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

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 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

ewed these appraisals. Each property in our portfolio was most recently appraised as of June 30, 2015 other than Falcon Farms, the second parcel of Kimberly Vineyard, the second parcel of Golden Eagle Ranch and Kingfisher Ranch, all of which were acquired between the fourth quarter of 2014 and the date of this pr

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