CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Investment properties, net of accumulated depreciation:
Office building and other commercial property	$ 875,198	$ 857,464
Total investment properties, net	875,198	857,464
Cash and cash equivalents	19,738,174	5,223,995
Investments in marketable securities	3,075,718	4,549,745
Other investments	6,039,456	6,412,120
Investment in affiliate	1,637,985	1,757,607
Loans, notes and other receivables	1,796,926	1,561,750
Investment in residential real estate partnership	6,187	1,685,978
Other assets	267,290	108,020
TOTAL ASSETS	33,436,934	22,156,679
LIABILITIES
Note payable to affiliate	1,340,000	1,550,000
Margin payable	9,857,918	267,198
Dividends payable	506,646	0
Accounts payable, accrued expenses and other liabilities	370,632	119,171
Amounts due to the Adviser for incentive fee	40,426	43,279
Deferred income tax payable	47,888	84,153
TOTAL LIABILITIES	12,163,510	2,063,801
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 shares authorized, 1,046,393 and 1,035,493 shares issued as of December 31, 2018 and December 31, 2017, respectively	1,046,393	1,035,493
Additional paid-in capital	24,157,986	24,076,991
Less: Treasury shares at cost 33,101 shares	(340,281)	(340,281)
Undistributed gains from sales of properties, net of losses	54,642,764	52,208,753
Undistributed losses from operations	(58,473,807)	(57,120,990)
Total stockholders' equity	21,033,055	19,859,966
Noncontrolling interest	240,369	232,912
TOTAL EQUITY	21,273,424	20,092,878
TOTAL LIABILITIES AND EQUITY	$ 33,436,934	$ 22,156,679