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Consolidated Statements of Income (Loss) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
INCOME:      
Rental and Related Income $ 63,886,010us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue $ 53,477,893us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue $ 38,012,231us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue
Sales of Manufactured Homes 7,545,923us-gaap_HomeBuildingRevenue 8,727,214us-gaap_HomeBuildingRevenue 8,815,533us-gaap_HomeBuildingRevenue
Total Income 71,431,933us-gaap_RealEstateRevenueNet 62,205,107us-gaap_RealEstateRevenueNet 46,827,764us-gaap_RealEstateRevenueNet
EXPENSES:      
Community Operating Expenses 33,592,327us-gaap_OtherCostAndExpenseOperating 29,140,920us-gaap_OtherCostAndExpenseOperating 20,564,286us-gaap_OtherCostAndExpenseOperating
Cost of Sales of Manufactured Homes 5,832,540us-gaap_HomeBuildingCosts 7,204,410us-gaap_HomeBuildingCosts 7,903,678us-gaap_HomeBuildingCosts
Selling Expenses 2,983,376us-gaap_SellingExpense 1,985,834us-gaap_SellingExpense 2,152,701us-gaap_SellingExpense
General and Administrative 6,465,973us-gaap_GeneralAndAdministrativeExpense 6,541,224us-gaap_GeneralAndAdministrativeExpense 5,374,516us-gaap_GeneralAndAdministrativeExpense
Acquisition Costs 483,522us-gaap_BusinessCombinationIntegrationRelatedCosts 1,455,542us-gaap_BusinessCombinationIntegrationRelatedCosts 862,169us-gaap_BusinessCombinationIntegrationRelatedCosts
Depreciation Expense 15,163,420us-gaap_Depreciation 11,681,724us-gaap_Depreciation 7,357,158us-gaap_Depreciation
Total Expenses 64,521,158us-gaap_OperatingExpenses 58,009,654us-gaap_OperatingExpenses 44,214,508us-gaap_OperatingExpenses
OTHER INCOME (EXPENSE):      
Interest Income 2,098,974us-gaap_InterestIncomeOperating 2,186,387us-gaap_InterestIncomeOperating 2,027,969us-gaap_InterestIncomeOperating
Dividend Income 4,065,986us-gaap_InvestmentIncomeDividend 3,481,514us-gaap_InvestmentIncomeDividend 3,243,592us-gaap_InvestmentIncomeDividend
Gain on Sale of Securities Transactions, net 1,542,589us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet 4,055,812us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet 4,092,585us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
Other Income 328,888us-gaap_OtherNonoperatingIncome 211,051us-gaap_OtherNonoperatingIncome 643,588us-gaap_OtherNonoperatingIncome
Interest Expense (10,194,472)us-gaap_InterestExpense (7,849,835)us-gaap_InterestExpense (5,803,172)us-gaap_InterestExpense
Amortization of Financing Costs (522,250)us-gaap_AmortizationOfFinancingCosts (462,362)us-gaap_AmortizationOfFinancingCosts (302,280)us-gaap_AmortizationOfFinancingCosts
Total Other Income (Expense) (2,680,285)us-gaap_NonoperatingIncomeExpense 1,622,567us-gaap_NonoperatingIncomeExpense 3,902,282us-gaap_NonoperatingIncomeExpense
Income Before Gain (Loss) on Sales of Investment Property and Equipment 4,230,490us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges 5,818,020us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges 6,515,538us-gaap_IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
Gain (Loss) on Sales of Investment Property Investment Property and Equipment 7,313us-gaap_GainsLossesOnSalesOfInvestmentRealEstate 18,803us-gaap_GainsLossesOnSalesOfInvestmentRealEstate (41,481)us-gaap_GainsLossesOnSalesOfInvestmentRealEstate
NET INCOME 4,237,803us-gaap_NetIncomeLoss 5,836,823us-gaap_NetIncomeLoss 6,474,057us-gaap_NetIncomeLoss
Less: Preferred Dividend 7,556,588us-gaap_DividendsPreferredStock 7,556,588us-gaap_DividendsPreferredStock 4,724,718us-gaap_DividendsPreferredStock
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (3,318,785)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (1,719,765)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 1,749,339us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic Income Per Share:      
Net Income $ 0.19us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.31us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.40us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Less: Preferred Dividend $ (0.34)us-gaap_PreferredStockDividendsPerShareCashPaid $ (0.40)us-gaap_PreferredStockDividendsPerShareCashPaid $ (0.29)us-gaap_PreferredStockDividendsPerShareCashPaid
Net Income (Loss) Attributable to Common Shareholders $ (0.15)us-gaap_EarningsPerShareBasic $ (0.09)us-gaap_EarningsPerShareBasic $ 0.11us-gaap_EarningsPerShareBasic
Diluted Income Per Share:      
Net Income $ 0.19us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.31us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.40us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Less: Preferred Dividend $ (0.34)us-gaap_PreferredStockDividendsPerShareCashPaid $ (0.40)us-gaap_PreferredStockDividendsPerShareCashPaid $ (0.29)us-gaap_PreferredStockDividendsPerShareCashPaid
Net Income (Loss) Attributable to Common Shareholders $ (0.15)us-gaap_EarningsPerShareDiluted $ (0.09)us-gaap_EarningsPerShareDiluted $ 0.11us-gaap_EarningsPerShareDiluted
Weighted Average Shares Outstanding:      
Basic 22,496,103us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 18,724,321us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 16,197,339us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 22,539,708us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 18,789,662us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 16,260,225us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding