XML 32 R21.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Related-Party Transactions (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
Related Party Transactions [Abstract] |
Summary of Management Fees, Incentive Fees and Associated Credits and Administration Fees | The following table summarizes certain related-party fees paid or accrued for and reflected in our accompanying Condensed Consolidated Statements of Operations (dollars in thousands):
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Management fee(1)(2) | $ | 523 |  |  | $ | 385 |  |  | $ | 1,446 |  |  | $ | 1,158 |
Incentive fee(1)(2) | 261 |  |  | 22 |  |  | 688 |  |  | 181 |
Credits from voluntary, irrevocable waiver granted by Adviser’s board of directors(2)(3) | (54 | ) |  | — |  |  | (54 | ) |  | — |
Net fees due to our Adviser | $ | 730 |  |  | $ | 407 |  |  | $ | 2,080 |  |  | $ | 1,339 |
Administration fee(1)(2) | $ | 211 |  |  | $ | 184 |  |  | $ | 656 |  |  | $ | 575 |
Financing Fees to Gladstone Securities(4) | $ | 28 |  |  | $ | — |  |  | $ | 30 |  |  | $ | — |
(1) | Pursuant to the Advisory and Administration Agreements, respectively.
(2) | Reflected as a line item on our accompanying Condensed Consolidated Statements of Operations.
(3) | The credit received from our Advisor for the three and nine months ended September 30, 2017, was granted as a voluntary, irrevocable waiver to be applied against the incentive fee payable to the Advisor.
(4) | Included in Mortgage notes and bonds payable, net on the Condensed Consolidated Balance Sheets and amortized into Interest expense on the Condensed Consolidated Statements of Operations.
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 September 30, 2017, and December 31, 2016, were as follows (dollars in thousands):
|  | September 30, 2017 |  | December 31, 2016
Management fee due to Adviser |  | $ | 523 |  |  | $ | 384 |
Incentive fee due to Adviser |  | 261 |  |  | 169 |
Credits to fees due to Adviser(1) |  | (54 | ) |  | — |
Other due to Adviser(2) |  | 43 |  |  | 2 |
Total due to Adviser |  | 773 |  |  | 555 |
Administration fee due to Administrator |  | 211 |  |  | 202 |
Other due from Administrator(2) |  | — |  |  | (6 | )
Total due to Administrator |  | 211 |  |  | 196 |
Total due to related parties(3) |  | $ | 984 |  |  | $ | 751 |
(1) | The credit received from our Advisor for the three and nine months ended September 30, 2017, was granted as a voluntary, irrevocable waiver to be applied against the incentive fee payable to our Advisor.
(2) | Other fees due to or from related parties primarily relate to miscellaneous general and administrative expenses paid by our Adviser or Administrator on our behalf or by us on our Adviser's or Administrator's behalf.
(3) | 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