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SUPPLEMENTAL CASH FLOW INFORMATION
12 Months Ended
Dec. 31, 2020
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, 2020, 2019 and 2018 was $18.3 million, $18.4 million and $16.4 million, respectively. Interest cost capitalized to land development during the years ended December 31, 2020, 2019 and 2018 was $1.3 million, $1.5 million and $1.0 million, respectively.

 

During the years ended December 31, 2020, 2019 and 2018, the Company assumed mortgages totaling $2.7 million, $19.4 million and $4.6 million, respectively for the acquisition of communities.

 

During the years ended December 31, 2020, 2019 and 2018, land development costs of $11.9 million, $17.5 million and $10.1 million, respectively were transferred to investment property and equipment and placed in service.

 

 

During the years ended December 31, 2020, 2019 and 2018, the Company had dividend reinvestments of $3.2 million, $7.7 million and $5.1 million, respectively which required no cash transfers.