Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Investment Property and Equipment
Land	$ 74,142	$ 73,704
Site and Land Improvements	666,832	656,721
Buildings and Improvements	28,407	28,153
Rental Homes and Accessories	358,147	349,905
Total Investment Property	1,127,528	1,108,483
Equipment and Vehicles	23,035	22,572
Total Investment Property and Equipment	1,150,563	1,131,055
Accumulated Depreciation	(283,406)	(272,823)
Net Investment Property and Equipment	867,157	858,232
Other Assets
Cash and Cash Equivalents	24,784	15,336
Marketable Securities at Fair Value	108,155	103,172
Inventory of Manufactured Homes	27,548	25,450
Notes and Other Receivables, net	46,497	46,414
Prepaid Expenses and Other Assets	21,797	17,785
Land Development Costs	24,086	20,825
Total Other Assets	252,867	228,982
TOTAL ASSETS	1,120,024	1,087,214
LIABILITIES:
Mortgages Payable, net of unamortized debt issuance costs	468,833	469,279
Other Liabilities:
Accounts Payable	4,667	4,390
Loans Payable, net of unamortized debt issuance costs	75,790	87,009
Accrued Liabilities and Deposits	17,840	17,295
Tenant Security Deposits	7,646	7,433
Total Other Liabilities	105,943	116,127
Total Liabilities	574,776	585,406
Commitments and Contingencies
Shareholders’ Equity:
Series C – 6.75% Cumulative Redeemable Preferred Stock, par value $0.10 per share, 13,750 shares authorized; 9,884 shares issued and outstanding as of March 31, 2021 and December 31, 2020	247,100	247,100
Series D – 6.375% Cumulative Redeemable Preferred Stock, par value $0.10 per share, 9,300 shares authorized; 7,698 and 6,434 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively	192,445	160,854
Common Stock - $0.10 par value per share; 140,364 shares authorized; 43,023 and 41,920 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively	4,302	4,192
Excess Stock - $0.10 par value per share; 3,000 shares authorized; no shares issued or outstanding as of March 31, 2021 and December 31, 2020	0	0
Additional Paid-In Capital	126,765	115,026
Undistributed Income (Accumulated Deficit)	(25,364)	(25,364)
Total Shareholders’ Equity	545,248	501,808
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,120,024	$ 1,087,214