Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Land, at cost	$ 822,189	$ 551,392
Grain facilities	8,518	6,856
Groundwater	12,072	11,933
Irrigation improvements	45,398	15,988
Drainage improvements	5,907	4,757
Permanent plantings	51,663	1,845
Other	6,564	2,901
Construction in progress	5,241	1,615
Real estate, at cost	957,552	597,287
Less accumulated depreciation	(4,555)	(3,224)
Total real estate, net	952,997	594,063
Deposits	333	5,721
Cash	6,363	47,166
Notes and interest receivable, net	4,247	2,843
Deferred offering costs	276	216
Deferred financing fees, net	413
Accounts receivable, net	2,960	4,181
Inventory	198	283
Prepaid and other assets	3,480	1,056
TOTAL ASSETS	971,267	655,529
LIABILITIES
Mortgage notes, line of credit and bonds payable, net	436,684	308,779
Dividends payable	4,991	2,938
Accrued interest	1,876	1,538
Accrued property taxes	1,410	1,225
Deferred revenue (See Note 2)	13,914	982
Accrued expenses	5,245	4,558
Total liabilities	464,120	320,020
Commitments and contingencies (See Note 8)
Redeemable non-controlling interests in operating partnership, preferred units	117,877	119,915
EQUITY
Common stock, $0.01 par value, 500,000,000 shares authorized; 32,448,311 shares issued and outstanding at March 31, 2017, and 17,351,446 shares issued and outstanding at December 31, 2016	321	172
Additional paid in capital	338,732	172,100
Retained earnings	1,599	4,103
Cumulative dividends	(18,610)	(14,473)
Non-controlling interests in operating partnership	67,228	53,692
Total equity	389,270	215,594
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS IN OPERATING PARTNERSHIP AND EQUITY	$ 971,267	$ 655,529