Epstein Secrets

of each spring planting season or if we utilize percentage rent clauses, in each case, such as the leases for Kimberly Vineyard, Blue Heron Farms, Quail Run Vineyard, Golden Eagle, Falcon Farms, Kingfisher Ranch and the mature portion of Condor Ranch, pursuant to which a portion of the rent is a fixed base rent a

t's farming revenues (such as our leases for Golden Eagle, Kimberly Vineyard, Blue Heron Farms, Falcon Farms, the mature portion of Condor Ranch and Quail Run Vineyard) and leases with terms greater than one year (which as of the date of this prospectus includes all of our leases except for Tillar Farm). We also m

the annual rent to be paid in advance of each spring planting season or if we utilize percentage rent clauses, in each case, such as the leases for Kimberly Vineyard, Blue Heron Farms, Quail Run Vineyard, Golden Eagle, Falcon Farms, Kingfisher Ranch and the mature portion of Condor Ranch, pursuant to which a por

s been included in the current lease. Since the property was nor owned during the period presented, contractual rent is not stated. 77 acres of our Quail Run Vineyard property are now under development. which has temporarily impacted the valuation of this property. Lease provides for oanual rent with (il a fixed c

r the first and second quarter of the following year. On December 9. 3314, we acquired a second farm that is adjutant to and will be aggregated with Kimberly Vineyard. This property consists of 175 pow acres, with 164 tillable acres. Thin property was acquired for • purchase price of approximareN $9.8 million. Sta

ith the 2015 crop season, the second acquisition property is leased to the same tenant, through a different corporate entity. who leases the initial Kimberly Vineyard and is also structured as a participating lease with a base rent. Because the property consists of two parcels purchased at different times. the parc

1.056 1.112 1562.472o 2.687.0370, 17.275.976 Nov-le Golden Eagle Ranch 2 . Almonds Mcrond. CA Aug-15 130 13$ _nu JAI 5.212.050 Nov-19 Quail Run Vineyard . . Wine graphs Monterey. CA Nov-12 223 240 369.491w 186.169e. 9.906397 Nov-16 Nue Heron Farms . Walnuts Kings CA Nov-13 3140 430 774.

g with the 2015 crop seam, the torrid acquisition property is leased to the mme tenant. through a different Corporate entity, who leases the initial Kimberly Vineyard and is also structured as a participating tease with a tom rent. Demure the properly consists of two weals purchased at different times. the parcels

the 2019 harvesO4 Golden Eagle Ranch. 1.195 5 years The lint to occur of 11i30/19 or one week after the last day of the 2019 almond harvest. Quail Run Vineyard: 145 2 years 10/31/16 Option to extend the lease term for an additional five years(5) Option to extend the lease term for an additkmal fi

ce for each property as of the date of this prospectus. IJ Leased lases by Property°. Acreage Term Renewal Rights Lease Type Permanent crops Kimberly Vineyard: 00 5 years later of 10/31/16 or one week Option to extend the after the last day of the 2016 lease term for an hater:M.120 additional fiv