Loans and Mortgages Payable (Tables)

12 Months Ended

Dec. 31, 2012

Loans and Mortgages Payable [Abstract]

Summary of mortgages payable

	At December 31, 2012				Balance at December 31,
Property	Due Date	Interest Rate			2012		2011
Allentown and Clinton Mobile Home Resort	02/01/17	LIBOR + 3.25%			$	11,112,757	$	-0-
Cedarcrest	04/01/21		5.125	%		9,275,010		9,417,680
Cranberry Village	12/01/18		6.8	%		2,894,029		2,990,316
D & R Village and Waterfalls Village	02/27/13		5.614	%		7,376,497		7,670,858
Fairview Manor	02/01/17		5.785	%		10,539,333		10,720,691
Forest Park Village	12/01/18		6.8	%		2,894,029		2,990,316
Heather Highlands	08/28/18	Prime + 1.0%				1,573,968		1,847,558
Highland Estates	09/01/17		6.175	%		9,738,702		9,887,460
Oxford Village	01/01/20		5.94	%		7,694,260		7,850,087
Port Royal Village	04/01/12		7.36	%		-0-		4,744,677
Sandy Valley Estates	07/01/12	LIBOR + 4.0%				-0-		2,031,946
Somerset Estates and Whispering Pines	02/26/19		4.89	%		1,044,107		1,185,835
Southwind Village	01/01/20		5.94	%		6,145,953		6,270,422
Suburban Estates and Sunny Acres	06/01/20		6.5	%		6,968,277		7,174,164
Twin Oaks	12/01/19		5.75	%		2,764,752		-0-
Various (5 properties)	01/01/22		4.25	%		15,236,831		15,500,000
Various (11 properties)	08/01/17	LIBOR + 3.0%				13,612,847		-0-
Total Mortgages Payable					$	108,871,352	$	90,282,010

Aggregate principal payments of all mortgages payable

Year Ended December 31,
2013	$	10,395,234
2014		3,160,904
2015		3,310,882
2016		7,640,277
2017		32,428,999
Thereafter		51,935,056
Total	$	108,871,352