Combined Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Land, at cost	$ 534,389	$ 290,828
Grain facilities	5,447	4,830
Groundwater	8,401	6,333
Irrigation improvements	15,244	11,909
Drainage improvements	2,860	1,641
Permanent plantings	1,845	1,168
Other	1,363	913
Construction in progress	2,899	286
Real estate, at cost	572,448	317,908
Less accumulated depreciation	(2,353)	(1,671)
Total real estate, net	570,095	316,237
Deposits	1,134	765
Cash	32,464	23,514
Notes and interest receivable, net	2,815	2,812
Deferred offering costs	238	267
Accounts receivable, net	1,949	703
Inventory	390	249
Other	919	407
TOTAL ASSETS	610,004	344,954
LIABILITIES
Mortgage notes and bonds payable, net	297,289	187,074
Dividends payable	2,498	2,060
Accrued interest	1,478	681
Accrued property taxes	892	764
Deferred revenue (See Note 2)	8,795	4,854
Accrued expenses	2,357	1,292
Total liabilities	313,309	196,725
Commitments and contingencies (See Note 6 and Note 8)
Redeemable non-controlling interests in operating partnership, common units		9,695
Redeemable non-controlling interests in operating partnership, preferred units	118,170
EQUITY
Common stock, $0.01 par value, 500,000,000 shares authorized; 13,208,740 shares issued and outstanding at June 30, 2016, and 11,978,675 shares issued and outstanding at December 31, 2015	130	118
Additional paid in capital	130,138	114,783
Retained earnings	178	659
Cumulative dividends	(10,470)	(7,188)
Non-controlling interests in operating partnership	58,549	30,162
Total equity	178,525	138,534
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS IN OPERATING PARTNERSHIP AND EQUITY	$ 610,004	$ 344,954