Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2014

Supplemental Cash Flow and Comprehensive Income (Loss) Information [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 14 – SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid for interest during the years ended December 31, 2014, 2013 and 2012 was $10,832,747, $8,185,305 and $4,715,898, respectively.

During the years ended December 31, 2014 and 2013, the Company assumed mortgages totaling approximately $26.7 million and $7.7 million for the acquisition of communities.

During the years ended December 31, 2014, 2013 and 2012, land development costs of $100,372, $77,562 and $85,193, respectively were transferred to investment property and equipment and placed in service.

During the years ended December 31, 2014, 2013 and 2012, the Company had dividend reinvestments of $1,858,491, $1,861,987 and $1,390,899, respectively which required no cash transfers.