Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
ASSETS
Land, at cost	$ 834,953	$ 551,392
Grain facilities	8,489	6,856
Groundwater	12,072	11,933
Irrigation improvements	46,011	15,988
Drainage improvements	7,740	4,757
Permanent plantings	51,663	1,845
Other	6,608	2,901
Construction in progress	9,357	1,615
Real estate, at cost	976,893	597,287
Less accumulated depreciation	(6,419)	(3,224)
Total real estate, net	970,474	594,063
Deposits	99	5,721
Cash	29,422	47,166
Notes and interest receivable, net	5,960	2,843
Deferred offering costs	326	216
Deferred financing fees, net	391
Accounts receivable, net	3,293	4,181
Inventory	75	283
Prepaid and other assets	2,979	1,056
TOTAL ASSETS	1,013,019	655,529
LIABILITIES
Mortgage notes, line of credit and bonds payable, net	485,400	308,779
Dividends and distributions payable	4,998	2,938
Accrued interest	3,079	1,538
Accrued property taxes	1,574	1,225
Deferred revenue (See Note 2)	9,328	982
Accrued expenses	3,823	4,558
Total liabilities	508,202	320,020
Redeemable non-controlling interests in operating partnership, preferred units	118,755	119,915
EQUITY
Common stock, $0.01 par value, 500,000,000 shares authorized; 32,829,338 shares issued and outstanding at June 30, 2017, and 17,351,446 shares issued and outstanding at December 31, 2016	324	172
Additional paid in capital	342,891	172,100
Retained earnings	2,408	4,103
Cumulative dividends	(22,796)	(14,473)
Non-controlling interests in operating partnership	63,235	53,692
Total equity	386,062	215,594
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS IN OPERATING PARTNERSHIP AND EQUITY	$ 1,013,019	$ 655,529