Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Land, at cost	$ 947,899	$ 551,392
Grain facilities	11,463	6,856
Groundwater	12,107	11,933
Irrigation improvements	51,678	15,988
Drainage improvements	9,964	4,757
Permanent plantings	52,870	1,845
Other	8,245	2,901
Construction in progress	8,137	1,615
Real estate, at cost	1,102,363	597,287
Less accumulated depreciation	(10,285)	(3,224)
Total real estate, net	1,092,078	594,063
Deposits	239	5,721
Cash	53,536	47,166
Notes and interest receivable, net	9,760	2,843
Deferred offering costs	292	216
Deferred financing fees, net	348
Accounts receivable, net (See Note 1)	6,650	4,181
Inventory	126	283
Prepaid and other assets	3,057	1,056
TOTAL ASSETS	1,166,086	655,529
LIABILITIES
Mortgage notes, line of credit and bonds payable, net	514,071	308,779
Dividends and distributions payable	4,847	2,938
Accrued interest	3,193	1,538
Accrued property taxes	1,584	1,225
Deferred revenue (See Note 2)	3,907	982
Accrued expenses	2,800	4,558
Total liabilities	530,402	320,020
Commitments and contingencies (See Note 8)
Series B Participating Preferred Stock, $0.01 par value, 100,000,000 shares authorized; 6,037,500 shares issued and outstanding at December 31, 2017, and 0 shares issued and outstanding at December 31, 2016	144,223
Redeemable non-controlling interest in operating partnership, Series A preferred units	120,510	119,915
EQUITY
Common stock, $0.01 par value, 500,000,000 shares authorized; 33,334,849 shares issued and outstanding at December 31, 2017, and 17,351,446 shares issued and outstanding at December 31, 2016	329	172
Additional paid in capital	350,147	172,100
Retained earnings	5,161	4,103
Cumulative dividends	(31,199)	(14,473)
Non-controlling interests in operating partnership	46,513	53,692
Total equity	370,951	215,594
TOTAL LIABILITIES, SERIES B PARTICIPATING PREFERRED STOCK, REDEEMABLE NON-CONTROLLING INTEREST IN OPERATING PARTNERSHIP AND EQUITY	$ 1,166,086	$ 655,529