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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 8,157,944 $ 1,969,744
Non-Cash items included in Net Income:    
Depreciation 17,092,676 13,465,559
Amortization of Financing Costs 580,335 407,481
Stock Compensation Expense 896,519 657,230
Provision for Uncollectible Notes and Other Receivables 650,382 803,103
Gain on Sales of Securities Transactions, net (1,898,836) (127,419)
Loss on Sales of Investment Property and Equipment 23,510 66,389
Changes in Operating Assets and Liabilities:    
Inventory of Manufactured Homes (2,024,369) (1,161,658)
Notes and Other Receivables (1,542,870) 1,054,922
Prepaid Expenses and Other Assets (875,188) (5,080,596)
Accounts Payable 977,426 901,888
Accrued Liabilities and Deposits (1,189,041) 416,754
Tenant Security Deposits 554,962 635,134
Net Cash Provided by Operating Activities 21,403,450 14,008,531
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Manufactured Home Communities, net of mortgages assumed (2,954,000) (42,826,524)
Purchase of Investment Property and Equipment (44,239,188) (37,368,231)
Proceeds from Sales of Investment Property and Equipment 844,097 604,687
Additions to Land Development Costs (2,484,948) (425,356)
Purchase of Securities Available for Sale (23,453,933) (9,171,695)
Proceeds from Sales of Securities Available for Sale 12,330,020 2,257,433
Net Cash Used in Investing Activities (59,957,952) (86,929,686)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Mortgages, net of mortgages assumed 15,458,000 100,722,000
Net Payments on Short Term Borrowings (1,330,266) (8,281,398)
Principal Payments of Mortgages and Loans (13,629,215) (19,717,525)
Financing Costs on Debt (390,961) (2,417,695)
Proceeds from Issuance of Preferred Stock, net 49,120,853 0
Proceeds from Issuance of Common Stock in the DRIP, net of Dividend Reinvestments 9,267,775 20,347,682
Proceeds from Exercise of Stock Options 1,081,380 151,200
Preferred Dividends Paid (10,773,898) (5,667,441)
Common Dividends Paid, net of Dividend Reinvestments (13,075,166) (12,398,024)
Net Cash Provided by Financing Activities 35,728,502 72,738,799
Net Decrease in Cash and Cash Equivalents (2,826,000) (182,356)
Cash and Cash Equivalents at Beginning of Period 6,535,897 8,082,792
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 3,709,897 $ 7,900,436