Consolidated Statements of Income (Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
INCOME:
Rental and Related Income	$ 28,237,771	$ 25,293,961	$ 55,508,248	$ 49,824,316
Sales of Manufactured Homes	3,860,779	3,523,887	6,386,266	5,442,081
Total Income	32,098,550	28,817,848	61,894,514	55,266,397
EXPENSES:
Community Operating Expenses	12,715,180	11,871,578	25,469,996	23,351,937
Cost of Sales of Manufactured Homes	2,913,825	2,746,689	4,893,996	4,249,898
Selling Expenses	1,085,244	865,462	1,889,316	1,624,841
General and Administrative Expenses	3,282,682	2,634,309	5,641,238	4,836,611
Depreciation Expense	7,764,258	6,740,205	15,358,892	13,280,443
Total Expenses	27,761,189	24,858,243	53,253,438	47,343,730
OTHER INCOME (EXPENSE):
Interest Income	536,176	495,778	1,006,406	969,137
Dividend Income	2,474,180	1,795,600	4,899,320	3,646,840
Other Investment Income (Loss), net	16,623,670	1,019,877	(9,255,042)	1,051,768
Other Income	132,516	417,487	199,979	465,591
Interest Expense	(3,966,992)	(4,112,214)	(7,547,460)	(8,169,944)
Total Other Income (Expense)	15,799,550	(383,472)	(10,696,797)	(2,036,608)
Income (Loss) before Gain (Loss) on Sales of Investment Property and Equipment	20,136,911	3,576,133	(2,055,721)	5,886,059
Gain (Loss) on Sales of Investment Property and Equipment	(64,927)	13,738	(80,632)	(10,642)
Net Income (Loss)	20,071,984	3,589,871	(2,136,353)	5,875,417
Less: Preferred Dividends	5,123,257	3,789,747	10,069,430	7,579,494
Net Income (Loss) Attributable to Common Shareholders	$ 14,948,727	$ (199,876)	$ (12,205,783)	$ (1,704,077)
Basic Income (Loss) Per Share:
Net Income (Loss)	$ 0.55	$ 0.11	$ (0.06)	$ 0.19
Less: Preferred Dividends	0.14	0.12	0.28	0.25
Net Income (Loss) Attributable to Common Shareholders	0.41	(0.01)	(0.34)	(0.06)
Diluted Income (Loss) Per Share:
Net Income (Loss)	0.54	0.11	(0.06)	0.19
Less: Preferred Dividends	0.14	0.12	0.28	0.25
Net Income (Loss) Attributable to Common Shareholders	$ 0.40	$ (0.01)	$ (0.34)	$ (0.06)
Weighted Average Common Shares Outstanding:
Basic	36,600,643	31,769,287	36,245,684	30,888,218
Diluted	36,971,345	31,769,287	36,245,684	30,888,218