XML 43 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
Securities Available for Sale at Fair Value (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Sep. 30, 2017
Schedule of Available-for-sale Securities [Line Items]          
Securities available for sale at fair value $ 144,630,426   $ 144,630,426   $ 123,764,770
Security available for sale, maximum percentage of investment on un depreciated assets     10.00%    
Total gross real estate investments 1,748,202,329   $ 1,748,202,329    
Marketable REIT securities investments     $ 144,630,426    
Percentage of undepreciated assets     8.30%    
Proceeds from sales or redemptions of securities available for sale     $ 2,508,046    
Gain on sale of securities available for sale 11,234 $ 0 111,387 $ 806,108  
Dividend income on investment in securities 2,885,821   5,748,465    
Purchase of securities available for sale     61,068,920 $ 29,305,625  
Net unrealized gains on securities portfolio (31,124,653)   (31,124,653)   $ 6,570,565
UMH Properties, Inc [Member] | Series B Cumulative Redeemable Preferred Stock [Member]          
Schedule of Available-for-sale Securities [Line Items]          
Securities available for sale at fair value 2,655,000   2,655,000    
Shares owned, cost $ 2,500,000   $ 2,500,000    
Available for sale securities, shares 100,000   100,000    
Dividend rate of preferred stock held as security for loan     8.00%    
UMH Properties, Inc [Member] | Common and Preferred Stock [Member]          
Schedule of Available-for-sale Securities [Line Items]          
Net unrealized gains on securities portfolio $ 4,061,363   $ 4,061,363    
UMH Properties, Inc [Member] | Common Stock [Member]          
Schedule of Available-for-sale Securities [Line Items]          
Securities available for sale at fair value $ 15,546,972   $ 15,546,972    
UMH common shares purchased during the quarter 31,041   31,041    
Cost of securities purchased $ 408,759   $ 408,759    
Dividend reinvestment and stock purchase plan cost, per share $ 13.17   $ 13.17    
Shares owned by company 1,159,357   1,159,357    
Shares owned, cost $ 11,640,610   $ 11,640,610