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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Property, Plant, and Equipment:    
Total Property, Plant, and Equipment $ 444,986,266 $ 393,268,984
Less, Accumulated Depreciation and Amortization (30,021,894) (24,518,215)
Property, Plant, and Equipment—Net 414,964,372 368,750,769
Land and Development Costs 22,824,001 25,764,633
Intangible Lease Assets—Net 46,133,215 43,555,445
Assets Held for Sale—See Note 21 4,603,403 75,866,510
Investment in Joint Venture 6,821,449 6,788,034
Impact Fee and Mitigation Credits 447,596 462,040
Commercial Loan Investments 7,847,431  
Cash and Cash Equivalents 2,621,257 2,310,489
Restricted Cash 59,035,150 19,721,475
Refundable Income Taxes   225,024
Other Assets—See Note 10 12,225,432 12,885,453
Total Assets 577,523,306 556,329,872
Liabilities:    
Accounts Payable 704,977 1,036,547
Accrued and Other Liabilities—See Note 15 6,047,864 5,197,884
Deferred Revenue—See Note 16 7,303,410 7,201,604
Intangible Lease Liabilities—Net 26,783,537 27,390,350
Liabilities Held for Sale—See Note 21 1,533,155 1,347,296
Income Taxes Payable 28,970  
Deferred Income Taxes—Net 58,745,748 54,769,907
Long-Term Debt 278,875,235 247,624,811
Total Liabilities 380,022,896 344,568,399
Commitments and Contingencies—See Note 19
Shareholders' Equity:    
Common Stock – 25,000,000 shares authorized; $1 par value, 6,074,131 shares issued and 4,926,397 shares outstanding at June 30, 2019; 6,052,209 shares issued and 5,436,952 shares outstanding at December 31, 2018 6,014,536 5,995,257
Treasury Stock – 1,147,734 shares at June 30, 2019 and 615,257 shares at December 31, 2018 (63,441,664) (32,345,002)
Additional Paid-In Capital 25,450,060 24,326,778
Retained Earnings 229,333,766 213,297,897
Accumulated Other Comprehensive Income 143,712 486,543
Total Shareholders' Equity 197,500,410 211,761,473
Total Liabilities and Shareholders’ Equity 577,523,306 556,329,872
Income Properties, Land, Buildings, and Improvements    
Property, Plant, and Equipment:    
Total Property, Plant, and Equipment 444,194,297 392,520,783
Other Furnishings and Equipment    
Property, Plant, and Equipment:    
Total Property, Plant, and Equipment 730,878 728,817
Construction in Progress    
Property, Plant, and Equipment:    
Total Property, Plant, and Equipment $ 61,091 $ 19,384