currently , 101 of our farms are leased on a pure , triple-net basis , 33 farms are leased on a partial-net basis ( with us , as landlord , responsible for all or a portion of the related property taxes ) , and 3 farms are leased on a single-net basis ( with us , as landlord , responsible for the related property taxes , as well as certain maintenance , repairs , and insurance costs ) . additionally , 40 of our farms are leased under agreements that include a variable rent component , called “ participation rents , ” that are based on the gross revenues earned on the respective farms . lease expirations agricultural leases are often shorter term in nature ( relative to leases of other types of real estate assets ) , so in any given year , we may have multiple leases up for extension or renewal . the following table summarizes the lease expirations by year for the farms owned and with leases in place as of december 31 , 2020 ( dollars in thousands ) : replace_table_token_3_th ( 1 ) certain lease agreements encompass multiple farms . ( 2 ) includes three leases that were renewed subsequent to december 31 , 2020 ( see “ recent developments—portfolio activity—existing properties—leasing activity ” below for a summary of these and other recent leasing activities ) . 36 ( 3 ) consists of ancillary leases ( e.g . , oil , gas , and mineral leases , telecommunications leases , etc . ) with varying expirations on certain of our farms . in addition , includes a net amount of approximately $ 2.8 million of lease revenue recorded as a result of an early lease termination on one of our properties ( see below , under “ recent developments—portfolio activity—existing properties—leasing activity—lease termination , ” for additional information ) . we currently have one agricultural lease scheduled to expire within the next six months on a farm in california . we are currently in negotiations with the existing tenant on the farm , as well as other potential tenants , and we anticipate being able to renew the lease at its current market rental rate without incurring any downtime on the farm . we currently anticipate the rental rate on this lease renewal to be relatively flat compared to that of the existing lease . regarding all upcoming lease expirations , there can be no assurance that we will be able to renew the existing leases or execute new leases at rental rates favorable to us , if at all , or be able to find replacement tenants , if necessary . recent developments portfolio activity property acquisitions since january 1 , 2020 , through the date of this filing , we have acquired 26 farms , which are summarized in the table below ( dollars in thousands , except for footnotes ) : replace_table_token_4_th ( 1 ) includes approximately $ 75,000 of aggregate external legal fees associated with negotiating and originating the leases associated with these acquisitions , which were expensed in the period incurred . ( 2 ) annualized straight-line rent is based on the minimum cash rental payments guaranteed under the respective leases , as required under gaap , and excludes contingent rental payments , such as participation rents . ( 3 ) the lease provides for an initial term of 14.7 years and includes six tenant termination options throughout the initial term . the lease term stated above represents the term through the first available termination option , and the annualized straight-line rent amount represents the rent guaranteed through the noncancellable term of the lease . ( 4 ) lease provides for an annual participation rent component based on the gross crop revenues earned on the farm . the rent figure above represents only the minimum cash guaranteed under the lease . ( 5 ) lease provides for an initial term of 8.2 years but also includes an annual tenant termination option should the tenant become physically unable to continue farming operations on the property , effective as of the end of the then-current lease year ( as defined within the lease ) . the lease term stated above represents the term through the first available termination option , and the annualized straight-line rent amount represents the rent guaranteed through the noncancellable term of the lease . ( 6 ) in connection with the acquisition of this property , we also acquired an ownership interest in a related llc , the sole purpose of which is to own and maintain a pipeline conveying water to this and other neighboring properties . our acquired ownership , which equated to a 12.5 % interest in the llc , was valued at approximately $ 280,000 at the time of acquisition and is included within other assets , net on the accompanying consolidated balance sheets . see “ investments in unconsolidated entities ” below for further information on our aggregate ownership interest in this llc . 37 ( 7 ) lease provides for an initial term of 3.1 years but also includes an annual tenant termination option should the tenant become physically unable to continue farming operations on the property , effective as of the end of the then-current lease year ( as defined within the lease ) . the lease term stated above represents the term through the first available termination option , and the annualized straight-line rent amount represents the rent guaranteed through the noncancellable term of the lease . ( 8 ) in connection with the acquisition of this property , we also acquired an ownership interest in a related llc , the sole purpose of which is to own and maintain a pipeline conveying water to this and other neighboring properties . story_separator_special_tag the primary series c offering will terminate on the date ( the “ series c termination date ” ) that is the earlier of either june 1 , 2025 ( unless terminated earlier or extended by our board of directors ) , or the date on which all 20,000,000 shares in the primary series c offering are sold . there is currently no public market for shares of the series c preferred stock ; however , we intend to apply to list the series c preferred stock on nasdaq or another national securities exchange within one calendar year after the series c termination date , though there can be no assurance that a listing will be achieved in such timeframe , or at all . common stock follow-on offering 41 in october 2020 , we completed a public offering of our common stock . the following table summarizes the details of the offering , including the underwriters ' full exercise of the over-allotment option in connection with the offering ( dollars in thousands , except per-share amounts ) : number of shares sold weighted-average offering price per share gross proceeds net proceeds ( 1 ) 1,897,500 $ 14.40 $ 27,324 $ 26,094 ( 1 ) net of underwriter discounts and commissions . at-the-market program on may 12 , 2020 , we terminated the prior atm program ( as defined in note 8 , “ equity—equity issuances—common stock—at-the-market-program , ” within the accompanying notes to our consolidated financial statements ) and entered into new equity distribution agreements with virtu americas , llc , and ladenburg thalmann & co. , inc. ( each a “ sales agent ” ) , under which we may issue and sell , from time to time and through the new sales agents , shares of our common stock having an aggregate offering price of up to $ 100.0 million ( the “ current atm program , ” and collectively with the prior atm program , the “ atm programs ” ) . the following table summarizes the activity under the atm programs from january 1 , 2020 , through the date of this filing ( dollars in thousands ) : number of shares sold weighted-average offering price per share gross proceeds net proceeds ( 1 ) 3,620,706 $ 14.77 $ 53,466 $ 52,930 ( 1 ) net of underwriter commissions and discounts . covid-19 the extent to which the covid-19 pandemic may impact our business , financial condition , liquidity , results of operations , funds from operations , or prospects will depend on numerous evolving factors that we are not be able to predict at this time , including the duration and long-term scope of the pandemic ; the adequate production and distribution of vaccinations ; governmental , business , and individuals ' actions that have been and continue to be taken in response to the pandemic ; the impact on economic activity from the pandemic and actions taken in response ; the effect on our tenants and their farming operations ; the ability of our tenants to make their rental payments ; any closures of our tenants ' operations ; and our ability to secure debt financing , service future debt obligations , or pay distributions to our stockholders . any of these events could materially adversely impact our business , financial condition , liquidity , results of operations , funds from operations , or prospects . during 2020 , we granted short-term rent extensions to two tenants who owed semi-annual rental payments totaling approximately $ 340,000. additional time was granted to these tenants due to delays in payments owed to them from their respective processors , which were primarily caused by the strict government-mandated lockdowns in the state of michigan in response to covid-19 . these rental payments were collected in full during the year ended december 31 , 2020 , and we have not received any further requests from tenants seeking relief as a result of covid-19 ; however , no assurances can be made that we will not receive additional rent deferral or modification requests in the future . libor transition the majority of our debt is at fixed rates , and we currently have very limited exposure to variable-rate debt based upon the london interbank offered rate ( “ libor ” ) , which is anticipated to be phased out during late 2021 or early 2022. libor is currently expected to transition to a new standard rate , the secured overnight financing rate ( “ sofr ” ) , which will incorporate certain overnight repo market data collected from multiple data sets . the current intent is to adjust the sofr to minimize the differences between the interest that a borrower would be paying using libor versus what it will be paying sofr . we are currently monitoring the transition and can not yet assess whether sofr will become a standard rate for variable-rate debt . our lines of credit with metlife and three term loans with rabo ( which are effectively fixed through our entry into interest swap agreements ) are currently based upon one-month libor . as such , we expect we will need to renegotiate these agreements in the future . assuming that sofr replaces libor and is appropriately adjusted , we currently expect the transition to result in a minimal impact to our overall operations . our adviser and administrator we are externally managed pursuant to contractual arrangements with our adviser and our administrator ( both affiliates of ours ) , which collectively employ all of our personnel and pay their salaries , benefits , and general expenses directly . the 42 investment advisory agreement with our adviser that was in effect through march 31 , 2017 , and the current administration agreement with our administrator ( the “ administration agreement ” ) each became effective february 1 , 2013. the advisory agreement with our adviser that was in effect through june 30 , 2019 (

cash flow resources the following table summarizes total net cash flows for operating , investing , and financing activities for the years ended december 31 , 2020 and 2019 ( dollars in thousands ) : replace_table_token_13_th operating activities the majority of cash from operating activities is generated from the rental payments we receive from our tenants , which is first used to fund our property-level operating expenses , with any excess cash being primarily used for principal and interest payments on our borrowings , management fees to our adviser , administrative fees to our administrator , and other corporate-level expenses . cash provided by operating activities increased for the year ended december 31 , 2020 , as compared to the prior year , primarily due to additional rental payments received from recent acquisitions and an early lease termination payment of approximately $ 3.0 million received from the outgoing tenant on four of our farms in arizona , partially offset by increases in the amount of fees paid to our adviser and interest payments made . investing activities the increase in cash used in investing activities for the year ended december 31 , 2020 , as compared to the prior-year period , was primarily due to an increase in aggregate cash paid for acquisitions of new farms and capital improvements on existing farms during the year ended december 31 , 2020 , which was approximately $ 10.2 million more than the prior year .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flow resources the following table summarizes total net cash flows for operating , investing , and financing activities for the years ended december 31 , 2020 and 2019 ( dollars in thousands ) : replace_table_token_13_th operating activities the majority of cash from operating activities is generated from the rental payments we receive from our tenants , which is first used to fund our property-level operating expenses , with any excess cash being primarily used for principal and interest payments on our borrowings , management fees to our adviser , administrative fees to our administrator , and other corporate-level expenses . cash provided by operating activities increased for the year ended december 31 , 2020 , as compared to the prior year , primarily due to additional rental payments received from recent acquisitions and an early lease termination payment of approximately $ 3.0 million received from the outgoing tenant on four of our farms in arizona , partially offset by increases in the amount of fees paid to our adviser and interest payments made . investing activities the increase in cash used in investing activities for the year ended december 31 , 2020 , as compared to the prior-year period , was primarily due to an increase in aggregate cash paid for acquisitions of new farms and capital improvements on existing farms during the year ended december 31 , 2020 , which was approximately $ 10.2 million more than the prior year .
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 Suspicious Activity Report : currently , 101 of our farms are leased on a pure , triple-net basis , 33 farms are leased on a partial-net basis ( with us , as landlord , responsible for all or a portion of the related property taxes ) , and 3 farms are leased on a single-net basis ( with us , as landlord , responsible for the related property taxes , as well as certain maintenance , repairs , and insurance costs ) . additionally , 40 of our farms are leased under agreements that include a variable rent component , called “ participation rents , ” that are based on the gross revenues earned on the respective farms . lease expirations agricultural leases are often shorter term in nature ( relative to leases of other types of real estate assets ) , so in any given year , we may have multiple leases up for extension or renewal . the following table summarizes the lease expirations by year for the farms owned and with leases in place as of december 31 , 2020 ( dollars in thousands ) : replace_table_token_3_th ( 1 ) certain lease agreements encompass multiple farms . ( 2 ) includes three leases that were renewed subsequent to december 31 , 2020 ( see “ recent developments—portfolio activity—existing properties—leasing activity ” below for a summary of these and other recent leasing activities ) . 36 ( 3 ) consists of ancillary leases ( e.g . , oil , gas , and mineral leases , telecommunications leases , etc . ) with varying expirations on certain of our farms . in addition , includes a net amount of approximately $ 2.8 million of lease revenue recorded as a result of an early lease termination on one of our properties ( see below , under “ recent developments—portfolio activity—existing properties—leasing activity—lease termination , ” for additional information ) . we currently have one agricultural lease scheduled to expire within the next six months on a farm in california . we are currently in negotiations with the existing tenant on the farm , as well as other potential tenants , and we anticipate being able to renew the lease at its current market rental rate without incurring any downtime on the farm . we currently anticipate the rental rate on this lease renewal to be relatively flat compared to that of the existing lease . regarding all upcoming lease expirations , there can be no assurance that we will be able to renew the existing leases or execute new leases at rental rates favorable to us , if at all , or be able to find replacement tenants , if necessary . recent developments portfolio activity property acquisitions since january 1 , 2020 , through the date of this filing , we have acquired 26 farms , which are summarized in the table below ( dollars in thousands , except for footnotes ) : replace_table_token_4_th ( 1 ) includes approximately $ 75,000 of aggregate external legal fees associated with negotiating and originating the leases associated with these acquisitions , which were expensed in the period incurred . ( 2 ) annualized straight-line rent is based on the minimum cash rental payments guaranteed under the respective leases , as required under gaap , and excludes contingent rental payments , such as participation rents . ( 3 ) the lease provides for an initial term of 14.7 years and includes six tenant termination options throughout the initial term . the lease term stated above represents the term through the first available termination option , and the annualized straight-line rent amount represents the rent guaranteed through the noncancellable term of the lease . ( 4 ) lease provides for an annual participation rent component based on the gross crop revenues earned on the farm . the rent figure above represents only the minimum cash guaranteed under the lease . ( 5 ) lease provides for an initial term of 8.2 years but also includes an annual tenant termination option should the tenant become physically unable to continue farming operations on the property , effective as of the end of the then-current lease year ( as defined within the lease ) . the lease term stated above represents the term through the first available termination option , and the annualized straight-line rent amount represents the rent guaranteed through the noncancellable term of the lease . ( 6 ) in connection with the acquisition of this property , we also acquired an ownership interest in a related llc , the sole purpose of which is to own and maintain a pipeline conveying water to this and other neighboring properties . our acquired ownership , which equated to a 12.5 % interest in the llc , was valued at approximately $ 280,000 at the time of acquisition and is included within other assets , net on the accompanying consolidated balance sheets . see “ investments in unconsolidated entities ” below for further information on our aggregate ownership interest in this llc . 37 ( 7 ) lease provides for an initial term of 3.1 years but also includes an annual tenant termination option should the tenant become physically unable to continue farming operations on the property , effective as of the end of the then-current lease year ( as defined within the lease ) . the lease term stated above represents the term through the first available termination option , and the annualized straight-line rent amount represents the rent guaranteed through the noncancellable term of the lease . ( 8 ) in connection with the acquisition of this property , we also acquired an ownership interest in a related llc , the sole purpose of which is to own and maintain a pipeline conveying water to this and other neighboring properties . story_separator_special_tag the primary series c offering will terminate on the date ( the “ series c termination date ” ) that is the earlier of either june 1 , 2025 ( unless terminated earlier or extended by our board of directors ) , or the date on which all 20,000,000 shares in the primary series c offering are sold . there is currently no public market for shares of the series c preferred stock ; however , we intend to apply to list the series c preferred stock on nasdaq or another national securities exchange within one calendar year after the series c termination date , though there can be no assurance that a listing will be achieved in such timeframe , or at all . common stock follow-on offering 41 in october 2020 , we completed a public offering of our common stock . the following table summarizes the details of the offering , including the underwriters ' full exercise of the over-allotment option in connection with the offering ( dollars in thousands , except per-share amounts ) : number of shares sold weighted-average offering price per share gross proceeds net proceeds ( 1 ) 1,897,500 $ 14.40 $ 27,324 $ 26,094 ( 1 ) net of underwriter discounts and commissions . at-the-market program on may 12 , 2020 , we terminated the prior atm program ( as defined in note 8 , “ equity—equity issuances—common stock—at-the-market-program , ” within the accompanying notes to our consolidated financial statements ) and entered into new equity distribution agreements with virtu americas , llc , and ladenburg thalmann & co. , inc. ( each a “ sales agent ” ) , under which we may issue and sell , from time to time and through the new sales agents , shares of our common stock having an aggregate offering price of up to $ 100.0 million ( the “ current atm program , ” and collectively with the prior atm program , the “ atm programs ” ) . the following table summarizes the activity under the atm programs from january 1 , 2020 , through the date of this filing ( dollars in thousands ) : number of shares sold weighted-average offering price per share gross proceeds net proceeds ( 1 ) 3,620,706 $ 14.77 $ 53,466 $ 52,930 ( 1 ) net of underwriter commissions and discounts . covid-19 the extent to which the covid-19 pandemic may impact our business , financial condition , liquidity , results of operations , funds from operations , or prospects will depend on numerous evolving factors that we are not be able to predict at this time , including the duration and long-term scope of the pandemic ; the adequate production and distribution of vaccinations ; governmental , business , and individuals ' actions that have been and continue to be taken in response to the pandemic ; the impact on economic activity from the pandemic and actions taken in response ; the effect on our tenants and their farming operations ; the ability of our tenants to make their rental payments ; any closures of our tenants ' operations ; and our ability to secure debt financing , service future debt obligations , or pay distributions to our stockholders . any of these events could materially adversely impact our business , financial condition , liquidity , results of operations , funds from operations , or prospects . during 2020 , we granted short-term rent extensions to two tenants who owed semi-annual rental payments totaling approximately $ 340,000. additional time was granted to these tenants due to delays in payments owed to them from their respective processors , which were primarily caused by the strict government-mandated lockdowns in the state of michigan in response to covid-19 . these rental payments were collected in full during the year ended december 31 , 2020 , and we have not received any further requests from tenants seeking relief as a result of covid-19 ; however , no assurances can be made that we will not receive additional rent deferral or modification requests in the future . libor transition the majority of our debt is at fixed rates , and we currently have very limited exposure to variable-rate debt based upon the london interbank offered rate ( “ libor ” ) , which is anticipated to be phased out during late 2021 or early 2022. libor is currently expected to transition to a new standard rate , the secured overnight financing rate ( “ sofr ” ) , which will incorporate certain overnight repo market data collected from multiple data sets . the current intent is to adjust the sofr to minimize the differences between the interest that a borrower would be paying using libor versus what it will be paying sofr . we are currently monitoring the transition and can not yet assess whether sofr will become a standard rate for variable-rate debt . our lines of credit with metlife and three term loans with rabo ( which are effectively fixed through our entry into interest swap agreements ) are currently based upon one-month libor . as such , we expect we will need to renegotiate these agreements in the future . assuming that sofr replaces libor and is appropriately adjusted , we currently expect the transition to result in a minimal impact to our overall operations . our adviser and administrator we are externally managed pursuant to contractual arrangements with our adviser and our administrator ( both affiliates of ours ) , which collectively employ all of our personnel and pay their salaries , benefits , and general expenses directly . the 42 investment advisory agreement with our adviser that was in effect through march 31 , 2017 , and the current administration agreement with our administrator ( the “ administration agreement ” ) each became effective february 1 , 2013. the advisory agreement with our adviser that was in effect through june 30 , 2019 (

