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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2017
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Real Estate and Accumulated Depreciation

UMH PROPERTIES, INC.

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2017

 

Column A   Column B     Column C     Column D  
Description         Initial Cost        
                    Site, Land        
                    & Building     Capitalization  
                    Improvements     Subsequent to  
Name   Location   Encumbrances     Land     and Rental Homes     Acquisition  
                             
Allentown   Memphis, TN   $ 13,390,559     $ 250,000     $ 2,569,101     $ 10,425,033  
Arbor Estates   Doylestown, PA       (1)     2,650,000       8,266,000       1,260,944  
Auburn Estates   Orrville, OH       (4)     114,000       1,174,000       507,470  
Birchwood Farms   Birch Run, MI       (1)     70,000       2,797,000       2,449,356  
Boardwalk   Elkhart, IN     14,049,088 (6)     1,796,000       4,767,792       (17,029 )
Broadmore Estates   Goshen, IN     49,035,572 (1)     1,120,000       11,136,000       8,249,474  
Brookside   Berwick, PA       (3)     372,000       4,776,000       1,640,711  
Brookview   Greenfield Ctr, NY     2,778,698       37,500       232,547       7,262,982  
Candlewick Court   Owosso, MI     4,468,826       159,200       7,087,221       3,049,600  
Carsons   Chambersburg, PA     -0-       176,000       2,411,000       1,259,274  
Catalina   Middletown, OH     5,533,771       1,008,000       11,734,640       2,927,665  
Cedarcrest   Vineland, NJ     12,024,840       320,000       1,866,323       2,528,003  
Chambersburg   Chambersburg, PA     -0-       108,000       2,397,000       606,548  
Chelsea   Sayre, PA       (2)     124,000       2,049,000       1,112,180  
Cinnamon Woods   Conowingo, MD     -0-       1,884,000       2,116,000       218,001  
City View   Lewistown, PA     -0-       137,000       613,000       1,332,531  
Clinton   Tiffin, OH     3,514,421       142,000       3,301,800       233,583  
Collingwood   Horseheads, NY     -0-       196,000       2,317,500       1,376,360  
Colonial Heights   Wintersville, OH       (1)     67,000       2,383,000       4,202,660  
Countryside Estates   Muncie, IN     -0-       174,000       1,926,000       3,527,990  
Countryside Estates   Ravenna, OH     -0-       205,000       2,895,997       3,820,768  
Countryside Village   Columbia, TN     -0-       394,000       6,916,500       8,044,110  
Cranberry   Cranberry Twp, PA     7,620,974       181,930       1,922,931       3,981,410  
Crestview   Athens, PA     -0-       188,000       2,258,000       1,306,840  
Cross Keys   Duncansville, PA     -0-       60,774       378,093       3,598,385  
Crossroads Village   Mount Pleasant, PA     -0-       183,000       1,403,400       24,370  
D&R   Clifton Park, NY     7,685,346       391,724       704,021       3,213,228  
Dallas Mobile Home   Toronto,OH     -0-       275,600       2,728,503       1,295,277  
Deer Meadows   New Springfield,OH     -0-       226,000       2,299,275       2,148,907  
Evergreen Estates   Lodi,OH     -0-       99,000       1,121,300       462,148  
Evergreen Manor   Bedford, OH     -0-       49,000       2,372,258       895,208  
Evergreen Village   Mantua, OH     -0-       105,000       1,277,001       865,356  
Fairview Manor   Millville, NJ     16,010,749       216,000       1,166,517       9,694,617  
Forest Creek   Elkhart, IN       (1)     440,000       7,004,000       1,790,506  
Forest Park   Cranberry Twp, PA     8,332,848       75,000       977,225       7,537,662  
Fox Chapel Village   Cheswick, PA     -0-       372,000       4,081,700       72,515  
Frieden Manor   Schuylkill Haven, PA     13,296,207 (2)     643,000       5,293,500       1,992,141  
Green Acres   Chambersburg, PA     -0-       63,000       584,000       111,538  
Gregory Courts   Honey Brook, PA       (1)     370,000       1,220,000       427,354  
Hayden Heights   Dublin,OH     2,094,009       248,100       2,147,700       571,620  
Heather Highlands   Inkerman, PA     16,606       572,500       2,151,569       10,427,038  
High View Acres   Apollo, PA     -0-       825,000       4,263,500       93,912  
Highland   Elkhart, IN       (1)     510,000       7,084,000       3,505,739  
Highland Estates   Kutztown, PA     16,640,165       145,000       1,695,041       12,095,649  
Hillcrest Crossing   Lower Burrell, PA     -0-       961,000       1,463,825       1,924,330  
Hillcrest Estates   Marysville, OH     -0-       1,277,000       3,033,500       511,855  
Hillside Estates   Greenburg,PA       (5)     483,600       2,678,525       1,932,865  
Holiday Village   Nashville, TN     7,929,646       1,632,000       5,618,000       6,903,835  
Holiday Village   Elkhart, IN     8,514,837       490,600       13,808,269       3,740,161  
Holly Acres   Erie, PA     2,194,312       194,000       3,591,000       605,914  
Hudson Estates   Peninsula, OH     -0-       141,000       3,515,878       4,614,404  
Huntingdon Pointe   Tarrs, PA     -0-       399,000       865,450       801,695  

 

Column A   Column B     Column C     Column D  
Description         Initial Cost        
                    Site, Land        
                    & Building     Capitalization  
                    Improvements     Subsequent to  
Name   Location   Encumbrances     Land     and Rental Homes     Acquisition  
                             
Independence Park   Clinton, PA   $ 8,079,960 (5)   $ 686,400     $ 2,783,633     $ 2,544,627  
Kinnebrook   Monticello, NY     4,048,226       235,600       1,402,572       12,811,315  
Lake Sherman   Navarre, OH     5,510,432       290,000       1,457,673       9,854,641  
Lakeview Meadows   Lakeview, OH     -0-       574,000       1,103,600       848,061  
Laurel Woods   Cresson, PA     -0-       432,700       2,070,426       3,453,562  
Little Chippewa   Orrville, OH       (4)     113,000       1,135,000       1,488,980  
Maple Manor   Taylor, PA     13,749,838 (3)     674,000       9,432,800       4,722,874  
Marysville Estates   Marysville, OH     -0-       810,000       4,555,800       654,373  
Meadowood   New Middletown, OH       (1)     152,000       3,191,000       2,584,707  
Meadows   Nappanee, IN     -0-       548,600       6,720,900       2,515,755  
Melrose Village   Wooster, OH     7,154,380 (4)     767,000       5,429,000       4,336,425  
Melrose West   Wooster, OH       (4)     94,000       1,040,000       52,182  
Memphis Blues   Memphis, TN     -0-       78,435       810,477       4,681,136  
Monroe Valley   Jonestown, PA       (2)     114,000       994,000       432,570  
Moosic Heights   Avoca, PA       (3)     330,000       3,794,100       2,075,353  
Mount Pleasant Village   Mount Pleasant, PA     -0-       280,000       3,501,600       68,354  
Mountaintop   Narvon, PA       (2)     134,000       1,665,000       601,666  
Oak Ridge   Elkhart, IN       (1)     500,000       7,524,000       1,777,443  
Oakwood Lake   Tunkhannock, PA       (3)     379,000       1,639,000       830,332  
Olmsted Falls   Olmsted Falls, OH     2,093,269       569,000       3,031,000       1,311,829  
Oxford   West Grove, PA     6,751,511       175,000       990,515       2,169,652  
Parke Place   Elkhart, IN       (6)     4,317,000       10,340,950       1,135,827  
Pine Ridge/Pine Manor   Carlisle, PA     -0-       37,540       198,321       9,387,272  
Pine Valley   Apollo, PA     -0-       670,000       1,336,600       5,379,401  
Pleasant View   Bloomsburg, PA       (3)     282,000       2,174,800       1,304,424  
Port Royal   Belle Vernon, PA     -0-       150,000       2,491,796       11,934,453  
River Valley   Marion, OH     -0-       236,000       785,293       6,438,539  
Rolling Hills Estates   Carlisle, PA     -0-       301,000       1,419,013       1,451,304  
Rostraver Estates   Belle Veron, PA     - (5)     813,600       2,203,506       1,695,206  
Sandy Valley   Magnolia, OH     -0-       270,000       1,941,430       7,839,672  
Shady Hills   Nashville, TN     4,992,527       337,000       3,379,000       3,914,330  
Somerset/Whispering   Somerset, PA     217,770       1,485,000       2,050,400       7,100,994  
Southern Terrace   Columbiana, OH       (1)     63,000       3,387,000       442,707  
Southwind   Jackson, NJ     5,392,911       100,095       602,820       2,675,258  
Spreading Oaks   Athens, OH     -0-       67,000       1,326,800       3,108,808  
Springfield Meadows   Springfield, OH     3,141,199       1,230,000       3,092,706       282,931  
Suburban Estates   Greensburg, PA     5,583,084       299,000       5,837,272       2,650,335  
Summit Estates   Ravenna, OH     -0-       198,000       2,779,260       2,699,446  
Sunny Acres   Somerset, PA     6,214,642       287,000       6,113,528       1,385,661  
Sunnyside   Eagleville, PA       (1)     450,000       2,674,000       334,695  
Trailmont   Goodlettsville, TN     3,328,351       411,000       1,867,000       3,579,237  
Twin Oaks   Olmsted Falls, OH     2,415,894       823,000       3,527,000       1,677,396  
Twin Pines   Goshen, IN       (1)     650,000       6,307,000       3,038,527  
Valley High   Ruffs Dale, PA       (5)     284,000       2,266,750       1,240,667  
Valley Hills   Ravenna, OH     3,408,438       996,000       6,542,178       6,523,105  
Valley Stream   Mountaintop, PA     -0-       323,000       3,190,550       650,910  
Valley View HB   Honeybrook, PA       (1)     1,380,000       5,348,000       1,566,922  
Valley View I   Ephrata, PA       (2)     191,000       4,359,000       988,314  
Valley View II   Ephrata, PA       (2)     72,000       1,746,000       4,909  
Voyager Estates   West Newton, PA     -0-       742,000       3,142,725       1,977,981  
Waterfalls   Hamburg, NY     4,639,515       424,000       3,812,000       3,637,198  
Wayside   Bellefontaine, OH     -0-       196,000       1,080,050       158,681  
Weatherly Estates   Lebanon, TN     8,121,177       1,184,000       4,034,480       4,515,367  
Wellington Estates   Export, PA     2,414,621       896,000       6,179,000       123,037  

 

Column A   Column B     Column C     Column D  
Description         Initial Cost        
                    Site, Land        
                    & Building     Capitalization  
                    Improvements     Subsequent to  
Name   Location   Encumbrances     Land     and Rental Homes     Acquisition  
                             
Wood Valley   Caledonia, OH   $ -0-     $ 260,000     $ 1,753,206     $ 4,267,484  
Woodland Manor   West Monroe, NY     -0-       77,000       841,000       2,852,704  
Woodlawn   Eatontown, NJ     -0-       157,421       280,749       1,481,724  
Woods Edge   West Lafayette, IN     6,728,792       1,808,100       13,321,318       2,345,912  
Worthington Arms   Lewis Center, OH     9,342,775       436,800       12,705,530       1,472,783  
Youngstown Estates   Youngstown, NY       (4)     269,000       1,606,000       1,053,026  
                                     
        $ 308,460,786     $ 54,431,819     $ 376,757,529     $ 327,297,677  

 

Column A   Column E (6) (7)     Column F  
Description   Gross Amount at Which Carried at 12/31/17        
              Site, Land              
              & Building              
              Improvements           Accumulated  
Name   Location   Land     and Rental Homes     Total     Depreciation  
                             
Allentown   Memphis, TN   $ 480,000     $ 12,764,134     $ 13,244,134     $ 5,622,205  
Arbor Estates   Doylestown, PA     2,650,000       9,526,944       12,176,944       1,574,520  
Auburn Estates   Orrville, OH     114,000       1,681,470       1,795,470       225,416  
Birchwood Farms   Birch Run, MI     70,000       5,246,356       5,316,356       864,289  
Boardwalk   Elkhart, IN     1,796,000       4,750,763       6,546,763       173,168  
Broadmore Estates   Goshen, IN     1,120,000       19,385,474       20,505,474       3,012,157  
Brookside   Berwick, PA     372,000       6,416,711       6,788,711       1,392,564  
Brookview   Greenfield Ctr, NY     122,865       7,410,164       7,533,029       2,357,656  
Candlewick Court   Owosso, MI     159,200       10,136,821       10,296,021       877,845  
Carsons   Chambersburg, PA     176,000       3,670,274       3,846,274       591,483  
Catalina   Middletown, OH     1,008,000       14,662,305       15,670,305       1,364,525  
Cedarcrest   Vineland, NJ     408,206       4,306,120       4,714,326       2,795,731  
Chambersburg   Chambersburg, PA     108,000       3,003,548       3,111,548       535,412  
Chelsea   Sayre, PA     124,000       3,161,180       3,285,180       501,859  
Cinnamon Woods   Conowingo, MD     1,884,000       2,334,001       4,218,001       56,761  
City View   Lewistown, PA     137,000       1,945,531       2,082,531       321,674  
Clinton   Tiffin, OH     142,000       3,535,383       3,677,383       793,776  
Collingwood   Horseheads, NY     196,000       3,693,860       3,889,860       625,100  
Colonial Heights   Wintersville, OH     67,000       6,585,660       6,652,660       1,039,768  
Countryside Estates   Muncie, IN     174,000       5,453,990       5,627,990       755,613  
Countryside Estates   Ravenna, OH     205,000       6,716,765       6,921,765       688,791  
Countryside Village   Columbia, TN     609,000       14,745,610       15,354,610       2,916,765  
Cranberry   Cranberry Twp, PA     181,930       5,904,341       6,086,271       2,885,885  
Crestview   Athens, PA     361,500       3,391,340       3,752,840       552,142  
Cross Keys   Duncansville, PA     60,774       3,976,478       4,037,252       1,294,428  
Crossroads Village   Mount Pleasant, PA     183,000       1,427,770       1,610,770       5,012  
D&R   Clifton Park, NY     391,724       3,917,249       4,308,973       2,045,833  
Dallas Mobile Home   Toronto,OH     275,600       4,023,780       4,299,380       448,086  
Deer Meadows   New Springfield,OH     226,000       4,448,182       4,674,182       452,414  
Evergreen Estates   Lodi,OH     119,000       1,563,448       1,682,448       188,683  
Evergreen Manor   Bedford, OH     49,000       3,267,466       3,316,466       371,934  
Evergreen Village   Mantua, OH     105,000       2,142,357       2,247,357       251,789  
Fairview Manor   Millville, NJ     2,534,892       8,542,242       11,077,134       5,005,204  
Forest Creek   Elkhart, IN     440,000       8,794,506       9,234,506       1,735,122  
Forest Park   Cranberry Twp, PA     75,000       8,514,887       8,589,887       3,169,111  
Fox Chapel Village   Cheswick, PA     372,000       4,154,215       4,526,215       14,381  
Frieden Manor   Schuylkill Haven, PA     643,000       7,285,641       7,928,641       1,314,625  
Green Acres   Chambersburg, PA     63,000       695,538       758,538       125,691  
Gregory Courts   Honey Brook, PA     370,000       1,647,354       2,017,354       261,779  
Hayden Heights   Dublin,OH     248,100       2,719,320       2,967,420       335,477  
Heather Highlands   Inkerman, PA     572,500       12,578,607       13,151,107       4,959,606  
High View Acres   Apollo, PA     825,000       4,357,412       5,182,412       14,045  
Highland   Elkhart, IN     510,000       10,589,739       11,099,739       1,715,882  
Highland Estates   Kutztown, PA     404,239       13,531,451       13,935,690       6,693,393  
Hillcrest Crossing   Lower Burrell, PA     961,000       3,388,155       4,349,155       82,876  
Hillcrest Estates   Marysville, OH     1,277,000       3,545,355       4,822,355       133,643  
Hillside Estates   Greenburg,PA     483,600       4,611,390       5,094,990       486,796  
Holiday Village   Nashville, TN     1,632,000       12,521,835       14,153,835       1,811,334  
Holiday Village   Elkhart, IN     490,600       17,548,430       18,039,030       1,375,999  
Holly Acres   Erie, PA     194,000       4,196,914       4,390,914       420,405  
Hudson Estates   Peninsula, OH     141,000       8,130,282       8,271,282       823,582  
Huntingdon Pointe   Tarrs, PA     399,000       1,667,145       2,066,145       121,362  

 

Column A   Column E (6) (7)     Column F  
Description   Gross Amount at Which Carried at 12/31/17        
              Site, Land              
              & Building              
              Improvements           Accumulated  
Name   Location   Land     and Rental Homes     Total     Depreciation  
                             
Independence Park   Clinton, PA   $ 686,400     $ 5,328,260     $ 6,014,660     $ 510,057  
Kinnebrook   Monticello, NY     352,972       14,096,515       14,449,487       4,936,134  
Lake Sherman   Navarre, OH     290,000       11,312,314       11,602,314       3,918,732  
Lakeview Meadows   Lakeview, OH     725,663       1,799,998       2,525,661       90,514  
Laurel Woods   Cresson, PA     432,700       5,523,988       5,956,688       2,048,960  
Little Chippewa   Orrville, OH     113,000       2,623,980       2,736,980       275,603  
Maple Manor   Taylor, PA     674,000       14,155,674       14,829,674       3,015,890  
Marysville Estates   Marysville, OH     820,668       5,199,505       6,020,173       199,348  
Meadowood   New Middletown, OH     152,000       5,775,707       5,927,707       981,658  
Meadows   Nappanee, IN     548,600       9,236,655       9,785,255       758,790  
Melrose Village   Wooster, OH     767,000       9,765,425       10,532,425       1,217,325  
Melrose West   Wooster, OH     94,000       1,092,182       1,186,182       159,710  
Memphis Blues   Memphis, TN     335,935       5,234,113       5,570,048       1,328,193  
Monroe Valley   Jonestown, PA     114,000       1,426,570       1,540,570       248,809  
Moosic Heights   Avoca, PA     330,000       5,869,453       6,199,453       1,183,142  
Mount Pleasant Village   Mount Pleasant, PA     280,000       3,569,954       3,849,954       13,071  
Mountaintop   Narvon, PA     134,000       2,266,666       2,400,666       402,704  
Oak Ridge   Elkhart, IN     500,000       9,301,443       9,801,443       1,845,852  
Oakwood Lake   Tunkhannock, PA     379,000       2,469,332       2,848,332       537,890  
Olmsted Falls   Olmsted Falls, OH     569,000       4,342,829       4,911,829       719,715  
Oxford   West Grove, PA     155,000       3,180,167       3,335,167       2,042,718  
Parke Place   Elkhart, IN     4,317,000       11,476,777       15,793,777       452,565  
Pine Ridge/Pine Manor   Carlisle, PA     145,472       9,477,661       9,623,133       3,024,777  
Pine Valley   Apollo, PA     732,089       6,653,912       7,386,001       2,630,313  
Pleasant View   Bloomsburg, PA     282,000       3,479,224       3,761,224       708,447  
Port Royal   Belle Vernon, PA     505,000       14,071,249       14,576,249       6,482,162  
River Valley   Marion, OH     236,000       7,223,832       7,459,832       3,379,144  
Rolling Hills Estates   Carlisle, PA     301,000       2,870,317       3,171,317       571,963  
Rostraver Estates   Belle Veron, PA     813,600       3,898,712       4,712,312       431,257  
Sandy Valley   Magnolia, OH     270,000       9,781,102       10,051,102       4,648,644  
Shady Hills   Nashville, TN     337,000       7,293,330       7,630,330       1,347,505  
Somerset/Whispering   Somerset, PA     1,488,600       9,147,794       10,636,394       3,159,972  
Southern Terrace   Columbiana, OH     63,000       3,829,707       3,892,707       708,693  
Southwind   Jackson, NJ     100,095       3,278,078       3,378,173       1,972,762  
Spreading Oaks   Athens, OH     67,000       4,435,608       4,502,608       1,666,426  
Springfield Meadows   Springfield, OH     1,230,000       3,375,637       4,605,637       130,146  
Suburban Estates   Greensburg, PA     299,000       8,487,607       8,786,607       1,849,609  
Summit Estates   Ravenna, OH     198,000       5,478,706       5,676,706       568,575  
Sunny Acres   Somerset, PA     287,000       7,499,189       7,786,189       1,842,783  
Sunnyside   Eagleville, PA     450,000       3,008,695       3,458,695       493,012  
Trailmont   Goodlettsville, TN     411,000       5,446,237       5,857,237       1,008,889  
Twin Oaks   Olmsted Falls, OH     998,000       5,029,396       6,027,396       898,732  
Twin Pines   Goshen, IN     650,000       9,345,527       9,995,527       1,555,867  
Valley High   Ruffs Dale, PA     284,000       3,507,417       3,791,417       383,503  
Valley Hills   Ravenna, OH     996,000       13,065,283       14,061,283       1,478,494  
Valley Stream   Mountaintop, PA     323,000       3,841,460       4,164,460       357,886  
Valley View HB   Honeybrook, PA     1,380,000       6,914,922       8,294,922       1,198,477  
Valley View I   Ephrata, PA     191,000       5,347,314       5,538,314       1,008,023  
Valley View II   Ephrata, PA     72,000       1,750,909       1,822,909       345,020  
Voyager Estates   West Newton, PA     742,000       5,120,706       5,862,706       452,882  
Waterfalls   Hamburg, NY     424,000       7,449,198       7,873,198       3,665,333  
Wayside   Bellefontaine, OH     196,000       1,238,731       1,434,731       68,070  
Weatherly Estates   Lebanon, TN     1,184,000       8,549,847       9,733,847       3,067,077  

 

Column A   Column E (6) (7)     Column F  
Description   Gross Amount at Which Carried at 12/31/17        
              Site, Land              
              & Building              
              Improvements           Accumulated  
Name   Location   Land     and Rental Homes     Total     Depreciation  
                             
Wellington Estates   Export, PA   $ 896,000     $ 6,302,037     $ 7,198,037     $ 22,981  
Wood Valley   Caledonia, OH     260,000       6,020,690       6,280,690       2,764,346  
Woodland Manor   West Monroe, NY     77,000       3,693,704       3,770,704       1,008,380  
Woodlawn   Eatontown, NJ     135,420       1,784,474       1,919,894       800,823  
Woods Edge   West Lafayette, IN     1,808,100       15,667,230       17,475,330       1,296,996  
Worthington Arms   Lewis Center, OH     436,800       14,178,313       14,615,113       1,225,567  
Youngstown Estates   Youngstown, NY     269,000       2,659,026       2,928,026       297,404  
        $ 59,020,844     $ 699,466,181     $ 758,487,025     $ 153,591,917  

 

Column A   Column G   Column H   Column I
Description            
        Date of   Date   Depreciable
Name   Location   Construction   Acquired   Life
                 
Allentown   Memphis, TN   prior to 1980   1986   5 to 27.5
Arbor Estates   Doylestown, PA   1959   2013   5 to 27.5
Auburn Estates   Orrville, OH   1971/1985/1995   2013   5 to 27.5
Birchwood Farms   Birch Run, MI   1976-1977   2013   5 to 27.5
Boardwalk   Elkhart, IN   1995-1996   2017   5 to 27.5
Broadmore Estates   Goshen, IN   1950/1990   2013   5 to 27.5
Brookside   Berwick, PA   1973-1976   2010   5 to 27.5
Brookview   Greenfield Ctr, NY   prior to 1970   1977   5 to 27.5
Candlewick Court   Owosso, MI   1975   2015   5 to 27.5
Carsons   Chambersburg, PA   1963   2012   5 to 27.5
Catalina   Middletown, OH   1968-1976   2015   5 to 27.5
Cedarcrest   Vineland, NJ   1973   1986   5 to 27.5
Chambersburg   Chambersburg, PA   1955   2012   5 to 27.5
Chelsea   Sayre, PA   1972   2012   5 to 27.5
Cinnamon Woods   Conowingo, MD   2005   2017   5 to 27.5
City View   Lewistown, PA   prior to 1980   2011   5 to 27.5
Clinton   Tiffin, OH   1968/1987   2011   5 to 27.5
Collingwood   Horseheads, NY   1970   2012   5 to 27.5
Colonial Heights   Wintersville, OH   1972   2012   5 to 27.5
Countryside Estates   Muncie, IN   1996   2012   5 to 27.5
Countryside Estates   Ravenna, OH   1972   2014   5 to 27.5
Countryside Village   Columbia, TN   1988/1992   2011   5 to 27.5
Cranberry   Cranberry Twp, PA   1974   1986   5 to 27.5
Crestview   Athens, PA   1964   2012   5 to 27.5
Cross Keys   Duncansville, PA   1961   1979   5 to 27.5
Crossroads Village   Mount Pleasant, PA   1955/2004   2017   5 to 27.5
D&R   Clifton Park, NY   1972   1978   5 to 27.5
Dallas Mobile Home   Toronto,OH   1950-1957   2014   5 to 27.5
Deer Meadows   New Springfield,OH   1973   2014   5 to 27.5
Evergreen Estates   Lodi,OH   1965   2014   5 to 27.5
Evergreen Manor   Bedford, OH   1960   2014   5 to 27.5
Evergreen Village   Mantua, OH   1960   2014   5 to 27.5
Fairview Manor   Millville, NJ   prior to 1980   1985   5 to 27.5
Forest Creek   Elkhart, IN   1996-1997   2013   5 to 27.5
Forest Park   Cranberry Twp, PA   prior to 1980   1982   5 to 27.5
Fox Chapel Village   Cheswick, PA   1975   2017   5 to 27.5
Frieden Manor   Schuylkill Haven, PA   1969   2012   5 to 27.5
Green Acres   Chambersburg, PA   1978   2012   5 to 27.5
Gregory Courts   Honey Brook, PA   1970   2013   5 to 27.5
Hayden Heights   Dublin,OH   1973   2014   5 to 27.5
Heather Highlands   Inkerman, PA   1970   1992   5 to 27.5
High View Acres   Apollo, PA   1984   2017   5 to 27.5
Highland   Elkhart, IN   1969   2013   5 to 27.5
Highland Estates   Kutztown, PA   1971   1979   5 to 27.5
Hillcrest Crossing   Lower Burrell, PA   1971   2017   5 to 27.5
Hillcrest Estates   Marysville, OH   1995   2017   5 to 27.5
Hillside Estates   Greenburg,PA   1980   2014   5 to 27.5
Holiday Village   Nashville, TN   1967   2013   5 to 27.5
Holiday Village   Elkhart, IN   1966   2015   5 to 27.5
Holly Acres   Erie, PA   1977/2007   2015   5 to 27.5
Hudson Estates   Peninsula, OH   1956   2014   5 to 27.5
Huntingdon Pointe   Tarrs, PA   2000   2015   5 to 27.5

 

Column A   Column G   Column H   Column I
Description            
        Date of   Date   Depreciable
Name   Location   Construction   Acquired   Life
                 
Independence Park   Clinton, PA   1987   2014   5 to 27.5
Kinnebrook   Monticello, NY   1972   1988   5 to 27.5
Lake Sherman   Navarre, OH   prior to 1980   1987   5 to 27.5
Lakeview Meadows   Lakeview, OH   1995   2016   5 to 27.5
Laurel Woods   Cresson, PA   prior to 1980   2001   5 to 27.5
Little Chippewa   Orrville, OH   1968   2013   5 to 27.5
Maple Manor   Taylor, PA   1972   2010   5 to 27.5
Marysville Estates   Marysville, OH   1960s to 2015   2017   5 to 27.5
Meadowood   New Middletown, OH   1957   2012   5 to 27.5
Meadows   Nappanee, IN   1965-1973   2015   5 to 27.5
Melrose Village   Wooster, OH   1970-1978   2013   5 to 27.5
Melrose West   Wooster, OH   1995   2013   5 to 27.5
Memphis Blues   Memphis, TN   1955   1985   5 to 27.5
Monroe Valley   Jonestown, PA   1969   2012   5 to 27.5
Moosic Heights   Avoca, PA   1972   2010   5 to 27.5
Mount Pleasant Village   Mount Pleasant, PA   1977-1986   2017   5 to 27.5
Mountaintop   Narvon, PA   1972   2012   5 to 27.5
Oak Ridge   Elkhart, IN   1990   2013   5 to 27.5
Oakwood Lake   Tunkhannock, PA   1972   2010   5 to 27.5
Olmsted Falls   Olmsted Falls, OH   1953/1970   2012   5 to 27.5
Oxford   West Grove, PA   1971   1974   5 to 27.5
Parke Place   Elkhart, IN   1995-1996   2017   5 to 27.5
Pine Ridge/Pine Manor   Carlisle, PA   1961   1969   5 to 27.5
Pine Valley   Apollo, PA   prior to 1980   1995   5 to 27.5
Pleasant View   Bloomsburg, PA   1960’s   2010   5 to 27.5
Port Royal   Belle Vernon, PA   1973   1983   5 to 27.5
River Valley   Marion, OH   1950   1986   5 to 27.5
Rolling Hills Estates   Carlisle, PA   1972-1975   2013   5 to 27.5
Rostraver Estates   Belle Veron, PA   1970   2014   5 to 27.5
Sandy Valley   Magnolia, OH   prior to 1980   1985   5 to 27.5
Shady Hills   Nashville, TN   1954   2011   5 to 27.5
Somerset/Whispering   Somerset, PA   prior to 1980   2004   5 to 27.5
Southern Terrace   Columbiana, OH   1983   2012   5 to 27.5
Southwind   Jackson, NJ   1969   1969   5 to 27.5
Spreading Oaks   Athens, OH   prior to 1980   1996   5 to 27.5
Springfield Meadows   Springfield, OH   1970   2016   5 to 27.5
Suburban Estates   Greensburg, PA   1968/1980   2010   5 to 27.5
Summit Estates   Ravenna, OH   1969   2014   5 to 27.5
Sunny Acres   Somerset, PA   1970   2010   5 to 27.5
Sunnyside   Eagleville, PA   1960   2013   5 to 27.5
Trailmont   Goodlettsville, TN   1964   2011   5 to 27.5
Twin Oaks   Olmsted Falls, OH   1952/1997   2012   5 to 27.5
Twin Pines   Goshen, IN   1956/1990   2013   5 to 27.5
Valley High   Ruffs Dale, PA   1974   2014   5 to 27.5
Valley Hills   Ravenna, OH   1960-1970   2014   5 to 27.5
Valley Stream   Mountaintop, PA   1970   2015   5 to 27.5
Valley View HB   Honeybrook, PA   1970   2013   5 to 27.5
Valley View I   Ephrata, PA   1961   2012   5 to 27.5
Valley View II   Ephrata, PA   1999   2012   5 to 27.5
Voyager Estates   West Newton, PA   1968   2015   5 to 27.5
Waterfalls   Hamburg, NY   prior to 1980   1997   5 to 27.5

 

Column A   Column G   Column H   Column I
Description            
        Date of   Date   Depreciable
Name   Location   Construction   Acquired   Life
                 
Wayside   Bellefontaine, OH   1960’s   2016   5 to 27.5
Weatherly Estates   Lebanon, TN   1997   2006   5 to 27.5
Wellington Estate   Export, PA   1970/1996   2017   5 to 27.5
Wood Valley   Caledonia, OH   prior to 1980   1996   5 to 27.5
Woodland Manor   West Monroe, NY   prior to 1980   2003   5 to 27.5
Woodlawn   Eatontown, NJ   1964   1978   5 to 27.5
Woods Edge   West Lafayette, IN   1974   2015   5 to 27.5
Worthington Arms   Lewis Center, OH   1968   2015   5 to 27.5
Youngstown Estates   Youngstown, NY   1963   2013   5 to 27.5

 

(1) Represents one mortgage note payable secured by thirteen properties.
   
(2) Represents one mortgage note payable secured by six properties.
   
(3) Represents one mortgage note payable secured by five properties.
   
(4) Represents one mortgage note payable secured by five properties.
   
(5) Represents one mortgage note payable secured by four properties.
   
(6) Represents one mortgage note payable secured by two properties.
   
(7) Reconciliation

 

    /———-FIXED ASSETS————/  
    12/31/17     12/31/16     12/31/15  
                   
Balance – Beginning of Year   $ 636,576,955     $ 574,283,574     $ 444,908,976  
                         
Additions:                        
Acquisitions     59,308,067       7,276,356       82,276,902  
Improvements     65,458,396       56,417,927       48,263,233  
Total Additions     124,766,463       63,694,283       130,540,135  
                         
Deletions     (2,856,393 )     (1,400,902 )     (1,165,537 )
                         
Balance – End of Year   $ 758,487,025     $ 636,576,955     $ 574,283,574  

 

    /——ACCUMULATED DEPRECIATION——/  
    12/31/17     12/31/16     12/31/15  
                   
Balance – Beginning of Year   $ 128,780,501     $ 107,453,972     $ 90,277,082  
                         
Additions:                        
Depreciation     25,307,453       21,625,264       17,481,811  
Total Additions     25,307,453       21,625,264       17,481,811  
                         
Deletions     (496,037 )     (298,735 )     (304,921 )
                         
Balance – End of Year   $ 153,591,917     $ 128,780,501     $ 107,453,972  

 

(8) The aggregate cost for Federal tax purposes approximates historical cost.