000 641,000 167,000 194,000 242,000 298,000 355,000 399,000 454,000 509,000 563,000 325,000 368,000 387,000 443,000 107,000 142,000 178,000 58,000 93,000 128,000 163,000 198,000 73,000 104,000 135,000 166,000                  
        dividends payable
      		4,044,000 11,483,000 2,697,000 2,763,000 2,890,000 57,253,000 2,970,000 2,967,000 2,964,000 13,286,000 2,972,000 3,011,000 3,259,000 3,333,000 3,333,000 3,239,000 2,496,000 2,342,000 1,715,000 1,715,000 1,616,000 1,612,000 1,550,000 1,583,000 1,593,000 1,593,000 1,599,000 1,613,000 1,712,000 1,681,000 1,806,000 4,767,000 4,767,000   4,991,000 2,515,000 2,498,000 2,404,000 2,059,886 2,060,127 1,631,622 1,129,879 1,122,504 1,016,059 625,725 
        accrued interest
      		2,133,000 2,116,000 1,872,000 2,326,000 2,443,000 3,062,000 5,069,000 4,702,000 4,376,000 4,747,000 4,805,000 5,082,000 3,825,000 4,135,000 3,578,000 2,991,000 3,120,000 3,011,000 3,103,000 3,373,000 3,249,000 3,446,000 3,221,000 3,554,000 3,414,000 3,111,000 3,630,000 4,469,000 3,969,000 4,296,000 5,832,000 4,158,000 3,364,000 2,886,000 3,079,000 1,876,000 1,626,000 1,478,000 1,539,000 681,494 1,457,065 559,050 495,878 238,933 34,027  
        accrued property taxes
      		1,685,000 1,411,000 1,907,000 1,224,000 1,835,000 1,650,000 2,341,000 1,799,000 2,523,000 1,898,000 2,639,000 2,014,000 2,592,000 2,008,000 2,856,000 1,851,000 2,337,000 1,762,000 2,588,000 1,752,000 2,285,000 1,817,000 2,645,000 2,033,000 2,411,000 1,873,000 2,630,000 2,013,000 2,134,000 1,666,000 2,342,000 1,907,000 1,374,000 1,523,000 1,574,000 1,410,000 962,000 892,000 923,000 764,542 564,821 386,187 280,937 241,221 178,399 110,717 
        deferred revenue
      		5,315,000 1,243,000 63,000 175,000 6,198,000 65,000 130,000 1,283,000 9,889,000 2,149,000 70,000 1,141,000 10,756,000 44,000 111,000 1,317,000 7,926,000 45,000 31,000 2,420,000 7,705,000 37,000 50,000 2,034,000 10,182,000 71,000 248,000 5,254,000 12,362,000 238,000 636,000 7,905,000 15,106,000 3,876,000 9,328,000 13,914,000 5,720,000 8,795,000 12,045,000 4,853,837 7,383,186 10,159,654 5,913,183 1,364,737 1,753,410 2,829,500 
        accrued expenses
      		3,117,000 3,831,000 3,227,000 2,795,000 3,182,000 6,096,000 3,486,000 4,429,000 3,659,000 7,854,000 7,203,000 6,877,000 7,462,000 9,215,000 8,855,000 7,826,000 8,331,000 9,564,000 12,767,000 11,132,000 9,117,000 8,272,000 7,482,000 4,872,000 4,369,000 5,868,000 4,256,000 3,554,000 3,199,000 3,581,000 2,489,000 1,762,000 2,297,000 3,525,000 3,823,000 5,245,000 3,002,000 2,357,000 1,361,000 1,292,430 1,338,162 1,216,261 732,830 651,672 235,102 514,617 
        total liabilities
      		248,206,000 181,095,000 180,152,000 202,671,000 218,518,000 272,003,000 406,482,000 406,537,000 404,656,000 391,192,000 438,607,000 489,676,000 469,504,000 455,935,000 427,473,000 442,085,000 487,489,000 528,939,000 521,118,000 523,013,000 512,315,000 524,801,000 526,690,000 528,458,000 536,677,000 525,636,000 525,675,000 531,242,000 546,195,000 535,968,000 536,903,000 554,793,000 540,882,000 481,186,000 508,202,000 464,120,000 316,218,000 313,309,000 307,876,000 196,726,230 202,864,168 197,405,833 116,328,707 117,497,367 54,670,997 34,834,559 
        commitments and contingencies
      		                                              
        redeemable non-controlling interest in operating partnership, series a preferred units
      		 70,583,000 101,074,000 100,485,000 99,743,000 101,970,000 101,228,000 100,485,000 99,743,000 101,970,000 101,228,000 100,485,000 107,803,000 110,210,000 109,408,000 113,680,000 117,878,000 120,510,000 119,633,000 118,755,000 117,878,000  119,633,000 118,755,000 117,877,000  119,633,000 118,755,000 117,878,000  119,633,000 118,755,000 117,878,000              
        equity
      		                                              
        common stock, 0.01 par value...
      		436,000 431,000 431,000 443,000 460,000 459,000 465,000 465,000 466,000 466,000 469,000 475,000 516,000 531,000 531,000 515,000 474,000 444,000 319,000 317,000 298,000 297,000 282,000 287,000 289,000 292,000 292,000 290,000 310,000 300,000 311,000 323,000 323,000 322,000 324,000 321,000 139,000 130,000 118,000 117,634 117,634 84,055 75,811 75,175 75,175  
        additional paid in capital
      		525,785,000 520,899,000 520,397,000 533,422,000 551,547,000 551,994,000 579,044,000 578,166,000 577,648,000 577,253,000 580,453,000 586,736,000 633,209,000 647,346,000 646,999,000 623,748,000 562,717,000 524,183,000 374,966,000 373,299,000 347,856,000 345,870,000 333,037,000 336,058,000 337,457,000 338,387,000 338,791,000 335,256,000 348,075,000 332,996,000 338,975,000 346,600,000 345,845,000 342,313,000 342,891,000 338,732,000 137,571,000 130,138,000 118,171,000 114,783,088 114,795,891 80,876,316 69,856,630 68,980,437 68,789,362 28,596,886 
        retained earnings
      		117,750,000 117,314,000 96,402,000 96,507,000 89,648,000 88,352,000 30,348,000 29,297,000 32,041,000 31,411,000 14,834,000 11,368,000 4,440,000 3,567,000    -4,739,000 -11,066,000 -5,457,000 332,000 1,037,000 -1,934,000 604,000 3,530,000 6,251,000 179,000 4,660,000 1,733,000 4,852,000 678,000 178,000 2,459,000 2,665,000 2,408,000 1,599,000 247,000 178,000 -695,000 659,022 6,311      
        cumulative dividends
      		-183,574,000 -179,641,000 -168,419,000 -165,829,000 -163,169,000 -160,406,000 -104,615,000 -101,723,000 -98,830,000 -95,939,000 -82,978,000 -80,078,000 -77,149,000 -73,964,000 -70,705,000 -67,446,000 -64,281,000 -61,853,000 -59,579,000 -57,932,000 -56,291,000 -54,751,000 -53,224,000 -51,770,000 -50,282,000 -48,784,000 -47,268,000 -45,778,000 -44,286,000 -42,695,000 -41,165,000 -39,580,000 -35,389,000 -26,948,000 -22,796,000 -18,610,000 -12,261,000 -10,470,000 -8,728,000 -7,188,295 -5,661,014 -4,133,493 -3,034,477 -2,130,218   
        other comprehensive income
      		 350,000 653,000 1,068,000 1,107,000 1,512,000 1,463,000 2,521,000 2,476,000 2,691,000 3,225,000 3,512,000 2,923,000 3,306,000 3,205,000 1,857,000 1,386,000 279,000 -284,000 -908,000 -879,000 -2,380,000 -2,853,000 -3,380,000 -3,227,000 -1,644,000 -1,815,000 -1,735,000 -1,080,000 -865,000 -173,000 -495,000               
        non-controlling interests in operating partnership
      		3,111,000 8,034,000 7,858,000 7,904,000 12,611,000 12,676,000 12,708,000 12,743,000 12,874,000 12,958,000 12,859,000 13,201,000 13,165,000 13,218,000 13,154,000 13,177,000 13,914,000 13,762,000 12,663,000 14,116,000 14,148,000 15,841,000 18,408,000 18,544,000 18,750,000 19,044,000 18,700,000 23,979,000 23,331,000 44,685,000 43,630,000 43,293,000 44,112,000 56,322,000 63,235,000 67,228,000 51,494,000 58,549,000 54,294,000 30,162,153 30,409,129 29,613,804     
        total equity
      		463,508,000 467,387,000 457,322,000 473,515,000 492,204,000 494,587,000 519,413,000 521,469,000 526,675,000 528,840,000 528,862,000 535,214,000 577,104,000 594,004,000 590,995,000 569,395,000 509,699,000 472,076,000 317,019,000 323,435,000 305,464,000 305,914,000 293,716,000 300,343,000 306,517,000 313,546,000 308,879,000 316,672,000 328,083,000 339,273,000 342,256,000 350,319,000 357,350,000 374,674,000 386,062,000 389,270,000 177,190,000 178,525,000 163,160,000 138,533,602 139,667,951 105,823,126 83,151,129 83,525,840 84,713,288 42,112,518 
        total liabilities, redeemable non-controlling interests in operating partnership and equity
      		711,714,000 719,065,000 738,548,000 776,671,000 810,465,000 868,560,000 1,027,123,000 1,028,491,000 1,031,074,000 1,022,002,000 1,068,697,000 1,125,375,000 1,154,411,000 1,160,149,000 1,127,876,000 1,125,160,000 1,115,066,000 1,121,525,000 1,096,886,000 1,104,319,000 1,075,209,000  1,079,805,000 1,087,322,000 1,102,956,000  1,097,048,000 1,111,823,000 1,137,852,000  1,145,175,000 1,168,090,000 1,162,597,000  1,013,019,000 971,267,000 612,465,000 610,004,000 597,838,000        
        assets held for sale
      		   23,000 25,000 61,000 24,000 24,000 26,000 28,000 6,295,000 30,000 32,000 33,000 34,000 83,000 407,000 530,000 518,000 530,000 541,000                          
        intangible assets
      		  1,359,000 1,364,000 1,369,000 1,374,000 2,019,000 2,025,000 2,030,000 2,035,000 2,040,000 2,045,000 2,050,000 2,055,000 2,060,000 1,912,000 1,913,000 1,915,000                             
        goodwill
      		  2,706,000 2,706,000 2,706,000 2,706,000 2,706,000 2,706,000 2,706,000 2,706,000 2,706,000 2,706,000 2,706,000 2,706,000 2,706,000 2,706,000 2,706,000 2,706,000                             
        deposits
      		  500,000  11,000  1,000   426,000 26,000 126,000 135,000 148,000 269,000 531,000 1,776,000 58,000 2,155,000 65,000 52,000    90,000 1,000 50,000    6,000 84,000 33,000 1,161,000 99,000 333,000 196,000 1,134,000 264,000 764,695 226,912 282,874 946,527 419,548 1,001,851 300,000 
        deferred offering costs
      		            66,000 63,000 53,000 83,000 23,000 40,000 76,000 75,000        218,000 218,000 218,000 217,000 430,000 308,000 280,000 326,000 276,000 250,000 238,000 267,000 267,253 285,780 386,477    331,250 
        cash and cash equivalents and restricted cash
      		           11,228,000                                   
        derivative liability
      		                 785,000 1,239,000 1,738,000 1,581,000 2,899,000 3,182,000 3,518,000 3,227,000 1,644,000 1,815,000 1,735,000 1,080,000 865,000 173,000 495,000               
        cash
      		              8,869,000 19,696,000 16,102,000 30,171,000 21,373,000 40,159,000 36,070,000 27,217,000 7,108,000 11,598,000 14,994,000 12,561,000 8,563,000 22,359,000 19,150,000 16,891,000 23,808,000 26,414,000 19,666,000 129,298,000 29,422,000 6,363,000 17,189,000 32,464,000 35,732,000 23,514,296 42,504,514 20,819,778 18,183,960 33,736,166 63,747,769 5,429,723 
        notes and interest receivable
      		              5,910,000 5,855,000 7,488,000 6,112,000 6,128,000 2,440,000 2,416,000 2,348,000 2,412,000 2,448,000 4,278,000 4,767,000 7,765,000 7,753,000 11,844,000 11,877,000 12,381,000 12,469,000 11,648,000 6,951,000 5,960,000 4,247,000 2,870,000 2,815,000 2,760,000 2,811,566       
        retained deficit
      		              -2,189,000 -2,456,000 -4,511,000                         -617,556 -724,633 -568,192   
        deferred financing fees
      		                  22,000 44,000 66,000 87,000 109,000 131,000 152,000 174,000 196,000 217,000 239,000 261,000 290,000 305,000 326,000 370,000 391,000 413,000       407,844 364,893 251,761 203,347 
        series b participating preferred stock, 0.01 par value...
      		                  139,116,000 139,116,000 139,552,000 139,766,000 139,766,000 139,766,000 141,885,000 142,861,000 142,861,000 145,154,000 145,696,000 143,758,000 146,383,000 144,223,000 146,487,000              
        convertible notes receivable
      		                   2,428,000 2,417,000                          
        prepaid expenses and other assets
      		                     2,889,000    3,440,000    3,638,000                 
        redeemable non-controlling interest in operating partnership, preferred units
      		                     120,510,000    120,510,000    120,510,000                 
        total liabilities, redeemable non-controlling interest in operating partnership and equity
      		                     1,090,991,000    1,102,553,000    1,139,509,000          344,954,285 352,090,391 312,986,286     
        mortgage notes, line of credit and bonds payable
      		                                 464,494,000 485,400,000 436,684,000           
        dividends and distributions payable
      		                                 4,882,000 4,998,000            
        series b participating preferred stock
      		                                 144,223,000             
        redeemable non-controlling interests in operating partnership, series a preferred units
      		                                 119,633,000             
        total liabilities, series b participating preferred stock, redeemable non-controlling interests in operating partnership and equity
      		                                 1,119,716,000             
        redeemable non-controlling interests in operating partnership, preferred units
      		                                  118,755,000 117,877,000 119,057,000 118,170,000 117,283,000        
        redeemable non-controlling interests in operating partnership, common units
      		                                      9,519,000        
        accounts receivable, related party
      		                                        396,540 332,089 249,778 182,763 137,846 91,897 
        redeemable non-controlling interest in operating partnership
      		                                       9,694,453 9,558,272 9,757,327     
        note and interest receivable
      		                                        1,805,674      
        non-controlling interest in operating partnership
      		                                          16,977,798 17,168,638 17,412,717 14,257,415 
        total liabilities and equity
      		                                          199,479,836 201,023,207 139,384,285 76,947,077 
        members’ deficit
      		                                              
        distributions in excess of earnings
      		                                              
        mortgage notes payable
      		                                             30,754,000 
        common stock, .01 par value...
      		                                             38,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-03-31 2014-12-31 2014-09-30 
                                                     
          cash flows from operating activities
        		                                             
          net income
        		646,000 21,796,000 491,000 7,792,000 2,093,000 60,256,000 1,838,000 -2,052,000 1,408,000 17,754,000 4,315,000 7,898,000 1,714,000 6,710,000 1,119,000 2,992,000 1,139,000 13,314,000 -2,667,000 -2,865,000 2,477,000 6,377,000 561,000 173,000 419,000 9,780,000 -1,463,000 6,524,000 9,000 8,398,000 4,158,000 981,000 503,000 6,528,000    5,999,513    883,118 -196,578 -299,024 34,805 
          adjustments to reconcile net income to net cash and cash equivalents from operating activities:
        		                                             
          depreciation, depletion and amortization
        		910,000 927,000 938,000 1,130,000 1,173,000 1,263,000 1,414,000 1,430,000 1,481,000 1,594,000 1,904,000 2,207,000 1,794,000 1,884,000 1,665,000 1,660,000 1,751,000 1,898,000 1,911,000 1,885,000 1,935,000  1,979,000 2,003,000 2,000,000  2,087,000 2,092,000 2,115,000  2,154,000 2,126,000 2,130,000 2,141,000            
          amortization of deferred financing fees and discounts/premiums on debt
        		87,000 88,000 98,000 103,000 120,000 129,000 185,000 186,000 184,000 180,000 178,000 173,000 158,000 106,000 96,000 94,000 82,000 80,000 132,000 96,000 76,000  71,000 73,000 74,000  75,000 87,000 85,000  88,000 116,000 105,000  59,000 38,000 65,000  -203,781       
          amortization of net origination fees related to notes receivable
        		-872,000 -672,000 -632,000 -632,000 -586,000 -324,000 -8,000 -5,000 -4,000 -3,000 -5,000 -5,000 -6,000 -9,000 -12,000 -11,000 -5,000                 -5,000            
          stock-based compensation
        		468,000 594,000 515,000 528,000 519,000 473,000 870,000 512,000 491,000 500,000 475,000 473,000 405,000 345,000 351,000 185,000 642,000 344,000 334,000                           
          loss on disposition of assets
        		255,000   -24,228,000 -763,000   10,000 86,000            -3,392,000 -810,000 -1,348,000 -917,000 86,000 50,000 18,000 -7,491,000 -418,000 204,000 -2,951,000 -143,000 8,000 152,000 -44,000       -1,798  0 1 
          loss from equity method investment
        		-21,000    1,000  -8,000 -18,000 -77,000  -5,000 -5,000 27,000     -4,000                            
          current and expected credit losses
        		1,819,000 1,857,000 -49,000 0 69,000 140,000 -17,000                                       
          amortization of dedesignated interest rate swap
        		-193,000 -195,000 -203,000 -319,000 -97,000     36,000 109,000 -109,000 162,000 32,000 250,000 -150,000 317,000 110,000 234,000 237,000 293,000                         
          losses on modification and extinguishment of debt
        		9,000 47,000 0                                           
          changes in operating assets and liabilities:
        		                                             
          decrease in accounts receivable
        		2,108,000 2,448,000 -5,298,000 2,070,000 659,000 5,835,000 -7,906,000 614,000 4,389,000 -560,000 -4,162,000 2,341,000 3,246,000 -422,000 -4,175,000 634,000 1,628,000 2,338,000             -816,000 1,382,000 726,000  954,000 -332,000 2,117,000   -230,000 -1,018,000  156,895   
          decrease in interest receivable
        		-799,000 -59,000 161,000 -47,000 -3,000 -66,000 8,000 198,000 -208,000 -12,000 2,000 -14,000 -39,000 -76,000 -44,000 74,000 -73,000 17,000               -103,000        4,000     
          decrease in other assets
        		522,000 -1,013,000 -354,000 1,035,000 627,000 -1,216,000 313,000 933,000 1,175,000 -2,272,000 558,000 920,000 906,000 -2,042,000 691,000 2,303,000 -1,091,000 662,000   268,000 -1,440,000     -204,000 506,000 1,093,000  145,000 306,000 359,000             
          decrease in inventory
        		-462,000 -96,000 371,000 280,000 -212,000 126,000 236,000 -322,000 -364,000 923,000 -506,000 -40,000 96,000 315,000 -160,000 10,000 86,000 -1,127,000            -46,000 125,000 -50,000 -245,000 -32,000 -17,000 123,000 183,000    24,000     
          increase in accrued interest
        		18,000 243,000 -454,000 -117,000 -619,000 -2,305,000 368,000 326,000 -371,000 -59,000 -276,000 1,257,000 -311,000 448,000 696,000 167,000 72,000 -92,000 -160,000 14,000 -233,000  -259,000 30,000 317,000  -839,000 500,000 -327,000  1,673,000 795,000 171,000  -193,000 1,203,000 338,000  -795,055 -61,000 857,000  256,945   
          increase in accrued expenses
        		-551,000 924,000 513,000 -240,000 -2,994,000 2,596,000 -1,090,000 1,386,000 -3,453,000 653,000 450,000 -818,000 -1,794,000 558,000 -5,000 -18,000 -2,068,000 -4,190,000 1,748,000 2,031,000 557,000      556,000 245,000 -187,000    369,000 -949,000 -102,000 -497,000 -13,759,000 2,596,016 -976,016 969,000 9,000     
          increase in deferred revenue
        		4,071,000 92,000 -112,000 -5,857,000 6,180,000 -417,000 954,000 -8,605,000 7,739,000 -39,000 -1,004,000 -9,105,000 10,712,000 -68,000 -1,205,000 -6,552,000 7,881,000 -6,000 -2,389,000 -5,285,000 7,622,000 -28,000 -2,039,000 -7,904,000 10,109,000   -7,027,000 12,096,000   -7,156,000 10,584,000 -136,000 -6,536,000 -4,586,000 9,094,000 -3,829,900 -3,859,100 -3,374,000 7,234,000 -2,464,722 4,548,446 -388,673 -1,076,090 
          increase in accrued property taxes
        		233,000 -355,000 694,000 -523,000 203,000 -1,102,000 543,000 -727,000 626,000 -644,000 758,000 -558,000 580,000 -849,000 1,005,000 -480,000 576,000 -804,000 834,000 -533,000 507,000 -815,000 622,000 -374,000 538,000      595,000 535,000 -215,000 65,000 -669,000 156,000 211,000 374,881 -55,881 -22,000 78,000 202,196 36,550 56,905 62,943 
          net cash and cash equivalents from operating activities
        		8,248,000 15,193,000 -1,953,000 -2,184,000 6,370,000 14,614,000 -4,280,000 -6,089,000 11,897,000 7,155,000   15,839,000                                 
          cash flows from investing activities
        		                                             
          real estate acquisitions
        		 0 -800,000 0 -6,501,000 -1,635,000 0 0 -16,255,000 -2,147,000 -11,007,000 -8,862,000 -141,000 -17,493,000 -8,779,000 -20,184,000 -7,980,000 -50,171,000 -1,005,000 -27,070,000 -2,933,000 -35,000 0       -451,000 -5,883,000 -50,000 -26,770,000     -131,653,612 105,445,612 -12,381,000 -93,187,000 -10,399,440 -11,161,947   
          real estate and other improvements
        		-267,000 -111,000 -182,000 -191,000 -60,000 -197,000 -431,000 -787,000 -86,000 -1,504,000 -1,730,000 -1,500,000 -1,092,000 -1,206,000 -368,000 -1,708,000 -964,000 -527,000 -833,000 -814,000 -539,000  -337,000 -541,000 -1,148,000  -834,000 -2,057,000 -2,183,000  -2,953,000 -3,661,000 -5,309,000  -6,380,000 -7,323,000 -3,947,000         
          distributions from equity method investees
        		403,000 0 0 0 50,000 0 0 0 161,000 0                                    
          collections of principal on loans
        		4,940,000 979,000 500,000 207,000 4,290,000 1,824,000 9,521,000 428,000 62,000                                     
          issuances of loans and financing receivables
        		-2,450,000 -18,250,000 0 -4,422,000 -7,637,000                                         
          proceeds from disposition of assets
        		9,392,000                                             
          net cash and cash equivalents from investing activities
        		12,018,000 -7,396,000 3,501,000 67,193,000 99,000 275,803,000 8,696,000 -1,248,000 -14,497,000 58,895,000   5,911,000                                 
          cash flows from financing activities
        		                                             
          borrowings from mortgage notes payable
        		80,200,000 8,501,000 0   0 8,500,000 42,500,000 30,001,000 2,000,000 9,500,000 54,000,000 14,001,000 109,000,000 2,000,000 0 112,000,000 14,359,000 12,750,000           0 0       207,186,213 -195,484,213 36,685,000 159,000,000 0  60,400,000  
          repayments on mortgage notes payable
        		-9,000,000 -17,300,000 -23,000,000 -32,183,000 -2,000,000 -189,388,000 -7,500,000 -32,500,000 -10,134,000 -61,695,000 -60,231,000 -24,118,000 -9,850,000 -80,000,000 -17,999,000 -38,558,000 -160,384,000 -1,932,000 -14,000,000 0 -19,976,000 -56,033,000 -2,909,000 -43,000 -42,000 -43,000 -42,000 -9,167,000 -2,133,000 -42,000 -10,248,000 -1,100,000 -118,000 -60,400,000    -84,665,250 84,665,250 -28,750,000 -56,000,000 -3,000,000 -6,102,300   
          common stock repurchased
        		 0 -13,561,000 -23,522,000 -741,000     -3,744,000 -6,740,000 -47,098,000 -14,591,000         -251,000 -3,372,000 -1,799,000 -1,397,000 -823,000 -1,714,000 -12,926,000 -6,540,000 -6,306,000 -7,775,000 0 -6,517,000 -2,554,000        0    
          payment of debt issuance costs
        		-351,000     -62,000 0 -73,000 -20,000 -90,000 -25,000 -60,000 -137,000 -603,000 -200,000 -32,000 -212,000 -694,000 -74,000   -202,000 0 0 -130,000     32,000 -1,000 -157,000 -78,000 -476,000 -158,000 -114,000 -545,000 -1,115,063 886,063 -220,000 -667,000 -15,008    
          payment of swap fees
        		 -109,000 109,000 -49,000 -77,000 -38,000 -109,000 -110,000 -109,000 -146,000 -218,000 0 -73,000 110,000 -328,000 146,000 -219,000 0 -218,000 0 -73,000 0                        
          redemption of series a preferred units
        		-68,204,000         0 0   0 -5,100,000                               
          redemption of common units
        		-70,000         0                                    
          dividends on common stock
        		-11,204,000 -2,586,000 -2,655,000 -2,760,000 -55,743,000 -2,890,000 -2,890,000 -2,889,000 -12,961,000 -2,900,000 -2,937,000 -3,177,000 -3,259,000 -3,259,000 -3,165,000 -2,428,000 -2,274,000 -1,647,000 -1,641,000 -1,542,000 -1,530,000 -1,458,000 -1,488,000 -1,498,000 -1,498,000 -1,521,000 -1,504,000 -1,393,000 -1,759,000 -1,767,000 -4,285,000 -4,131,000 -4,250,000 -4,153,000 -4,185,000 -4,138,000 -2,212,000 -6,595,191 3,116,191 -1,594,000 -1,527,000 -1,527,521 -896,884   
          shares withheld for income taxes on vesting of equity-based compensation
        		-411,000 -43,000 0 0 -273,000 -6,000 -1,000 -1,000 -177,000 -5,000 -2,000 0 -36,000 0 0 -1,000 -185,000                             
          distributions on series a preferred units
        		-2,583,000 0 0 0 -2,970,000 0 0 0 -2,970,000 0 0 0 -3,210,000 0 0                               
          distributions to non-controlling interests in operating partnership, common
        		-195,000 -98,000 -45,000 -72,000 -1,456,000 -148,000 -72,000 -72,000 -325,000 -72,000 -75,000 -74,000 -74,000 -74,000 -75,000 -68,000 -68,000 -68,000 -72,000 -74,000 -82,000  -95,000 -95,000 -95,000  -95,000 -162,000 -78,000  -593,000 -643,000 -605,000    -726,000  1,340,845       
          net cash and cash equivalents (used in) financing activities
        		-11,818,000            -17,175,000                                 
          net increase in cash and cash equivalents
        		8,448,000 -4,176,000 -37,604,000 29,423,000 -56,791,000 70,351,000 2,344,000 -482,000 739,000    4,575,000                                 
          cash and cash equivalents, beginning of period
        		9,293,000 0 0 0 78,441,000 0 0 0 5,489,000 0   7,654,000                                 
          cash and cash equivalents, end of period
        		17,741,000 -4,176,000 -37,604,000 29,423,000 21,650,000 70,351,000 2,344,000 -482,000 6,228,000 -568,000   12,229,000                                 
          cash paid during period for interest
        		2,801,000 2,080,000 2,781,000 2,742,000 3,260,000 5,010,000 5,286,000 5,088,000 5,574,000 5,819,000 6,676,000 4,767,000 5,188,000  3,173,000 3,632,000 3,412,000 3,685,000 3,802,000 3,389,000 3,828,000 2,827,000 4,316,000 3,982,000 4,352,000 5,186,000 5,616,000 4,634,000 5,157,000 6,204,000 3,072,000 3,624,000 4,137,000 3,336,000 3,779,000 2,251,000 2,461,000 8,858,294 -4,797,294 2,000,000 2,804,000 2,132,963 455,540 217,700 220,033 
          cash paid during period for taxes
        		                                         5,551    
          (gain) on disposition of assets
        		 -11,404,000    -52,264,000    -12,954,000 -10,293,000 -11,060,000 -1,826,000 1,307,000 47,000 -3,335,000 -660,000 -5,935,000 112,000                           
          (income) from forfeited deposits
        		     0 0 0 -1,205,000                                     
          (income) from equity method investment
        		 -29,000 -163,000           -36,000                                
          impairment of assets
        		 0 1,000,000       2,000,000                                    
          issuance of stock
        		     0 0 0 34,000 34,000 34,000 33,000 54,000 0 20,000 20,000 19,000                             
          proceeds from sale of property
        		  3,983,000 71,599,000 9,957,000 310,450,000 -88,000 -11,000 1,621,000 73,746,000 70,204,000 44,400,000 7,137,000 98,000 0 12,342,000 4,559,000 41,925,000 61,000 163,000 28,486,000 7,051,000 5,901,000 7,359,000 167,000 -1,000 -31,000 29,447,000 4,725,000                 
          net cash and cash equivalents from financing activities
        		  -39,152,000 -35,586,000 -63,260,000  -2,072,000 6,855,000 3,339,000                                     
          bad debt expense
        		         0 0 0 15,000 0 0 12,000 12,000     -92,000 279,000 5,000 41,000 201,000 2,000 162,000 177,000 379,000 -59,000 199,000 357,000             
          issuance of loans and financing receivables
        		     -34,639,000 -306,000                                       
          loss on debt modification
        		      0                                       
          stock-based incentive
        		             0 0                               
          loss on early extinguishment of debt
        		             0 0 135,000 27,000                             
          acquisition of non-real estate assets
        		             0                                
          investment in equity method investees
        		             0 0   0                            
          origination fees on notes receivable
        		             0 0 0 60,000                             
          proceeds from atm offering
        		             -11,000 22,923,000 60,129,000 38,274,000 1,791,000 64,000                   11,100,662 -7,671,662       
          net (decrease) in cash and cash equivalents
        		         -568,000                                    
          collections of principal on loans and financing receivables
        		          2,100,000 0 7,000                                 
          adjustments to reconcile net income to net cash and cash equivalents and restricted cash from operating activities:
        		                                             
          net cash and cash equivalents and restricted cash from operating activities
        		                                             
          net cash and cash equivalents and restricted cash from investing activities
        		                                             
          net cash and cash equivalents and restricted cash from financing activities
        		                                             
          net increase in cash and cash equivalents and restricted cash
        		                                             
          cash and cash equivalents and restricted cash, beginning of period
        		                                             
          cash and cash equivalents and restricted cash, end of period
        		                                             
          cash and cash equivalents
        		                                             
          restricted cash
        		                                             
          total cash and cash equivalents and restricted cash, end of period
        		                                             
          proceeds from litigation settlement
        		                 0 0                           
          mwa acquisition, net of cash acquired
        		                                             
          net cash and cash equivalents (used in) investing activities
        		                                             
          participating preferred stock repurchased
        		                 0 0 -436,000 -214,000 0 0 -2,118,000 -977,000 1,000 -46,000 -687,000 -164,000                 
          distributions on series b participating preferred stock
        		                                             
          adjustments to reconcile net income to net cash from operating activities:
        		                                             
          net cash from operating activities
        		              318,000 -1,871,000 10,309,000 6,618,000 -6,979,000 -3,189,000 11,406,000 9,565,000 179,000 -2,885,000 12,867,000 11,017,000 -5,150,000 -1,703,000 13,830,000 6,370,000 -470,000 -973,000 15,076,000 4,330,000 -1,691,000 901,000 -2,611,000 5,037,386 -4,959,386 -817,000 5,780,000 -958,944 4,949,477 116,497 -568,282 
          capital expenditures
        		              0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 
          free cash flows
        		              318,000 -1,871,000 10,309,000 6,618,000 -6,979,000 -3,189,000 11,406,000 9,565,000 179,000 -2,885,000 12,867,000 11,017,000 -5,150,000 -1,703,000 13,830,000 6,370,000 -470,000 -973,000 15,076,000 4,330,000 -1,691,000 901,000 -2,611,000 5,037,386 -4,959,386 -817,000 5,780,000 -958,944 4,949,477 116,497 -568,282 
          principal receipts on notes receivable
        		              0 1,571,000 6,000 0 31,000 1,000 5,000 10,000 0 1,321,000 441,000 743,000 303,000 5,326,000 307,000 908,000 475,000 0 3,469,000    801,000 49,950 -49,950 0 50,000     
          issuance of notes receivable
        		                                 -2,700,000 -769,000           
          net cash from investing activities
        		              -9,222,000 -8,684,000 -7,819,000 -9,629,000 -6,439,000 -27,720,000 25,019,000 6,397,000 5,564,000 7,252,000 -545,000 -2,298,000 -759,000 31,506,000 2,603,000 -199,000 20,771,000 -2,597,000 -33,839,000 -119,907,000 -8,154,000 -21,425,000 -84,621,000 -137,268,651 109,098,651 -15,391,000 -93,835,000 -12,655,075 -13,234,618   
          net cash from financing activities
        		              -1,924,000 14,150,000 -16,559,000 11,809,000 -5,368,000 34,998,000 -27,572,000 4,147,000 -10,233,000 -7,763,000 -9,889,000 -4,721,000 -7,887,000 -26,594,000 -14,174,000 -13,088,000 -22,907,000 10,318,000 -15,107,000 39,815,000 109,721,000 43,583,000 46,429,000 155,889,590 -113,095,590 12,940,000 100,273,000 -5,376,199 -7,267,065 59,230,427 63,334,645 
          net (decrease) in cash
        		                                             
          cash, beginning of period
        		              0 0 30,171,000 0 0 0 27,217,000 0 0 0 12,561,000 0 0 0 16,891,000 0 0 0 53,536,000 0 0 0 47,166,000 23,490,486 -23,490,486 0 23,514,000 0 33,736,166 0 0 
          cash, end of period
        		              -10,828,000 3,595,000 16,102,000 8,798,000 -18,786,000 4,089,000 36,070,000 20,109,000 -4,490,000 -3,396,000 14,994,000 3,998,000 -13,796,000 3,209,000 19,150,000 -6,917,000 -2,606,000 6,748,000 19,666,000 -75,762,000 99,876,000 23,059,000 6,363,000 47,148,811 -32,446,811 -3,268,000 35,732,000 -18,990,218 18,183,960 -30,011,603 58,318,046 
          income from equity method investment
        		               -8,000 -7,000                             
          issuance of note receivable
        		               0 -3,500,000 0     0    -197,000 -1,210,000 -246,000  -421,000 -863,000 -5,250,000    -2,255,000         
          net increase in cash
        		               3,595,000 -14,069,000   4,089,000 8,853,000 20,109,000 -4,490,000     3,209,000 2,259,000     -75,762,000 99,876,000 23,059,000 -40,803,000 23,658,325 -8,956,325 -3,268,000 12,218,000 -18,990,218 -15,552,206 -30,011,603 58,318,046 
          distribution on series a preferred units
        		                -3,510,000 0 0 0 -3,510,000  0 0 -3,510,000  0                   
          distribution on series b participating preferred stock
        		                 0 -2,177,000 -2,178,000 -2,187,000  -2,187,000 -2,210,000 -2,240,000  -4,486,000                   
          proceeds from litigation insurance
        		                                             
          proceeds from issuance of common stock
        		                                             
          increase in accounts receivable
        		                   -719,000 1,045,000  -3,628,000 2,666,000 -294,000 330,000 -731,000 3,396,000 -1,735,000         -3,476,573    437,511    
          increase in interest receivable
        		                   -34,000 -13,000  36,000 20,000 -49,000           -62,000 52,000  48,894       
          increase in other assets
        		                       806,000 759,000           330,000 -822,000 -305,697 169,697 22,000 -192,000 103,051 -65,505   
          increase in inventory
        		                   362,000 13,000       -701,000 278,000         -33,871 141,871   -59,661    
          ​
        		                                             
          supplemental non-cash investing and financing transactions:
        		                                             
          dividend payable, common stock
        		                   99,000 1,542,000  -34,000 -10,000 1,498,000  12,000 -100,000 1,592,000  -2,606,000 0 4,191,000  -34,000 49,000 4,137,000  -1,686,209       
          dividend payable, common units
        		                   0 74,000  0 0 95,000  -25,000                   
          distributions payable, series a preferred units
        		                   877,000 878,000  878,000 877,000 878,000  878,000 877,000 878,000                 
          convertible notes receivable
        		                   0 2,417,000                         
          additions to real estate improvements included in accrued expenses
        		                   -215,000 453,000      148,000 109,000 155,000  -440,000 -36,000 662,000  -131,000 -854,000 2,140,000  -14,866 -36,000 51,000     
          settlement of outstanding notes receivable with property acquisitions
        		                                             
          swap fees payable included in accrued interest
        		                   110,000 36,000  -73,000                       
          deferred offering costs amortized through equity in the period
        		                                    60,000         
          right of use asset
        		                   120,000 58,000  -35,000 -35,000 198,000  -31,000 -31,000 166,000                 
          lease liability
        		                   120,000 58,000  -35,000 -35,000 198,000  -31,000 -31,000 166,000                 
          harvested crop
        		                                             
          growing crop
        		                                             
          stock based compensation
        		                    251,000  271,000 275,000 242,000  385,000 382,000 394,000 515,000 405,000 398,000 331,000 301,000 303,000 360,000 428,000 1,223,111 -557,111 315,000 243,000 233,099 239,003 234,080 240,981 
          repayments on mortgage notes payable from dispositions
        		                    13,577,000                         
          depreciation and depletion
        		                                     1,552,898 -681,898 366,000 317,000 279,928 172,930 119,104 100,208 
          amortization of discounts/premiums on debt
        		                                        200,000 26,742    
          stock based compensation, net of forfeitures
        		                                             
          loss on settlement of interest rate swap
        		                                             
          increase in accrued interest payable
        		                                             
          incrase in accrued expenses
        		                                             
          real estate improvements
        		                                       -3,010,000 -698,000 -1,226,638 -385,454   
          dividends on series a preferred units
        		                                             
          dividends on series b participating preferred stock
        		                             -4,525,000 0   -2,264,000            
          distributions to non-controlling interest in operating partnership
        		                                          -225,620   
          decrease in accrued expenses
        		                      2,538,000 525,000 -1,306,000                  -259,473   
          net investment in lease
        		                                             
          amortization of oci
        		                                             
          distributions payable, series b participating preferred stock
        		                           -2,000 2,249,000                 
          settlement of outstanding notes receivable with property acquisition
        		                                             
          (decrease) in inventory
        		                        -69,000                     
          casualty loss insurance recovery
        		                                21,000             
          net decrease in cash
        		                        2,433,000      -2,606,000 6,748,000 -33,870,000             
          amortization of below market leases
        		                                     -71,937 -53,063 96,000 -43,000 -64,627    
          (decrease) in deferred revenue
        		                         -176,000                    
          decrease in accrued property taxes
        		                         -757,000 617,000 -93,000 460,000                 
          proceeds from underwritten public offering
        		                                         0  0  
          payment of offering costs
        		                              -5,000   -1,000 -298,000 -183,000 -91,000 -422,936 51,936   -301,065    
          proceeds from issuance of series b participating preferred shares
        		                                             
          (increase) in interest receivable
        		                          -158,000 -286,000 -209,000  35,000               
          financing fees included in accrued expenses
        		                                  -79,000     35,000 3,000 -1,500 60,954   
          property tax liability assumed in acquisitions
        		                              0 0 5,000      -71,921 -8,000 80,000 -2,477    
          payment of direct costs related to note receivable
        		                                         -8,797    
          payments associated with the shelf registration
        		                                -29,000             
          distribution on preferred units
        		                            -3,500,000    -3,510,000    -2,915,000         
          distributions payable, common units
        		                            120,000  -355,000 0 584,000  -82,000 -43,000 855,000  -810,276       
          (decrease) in accrued expenses
        		                              1,247,000               
          decrease in deferred revenue
        		                                             
          proceeds from the sale of property
        		                              29,560,000               
          proceeds from issuance of series b participating preferred stock
        		                                 0            
          transfer of deferred offering costs to equity, offset by deferred costs included in accrued expenses related to offering
        		                                             
          distibutions payable, series a preferred units
        		                              878,000 877,000 878,000             
          distibutions payable, series b participating preferred stock
        		                                2,264,000             
          issuance of equity and contributions from redeemable non-controlling interests and non-controlling interest in operating partnership in conjunction with acquisitions
        		                                             
          real estate acquisition costs included in accrued expenses
        		                                   -41,000 42,000   29,000 6,000 -9,859    
          offering costs included in accrued expenses
        		                                   -88,000 119,000         
          (increase) in accounts receivable
        		                                             
          (increase) in other assets
        		                                 -459,000            
          refund of outstanding debt
        		                                             
          real estate acquisitions, net of cash acquired
        		                                  -1,005,000 -12,455,000 -79,220,000         
          borrowings from mortgage notes payable and lines of credit
        		                                  0 48,872,000 52,918,000         
          distributions to non-controlling interests in operating partnership
        		                                  -814,000      -533,000     
          transfer of deferred offering costs to equity
        		                                             
          distributions payable, preferred units
        		                                  878,000 877,000 878,000  -1,167,943       
          issuance of common stock and equity from non-controlling interests in operating partnership in conjunction with acquisitions
        		                                  0 332,000 181,178,000         
          below market lease acquisitions
        		                                      -28,971       
          deferred offering costs included in accrued expenses
        		                                             
          net loss
        		                                   2,020,000 -2,001,000   1,318,000 -1,930,000     
          adjustments to reconcile net loss to net cash from operating activities:
        		                                             
          depreciation and depletion and other amortization
        		                                             
          dividends on preferred stock
        		                                             
          deferred offering costs recorded through equity in the period
        		                                             
          depreciation, depletion, and other amortization
        		                                    1,487,000         
          proceeds from initial public offering
        		                                           0 0 
          redemption of common stock
        		                                             
          contributions from member
        		                                           0 0 
          distributions to member
        		                                             
          refund on outstanding debt
        		                                             
          direct costs related to note receivable included in accrued expenses
        		                                             
          issuance of equity from non-controlling interests in operating partnership in conjunction with acquisitions
        		                                      -145,680,174 0 145,826,000     
          capitalization of deferred offering costs as a result of pending financing transactions
        		                                             
          accounts receivable acquired in acquisitions
        		                                           17,881  
          other assets acquired in business combination
        		                                         142,452    
          deferred offering costs
        		                                             
          distributions payable, common
        		                                        2,404,000     
          distributions payable, preferred
        		                                        283,000     
          deposits included in accrued expenses
        		                                          39,799   
          issuance of common stock in conjunction with acquisition
        		                                          712,743   
          dividends payable
        		                                         -241 1,129,879 106,445 390,334 
          distribution of accounts receivable to pittman hough farms
        		                                           0 -901,666 
          seller carry notes
        		                                             
          issuance of equity and contributions from redeemable non-controlling interests and
        		                                             
          non-controlling interest in operating partnership in conjunction with acquisitions
        		                                             
          cash acquired in business combination
        		                                           0 0 
          amortization of net origination fees related to note receivable
        		                                             
          origination fees on note receivable
        		                                             
          additions to construction in progress included in accrued expenses
        		                                             
          capitalization of deferred offering costs related to at-the-market offering
        		                                             
          capitalization of deferred offering costs as a result of pending financing transaction
        		                                             
          issuance of equity and contributions from redeemable non-controlling interests and non-controlling interests in operating partnership in conjunction with acquisitions
        		                                             
          below market lease acquired in acquisitions
        		                                             
          accounts receivable acquired in business combination
        		                                             
          amortization of deferred financing fees
        		                                          60,264 40,382 32,259 
          changes in operating assets and liabilities
        		                                             
          construction in progress
        		                                          -1,687,217   
          payment of financing fees
        		                                          -42,261   
          supplemental non-cash investing and financing transactions
        		                                             
          additions to irrigation improvements included in accrued expenses
        		                                          239,879   
          property tax liability acquired in acquisitions
        		                                          3,166 5,917 4,739 
          grain facilities construction
        		                                             
          irrigation equipment additions
        		                                             
          deposits on future acquisitions
        		                                             
          debt acquired in acquisitions
        		                                             
          accrued interest acquired in acquisitions
        		                                             
          real estate and related improvements acquired with equity
        		                                             
          distributions - to non-controlling interest in operating partnership
        		                                             
          transfer of deferred offering costs to equity, offset by deferred costs included in accrued expenses related to pending offering
        		                                            331,250