CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Investment properties, net of accumulated depreciation:
Office building and other commercial property	$ 864,349	$ 833,680
Total investment properties, net	864,349	833,680
Cash and cash equivalents	3,019,463	11,213,385
Investments in marketable securities	7,750,661	10,507,750
Other investments	5,307,765	3,895,317
Investment in affiliate	1,880,854	2,061,706
Loans, notes and other receivables	1,623,151	1,260,620
Investment in residential real estate partnership	2,039,714	2,322,695
Other assets	291,464	129,755
TOTAL ASSETS	22,777,421	32,224,908
LIABILITIES
Note payable to affiliate	1,600,000	1,800,000
Margin payable	48,803	7,999,166
Dividends payable	501,196	517,747
Accounts payable, accrued expenses and other liabilities	87,536	23,132
Amounts due to the Adviser	65,959	36,799
Deferred income tax payable	76,327	217,000
TOTAL LIABILITIES	2,379,821	10,593,844
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Excess common stock, $1 par value; 100,000 shares authorized: no shares issued	0	0
Common stock, $1 par value; 1,050,000 and 1,200,000 shares authorized as of December 31, 2016 and 2015, respectively; and 1,035,493 and 1,053,926 issued as of December 31, 2016 and 2015, respectively	1,035,493	1,053,926
Additional paid-in capital	24,076,991	24,255,614
Less: Treasury shares at cost (33,101 and 18,433 shares as of December 31, 2016 and 2015, respectively)	(340,281)	(223,798)
Undistributed gains from sales of properties, net of losses	52,208,753	52,709,950
Undistributed losses from operations	(56,806,766)	(56,375,340)
Total stockholders’ equity	20,174,190	21,420,352
Noncontrolling interest	223,410	210,712
TOTAL EQUITY	20,397,600	21,631,064
TOTAL LIABILITIES AND EQUITY	$ 22,777,421	$ 32,224,908