Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2014

Supplemental Cash Flow Information [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 9 - SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid for interest during the nine months ended September 30, 2014 and 2013 was $7,833,953 and $6,038,861, respectively.  Interest cost capitalized to Land Development was $194,273 and $215,865 for the nine months ended September 30, 2014 and 2013, respectively.  

During the nine months ended September 30, 2014, the Company assumed mortgages totaling approximately $26.7 million for the acquisition of 12 communities.

During the nine months ended September 30, 2014 and 2013, the Company had Dividend Reinvestments of $1,373,684 and $1,395,927, respectively, which required no cash transfers.