Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Land, at cost	$ 835,986	$ 551,392
Grain facilities	10,732	6,856
Groundwater	12,072	11,933
Irrigation improvements	50,660	15,988
Drainage improvements	8,146	4,757
Permanent plantings	51,868	1,845
Other	6,615	2,901
Construction in progress	7,843	1,615
Real estate, at cost	983,922	597,287
Less accumulated depreciation	(8,309)	(3,224)
Total real estate, net	975,613	594,063
Deposits	1,161	5,721
Cash	129,298	47,166
Notes and interest receivable, net	6,951	2,843
Deferred offering costs	280	216
Deferred financing fees, net	370
Accounts receivable, net	3,205	4,181
Inventory	92	283
Prepaid and other assets	2,746	1,056
TOTAL ASSETS	1,119,716	655,529
LIABILITIES
Mortgage notes, line of credit and bonds payable, net	464,494	308,779
Dividends and distributions payable	4,882	2,938
Accrued interest	2,886	1,538
Accrued property taxes	1,523	1,225
Deferred revenue (See Note 2)	3,876	982
Accrued expenses	3,525	4,558
Total liabilities	481,186	320,020
Series B Participating Preferred Stock	144,223
Redeemable non-controlling interests in operating partnership, preferred units	119,633	119,915
EQUITY
Common stock, $0.01 par value, 500,000,000 shares authorized; 32,632,150 shares issued and outstanding at September 30, 2017, and 17,351,446 shares issued and outstanding at December 31, 2016	322	172
Additional paid in capital	342,313	172,100
Retained earnings	2,665	4,103
Cumulative dividends	(26,948)	(14,473)
Non-controlling interests in operating partnership	56,322	53,692
Total equity	374,674	215,594
TOTAL LIABILITIES, SERIES B PARTICIPATING PREFERRED STOCK, REDEEMABLE NON-CONTROLLING INTERESTS IN OPERATING PARTNERSHIP AND EQUITY	$ 1,119,716	$ 655,529