PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2018

PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES

Schedule of Types of Real Estate Properties by Location

Residential Property	Location	No. of Properties	Units
	North Dakota	99	5,951
	Minnesota	16	3,027
	Missouri	1	164
	Nebraska	2	316
		118	9,458
Commercial Property	Location	No. of Properties	Sq. Ft
	North Dakota	20	805,000
	Arkansas	2	29,000
	Colorado	1	13,000
	Iowa	1	33,000
	Louisiana	1	15,000
	Michigan	1	12,000
	Minnesota	15	683,000
	Mississippi	1	15,000
	Nebraska	1	16,000
	Texas	1	7,000
	Wisconsin	5	63,000
		49	1,691,000

Summary of Estimated Useful Life

Buildings and improvements	40 years
Furniture, fixtures and equipment	5-9 years

Schedule of cash flows that were reclassified

	Three Months Ended
	March 31, 2017
		As Originally		Reclassification		As Presented
	Presented		Adjustments		Herein
	(in thousands)
Cash Flows from Operating Activities:
Restricted deposits - tenant security deposits	$	(104)	$	104	$	—
Restricted deposits - real estate tax and insurance escrow	$	1,058	$	(1,058)	$	—
Net cash provided by operating activities	$	7,456	$	(954)	$	6,502
Cash Flows from Investing Activities
Restricted deposits - replacement reserves	$	(1,627)	$	1,627	$	—
Net cash provided by Investing activities	$	(4,158)	$	1,627	$	(2,531)
Cash and cash equivalents, beginning of period	$	12,034
(adjustments for restricted deposits, beginning of period)			$	7,236
Cash and cash equivalents and restricted deposits, beginning of period					$	19,270
Cash and cash equivalents, end of period	$	20,997
(adjustments for restricted deposits, end of period)			$	7,909
Cash and cash equivalents and restricted deposits, end of period					$	28,906