BUSINESS SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2019

BUSINESS SEGMENT DATA

Schedule of operations in different segments

	Three Months Ended				Six Months Ended
	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Revenues:
Income Properties	$	10,375,295	$	9,781,299	$	21,099,713	$	18,987,026
Commercial Loan Investments		52,765		273,467		52,765		574,466
Real Estate Operations		7,510,771		2,495,501		11,045,672		16,486,018
Total Revenues	$	17,938,831	$	12,550,267	$	32,198,150	$	36,047,510
Operating Income:
Income Properties	$	8,740,575	$	7,746,410	$	17,532,505	$	15,083,108
Commercial Loan Investments		52,765		273,467		52,765		574,466
Real Estate Operations		3,030,172		1,620,059		4,939,804		14,069,742
General and Corporate Expense		(6,193,763)		(6,184,727)		(12,041,670)		(12,805,098)
Gains on Disposition of Assets		11,811,907		18,384,808		18,681,864		22,035,666
Total Operating Income	$	17,441,656	$	21,840,017	$	29,165,268	$	38,957,884
Depreciation and Amortization:
Income Properties	$	4,068,968	$	3,746,762	$	7,408,824	$	7,534,177
Corporate and Other		5,619		8,784		12,050		18,192
Total Depreciation and Amortization	$	4,074,587	$	3,755,546	$	7,420,874	$	7,552,369
Capital Expenditures:
Income Properties	$	40,972,487	$	969,326	$	41,030,492	$	28,884,588
Commercial Loan Investments		7,840,000		—		7,840,000		—
Real Estate Operations		1,028,984		1,393,811		1,899,493		3,505,794
Golf Operations		—		22,217		—		24,880
Corporate and Other		—		10,785		2,061		11,338
Total Capital Expenditures	$	49,841,471	$	2,396,139	$	50,772,046	$	32,426,600

	As of
	June 30, 2019		December 31, 2018
Identifiable Assets:
Income Properties	$	469,117,952	$	492,093,615
Commercial Loan Investments		9,166,097		—
Real Estate Operations		32,176,700		35,287,559
Golf Operations-Held for Sale		4,603,403		4,462,477
Corporate and Other		62,459,154		24,486,221
Total Assets	$	577,523,306	$	556,329,872