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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 47,380,476 $ 104,692,318
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 758,577 700,357
Impairment charges 2,100,000  
Bad debt expense 30,000 18,000
Net periodic pension benefit cost (income) 264,442 (3,467)
Deferred income taxes (61,649,000) 61,649,000
Decrease (increase) in assets:    
Rent receivable 34,812 (35,622)
Deferred rent receivable 6,681 (62,435)
Prepaid expenses and other assets (149,923) (67,327)
Increase (decrease) in liabilities:    
Accounts payable 1,911,545 283,405
Accrued liabilities 5,027,148 46,351
Deferred rent liability 55,372 (1,180)
Tenant security deposits 3,932 (20,539)
Total adjustments (51,606,414) 62,506,543
Net cash (used in) provided by operating activities (4,225,938) 167,198,861
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of building improvements and equipment (499,983) (311,461)
Land development costs (80,751) (81,642)
Purchases of marketable securities   (5,350,518)
Principal repayments of investments in marketable securities 865,941 526,159
Net cash provided by (used in) investing activities 285,207 (5,217,462)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on mortgage loans payable (5,013,415) (461,466)
Loan origination fees paid   (2,471)
Other equity transactions, net   6,436
Net cash used in financing activities (5,013,415) (457,501)
Net (decrease) increase in cash and cash equivalents (8,954,146) 161,523,898
Cash and cash equivalents at beginning of period 94,164,722 10,375,994
Cash and cash equivalents at end of period 85,210,576 171,899,892
Supplemental cash flow information:    
Interest paid 26,637 770,028
Income and excise taxes paid 3,466,878  
Non-cash investing and financing activities    
Dividends payable $ 98,685,000