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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Property, Plant, and Equipment:    
Total Property, Plant, and Equipment $ 473,588,296 $ 393,268,984
Less, Accumulated Depreciation and Amortization (32,696,922) (24,518,215)
Property, Plant, and Equipment—Net 440,891,374 368,750,769
Land and Development Costs 23,520,982 25,764,633
Intangible Lease Assets—Net 49,195,221 43,555,445
Assets Held for Sale—See Note 21 4,502,635 75,866,510
Investment in Joint Venture 6,850,594 6,788,034
Impact Fee and Mitigation Credits 447,596 462,040
Commercial Loan Investments 32,419,693 0
Cash and Cash Equivalents 5,411,727 2,310,489
Restricted Cash 6,213,295 19,721,475
Refundable Income Taxes   225,024
Other Assets—See Note 10 14,008,249 12,885,453
Total Assets 583,461,366 556,329,872
Liabilities:    
Accounts Payable 2,624,096 1,036,547
Accrued and Other Liabilities—See Note 15 5,627,474 5,197,884
Deferred Revenue—See Note 16 7,457,665 7,201,604
Intangible Lease Liabilities—Net 26,059,614 27,390,350
Liabilities Held for Sale—See Note 21 1,729,049 1,347,296
Income Taxes Payable 112,896  
Deferred Income Taxes—Net 58,761,619 54,769,907
Long-Term Debt 282,087,031 247,624,811
Total Liabilities 384,459,444 344,568,399
Commitments and Contingencies—See Note 19
Shareholders' Equity:    
Common Stock – 25,000,000 shares authorized; $1 par value, 6,075,462 shares issued and 4,927,728 shares outstanding at September 30, 2019; 6,052,209 shares issued and 5,436,952 shares outstanding at December 31, 2018 6,015,867 5,995,257
Treasury Stock – 1,147,734 shares at September 30, 2019 and 615,257 shares at December 31, 2018 (63,441,664) (32,345,002)
Additional Paid-In Capital 26,062,021 24,326,778
Retained Earnings 230,284,293 213,297,897
Accumulated Other Comprehensive Income 81,405 486,543
Total Shareholders' Equity 199,001,922 211,761,473
Total Liabilities and Shareholders’ Equity 583,461,366 556,329,872
Income Properties, Land, Buildings, and Improvements    
Property, Plant, and Equipment:    
Total Property, Plant, and Equipment 472,444,875 392,520,783
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 $ 412,543 $ 19,384