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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 1,749,697 $ 2,124,864
Non-Cash Adjustments:    
Depreciation 1,609,291 1,395,634
Amortization of Financing Costs 65,913 77,283
Stock Compensation Expense 107,972 49,200
Increase in Provision for Uncollectible Notes and Other Receivables 100,939 99,000
Gain on Securities Transactions, net (1,212,712) (1,541,856)
Gain on Sales of Investment Property and Equipment (13,132) (8,564)
Changes in Operating Assets and Liabilities:    
Inventory of Manufactured Homes 650,283 251,386
Notes and Other Receivables 653,176 204,422
Prepaid Expenses and Other Assets (415,723) (215,362)
Accounts Payable (464,787) 86,798
Accrued Liabilities and Deposits (133,083) (154,106)
Tenant Security Deposits 57,668 7,267
Net Cash Provided by Operating Activities 2,755,502 2,375,966
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Manufactured Home Community (2,100,000)  
Purchase of Investment Property and Equipment (3,003,915) (824,268)
Proceeds from Sales of Assets 323,880 129,888
Additions to Land Development (72,340) (63,759)
Purchase of Securities Available for Sale (3,483,571) (4,698,619)
Proceeds from Sales of Securities Available for Sale 4,424,151 2,694,068
Net Cash Used in Investing Activities (3,911,795) (2,762,690)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Mortgages 11,400,000 9,520,000
Principal Payments of Mortgages and Loans (11,713,210) (6,237,451)
Financing Costs on Debt (234,520) (235,608)
Proceeds from Issuance of Common Stock, net of reinvestments 4,893,545 4,331,388
Preferred Dividends Paid (690,319)  
Dividends Paid, net of amount reinvested (2,468,650) (2,105,249)
Net Cash Provided by Financing Activities 1,186,846 5,273,080
NET INCREASE IN CASH AND CASH EQUIVALENTS 30,553 4,886,356
CASH & CASH EQUIVALENTS-BEGINNING 8,798,023 5,661,020
CASH & CASH EQUIVALENTS-ENDING $ 8,828,576 $ 10,547,376