BUSINESS SEGMENT DATA (Tables)

12 Months Ended

Dec. 31, 2019

BUSINESS SEGMENT DATA

Schedule of operations in different segments

	Year Ended
	December 31, 2019		December 31, 2018		December 31, 2017
Revenues:
Income Properties	$	41,955,414	$	40,075,731	$	31,406,930
Management Services		304,553		—		—
Commercial Loan Investments		1,829,015		615,728		2,052,689
Real Estate Operations		852,264		2,966,429		5,190,951
Total Revenues	$	44,941,246	$	43,657,888	$	38,650,570
Operating Income:
Income Properties	$	34,955,413	$	31,905,648	$	24,489,187
Management Services		304,553		—		—
Commercial Loan Investments		1,829,015		615,728		2,052,689
Real Estate Operations		747,598		2,375,050		3,770,389
General and Corporate Expense		(25,615,353)		(25,546,893)		(22,567,310)
Gains on Disposition of Assets		21,977,465		22,035,666		38
Total Operating Income	$	34,198,691	$	31,385,199	$	7,744,993
Depreciation and Amortization:
Income Properties	$	15,774,228	$	15,728,095	$	12,272,265
Corporate and Other		23,050		33,428		42,435
Total Depreciation and Amortization	$	15,797,278	$	15,761,523	$	12,314,700
Capital Expenditures:
Income Properties	$	166,683,689	$	108,996,747	$	92,125,062
Commercial Loan Investments		18,046,450		—		3,000,000
Real Estate Operations		2,791,137		4,658,956		—
Discontinued Golf Operations		—		94,734		2,373,894
Corporate and Other		4,348		13,775		128,716
Total Capital Expenditures	$	187,525,624	$	113,764,212	$	97,627,672

	As of
	December 31, 2019		December 31, 2018
Identifiable Assets:
Income Properties	$	464,285,272	$	492,093,615
Commercial Loan Investments		35,742,218		—
Real Estate Operations		65,554,619		14,315,805
Discontinued Land Operations		833,167		20,971,754
Discontinued Golf Operations		—		4,462,477
Corporate and Other		136,870,927		24,486,221
Total Assets	$	703,286,203	$	556,329,872