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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ (22,208,337) $ 2,285,546
Non-Cash items included in Net Income (Loss):    
Depreciation 7,594,634 6,540,238
Amortization of Financing Costs 154,881 174,787
Stock Compensation Expense 282,062 169,377
Provision (Benefit) for Uncollectible Notes and Other Receivables (294,405) 218,530
Gain on Sales of Marketable Securities, net (20,107) (31,891)
Decrease in Fair Value of Marketable Securities 25,898,819 0
Loss on Sales of Investment Property and Equipment 15,705 24,380
Changes in Operating Assets and Liabilities:    
Inventory of Manufactured Homes (1,412,332) (555,802)
Notes and Other Receivables, net of Notes Acquired with Acquisitions (63,850) (46,954)
Prepaid Expenses and Other Assets 270,173 1,461,008
Accounts Payable 158,507 802,082
Accrued Liabilities and Deposits (205,094) 218,439
Tenant Security Deposits 119,163 366,593
Net Cash Provided by Operating Activities 10,289,819 11,626,333
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Manufactured Home Communities 0 (36,824,379)
Purchase of Investment Property and Equipment (10,468,059) (11,846,814)
Proceeds from Sales of Investment Property and Equipment 535,927 522,436
Additions to Land Development Costs (1,281,690) (692,389)
Purchase of Marketable Securities (6,526,883) (2,145,267)
Proceeds from Sales of Marketable Securities 268,675 1,368,888
Net Cash Used in Investing Activities (17,472,030) (49,617,525)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Mortgages 0 14,250,000
Net (Payments) Proceeds on Short Term Borrowings (34,305,218) 23,601,802
Principal Payments of Mortgages (1,714,549) (1,852,336)
Financing Costs on Debt (35,000) (109,868)
Proceeds from Issuance of Preferred Stock, net of offering costs 48,247,280 0
Proceeds from Issuance of Common Stock in the DRIP, net of Dividend Reinvestments 9,357,099 13,772,576
Proceeds from Exercise of Stock Options 133,920 2,231,032
Preferred Dividends Paid (4,680,547) (3,789,747)
Common Dividends Paid, net of Dividend Reinvestments (5,798,374) (4,735,323)
Net Cash Provided by Financing Activities 11,204,611 43,368,136
Net Increase in Cash, Cash Equivalents and Restricted Cash 4,022,400 5,376,944
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 27,891,249 9,349,489
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 31,913,649 $ 14,726,433