Consolidated Statements of Income (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
INCOME:
Rental and Related Income	$ 23,103,155	$ 18,970,407	$ 67,313,211	$ 54,123,435
Sales of Manufactured Homes	2,251,896	2,724,592	6,756,921	5,469,093
Total Income	25,355,051	21,694,999	74,070,132	59,592,528
EXPENSES:
Community Operating Expenses	10,719,289	9,337,742	31,993,965	27,289,770
Cost of Sales of Manufactured Homes	1,803,315	2,089,602	5,278,587	4,209,126
Selling Expenses	812,392	798,126	2,270,861	2,141,693
General and Administrative Expenses	2,293,366	1,799,181	5,933,299	5,264,839
Acquisition Costs	51,360	154,959	51,360	449,338
Depreciation Expense	5,887,667	4,786,090	17,092,676	13,465,559
Total Expenses	21,567,389	18,965,700	62,620,748	52,820,325
OTHER INCOME (EXPENSE):
Interest Income	400,899	442,600	1,206,858	1,387,062
Dividend Income	1,755,438	1,121,274	4,834,817	3,222,928
Gain on Sales of Securities Transactions, net	884,458	47,671	1,898,836	127,419
Other Income	146,469	154,488	395,682	293,044
Interest Expense	(3,774,341)	(3,450,914)	(11,604,123)	(9,766,523)
Total Other Income (Expense)	(587,077)	(1,684,881)	(3,267,930)	(4,736,070)
Income before Gain (Loss) on Sales of Investment Property and Equipment	3,200,585	1,044,418	8,181,454	2,036,133
Gain (Loss) on Sales of Investment Property and Equipment	(572)	2,827	(23,510)	(66,389)
Net Income	3,200,013	1,047,245	8,157,944	1,969,744
Less: Preferred Dividends	(3,789,747)	(1,889,147)	(10,313,685)	(5,667,441)
Net Loss Attributable to Common Shareholders	$ (589,734)	$ (841,902)	$ (2,155,741)	$ (3,697,697)
Basic and Diluted Income (Loss) Per Share:
Net Income	$ 0.12	$ 0.04	$ 0.30	$ 0.08
Less: Preferred Dividends	0.14	0.07	0.38	0.22
Net Loss Attributable to Common Shareholders	$ (0.02)	$ (0.03)	$ (0.08)	$ (0.14)
Weighted Average Common Shares Outstanding:
Basic and Diluted	27,891,370	26,388,589	27,450,747	25,600,310