XML 47 R19.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Related-Party Transactions (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Related Party Transactions [Abstract] |
Summary of Management Fees, Incentive Fees and Associated Credits and Administration Fees | The following table summarizes the management fees, incentive fees and associated credits and the administration fees reflected in our accompanying Condensed Consolidated Statements of Operations:
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Management fee(1)(2) |  | $ | 328,392 |  |  | $ | 236,531 |  |  | $ | 624,140 |  |  | $ | 477,495 |
Credit from voluntary, irrevocable waiver by Adviser’s board of directors(2)(3) |  |  | — |  |  |  | — |  |  |  | (320,905 | ) |  |  | — |
Net fee to our Adviser |  | $ | 328,392 |  |  | $ | 236,531 |  |  | $ | 303,235 |  |  | $ | 477,495 |
Administration fee(1)(2) |  | $ | 177,852 |  |  | $ | 65,047 |  |  | $ | 308,788 |  |  | $ | 131,205 |
(1) | Pursuant to the Advisory and Administration Agreements, respectively, which became effective on February 1, 2013.
(2) | Reflected as a line item on our accompanying Condensed Consolidated Statements of Operations.
(3) | The credit received from our Adviser for the six months ended June 30, 2015, was attributable to a finder’s fee earned by our Adviser in connection with a farm we acquired during the three months ended March 31, 2015, which fee was granted to us as a waiver to be applied against the fees we pay to our Adviser.
Details of Amounts Due to Related Parties on Our Accompanying Condensed Consolidated Balance Sheets | Amounts due to related parties on our accompanying Condensed Consolidated Balance Sheets as of June 30, 2015, and December 31, 2014, were as follows:
|  | As of 6/30/2015 |  |  | As of 12/31/2014 |
Management fee due to Adviser |  | $ | 624,140 |  |  | $ | 301,487 |
Credits to fees due to Adviser |  |  | (320,905 | ) |  |  | — |
Other due to Adviser(1) |  |  | 18,595 |  |  |  | 3,187 |
Total due to Adviser |  |  | 321,830 |  |  |  | 304,674 |
Administration fee due to Administrator |  |  | 308,788 |  |  |  | 166,427 |
Total due to Administrator |  |  | 308,788 |  |  |  | 166,427 |
Total due to related parties(2) |  | $ | 630,618 |  |  | $ | 471,101 |
(1) | Other fees due to related parties primarily relate to miscellaneous general and administrative expenses paid by our Adviser or Administrator on our behalf.
(2) | Reflected as a line item on our accompanying Condensed Consolidated Balance Sheets.

X
- Definition Schedule of related party transaction fees. + References No definition available. + Details
Name: | land_ScheduleOfRelatedPartyTransactionFeesTableTextBlock
Namespace Prefix: | land_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration