of $98,104 relating to our acquisitions made in the fourth quarter of 2014 (the second and larger tranche of Kimberly Vineyard and Falcon Farms), and $34,665 relating to our existing Golden Eagle Ranch property. Management and performance fees-related party increased by $865,409 due to highe

nts owned by us for the entirety of both periods presented. In the fourth quarter of 2014, we closed two acquisitions of permanent crop properties, Falcon Farms and a second and larger tranche for the Kimberly Vineyard property. OPERATING REVENUES: For the Six Months Ended June 30, $ Change Champ 2015

r 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 and the remaining amount of

h the revenues we received in 2013 were not meaningful) and in the fourth quarter of 2014, we closed two acquisitions of permanent crop properties, Falcon Farms (for which we received no revenues in 2014) and a second tranche for the Kimberly Vineyards property (for which the revenues we received in 2014 wer

nt auditors have not audited or reviewed 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 fourt