Consolidated Statements of Income (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
INCOME:
Rental and Related Income	$ 25,854,623	$ 23,103,155	$ 75,678,939	$ 67,313,211
Sales of Manufactured Homes	2,830,314	2,251,896	8,272,395	6,756,921
Total Income	28,684,937	25,355,051	83,951,334	74,070,132
EXPENSES:
Community Operating Expenses	12,317,856	10,719,289	35,669,793	31,993,965
Cost of Sales of Manufactured Homes	2,215,767	1,803,315	6,465,665	5,278,587
Selling Expenses	836,939	812,392	2,461,780	2,270,861
General and Administrative Expenses	2,354,054	2,293,366	7,190,665	5,933,299
Acquisition Costs	0	51,360	0	51,360
Depreciation Expense	6,980,113	5,887,667	20,260,556	17,092,676
Total Expenses	24,704,729	21,567,389	72,048,459	62,620,748
OTHER INCOME (EXPENSE):
Interest Income	510,358	400,899	1,479,495	1,206,858
Dividend Income	2,068,198	1,755,438	5,715,038	4,834,817
Gain on Sales of Securities, net	466,521	884,458	1,518,289	1,898,836
Other Income	126,660	146,469	592,251	395,682
Interest Expense	(3,871,046)	(3,774,341)	(12,040,990)	(11,604,123)
Total Other Income (Expense)	(699,309)	(587,077)	(2,735,917)	(3,267,930)
Income before Loss on Sales of Investment Property and Equipment	3,280,899	3,200,585	9,166,958	8,181,454
Loss on Sales of Investment Property and Equipment	(18,898)	(572)	(29,540)	(23,510)
Net Income	3,262,001	3,200,013	9,137,418	8,157,944
Less: Preferred Dividends	(4,938,937)	(3,789,747)	(12,518,431)	(10,313,685)
Less: Redemption of Preferred Stock	(3,502,487)	0	(3,502,487)	0
Net Loss Attributable to Common Shareholders	$ (5,179,423)	$ (589,734)	$ (6,883,500)	$ (2,155,741)
Basic and Diluted Income (Loss) Per Share:
Net Income	$ 0.10	$ 0.12	$ 0.29	$ 0.30
Less: Preferred Dividends	$ (0.14)	$ (0.14)	$ (0.39)	$ (0.38)
Less: Redemption of Preferred Stock	(0.11)	0	(0.11)	0
Net Loss Attributable to Common Shareholders	$ (0.15)	$ (0.02)	$ (0.21)	$ (0.08)
Weighted Average Common Shares Outstanding:
Basic and Diluted	34,102,231	27,891,370	31,918,211	27,450,747