Consolidated Statements of Income (Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
INCOME:
Rental and Related Income	$ 25,293,961	$ 22,423,876	$ 49,824,316	$ 44,210,056
Sales of Manufactured Homes	3,523,887	2,786,831	5,442,081	4,505,025
Total Income	28,817,848	25,210,707	55,266,397	48,715,081
EXPENSES:
Community Operating Expenses	11,871,578	10,718,738	23,351,937	21,274,676
Cost of Sales of Manufactured Homes	2,746,689	2,161,344	4,249,898	3,475,272
Selling Expenses	865,462	674,717	1,624,841	1,458,469
General and Administrative Expenses	2,634,309	1,943,011	4,836,611	3,639,933
Depreciation Expense	6,740,205	5,679,167	13,280,443	11,205,009
Total Expenses	24,858,243	21,176,977	47,343,730	41,053,359
OTHER INCOME (EXPENSE):
Interest Income	495,778	397,083	969,137	805,959
Dividend Income	1,795,600	1,623,844	3,646,840	3,079,379
Gain on Sales of Securities, net	1,019,877	782,373	1,051,768	1,014,378
Other Income	417,487	155,763	465,591	249,213
Interest Expense	(4,112,214)	(3,896,305)	(8,169,944)	(7,829,782)
Total Other Income (Expense)	(383,472)	(937,242)	(2,036,608)	(2,680,853)
Income before Gain (Loss) on Sales of Investment Property and Equipment	3,576,133	3,096,488	5,886,059	4,980,869
Gain (Loss) on Sales of Investment Property and Equipment	13,738	(45,026)	(10,642)	(22,938)
Net Income	3,589,871	3,051,462	5,875,417	4,957,931
Less: Preferred Dividends	3,789,747	3,734,191	7,579,494	6,523,938
Net Loss Attributable to Common Shareholders	$ (199,876)	$ (682,729)	$ (1,704,077)	$ (1,566,007)
Basic and Diluted Income (Loss) Per Share:
Net Income	$ 0.11	$ 0.11	$ 0.19	$ 0.18
Less: Preferred Dividends	0.12	0.14	0.25	0.24
Net Loss Attributable to Common Shareholders	$ (0.01)	$ (0.03)	$ (0.06)	$ (0.06)
Weighted Average Common Shares Outstanding:
Basic and Diluted	31,769,287	27,314,361	30,888,218	27,221,879