CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
INCOME:
Rental and Related Income	$ 8,760,043	$ 7,930,210
Sales of Manufactured Homes	2,130,903	1,086,244
Total Income	10,890,946	9,016,454
EXPENSES:
Community Operating Expenses	4,794,270	4,234,976
Cost of Sales of Manufactured Homes	1,972,326	984,371
Selling Expenses	431,063	385,096
General and Administrative Expenses	1,254,094	966,053
Acquisition Costs	82,657
Depreciation Expense	1,609,291	1,395,634
Amortization of Financing Costs	65,913	77,283
Total Expenses	10,209,614	8,043,413
OTHER INCOME (EXPENSE):
Interest and Dividend Income	1,254,815	1,043,215
Gain on Securities Transactions, net	1,212,712	1,541,856
Other Income	19,404	13,894
Interest Expense	(1,431,698)	(1,455,706)
Total Other Income (Expense)	1,055,233	1,143,259
Income before Gain on Sales of Investment Property and Equipment	1,736,565	2,116,300
Gain on Sales of Investment Property and Equipment	13,132	8,564
Net Income	1,749,697	2,124,864
Preferred Dividend	690,319
Net Income Attributable to Common Shareholders	$ 1,059,378	$ 2,124,864
Basic Income Per Share:
Net Income (in dollars per share)	$ 0.11	$ 0.15
Less Preferred Dividend (in dollars per share)	$ 0.04
Net Income Attributable to Common Shareholders (in dollars per share)	$ 0.07	$ 0.15
Diluted Income Per Share:
Net Income (in dollars per share)	$ 0.11	$ 0.15
Less Preferred Dividend (in dollars per share)	$ 0.04
Net Income Attributable to Common Shareholders (in dollars per share)	$ 0.07	$ 0.15
Weighted Average Shares Outstanding:
Basic (in shares)	15,495,431	13,927,873
Diluted (in shares)	15,553,723	13,986,531