Supplemental Cash Flow Information

3 Months Ended

Mar. 31, 2014

Supplemental Cash Flow Information [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 9 - SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid for interest during the three months ended March 31, 2014 and 2013 was $2,352,830 and $1,754,064, respectively.  Interest cost capitalized to Land Development was $63,971 and $69,976 for the three months ended March 31, 2014 and 2013, respectively.  

During the three months ended March 31, 2014, the Company assumed mortgages totaling approximately $18.1 million for the acquisition of 8 communities.

During the three months ended March 31, 2014 and 2013, the Company had Dividend Reinvestments of $452,312 and $341,016, respectively, which required no cash transfers.