CONSOLIDATED STATEMENTS OF INCOME (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
INCOME:
Rental and Related Income	$ 32,990,219	$ 27,877,470	$ 26,491,999
Sales of Manufactured Homes	6,323,135	6,133,494	5,527,253
Total Income	39,313,354	34,010,964	32,019,252
EXPENSES:
Community Operating Expenses	17,758,332	14,870,694	13,200,885
Cost of Sales of Manufactured Homes	5,747,963	5,721,977	5,060,631
Selling Expenses	2,104,077	1,718,719	1,198,921
General and Administrative	3,979,866	3,245,853	3,115,501
Loss Relating to Flood	984,701
Acquisition Costs	260,463	447,577
Depreciation Expense	5,962,338	4,516,026	4,082,124
Amortization of Financing Costs	376,918	210,054	253,020
Total Expenses	37,174,658	30,730,900	26,911,082
OTHER INCOME (EXPENSE):
Interest and Dividend Income	4,503,237	4,579,668	4,584,917
Gain (Loss) on Securities Transactions, net	2,692,649	3,931,880	(1,804,146)
Other Income	77,375	68,843	76,172
Interest Expense	(5,744,567)	(5,183,296)	(4,455,332)
Total Other Income (Expense)	1,528,694	3,397,095	(1,598,389)
Income Before Gain (Loss) on Sales ofInvestment Property and Equipment	3,667,390	6,677,159	3,509,781
Gain (Loss) on Sales of Investment Property and Equipment	28,873	(8,244)	179,607
Net Income	3,696,263	6,668,915	3,689,388
Less: Preferred Dividend	1,656,766
Net Income Attributable to Common Shareholders	$ 2,039,497	$ 6,668,915	$ 3,689,388
Basic Income Per Share:
Net Income (in dollars per share)	$ 0.25	$ 0.52	$ 0.32
Less: Preferred Dividend (in dollars per share)	$ (0.11)
Net Income Attributable to Common Shareholders (in dollars per share)	$ 0.14	$ 0.52	$ 0.32
Diluted Income Per Share:
Net Income (in dollars per share)	$ 0.25	$ 0.52	$ 0.32
Less: Preferred Dividend (in dollars per share)	$ (0.11)
Net Income Attributable to Common Shareholders (in dollars per share)	$ 0.14	$ 0.52	$ 0.32
Weighted Average Shares Outstanding:
Basic (in shares)	14,506,679	12,767,904	11,412,536
Diluted (in shares)	14,562,018	12,822,644	11,417,664