XML 36 R21.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Related-Party Transactions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 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 Consolidated Statements of Operations:
|  | For the Years Ended December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Management Fee: |  |  |  |  |  |  |  |  |  |  |  |
Allocated payroll and benefits |  | $ | — |  |  | $ | — |  |  | $ | 38,668 |
Allocated overhead expenses |  |  | — |  |  |  | — |  |  |  | 7,538 |
Prior management advisory fee(1) |  |  | — |  |  |  | — |  |  |  | 46,206 |
Amended base management fee(2) |  |  | 1,343,384 |  |  |  | 1,079,534 |  |  |  | 149,403 |
Total management fee(3) |  | $ | 1,343,384 |  |  | $ | 1,079,534 |  |  | $ | 195,609 |
Incentive Fee: |  |  |  |  |  |  |  |  |  |  |  |
Incentive Fee(3)(4) |  | $ | — |  |  | $ | — |  |  | $ | 41,037 |
Credit from voluntary, irrevocable waiver by Adviser’s board of directors(3) |  |  | (320,905 | )(4) |  |  | — |  |  |  | (41,037 | )(5)
Net incentive fee |  | $ | (320,905 | ) |  | $ | — |  |  | $ | — |
Administration Fee: |  |  |  |  |  |  |  |  |  |  |  |
Allocated payroll and benefits |  | $ | — |  |  | $ | — |  |  | $ | 14,034 |
Allocated overhead expenses |  |  | — |  |  |  | — |  |  |  | 4,498 |
Prior administration fee(1) |  |  | — |  |  |  | — |  |  |  | 18,532 |
Amended administration fee(2) |  |  | 679,590 |  |  |  | 442,584 |  |  |  | 175,932 |
Total administration fee(3) |  | $ | 679,590 |  |  | $ | 442,584 |  |  | $ | 194,464 |
(1) | Pursuant to the Prior Advisory and Administration Agreements, respectively, both of which were terminated on January 31, 2013.
(2) | Pursuant to the Amended Advisory and Administration Agreements, respectively, both of which became effective on February 1, 2013.
(3) | Reflected as a line item on our accompanying Consolidated Statements of Operations.
(4) | The credit received from our Adviser for the year ended December 31, 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 one-time, voluntary and irrevocable waiver to be applied against the fees we pay to our Adviser.
(5) | An incentive fee of $41,037 was paid to our Adviser for the three months ended March 31, 2013; however, during the three months ended June 30, 2013, our Adviser issued a one-time, voluntary and irrevocable waiver equal to the full amount of the incentive fee due and payable to the Adviser for the three months ended March 31, 2013.
Details of Amounts Due to Related Parties on Our Accompanying Condensed Consolidated Balance Sheets | Amounts due to related parties on our accompanying Consolidated Balance Sheets as of December 31, 2015 and 2014 were as follows:
|  | 2015 |  |  | 2014 |
Management fee due to Adviser |  | $ | 362,373 |  |  | $ | 301,487 |
Other due to Adviser(1) |  |  | 13,140 |  |  |  | 3,187 |
Total due to Adviser |  |  | 375,513 |  |  |  | 304,674 |
Administration fee due to Administrator |  |  | 190,080 |  |  |  | 166,427 |
Total due to Administrator |  |  | 190,080 |  |  |  | 166,427 |
Total due to related parties(2) |  | $ | 565,593 |  |  | $ | 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