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SUPPLEMENTAL CASH FLOW INFORMATION
3 Months Ended
Mar. 31, 2012
Supplemental Cash Flow Elements [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 10 - SUPPLEMENTAL CASH FLOW INFORMATION

 

Cash paid for interest during the three months ended March 31, 2012 and 2011 was $1,702,394 and $1,280,250, respectively.  Interest cost capitalized to Land Development was $69,827 and $71,817 for the three months ended March 31, 2012 and 2011, respectively.  

 

During the three months ended March 31, 2012 and 2011, the Company had dividend reinvestments of $341,218 and $418,315, respectively, which required no cash transfers.