BUSINESS SEGMENT DATA (Tables)

9 Months Ended

Sep. 30, 2019

BUSINESS SEGMENT DATA

Schedule of operations in different segments

	Three Months Ended				Nine Months Ended
	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Revenues:
Income Properties	$	10,260,831	$	9,360,155	$	31,360,544	$	28,347,181
Commercial Loan Investments		855,559		41,262		908,324		615,728
Real Estate Operations		631,741		8,012,509		11,677,413		24,498,527
Total Revenues	$	11,748,131	$	17,413,926	$	43,946,281	$	53,461,436
Operating Income:
Income Properties	$	8,784,543	$	7,586,315	$	26,317,048	$	22,669,423
Commercial Loan Investments		855,559		41,262		908,324		615,728
Real Estate Operations		289,593		2,435,018		5,229,397		16,504,760
General and Corporate Expense		(6,547,564)		(5,684,515)		(18,589,234)		(18,489,613)
Gains on Disposition of Assets		2,187,332		—		20,869,196		22,035,666
Total Operating Income	$	5,569,463	$	4,378,080	$	34,734,731	$	43,335,964
Depreciation and Amortization:
Income Properties	$	4,281,286	$	3,748,388	$	11,690,110	$	11,282,566
Corporate and Other		5,550		8,119		17,600		26,310
Total Depreciation and Amortization	$	4,286,836	$	3,756,507	$	11,707,710	$	11,308,876
Capital Expenditures:
Income Properties	$	50,099,717	$	403,967	$	91,130,209	$	29,288,555
Commercial Loan Investments		8,167,500		—		16,007,500		—
Real Estate Operations		694,310		262,436		2,593,803		3,768,230
Golf Operations		—		86,731		—		111,611
Corporate and Other		—		—		2,061		11,338
Total Capital Expenditures	$	58,961,527	$	753,134	$	109,733,573	$	33,179,734

	As of
	September 30, 2019		December 31, 2018
Identifiable Assets:
Income Properties	$	499,736,443	$	492,093,615
Commercial Loan Investments		33,690,225		—
Real Estate Operations		32,817,701		35,287,559
Golf Operations-Held for Sale		4,502,635		4,462,477
Corporate and Other		12,714,362		24,486,221
Total Assets	$	583,461,366	$	556,329,872