Investment Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2016

Real Estate [Abstract]

Schedule of Estimated Fair Value of Assets Acquired

The following table summarizes the estimated fair value of the assets acquired for the year ended December 31, 2016 and 2015:

	Fair Value at Acquisition Date
	2016 Acquisitions		2015 Acquisitions
Assets Acquired:
Land	$	2,000,000	$	6,109,300
Depreciable Property		5,277,000		74,889,775
Other		-0-		217,925
Total Assets Acquired	$	7,277,000	$	81,217,000

Schedule of Community Net Operating Income and Net Income (Loss) Acquired

Total Income, Community Net Operating Income (“Community NOI”)* and Net Income (Loss) for communities acquired in 2016 and 2015, which are included in our Consolidated Statements of Income (Loss) for the years ended December 31, 2016 and 2015, are as follows:

	2016 Acquisitions		2015 Acquisitions
	2016		2016			2015
Total Income	$	172,050	$	10,044,476		$	3,495,116
Community NOI *	$	103,578	$	5,315,690		$	1,935,101
Net Income (Loss)	$	3,051	$	(574,201	)	$	(226,870	)

*Community NOI is defined as rental and related income less community operating expenses.

Summary of Accumulated Depreciation By Major Classes of Assets

The following is a summary of accumulated depreciation by major classes of assets:

	December 31, 2016		December 31, 2015
Site and Land Improvements	$	99,161,090	$	85,654,138
Buildings and Improvements		4,947,543		4,217,886
Rental Homes and Accessories		24,906,990		17,767,602
Equipment and Vehicles		11,239,980		10,121,520
Total Accumulated Depreciation	$	140,255,603	$	117,761,146