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Supplemental Cash Flow Information
12 Months Ended
Dec. 31, 2017
Supplemental Cash Flow Elements [Abstract]  
Supplemental Cash Flow Information

NOTE 14 – SUPPLEMENTAL CASH FLOW INFORMATION

 

Cash paid for interest during the years ended December 31, 2017, 2016 and 2015 was $15,656,251, $15,058,016 and $12,497,858, respectively.

 

During the years ended December 31, 2017 and 2016, the Company assumed mortgages totaling $2,418,198 and $3,195,202, respectively for the acquisition of communities.

 

During the years ended December 31, 2017, 2016 and 2015, land development costs of $7,832,450, $170,925 and $60,857, respectively were transferred to investment property and equipment and placed in service.

 

During the years ended December 31, 2017, 2016 and 2015, the Company had dividend reinvestments of $2,859,174, $2,388,552 and $2,006,287, respectively which required no cash transfers.