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BUSINESS SEGMENT DATA - Summary of Operations in Different Segments (Details) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Business segment data      
Revenues $ 14,259,319 $ 23,497,243  
Operating Income 11,723,612 17,117,867  
Gain on Disposition of Assets 6,869,957 3,650,858  
Depreciation and Amortization 3,346,287 3,796,823  
Identifiable Assets 518,507,258   $ 556,329,872
Operating Segments      
Business segment data      
Operating Income 11,723,612 17,117,867  
Capital Expenditures 930,575 30,030,461  
General and Corporate Expense      
Business segment data      
Operating Income (5,847,907) (6,620,371)  
Income Properties      
Business segment data      
Revenues 10,724,418 9,205,727  
Depreciation and Amortization 3,339,856 3,787,415  
Identifiable Assets 472,412,073   492,093,615
Income Properties | Operating Segments      
Business segment data      
Operating Income 8,791,930 7,336,698  
Capital Expenditures 58,005 27,915,262  
Commercial Loan Investments      
Business segment data      
Revenues   300,999  
Commercial Loan Investments | Operating Segments      
Business segment data      
Operating Income   300,999  
Real Estate Operations      
Business segment data      
Revenues 3,534,901 13,990,517  
Identifiable Assets 35,045,459   35,287,559
Real Estate Operations | Operating Segments      
Business segment data      
Operating Income 1,909,632 12,449,683  
Capital Expenditures 870,509 2,111,983  
Golf Operations      
Business segment data      
Identifiable Assets 4,680,691   4,462,477
Golf Operations | Operating Segments      
Business segment data      
Capital Expenditures   2,663  
Corporate and Other      
Business segment data      
Depreciation and Amortization 6,431 9,408  
Identifiable Assets 6,369,035   $ 24,486,221
Corporate and Other | Operating Segments      
Business segment data      
Capital Expenditures $ 2,061 $ 553