XML 65 R51.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Subsequent Events - Additional Information (Detail) |  |  |  |  |  | 3 Months Ended | 9 Months Ended |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Oct. 13, 2016 USD ($) a option | Oct. 11, 2016 | Oct. 05, 2016 USD ($) Property | Jul. 05, 2016 USD ($) | Jul. 01, 2016 Farm | Sep. 30, 2016 USD ($) a | Sep. 30, 2015 USD ($) a | Sep. 30, 2016 USD ($) a Farm | Sep. 30, 2015 USD ($) a | Dec. 31, 2015 USD ($)
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Note payable, outstanding |  |  |  |  |  | $ 190,379,624 |  | $ 190,379,624 |  | $ 141,678,935
Rental income |  |  |  |  |  | $ 4,467,217 | $ 3,080,240 | $ 12,388,303 | $ 8,483,023 |
Number of farms acquired | Farm |  |  |  |  |  |  |  | 6 |  |
Area of real estate property | a |  |  |  |  |  | 33,800 | 14,880 | 33,800 | 14,880 |
Settlement payment |  |  |  | $ 164,000 |  |  |  |  |  |
Settlement interest |  |  |  | $ 4,000 |  |  |  |  |  |
2016 New Real Estate Activity [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Rental income |  |  |  |  |  | $ 769,171 |  | $ 1,474,688 |  |
Area of real estate property | a |  |  |  |  |  | 16,988 |  | 16,988 |  |
Total Purchase Price |  |  |  |  |  |  |  | $ 81,557,106 |  |
Annualized straight-line cash rent |  |  |  |  |  |  |  | $ 4,331,713 |  |
Subsequent Event [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Debt instrument, fee amount |  |  | $ 225,000 |  |  |  |  |  |  |
Two Thousand Sixteen MetLife Term Note [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Loans to value ratios percentage |  |  |  |  |  |  |  | 58.00% |  |
Two Thousand Sixteen MetLife Term Note [Member] | Subsequent Event [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Note payable, outstanding |  |  | 21,600,000.0 |  |  |  |  |  |  |
Line of credit, carrying value |  |  | $ 50,000,000 |  |  |  |  |  |  |
Line of credit facility, unused capacity, commitment fee percentage |  |  | 0.20% |  |  |  |  |  |  |
Properties pledged as collateral | Property |  |  | 3 |  |  |  |  |  |  |
Line of credit, increase in borrowing capacity |  |  | $ 28,300,000 |  |  |  |  |  |  |
Loans to value ratios percentage |  |  | 60.00% |  |  |  |  |  |  |
MetLife Line of Credit [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Maturity Date |  |  |  |  |  |  |  | Apr. 05, 2024 |  |
MetLife Line of Credit [Member] | Subsequent Event [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Repayments of long-term debt |  |  | $ 21,000,000 |  |  |  |  |  |  |
Two Thousand Sixteen MetLife Line of Credit [Member] | Subsequent Event [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Line of credit, carrying value |  |  | $ 25,000,000 |  |  |  |  |  |  |
Two Thousand Fifteen MetLife Term Note [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Stated interest rate |  |  |  |  |  | 19.00% |  | 19.00% |  |
Two Thousand Fifteen MetLife Term Note [Member] | Subsequent Event [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Debt instrument extension of fixed rate term |  | 76 months |  |  |  |  |  |  |  |
Extension of draw period term |  | 1 year |  |  |  |  |  |  |  |
Farm Credit CFL Mortgage Notes Payable [Member] | Subsequent Event [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Repayment of loans | $ 3,900,000 |  |  |  |  |  |  |  |  |
Maturity Date | Nov. 01, 2041 |  |  |  |  |  |  |  |  |
California [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Number of farms acquired | Farm |  |  |  |  | 1 |  |  |  |  |
California [Member] | Subsequent Event [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Area of real estate property | a | 197 |  |  |  |  |  |  |  |  |
Total Purchase Price | $ 6,500,000 |  |  |  |  |  |  |  |  |
Lease expiration period | 10 years |  |  |  |  |  |  |  |  |
Extendable lease period | 5 years |  |  |  |  |  |  |  |  |
Annualized straight-line cash rent | $ 325,000 |  |  |  |  |  |  |  |  |
Central Avenue [Member] | Subsequent Event [Member] | 2016 New Real Estate Activity [Member] | Fresno, CA [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Lessee leasing arrangement lease renewal options | option | 2 |  |  |  |  |  |  |  |  |
London Interbank Offered Rate (LIBOR) [Member] | Two Thousand Sixteen MetLife Line of Credit [Member] | Subsequent Event [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Percentage added to LIBOR |  |  | 2.25% |  |  |  |  |  |  |
Line of credit facility, unused capacity, commitment fee percentage |  |  | 0.20% |  |  |  |  |  |  |
Minimum [Member] | Farm Credit CFL Mortgage Notes Payable [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Maturity Date |  |  |  |  |  |  |  | Oct. 01, 2016 |  |

X
- Definition Annualized straight line rent escalations. + References No definition available. + Details
Name: | land_AnnualizedStraightLineRentEscalations
Namespace Prefix: | land_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Debt instrument extension of draw period term. + References No definition available. + Details
Name: | land_DebtInstrumentExtensionOfDrawPeriodTerm
Namespace Prefix: | land_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt instrument extension of fixed rate term. + References No definition available. + Details
Name: | land_DebtInstrumentExtensionOfFixedRateTerm
Namespace Prefix: | land_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Interest Rate, Changes in Stated Percentage + References No definition available. + Details
Name: | land_DebtInstrumentInterestRateChangesinStatedPercentage
Namespace Prefix: | land_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Loans To Value Ratios Percentage + References No definition available. + Details
Name: | land_DebtInstrumentLoansToValueRatiosPercentage
Namespace Prefix: | land_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Extendable Lease Period + References No definition available. + Details
Name: | land_ExtendableLeasePeriod
Namespace Prefix: | land_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Lease expiration period. + References No definition available. + Details
Name: | land_LeaseExpirationPeriod
Namespace Prefix: | land_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Lessee Leasing Arrangement Lease Renewal Options + References No definition available. + Details
Name: | land_LesseeLeasingArrangementLeaseRenewalOptions
Namespace Prefix: | land_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Increase in Borrowing Capacity + References No definition available. + Details
Name: | land_LineOfCreditFacilityIncreaseinBorrowingCapacity
Namespace Prefix: | land_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line of Credit Facility, Additional Properties Pledged as Collateral + References No definition available. + Details
Name: | land_LineofCreditFacilityAdditionalPropertiesPledgedasCollateral
Namespace Prefix: | land_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of farms acquired. + References No definition available. + Details
Name: | land_NumberOfFarmsAcquired
Namespace Prefix: | land_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Repayment Of Loans + References No definition available. + Details
Name: | land_RepaymentOfLoans
Namespace Prefix: | land_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Area of a real estate property. + References No definition available. + Details
Name: | us-gaap_AreaOfRealEstateProperty
Namespace Prefix: | us-gaap_
Data Type: | num:areaItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6578-128477 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6613-128477 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferred1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of the fee that accompanies borrowing money under the debt instrument. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentFeeAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentMaturityDate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of judgment or settlement awarded to (against) the entity in respect of litigation. + References No definition available. + Details
Name: | us-gaap_LitigationSettlementAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Interest expense (income) directly attributable to an award in settlement of litigation. + References No definition available. + Details
Name: | us-gaap_LitigationSettlementInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7501430&loc=d3e39896-112707 + Details
Name: | us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3291-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 + Details
Name: | us-gaap_RepaymentsOfLongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. + References No definition available. + Details
Name: | us-gaap_SubsequentEventLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=land_TwoThousandSixteenNewRealEstateActivityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=land_TwoThousandSixteenMetLifeTermNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=land_MetLifeLineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=land_TwoThousandSixteenMetLifeLineofCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=land_TwoThousandFifteenMetLifeTermNoteMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=land_FarmCreditMortgageNotesPayableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RealEstatePropertiesAxis=stpr_CA
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RealEstatePropertiesAxis=land_CentralAvenueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementGeographicalAxis=land_FresnoCAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |