Gladstone Land Corporation is an externally-managed, agricultural Real Estate Investment Trust (REIT). The Company is engaged in the business of owning and leasing farmland. The Company is engaged in leasing its farms to independent farming operations and corporate farming operations. As of December 31, 2014, the Company owns 8,370 acres consisted of 33 farms, 15 in California, nine in Florida, four in Michigan, four in Oregon and one in Arizona. The Company also owns three cooling facilities and one box barn. These properties are leased to 30 separate and unrelated tenants that are either corporate or independent farmers. The Company's business and real estate portfolio investments are managed by Gladstone Management Corporation.