CTO Realty Growth (CTO) 10-Q 6 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 22, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	CTO
Entity Registrant Name	CONSOLIDATED TOMOKA LAND CO
Entity Central Index Key	23795
Current Fiscal Year End Date	-19
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		5,905,996

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
Property, Plant, and Equipment:
Income Properties, Land, Buildings, and Improvements	$184,562,408	$191,634,698
Golf Buildings, Improvements, and Equipment	3,339,194	3,323,177
Other Furnishings and Equipment	1,016,497	1,008,150
Construction in Progress	10,532
Total Property, Plant, and Equipment	188,928,631	195,966,025
Less, Accumulated Depreciation and Amortization	-15,196,389	-15,177,102
Property, Plant, and Equipment - Net	173,732,242	180,788,923
Land, Timber, and Development Costs	38,290,326	38,071,264
Intangible Assets - Net	9,618,115	10,352,123
Assets Held for Sale	6,166,700
Impact Fee and Mitigation Credits	4,842,758	5,195,764
Commercial Loan Investments	30,383,234	30,208,074
Cash and Cash Equivalents	25,078,783	1,881,195
Restricted Cash	5,383,695	4,440,098
Investment Securities	5,410,628	821,436
Refundable Income Taxes	665,474	267,280
Other Assets	5,516,162	4,566,291
Total Assets	305,088,117	276,592,448
Liabilities:
Accounts Payable	1,219,261	859,225
Accrued and Other Liabilities	5,330,198	6,071,202
Deferred Revenue	1,926,016	2,718,543
Accrued Stock-Based Compensation	317,849	560,326
Deferred Income Taxes - Net	35,510,568	34,038,442
Long-Term Debt	129,332,812	103,940,011
Total Liabilities	173,636,704	148,187,749
Shareholders' Equity:
Common Stock -25,000,000 shares authorized; $1 par value, 5,946,341 shares issued and 5,905,871 shares outstanding at March 31, 2015; 5,922,130 shares issued and 5,881,660 shares outstanding at December 31, 2014	5,870,008	5,862,063
Treasury Stock - 40,470 shares at March 31, 2015 and December 31, 2014	-1,381,566	-1,381,566
Additional Paid-In Capital	13,827,191	11,289,846
Retained Earnings	112,914,471	112,561,115
Accumulated Other Comprehensive Income	221,309	73,241
Total Shareholders' Equity	131,451,413	128,404,699
Total Liabilities and Shareholders' Equity	$305,088,117	$276,592,448

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common Stock, shares authorized	25,000,000	25,000,000
Common Stock, par value	$1	$1
Common Stock, shares issued	5,946,341	5,922,130
Common Stock, shares outstanding	5,905,871	5,881,660
Treasury Stock, shares held	40,470	40,470

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenues
Income Properties	$4,260,675	$3,404,359
Interest Income from Commercial Loan Investments	631,484	943,890
Real Estate Operations	859,801	1,349,247
Golf Operations	1,537,426	1,417,379
Agriculture and Other Income	18,939	57,844
Total Revenues	7,308,325	7,172,719
Direct Cost of Revenues
Income Properties	-640,846	-340,019
Real Estate Operations	-598,723	-251,950
Golf Operations	-1,389,612	-1,333,026
Agriculture and Other Income	-55,151	-61,413
Total Direct Cost of Revenues	-2,684,332	-1,986,408
General and Administrative Expenses	-1,469,766	-1,510,434
Impairment Charges	-510,041	0
Depreciation and Amortization	-1,155,739	-772,008
Gain on Disposition of Assets	5,440
Total Operating Expenses	-5,814,438	-4,268,850
Operating Income	1,493,887	2,903,869
Investment Income	150,459	13,947
Interest Expense	-1,066,502	-467,651
Income Before Income Tax Expense	577,844	2,450,165
Income Tax Expense	-224,488	-949,758
Net Income	$353,356	$1,500,407
Per Share Information:Basic and Diluted
Net Income	$0.06	$0.26
Dividends Declared and Paid	$0	$0

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Net Income	$353,356	$1,500,407
Other Comprehensive Income
Realized Gain on Investment Securities Sold (Net of Tax of $(49,240) and $-0- for the three months ended March 31, 2015 and 2014, respectively)	-81,551
Unrealized Gain on Investment Securities (Net of Tax of $144,200 and $27,245 for the three months ended March 31, 2015 and 2014, respectively)	229,619	43,383
Total Other Comprehensive Income, Net of Tax	148,068	43,383
Total Comprehensive Income	$501,424	$1,543,790

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income realized Gain on Investment Securities, tax	($49,240)	$0
Other Comprehensive Income Unrealized Gain on Investment Securities, tax	$144,200	$27,245

Consolidated_Statements_of_Sha

Consolidated Statements of Shareholders' Equity (Unaudited) (USD $)	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance at Dec. 31, 2014	$128,404,699	$5,862,063	($1,381,566)	$11,289,846	$112,561,115	$73,241
Net Income	353,356				353,356
Equity Component of Convertible Debt	2,130,002			2,130,002
Exercise of Stock Options	196,106	4,150		191,956
Vested Restricted Stock	-29,563	3,556		-33,119
Stock Issuance	12,481	239		12,242
Stock Compensation Expense from Restricted Stock Grants and Equity Classified Stock Options	236,264			236,264
Other Comprehensive Income, Net of Tax	148,068					148,068
Ending balance at Mar. 31, 2015	$131,451,413	$5,870,008	($1,381,566)	$13,827,191	$112,914,471	$221,309

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash Flow from Operating Activities:
Net Income	$353,356	$1,500,407
Adjustments to Reconcile Net Income to Net Cash Used In Operating Activities:
Depreciation and Amortization	1,155,739	772,008
Loan Cost Amortization	72,537	54,775
Amortization of Discount on Convertible Debt	25,458
Amortization of Discount on Debt Securities within Investment Securities	-1,691
Gain (Loss) on Disposition Property, Plant, and Equipment and Intangible Assets	-5,440
Impairment Charges	510,041	0
Discount Accretion on Commercial Loan Investments		-649,658
Accretion of Commercial Loan Investments Origination Fees	-13,364
Amortization of Fees on Acquisition of Commercial Loan Investments		29,711
Realized Gain on Investment Securities	-130,791
Deferred Income Taxes	39,522	-150,335
Non-Cash Stock-Based Compensation	75,352	291,092
Decrease (Increase) in Assets:
Refundable Income Taxes	-398,194
Land and Development Costs	-219,062	-316,656
Impact Fees and Mitigation Credits	353,006	72,735
Net Pension Asset		-28,379
Other Assets	-1,022,408	-536,098
Increase (Decrease) in Liabilities:
Accounts Payable	360,036	184,636
Accrued and Other Liabilities	-702,480	-403,891
Deferred Revenue	-792,527	-1,005,563
Income Taxes Payable		60,092
Net Cash Used In Operating Activities	-340,910	-125,124
Cash Flow from Investing Activities:
Acquisition of Property, Plant, and Equipment	-81,375	-839,876
Acquisition of Commercial Loan Investment	-161,796	-5,000,000
Increase in Restricted Cash	-943,597	-445,948
Proceeds from Sales of Investment Securities	834,964
Acquisition of Investment Securities	-5,048,646
Proceeds from Disposition of Property, Plant, and Equipment, Net	6,500
Principal Payments Received on Commercial Loan Investment		19,465,000
Net Cash Provided by (Used In) Investing Activities	-5,393,950	13,179,176
Cash Flow from Financing Activities:
Proceeds from Long-Term Debt	76,375,000	2,000,000
Payments on Long-Term Debt	-47,540,011	-18,000,000
Cash Proceeds from Exercise of Stock Options	127,022
Cash Used to Purchase Common Stock		-927,912
Cash from Excess Tax Benefit (Expense) from Vesting of Restricted Stock	-29,563
Net Cash Provided By (Used In) Financing Activities	28,932,448	-16,927,912
Net Increase (Decrease) in Cash	23,197,588	-3,873,860
Cash, Beginning of Year	1,881,195	4,932,512
Cash, End of Period	$25,078,783	$1,058,652

Consolidated_Statements_of_Cas1

Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income taxes paid	$577,000	$1,000,000
Interest paid	815,000	378,000
Interest paid, capitalized	0	6,700
Decrease in long-term debt	7,936,882
Increase in deferred income taxes	1,337,644
Convertible notes face amount	135,400,000
4.50% Convertible Senior Notes due 2020 [Member]
Debt instrument maturity year	2020
Equity component of the convertible notes issued	2,100,000
Decrease in long-term debt	3,400,000
Increase in deferred income taxes	1,337,644
Convertible notes face amount	$75,000,000

Description_of_Business_and_Pr

Description of Business and Principles of Interim Statements	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Description of Business and Principles of Interim Statements	NOTE 1. DESCRIPTION OF BUSINESS AND PRINCIPLES OF INTERIM STATEMENTS
	Description of Business
	The terms “us,” “we,” “our,” and “the Company” as used in this report refer to Consolidated-Tomoka Land Co. together with our consolidated subsidiaries.
	We are a diversified real estate operating company. We own and manage forty-three commercial real estate properties in ten states in the U.S. As of March 31, 2015, we owned thirty-six single-tenant and seven multi-tenant income-producing properties with over 1,100,000 square feet of gross leasable space. We also own and manage a land portfolio of over 10,500 acres. As of March 31, 2015, we had five commercial loan investments including one fixed-rate and one variable–rate mezzanine commercial mortgage loan, a variable-rate B-Note, and two variable-rate first mortgage loans. Our golf operations consist of the LPGA International golf club, which is managed by a third party. We also lease property for twenty-one billboards, have agricultural operations that are managed by a third party, which consists of leasing land for hay and sod production, timber harvesting, and hunting leases, and own and manage subsurface interests. The results of our agricultural and subsurface leasing operations are included in Agriculture and Other Income and Real Estate Operations, respectively, in our consolidated statements of operations.
	Interim Financial Information
	The accompanying unaudited consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. These unaudited consolidated financial statements do not include all of the information and notes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements and should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, which provides a more complete understanding of the Company’s accounting policies, financial position, operating results, business properties, and other matters. The unaudited consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary to present fairly the financial position of the Company and the results of operations for the interim periods.
	The results of operations for the three months ended March 31, 2015 are not necessarily indicative of results to be expected for the year ending December 31, 2015.
	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. Any real estate entities or properties included in the consolidated financial statements have been consolidated only for the periods that such entities or properties were owned or under control by us. All significant inter-company balances and transactions have been eliminated in the consolidated financial statements.
	Use of Estimates in Preparation of Financial Statements
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Because of the fluctuating market conditions that currently exist in the Florida and national real estate markets, and the volatility and uncertainty in the financial and credit markets, it is possible that the estimates and assumptions, most notably those related to the Company’s investment in income properties and net pension asset, could change materially during the time span associated with the continued volatility of the real estate and financial markets or as a result of a significant dislocation in those markets.
	Cash and Cash Equivalents
	Cash and cash equivalents include cash on hand and bank demand accounts.
	Restricted Cash
	Restricted cash totaled approximately $5.4 million at March 31, 2015 of which approximately $3.2 million of cash is being held in escrow from the sale of the income property in Apopka, Florida to be reinvested through the like-kind exchange structure into another income property. On April 1, 2015, the Company completed the like-kind exchange related to the sale of the income property in Apopka, Florida and the approximately $3.2 million in cash became unrestricted. As of March 31, 2015, approximately $968,000 was being held as cash collateral in connection with a $940,000 letter of credit outstanding under the Credit Facility. The letter of credit was terminated on April 9, 2015 and as a result, the cash collateral became unrestricted cash. Additionally, approximately $571,000 is being held in a reserve related to certain required tenant improvements for the Lowes in Katy, Texas, approximately $266,000 is being held in a reserve primarily for property taxes and insurance escrows in connection with our financing of two properties acquired in January 2013, approximately $285,000 is being held in escrow related to a land transaction which closed in December 2013, and a combined approximately $138,000 is being held in reserves for future interest and property tax payments in connection with two of our commercial loan investments.
	Purchase Accounting for Acquisitions of Real Estate Subject to a Lease
	In accordance with the Financial Accounting Standards Board (“FASB”) guidance on business combinations, the fair value of the real estate acquired with in-place leases is allocated to the acquired tangible assets, consisting of land, building and tenant improvements, and identified intangible assets, consisting of the value of in-place leases, above and below market in-place leases, and leasing costs, based in each case on their relative fair values. The Company has determined that income property purchases with a pre-existing lease at the time of acquisition qualify as a business combination, in which case acquisition costs are expensed in the period the transaction closes. For income property purchases in which a new lease is originated at the time of acquisition, the Company has determined that these asset purchases are outside the scope of the business combination standards and accordingly, the acquisition costs are capitalized with the purchase.
	Investment Securities
	In accordance with ASC Topic 320, Investments – Debt and Equity Securities, the Company’s debt and equity securities investments have been determined to be equity securities classified as available-for-sale. Available-for-sale securities are carried at fair value in the consolidated balance sheets, with the unrealized gains and losses, net of tax, reported in other comprehensive income. The amortized cost of debt securities in this category is adjusted for amortization of premiums and accretion of discounts to maturity computed under a method that approximates the effective interest method. Such amortization is included in investment income.
	Realized gains and losses, and declines in value judged to be other-than-temporary related to equity securities, are included in investment income in the consolidated statements of operations. With respect to debt securities, when the fair value of a debt security classified as available-for-sale is less than its amortized cost, management assesses whether or not: (i) it has the intent to sell the security or (ii) it is more likely than not that the Company will be required to sell the security before its anticipated recovery. If either of these conditions are met, the Company must recognize an other-than-temporary impairment through earnings for the differences between the debt security’s amortized cost basis and its fair value, and such amount is included in investment income in the consolidated statements of operations. There were no other-than-temporary impairments during the three months ended March 31, 2015 or 2014.
	The cost of securities sold is based on the specific identification method. Interest and dividends on securities classified as available-for-sale are included in investment income in the consolidated statements of operations.
	The fair value of the Company’s available-for-sale equity securities are measured quarterly, on a recurring basis, using Level 1 inputs, or quoted prices for identical, actively traded assets. The fair value of the Company’s available-for-sale debt securities are measured quarterly, on a recurring basis, using Level 2 inputs.
	Fair Value of Financial Instruments
	The carrying amounts of the Company’s financial assets and liabilities including cash and cash equivalents, restricted cash, investment securities, accounts receivable, and accounts payable at March 31, 2015 and December 31, 2014, approximate fair value because of the short maturity of these instruments. The carrying amount of the Company’s investments in commercial loans approximate fair value at March 31, 2015 and December 31, 2014, since the floating and fixed rates of the loans reasonably approximates current market rates for notes with similar risks and maturities. The carrying amount of the Company’s long-term debt approximates fair value at March 31, 2015 and December 31, 2014, since the floating rate of our credit facility and the fixed rates of our secured financings reasonably approximate current market rates for notes with similar risks and maturities.
	Fair Value Measurements
	The Company’s estimates of fair value of financial and non-financial assets and liabilities based on the framework established in the fair value accounting guidance. The framework specifies a hierarchy of valuation inputs which was established to increase consistency, clarity and comparability in fair value measurements and related disclosures. The guidance describes a fair value hierarchy based upon three levels of inputs that may be used to measure fair value, two of which are considered observable and one that is considered unobservable. The following describes the three levels:
		•	Level 1 – Valuation is based upon quoted prices in active markets for identical assets or liabilities.
		•	Level 2 – Valuation is based upon inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
		•	Level 3 – Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include option pricing models, discounted cash flow models and similar techniques.
	Impact Fees and Mitigation Credits
	Impact fees and mitigation credits are stated at the lower of cost or market. As these assets are sold, the related revenues and cost basis are reported as revenues from and direct costs of real estate operations, respectively, in the consolidated statements of operations.
	Classification of Loans
	Loans held for investment are stated at the principal amount outstanding and include the unamortized deferred loan fees in accordance with GAAP.
	Commercial Loan Investment Impairment
	The Company’s commercial loans are held for investment. For each loan, the Company evaluates the performance of the collateral property and the financial and operating capabilities of the borrower/guarantor, in part, to assess whether any deterioration in the credit has occurred and for possible impairment of the loan. Impairment would reflect the Company’s determination that it is probable that all amounts due according to the contractual terms of the loan would not be collected. Impairment is measured based on the present value of the expected future cash flows from the loan discounted at the effective rate of the loan or the fair value of the collateral. Upon measurement of impairment, the Company would record an allowance to reduce the carrying value of the loan with a corresponding recognition of loss in the results of operations. Significant exercise of judgment is required in determining impairment, including assumptions regarding the estimate of expected future cash flows, collectability of the loan, the value of the underlying collateral and other provisions including guarantees. The Company has determined that, as of March 31, 2015, no allowance for impairment was required.
	Recognition of Interest Income from Commercial Loan Investments
	Interest income on commercial loan investments includes interest payments made by the borrower and the accretion of purchase discounts and loan origination fees, offset by the amortization of fees. Interest payments are accrued based on the actual coupon rate and the outstanding principal balance and purchase discounts and origination fees are accreted into income using the effective yield method, adjusted for prepayments.
	Reclassifications
	Certain items in the prior period’s consolidated balance sheet and statement of operations have been reclassified to conform to the presentation as of and for the three months ended March 31, 2015. Specifically, land, timber, and subsurface interests were previously stated as a separate line item within property, plant, and equipment and accumulated depreciation on the consolidated balance sheets and are now included with land, timber, and development costs as all of the costs are related to the Company’s land portfolio of over 10,500 acres. The amount reclassified to land, timber, and development costs was approximately $14.9 million as of December 31, 2014. Also, third-party purchase price allocations performed during the three months ended March 31, 2015 related to three 2014 income property acquisitions resulted in a revised allocation between income properties, land, buildings, and improvements, intangible assets, and accrued and other liabilities. As of December 31, 2014, the reclassifications made relating to the purchase price allocations were to increase intangible assets by approximately $3.0 million, decrease income properties, land, buildings, and improvements by approximately $2.3 million, and increase accrued and other liabilities by approximately $670,000. In addition, revenue and cost of sales related to impact fees sold were previously reported net in the consolidated statements of income. Current presentation reports the revenues and cost basis of impact fees sold as revenues from and direct costs of real estate operations, respectively, in the consolidated statements of operations. The increase in revenues and the direct costs of revenues was approximately $73,000 for the three months ended March 31, 2014. These reclassifications had an immaterial effect on total assets and no effect on income from continuing operations as of and for the three months ended March 31, 2014.

Income_Properties

Income Properties	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Income Properties	NOTE 2. INCOME PROPERTIES
	No income properties were acquired during the three months ended March 31, 2015 or 2014.
	During the three months ended March 31, 2015, independent third-party purchase price allocation valuations were completed on three of the four income properties acquired during the year ended December 31, 2014 for a total purchase price of approximately $39.1 million. As a result of the valuations, the allocation of the total purchase price to intangible assets was increased by approximately $3.0 million while the allocation to income properties, land, buildings, and improvements decreased by approximately $2.3 million. In addition, the allocation to intangible lease liabilities was approximately $670,000 causing an increase in accrued and other liabilities of that amount.

Commercial_Loan_Investments

Commercial Loan Investments	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Commercial Loan Investments	NOTE 3. COMMERCIAL LOAN INVESTMENTS
	No commercial loan investments were acquired during the three months ended March 31, 2015.
	On August 7, 2013, the Company acquired a $19.6 million first mortgage loan secured by an upper upscale hotel in Atlanta, Georgia, for approximately $17.5 million, a discount of approximately $2.05 million. The discount was being accreted into income ratably through the contractual maturity date in March 2014, which was included in Interest Income from Commercial Loan Investments in the consolidated financial statements. On January 6, 2014, the remaining commercial mortgage loan principal of $19.5 million was paid in full. The total revenue recognized during the three months ended March 31, 2014, was approximately $844,000 including the remaining accretion of the purchase discount of approximately $650,000, interest income of approximately $36,000, and an exit fee of approximately $195,000, offset by the remaining amortization of fees of approximately $37,000. No revenue was recognized during the three months ended March 31, 2015.
	On January 31, 2014, the Company acquired a mezzanine loan secured by the borrower’s equity interest in an upper upscale hotel in Atlanta, Georgia, that was previously subject to the Company’s first commercial loan investment. The Company purchased the $5.0 million performing loan at par. The loan matures in February 2019, bears a fixed interest rate of 12.00% per annum, and requires payments of interest only prior to maturity. Interest revenue recognized was approximately $150,000 and $100,000 during the three months ended March 31, 2015 and 2014, respectively.
	On May 16, 2014, the Company funded approximately $3.1 million of a $6.3 million first mortgage commitment for the redevelopment of an existing vacant retail property into a Container Store located in Glendale, Arizona, which opened on February 7, 2015. Through March 31, 2015, approximately $5.5 million in draws were funded by the Company, leaving a remaining commitment of approximately $832,000, which may be drawn by the borrower as construction costs are incurred. The Company expects to fund the remaining commitment in the second quarter of 2015. The loan matures in November 2015, includes one nine-month extension option, bears a fixed interest rate of 6.00% per annum prior to the commencement of rent on the Container Store lease, and requires payments of interest only prior to maturity. Effective on February 7, 2015, in conjunction with the commencement of rent on the Container Store, the interest rate increased to the 30-day London Interbank Offer Rate (“LIBOR”) plus 800 basis points. At closing, a loan origination fee of approximately $79,000 was received by the Company and is being accreted ratably into income through the contractual maturity date in November 2015. Total interest revenue recognized was approximately $111,000 for the three months ended March 31, 2015 with no interest recognized during the three months ended March 31, 2014.
	On May 20, 2014, the Company acquired an approximate $9.0 million B-Note secured by a retail shopping center located in Sarasota, Florida. The loan matures in June 2015, includes three one-year extension options, bears a floating interest rate of 30-day LIBOR plus 725 basis points, and requires payments of interest only prior to maturity. The loan is subordinate to an approximately $48.0 million A-Note collateralized by the same property, for a total debt balance of $57.0 million. Total interest revenue recognized was approximately $166,000 for the three months ended March 31, 2015 with no interest recognized during the three months ended March 31, 2014.
	On September 30, 2014, the Company acquired a mezzanine loan secured by the borrower’s equity interest in an upper upscale hotel in Dallas, Texas. The Company purchased the $10.0 million performing loan at par. The loan matures in September 2016, bears a floating interest rate of 30-day LIBOR plus 725 basis points, and requires payments of interest only prior to maturity. The loan is subordinate to a $64.0 million first mortgage on the hotel in Dallas, Texas. Total interest revenue recognized was approximately $185,000 for the three months ended March 31, 2015 with no interest recognized during the three months ended March 31, 2014.
	On November 14, 2014, the Company acquired a $1.0 million first mortgage loan secured by real estate in Ormond Beach, Florida. The loan matures in November 2015, includes a one-year extension option, bears a floating interest rate of 30-day LIBOR plus 725 basis points, and requires payments of interest only prior to maturity. At closing, a loan origination fee of approximately $10,000 was received by the Company and recognized as income. Total interest revenue recognized was approximately $19,000 for the three months ended March 31, 2015 with no interest recognized during the three months ended March 31, 2014.
	The Company’s commercial loan investment portfolio was comprised of the following at March 31, 2015:
	Description	Date of		Maturity	Original Face		Current Face		Carrying		Coupon Rate
		Investment		Date	Amount		Amount		Value
	Mezz – Hotel – Atlanta, GA	January 2014		Feb-19	$	5,000,000	$	5,000,000	$	5,000,000	12.00%
	Construction – Container Store, Glendale, AZ	May-14		November 2015		6,300,000		5,467,827		5,422,767	30-day LIBOR
											plus 8.00 %
	B-Note – Retail Shopping Center, Sarasota, FL	May-14		Jun-15		8,960,467		8,960,467		8,960,467	30-day LIBOR
											plus 7.25 %
	Mezz – Hotel, Dallas, TX	September 2014		September 2016		10,000,000		10,000,000		10,000,000	30-day LIBOR
											plus 7.25 %
	Development – Real Estate, Ormond Beach, FL	Nov-14		Nov-15		1,000,000		1,000,000		1,000,000	30-day LIBOR
											plus 7.25 %
	Total				$	31,260,467	$	30,428,294	$	30,383,234
	The carrying value of the commercial loan investment as of March 31, 2015 consisted of the following:
		Total
	Current Face Amount	$	30,428,294
	Unaccreted Origination Fees		(45,060	)
	Total Commercial Loan Investments	$	30,383,234
	The Company’s commercial loan investment portfolio was comprised of the following at December 31, 2014:
	Description	Date of		Maturity	Original Face		Current Face		Carrying		Coupon Rate
		Investment		Date	Amount		Amount		Value
	Mezz – Hotel, Atlanta, GA	January 2014		Feb-19	$	5,000,000	$	5,000,000	$	5,000,000	12.00%
	Construction – Container Store, Glendale, AZ	May-14		November 2015		6,300,000		5,306,031		5,247,607	6.00%
	B-Note – Retail Shopping Center, Sarasota, FL	May-14		Jun-15		8,960,467		8,960,467		8,960,467	30-day LIBOR
											plus 7.25 %
	Mezz – Hotel, Dallas, TX	September 2014		September 2016		10,000,000		10,000,000		10,000,000	30-day LIBOR
											plus 7.25 %
	Development – Real Estate, Ormond Beach, FL	Nov-14		Nov-15		1,000,000		1,000,000		1,000,000	30-day LIBOR
											plus 7.25 %
	Total				$	31,260,467	$	30,266,498	$	30,208,074
	The carrying value of the commercial loan investment as of December 31, 2014 consisted of the following:
		Total
	Current Face Amount	$	30,266,498
	Unaccreted Origination Fees		(58,424	)
	Total Commercial Loan Investments	$	30,208,074

Land_and_Subsurface_Interests

Land and Subsurface Interests	3 Months Ended
	Mar. 31, 2015
Real Estate [Abstract]
Land and Subsurface Interests	NOTE 4. LAND AND SUBSURFACE INTERESTS
	During the three months ended March 31, 2015, there were no land transactions.
	During the three months ended March 31, 2014, the Company sold approximately 3.1 acres to Halifax Humane Society, Inc. for $391,500, or approximately $128,000 per acre, for a gain of approximately $347,000. This parcel is located on LPGA Boulevard, just west of I-95 in Daytona Beach, Florida and is adjacent to an existing property owned by Halifax Humane Society, Inc.
	During 2011, an eight-year oil exploration lease covering approximately 136,000 net mineral acres primarily located in Lee County and Hendry County, Florida was executed and an approximate $914,000 first year rental payment was received. An additional approximate $922,000, representing the guaranteed payment for the second year’s delay rent, was received in September 2012. The two payments totaling approximately $1.8 million have been recognized ratably into income through September 2013. On September 22, 2013, the Company entered into an amendment of the exploration lease (the “Oil Lease Amendment”). Under the Oil Lease Amendment, the net mineral acres under exploration lease was reduced from approximately 136,000 net mineral acres to approximately 82,000 net mineral acres in Hendry County, Florida. The approximately 54,000 net mineral acres removed from the exploration lease were located in Lee County, Florida. In connection with the Oil Lease Amendment, the Company received an approximate $3.3 million rent payment for the third year of the Company’s eight-year oil exploration lease. The payment was recognized ratably over the 12 month lease period ending in September 2014. Also during September 2013, the Company received, and recognized as revenue, a non-refundable penalty payment of $1.0 million relating to the drilling requirements in the lease. During September 2014, the Company received an approximate $1.9 million rent payment for the adjusted acreage of 42,000 acres for the fourth year of the Company’s eight-year exploration lease, which is being recognized ratably over the 12 month lease period ending in September 2015. Also during September 2014, the Company received, and recognized as revenue, a non-refundable penalty payment of $600,000 relating to drilling requirements in the lease. The terms of the lease state the Company will receive royalty payments if production occurs and may receive additional annual rental payments if the lease is continued in years five through eight.
	Lease income generated by the Oil Lease Amendment is being recognized on a straight-line basis over the guaranteed lease term. For the three months ended March 31, 2015 and 2014, lease income of approximately $460,000 and $812,000 was recognized, respectively. There can be no assurance that the Oil Lease Amendment will be extended beyond the expiration of the current term of September 2015 or, if renewed, on similar terms or conditions.

Investment_Securities

Investment Securities	3 Months Ended
	Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Investment Securities	NOTE 5. INVESTMENT SECURITIES
	The Company purchased approximately $730,000 of preferred stock during December 2013, a small portion of which was sold during the fourth quarter of 2014 with the remainder being sold during the first quarter of 2015. During the three months ended March 31, 2015 the Company purchased approximately $5.1 million of common stock and debt securities.
	Available-for-Sale securities consisted of the following as of March 31, 2015:
		As of March 31, 2015
		Amortized			Gains in		Losses in		Estimated
		Cost			Accumulated		Accumulated		Fair Value
					Other		Other		(Level 1 and 2
					Comprehensive		Comprehensive		Inputs)
					Income		Income
	Debt Securities	$	1,926,697		$	3,303	$	—	$	1,930,000
	Total Debt Securities		1,926,697			3,303		—		1,930,000
	Common Stock		3,123,640			356,988		—		3,480,628
	Total Equity Securities		3,123,640			356,988		—		3,480,628
	Total Available-for-Sale Securities	$	5,050,337		$	360,291	$	—	$	5,410,628
	The gross realized gains on sales of available-for-sale securities totaled approximately $131,000 during the three months ended March 31, 2015. The net adjustment to unrealized holding gains on available-for sale securities included in other comprehensive income totaled approximately $82,000 during the three months ended March 31, 2015.
	The gross unrealized gains of approximately $374,000 during the three months ended March 31, 2015, net of tax of approximately $144,000, is included in other comprehensive income.
	The debt securities have a maturity date of 5 – 10 years from March 31, 2015.
	Available-for-Sale securities consisted of the following as of December 31, 2014:
		As of December 31, 2014
		Cost			Gains in		Losses in		Estimated
					Accumulated		Accumulated		Fair Value
					Other		Other
					Comprehensive		Comprehensive
					Income		Income
	Preferred Stock	$	704,173		$	117,263	$	—	$	821,436
	Total Equity Securities	$	704,173		$	117,263	$	—	$	821,436
	Total Available-for-Sale Securities	$	704,173		$	117,263	$	—	$	821,436
	The gross unrealized gains of approximately $71,000 during the three months ended March 31, 2014, net of tax of approximately $28,000, is included in other comprehensive income.
	Following is a table reflecting the sale of investment securities and gains recognized during the three months ended March 31, 2015 and 2014:
		For the Three Months Ended March 31,
		2015			2014
	Proceeds from the Disposition of Equity Securities	$	834,964		$	—
	Cost Basis of Investment Securities Sold		(704,173	)		—
	Gain recognized in Statement of Operations on the Disposition of Equity Securities	$	130,791		$	—

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 6. FAIR VALUE OF FINANCIAL INSTRUMENTS
	The following table presents the carrying value and estimated fair value of the Company’s financial instruments at March 31, 2015 and December 31, 2014:
		March 31, 2015				December 31, 2014
		Carrying		Estimated		Carrying		Estimated
		Value		Fair Value		Value		Fair Value
	Cash and Cash Equivalents	$	25,078,783	$	25,078,783	$	1,881,195	$	1,881,195
	Restricted Cash		5,383,695		5,383,695		4,440,098		4,440,098
	Investment Securities		5,410,628		5,410,628		821,436		821,436
	Commercial Loan Investments		30,383,234		30,428,294		30,208,074		30,266,498
	Long-Term Debt		129,332,812		129,332,812		103,940,011		103,940,011
	To determine estimated fair values of the financial instruments listed above, market rates of interest, which include credit assumptions, were used to discount contractual cash flows. The estimated fair values are not necessarily indicative of the amount the Company could realize on disposition of the financial instruments. The use of different market assumptions or estimation methodologies could have a material effect on the estimated fair value amounts.

Intangible_Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	NOTE 7. INTANGIBLE ASSETS
	Intangible assets and liabilities consisted of the following as of March 31, 2015 and December 31, 2014:
		As of
		March 31,			December 31,
		2015			2014
	Intangible Lease Assets:
	Value of In-Place Leases, net	$	8,420,625		$	9,043,617
	Value of Above Market In-Place Leases, net		287,853			330,424
	Value of Intangible Leasing Costs, net		909,637			978,082
	Sub-total Intangible Lease Assets		9,618,115			10,352,123
	Intangible Lease Liabilities (included in accrued and other liabilities):
	Value of Below Market In-Place Leases, net		(631,170	)		(669,693	)
	Sub-total Intangible Lease Liabilities		(631,170	)		(669,693	)
	Total Intangible Assets - Net	$	8,986,945		$	9,682,430
	Accumulated amortization was approximately $3.7 million and $3.6 million as of March, 31, 2015 and December 31, 2014, respectively. Amortization expense for the three months ended March 31, 2015 and 2014 was approximately $422,000 and $169,000, respectively.
	The estimated future amortization expense related to net intangible assets is as follows:
	Year Ending December 31,	Amount
	Remainder of 2015	$	856,577
	2016		1,104,014
	2017		1,013,260
	2018		1,005,572
	2019		974,422
	2020		810,297
	Thereafter		3,222,803
	Total	$	8,986,945

Impairment_of_LongLived_Assets

Impairment of Long-Lived Assets	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of Long-Lived Assets	NOTE 8. IMPAIRMENT OF LONG-LIVED ASSETS
	The Company assesses the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The fair value of long-lived assets required to be assessed for impairment is determined on a non-recurring basis using Level 3 inputs in the fair value hierarchy. These Level 3 inputs may include, but are not limited to, executed purchase and sale agreements on specific properties, third party valuations, discounted cash flow models, and other model-based techniques.
	During the three months ended March 31, 2015, an impairment charge of approximately $510,000 was recognized on the income properties held for sale as of March 31, 2015, for which the sale closed on April 17, 2015. The total impairment charge represents the loss on the sale of approximately $277,000 plus estimated closing costs of approximately $233,000. During the three months ended March 31, 2014, no impairment charges were recognized.

Common_Stock_and_Earnings_Per_

Common Stock and Earnings Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Common Stock and Earnings Per Share	NOTE 9. COMMON STOCK AND EARNINGS PER SHARE
	Basic earnings per common share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share is based on the assumption of the conversion of stock options and vesting of restricted stock at the beginning of each period using the treasury stock method at average cost for the periods.
		Three Months Ended
		March 31,		March 31,
		2015		2014
	Income Available to Common Shareholders:
	Net Income	$	353,356	$	1,500,407
	Weighted Average Shares Outstanding		5,826,640		5,745,341
	Common Shares Applicable to Stock
	Options Using the Treasury Stock Method		33,721		2,188
	Total Shares Applicable to Diluted Earnings Per Share		5,860,361		5,747,529
	Basic and Diluted Per Share Information:
	Net Income	$	0.06	$	0.26
	The effect of 25,200 and 38,800 potentially dilutive securities were not included for the three months ended March 31, 2015 and 2014, respectively, as the effect would be antidilutive.
	The Company intends to settle its 4.50% Convertible Senior Notes due 2020 (the “Notes”) in cash upon conversion with any excess conversion value to be settled in shares of our common stock. Therefore, only the amount in excess of the par value of the Notes will be included in our calculation of diluted net income per share using the treasury stock method. As such, the Notes have no impact on diluted net income per share until the price of our common stock exceeds the conversion price of $68.90. The average price of our common stock during the three months ended March 31, 2015 did not exceed the conversion price which resulted in no additional diluted outstanding shares.

Treasury_Stock

Treasury Stock	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Treasury Stock	NOTE 10. TREASURY STOCK
	On April 26, 2012, the Company announced a voluntary Odd-Lot Buy-Back Program (the “Program”), whereby the Company offered to purchase shares from shareholders who owned less than 100 shares of the Company’s common stock as of April 26, 2012, for $31.00 per share. The Program reflected the Company’s interest in reducing the ongoing costs associated with shareholder recordkeeping and communications and to assist shareholders who may be deterred from selling their small lots of stock due to the costs that would be incurred. The Company paid all costs associated with the Program and purchased 14,634 shares under the Program at a total cost of approximately $454,000. The Program expired June 30, 2012. The Company did not provide any recommendation regarding shareholder participation and the decision was entirely that of each shareholder as to whether to sell shares in this Program.
	The Company repurchased 4,660 shares of its common stock at a cost of approximately $105,000 through December 31, 2013. During 2014, the Company repurchased an additional 25,836 shares of its common stock on the open market for a total cost of approximately $928,000 and placed those shares in treasury. No shares were repurchased during the three months ended March 31, 2015. Pursuant to a covenant in our Credit Facility, which includes the Odd-Lot Buy-Back Program as part of our stock repurchase capacity, the maximum approximate dollar value of shares that may yet be purchased under the plan or program was approximately $6.5 million as of March 31, 2015.

LongTerm_Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Long-Term Debt	NOTE 11. LONG-TERM DEBT
	Credit Facility. The Company has a revolving credit facility, as amended on April 20, 2015 (the “Credit Facility”) which matures on August 1, 2018 with the ability to extend the term for 1 year. The Credit Facility has a total borrowing capacity of $75.0 million with the ability to increase that capacity up to $125.0 million during the term. The Credit Facility provides the lenders with a secured interest in the equity of the subsidiaries that own the properties included in the borrowing base. The indebtedness outstanding under the Credit Facility accrues interest at a rate ranging from the 30-day LIBOR plus 135 basis points to the 30-day LIBOR plus 225 basis points based on the total balance outstanding under the Credit Facility as a percentage of the total asset value of the Company, as defined in the Credit Facility. The Credit Facility also accrues a fee of 20 to 25 basis points for any unused portion of the borrowing capacity based on whether the unused portion is greater or less than 50% of the total borrowing capacity. The Credit Facility is guaranteed by certain wholly-owned subsidiaries of the Company. The Credit Facility bank group is led by Bank of Montreal (“BMO”) and also includes Wells Fargo Bank, N.A. and Branch Banking & Trust Company.
	At March 31, 2015, the current commitment level under the Credit Facility, was $75.0 million. As a result of the amendment to the Credit Facility the available borrowing capacity under the Credit Facility was approximately $57.5 million subject to the borrowing base requirements.
	The Credit Facility is subject to customary restrictive covenants, including, but not limited to, limitations on the Company’s ability to: (a) incur indebtedness; (b) make certain investments; (c) incur certain liens; (d) engage in certain affiliate transactions; and (e) engage in certain major transactions such as mergers. In addition, the Company is subject to various financial maintenance covenants, including, but not limited to, a maximum indebtedness ratio, a maximum secured indebtedness ratio, and a minimum fixed charge coverage ratio. The Agreement also contains affirmative covenants and events of default, including, but not limited to, a cross default to the Company’s other indebtedness and upon the occurrence of a change of control. The Company’s failure to comply with these covenants or the occurrence of an event of default could result in acceleration of the Company’s debt and other financial obligations under the Agreement.
	Mortgage Notes Payable. On February 22, 2013, the Company closed on a $7.3 million loan originated with UBS Real Estate Securities Inc., secured by its interest in the two-building office complex leased to Hilton Resorts Corporation, which was acquired on January 31, 2013. The mortgage loan matures in February 2018, carries a fixed rate of interest of 3.655% per annum, and requires payments of interest only prior to maturity.
	On March 8, 2013, the Company closed on a $23.1 million loan originated with Bank of America, N.A., secured by its interest in fourteen income properties. The mortgage loan matures in April 2023, carries a fixed rate of 3.67% per annum, and requires payments of interest only prior to maturity.
	September 30, 2014, the Company closed on a $30.0 million loan originated with Wells Fargo Bank, N.A., secured by its interest in six income properties. The mortgage loan matures in October 2034, and carries a fixed rate of 4.33% per annum during the first ten years of the term, and requires payments of interest only during the first ten years of the loan. After the tenth anniversary of the effective date of the loan the cash flows generated by the underlying six income properties must be used to pay down the principal balance of the loan until paid off or until the loan matures. The loan is fully pre-payable after the tenth anniversary date of the effective date of the loan.
	Convertible Debt. On March 11, 2015, the Company issued $75.0 million aggregate principal amount of 4.50% Convertible Senior Notes due 2020 (the “Notes”). The Notes bear interest at a rate of 4.50% per year, payable semiannually in arrears on March 15 and September 15 of each year, beginning on September 15, 2015. The Notes will mature on March 15, 2020, unless earlier purchased or converted. The initial conversion rate is 14.5136 shares of common stock for each $1,000 principal amount of Notes, which represents an initial conversion price of approximately $68.90 per share of common stock. The conversion rate is subject to adjustment in certain circumstances. Holders may surrender their Notes for conversion at any time prior to the close of business on the day immediately preceding December 15, 2019 only upon the satisfaction of certain conditions relating to the closing sale price of the Common Stock, the trading price per $1,000 principal amount of Notes or specified corporate events. The Company may not redeem the Notes prior to the stated maturity date and no sinking fund is provided for the Notes. The Notes are convertible, at the election of the Company, into solely cash, solely shares of the Company’s common stock, or a combination of cash and shares of the Company’s common stock. The Company intends to settle the Notes in cash upon conversion with any excess conversion value to be settled in shares of our common stock. In accordance with GAAP, the Notes are accounted for as a liability with a separate equity component recorded for the conversion option. A liability was recorded for the Notes on the issuance date at fair value based on a discounted cash flow analysis using current market rates for debt instruments with similar terms. The difference between the initial proceeds from the Notes and the estimated fair value of the debt instruments resulted in a debt discount, with an offset recorded to additional paid-in capital representing the equity component. The discount on the Notes was approximately $6.1 million at issuance, which represents the cash discount paid of approximately $2.6 million and the approximate $3.5 million attributable to the value of the conversion option recorded in equity, which is being amortized to interest expense through the maturity date of the Notes. As of March 31, 2015 the unamortized debt discount of our Notes was approximately $6.1 million.
	Net proceeds from issuance of the Notes was approximately $72.4 million, net of the cash discount paid of approximately $2.6 million, of which approximately $47.5 million was used to repay our Credit Facility balance as of March 11, 2015. We intend to use the remaining amount for investments in income-producing properties or investments in commercial loans secured by commercial real estate.
	The Company’s earnings release for the quarter ended March 31, 2015, issued on April 22, 2015, presented the Company’s estimate of the fair value of the Notes including the debt and equity components of the issuance. Subsequent to the earnings release and prior to the filing of this quarterly report on Form 10-Q the Company finalized its fair value estimates pursuant to a fair valuation prepared by an independent third-party valuation consultant, whereby the allocation of the fair value of the Notes attributable to the debt component and the equity component were adjusted. The following table reflects the amount of the adjustment to each balance sheet element:
	Balance Sheet Element	Increase
		(Decrease)
	Liabilities:
	Deferred Income Taxes - Net	$	1,337,644
	Long-Term Debt	$	7,936,882
	Shareholders’ Equity:
	Additional Paid-In Capital	$	(9,274,526	)
	The adjustments above resulted in an increase to total liabilities of approximately $9.3 million and a decrease to total shareholders’ equity of approximately $9.3 million, with a commensurate decrease in book value.
	Long-term debt consisted of the following:
		March 31, 2015
		Total			Due Within
					One Year
	Credit Facility	$	—		$	—
	Mortgage Note Payable (originated with UBS)		7,300,000			—
	Mortgage Note Payable (originated with BOA)		23,100,000			—
	Mortgage Note Payable (originated with Wells Fargo)		30,000,000			—
	4.50% Convertible Senior Notes due 2020, net of discount		68,932,812			—
	Total Long-Term Debt	$	129,332,812		$	—
	Payments applicable to reduction of principal amounts will be required as follows:
	Year Ending December 31,	Amount
	Remainder of 2015	$	—
	2016		—
	2017		—
	2018		7,300,000
	2019		—
	2020		75,000,000
	Thereafter		53,100,000
	Total Long-Term Debt	$	135,400,000
	The carrying value of long-term debt as of March 31, 2015 consisted of the following:
		Total
	Current Face Amount	$	135,400,000
	Unamortized Discount on Convertible Debt		(6,067,188	)
	Total Long-Term Debt	$	129,332,812
	For the three months ended March 31, 2015, interest expense was approximately $969,000 with approximately $815,000 paid during the period. For the three months ended March 31, 2014, interest expense was approximately $413,000 with approximately $378,000 paid during the period. Interest of approximately $6,700 was capitalized during the three months ended March 31, 2014, while no interest was capitalized during the three months ended March 31, 2015.
	The amortization of loan costs incurred in connection with the Company’s long-term debt is included in interest expense in the consolidated financial statements. These loan costs are being amortized over the term of the respective loan agreements using the straight-line method, which approximates the effective interest method. For the three months ended March 31, 2015 and 2014, the amortization of loan costs totaled approximately $73,000 and $55,000, respectively.
	The amortization of the approximate $6.1 million discount on the Company’s Notes is also included in interest expense in the consolidated financial statements. The discount is being amortized over the term of the Notes using the effective interest method. For the three months ended March 31, 2015 the amortization of the discount was approximately $25,000 with no amounts recognized during the three months ended March 31, 2014.
	The Company was in compliance with all of its debt covenants as of March 31, 2015 and December 31, 2014.

Accrued_and_Other_Liabilities

Accrued and Other Liabilities	3 Months Ended
	Mar. 31, 2015
Payables and Accruals [Abstract]
Accrued and Other Liabilities	NOTE 12. ACCRUED AND OTHER LIABILITIES
	Accrued and other liabilities consisted of the following:
		As of
		March 31,		December 31,
		2015		2014
	Golf Course Lease	$	2,881,485	$	2,973,898
	Accrued Property Taxes		337,169		—
	Other Post-Retirement Benefits		—		142,797
	Reserve for Tenant Improvements		577,429		551,250
	Accrued Interest		351,623		197,929
	Environmental Reserve		100,985		108,733
	Below Market In-Place Leases, net		631,170		669,693
	Other		450,337		1,426,902
	Total Accrued and Other Liabilities	$	5,330,198	$	6,071,202
	In July 2012, the Company entered into an agreement with the City of Daytona Beach, Florida (the “City”) to, among other things, amend the lease payments under its golf course lease (the “Lease Amendment”), Under the Amendment, the base rent payment, which was scheduled to increase from $250,000 to $500,000 as of September 1, 2012, will remain at $250,000 for the remainder of the lease term and any extensions would be subject to an annual rate increase of 1.75% beginning September 1, 2013. The Company also agreed to invest $200,000 prior to September 1, 2015 for certain improvements to the facilities. In addition, pursuant to the Lease Amendment, beginning September 1, 2012, and continuing throughout the initial lease term and any extension option, the Company will pay additional rent to the City equal to 5.0% of gross revenues exceeding $5,500,000 and 7.0% of gross revenues exceeding $6,500,000. Since the inception of the lease, the Company has recognized the rent expense on a straight-line basis resulting in an estimated accrual for deferred rent. Upon the effective date of the Lease Amendment, the Company’s straight-line rent was revised to reflect the lower rent levels through expiration of the lease. As a result, approximately $3.0 million of the rent previously deferred will not be due to the City, and will be recognized into income over the remaining lease term, which expires in 2022. As of March 31, 2015, approximately $2.0 million of the rent, previously deferred that will not be due to the City, remained to be amortized through September 2022.
	In connection with the acquisition of the Lowes on April 22, 2014, the Company was credited approximately $651,000 at closing for certain required tenant improvements, some of which are not required to be completed until December 2016. As of March 31, 2015, approximately $100,000 of these tenant improvements had been completed and funded.
	During the year ended December 31, 2014, the Company accrued an environmental reserve of approximately $110,000 in connection with an estimate of additional costs to monitor a parcel of less than one acre of land owned by the Company that previously had environmental remediation work performed. Approximately $8,000 in costs have been incurred through March 31, 2015.

Deferred_Revenue

Deferred Revenue	3 Months Ended
	Mar. 31, 2015
Deferred Revenue Disclosure [Abstract]
Deferred Revenue	NOTE 13. DEFERRED REVENUE
	Deferred revenue consisted of the following:
		As of
		March 31,		December 31,
		2015		2014
	Deferred Oil Exploration Lease Revenue	$	894,728	$	1,354,873
	Deferred Land Sale Revenue		—		87,581
	Prepaid Rent		564,612		674,165
	Escrow Reserve, Container Store Loan		46,248		144,124
	Escrow Reserve, Plantation Oaks Loan		46,663		65,216
	Other Deferred Revenue		373,765		392,584
	Total Deferred Revenue	$	1,926,016	$	2,718,543
	On September 19, 2014, the Company received an approximate $1.9 million rent payment for the fourth year of the Company’s eight-year oil exploration lease, which is being recognized ratably over the 12 month lease period ending in September 2015.
	In connection with the 75.6 acre land sale that closed in August 2014, approximately $597,000 of the $7.8 million sales price was deferred to be recognized as revenue on a percentage-of-completion basis as certain road improvements are. The road improvements were substantially completed as of March 31, 2015 and accordingly, through March 31, 2015, the entire approximate $597,000 of revenue had been recognized, with approximately $88,000 of the total recognized during the three months ended March 31, 2015.

Pension_Plan

Pension Plan	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Pension Plan	NOTE 14. PENSION PLAN
	The Company maintained a Defined Benefit Pension Plan (the “Pension Plan”) which had been, prior to December 31, 2011, for all employees who had attained the age of 21 and completed one year of service.
	On October 23, 2013 the Company’s Board of Directors approved the commencement of the steps necessary to terminate the Pension Plan, pursuant to the Pension Plan, and, if necessary, for the Company to make the required level of contribution whereby the Pension Plan would have sufficient funds to pay all benefits owed participants and beneficiaries. On January 22, 2014, the Company’s Board of Directors approved the termination of the Pension Plan effective March 31, 2014. Termination of the Pension Plan was completed through the distribution of the Pension Plan assets to participants and beneficiaries through either the purchase of an annuity from an insurance company or, payment of the benefit owed in a one-time lump sum payment based on a final calculation of benefit as of March 31, 2014. The final termination settlement was completed during the three months ended December 31, 2014. The Company contributed approximately $43,000 to fully fund the Pension Plan to enable the distribution to participants of a lump sum benefit or the purchase of a life annuity to effectuate the termination. In addition, the Company incurred approximately $170,000 for the cost of legal and other advisors to complete the termination. During the three months ended March 31, 2015, the Company received notice from the IRS of a favorable determination and expects to receive the determination letter, which is the final step in terminating the Pension Plan.

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	NOTE 15. STOCK-BASED COMPENSATION
	EQUITY-CLASSIFIED STOCK COMPENSATION
	Market Condition Restricted Shares
	Under the Amended and Restated 2010 Equity Incentive Plan (the “2010 Plan”), the Company granted to certain employees non-vested restricted stock, which vests upon the achievement of certain market conditions, including thresholds relating to the Company’s total shareholder return as compared to the total shareholder return of a certain peer group during a five-year performance period.
	The Company used a Monte Carlo simulation pricing model to determine the fair value of its market condition based awards. The determination of the fair value of market condition-based awards is affected by the Company’s stock price as well as assumptions regarding a number of other variables. These variables include expected stock price volatility over the requisite performance term of the awards, the relative performance of the Company’s stock price and shareholder returns to companies in its peer group, annual dividends, and a risk-free interest rate assumption. Compensation cost is recognized regardless of the achievement of the market conditions, provided the requisite service period is met.
	A summary of activity during the three months ended March 31, 2015, is presented below:
	Market Condition Non-Vested Restricted Shares	Shares			Wtd. Avg.
					Grant Date
					Fair Value
	Outstanding at December 31, 2014		5,067		$	23.13
	Granted		—			—
	Vested		—			—
	Forfeited		(567	)		23.13
	Outstanding at March 31, 2015		4,500		$	23.13
	As of March 31, 2015, there was approximately $13,000 of unrecognized compensation cost, adjusted for forfeitures, related to market condition non-vested restricted shares, which will be recognized over a remaining weighted average period of 0.6 years.
	Market Condition Inducement Grant of Restricted Shares
	“Inducement” grants of 96,000 and 17,000 restricted shares of the Company’s common stock were awarded to Mr. Albright and Mr. Patten in 2011 and 2012, respectively. Mr. Albright’s restricted shares were granted outside of the 2010 Plan while Mr. Patten’s restricted shares were awarded under the 2010 Plan. The Company filed a registration statement with the Securities and Exchange Commission on Form S-8 to register the resale of Mr. Albright’s restricted stock award. The restricted shares will vest in six increments based upon the price per share of the Company’s common stock during the term of their employment (or within ninety days after termination of employment by the Company without cause), meeting or exceeding the target trailing ninety-day average closing prices ranging from $36 per share for the first increment to $65 per share for the final increment. If any increment of the restricted shares fails to satisfy the applicable stock price condition prior to six years from the grant date, that increment of the restricted shares will be forfeited. As of March 31, 2015, four increments of Mr. Albright’s and Mr. Patten’s grants had vested.
	Additional “inducement” grants of 2,500 and 3,000 shares of restricted Company common stock were awarded to Mr. Smith and another senior executive, under the 2010 Plan, during the fourth quarter of 2014 and the first quarter of 2015, respectively. The restricted stock will vest in two increments based upon the price per share of Company common stock during the term of their employment (or within 60 days after termination of employment by the Company without cause), meeting or exceeding the target trailing 60-day average closing prices of $60 per share and $65 per share for the two increments. If any increment of the restricted shares fails to satisfy the applicable stock price condition prior to six years from the grant date, that increment of the restricted shares will be forfeited. As of March 31, 2015 no increments of Mr. Smith’s or the other senior executive’s grants had vested.
	The Company used a Monte Carlo simulation pricing model to determine the fair value of its market condition based awards. The determination of the fair value of market condition-based awards is affected by the Company’s stock price as well as assumptions regarding a number of other variables. These variables include expected stock price volatility over the requisite performance term of the awards, the relative performance of the Company’s stock price and shareholder returns to companies in its peer group, annual dividends, and a risk-free interest rate assumption. Compensation cost is recognized regardless of the achievement of the market conditions, provided the requisite service period is met.
	A summary of the activity for these awards during the three months ended March 31, 2015, is presented below:
	Market Condition Non-Vested Restricted Shares	Shares			Wtd. Avg.
					Fair Value
	Outstanding at December 31, 2014		40,500		$	15.55
	Granted		3,000			46.81
	Vested		—			—
	Forfeited		—			—
	Outstanding at March 31, 2015		43,500		$	17.7
	As of March 31, 2015, there was approximately $175,000 of unrecognized compensation cost, adjusted for estimated forfeitures, related to market condition non-vested restricted shares, which will be recognized over a remaining weighted average period of 0.4 years.
	Three Year Vest Restricted Shares
	On January 22, 2014, the Company granted to certain employees 14,500 shares of non-vested restricted stock under the 2010 Plan. One-third of the restricted shares will vest on each of the first, second, and third anniversaries of the grant date, provided they are an employee of the Company on those dates. In addition, any unvested portion of the restricted shares will vest upon a change in control.
	On January 28, 2015, the Company granted to certain employees 11,700 shares of non-vested restricted stock under the 2010 Plan. Additionally, on February 9, 2015, the Company granted 8,000 shares of non-vested restricted stock to Mr. Albright under the 2010 Plan. One-third of both awards of restricted shares will vest on each of the first, second, and third anniversaries of the January 28, 2015 grant date, provided the grantee is an employee of the Company on those dates. In addition, any unvested portion of the restricted shares will vest upon a change in control.
	The Company’s determination of the fair value of the three year vest restricted stock awards was calculated by multiplying the number of shares issued by the Company’s stock price at the grant date, less the present value of expected dividends during the vesting period. Compensation cost is recognized on a straight-line basis over the vesting period.
	A summary of activity during the three months ended March 31, 2015, is presented below:
	Three Year Vest Non-Vested Restricted Shares	Shares			Wtd. Avg.
					Fair Value
					Per Share
	Outstanding at December 31, 2014		14,200		$	36.08
	Granted		19,700			55.93
	Vested		(4,734	)		36.08
	Forfeited		(833	)		48
	Outstanding at March 31, 2015		28,333		$	49.53
	As of March 31, 2015, there was approximately $1.3 million of unrecognized compensation cost, adjusted for estimated forfeitures, related to the three year vest non-vested restricted shares, which will be recognized over a remaining weighted average period of 2.6 years.
	Non-Qualified Stock Option Awards
	Pursuant to the Non-Qualified Stock Option Award Agreements between the Company and Mr. Albright, Mr. Patten, and Mr. Smith, Mr. Albright, Mr. Patten, and Mr. Smith were granted options to purchase 50,000, 10,000, and 10,000 shares of Company common stock, in 2011, 2012, and 2014, respectively, under the 2010 Plan with an exercise price per share equal to the fair market value on their respective grant dates. One-third of the options will vest on each of the first, second, and third anniversaries of their respective grant dates, provided they are an employee of the Company on those dates. In addition, any unvested portion of the options will vest upon a change in control. The options expire on the earliest of: (a) the tenth anniversary of the grant date; (b) twelve months after the employee’s death or termination for disability; or (c) thirty days after the termination of employment for any reason other than death or disability
	On January 23, 2013, the Company granted options to purchase 51,000 shares of the Company’s common stock under the 2010 Plan to certain employees of the Company, including 10,000 shares to Mr. Patten, with an exercise price per share equal to the fair market value at the date of grant. One-third of these options will vest on each of the first, second, and third anniversaries of the grant date, provided the recipient is an employee of the Company on those dates. Any unvested portion of the options will vest upon a change in control. The options expire on the earliest of: (a) the fifth anniversary of the grant date; (b) twelve months after the employee’s death or termination for disability; or (c) thirty days after the termination of employment for any reason other than death or disability.
	On February 9, 2015, the Company granted options to purchase 20,000 shares of the Company’s common stock under the 2010 Plan to Mr. Albright, with an exercise price of $57.50. The options vest on January 28, 2016, provided he is an employee of the Company on that date. In addition, any unvested portion of the options will vest upon a change in control. The options expire on the earliest of: (a) January 28, 2025; (b) twelve months after the employee’s death or termination for disability; or (c) thirty days after the termination of employment for any reason other than death or disability.
	The Company used the Black-Scholes valuation pricing model to determine the fair value of its non-qualified stock option awards. The determination of the fair value of the awards is affected by the stock price as well as assumptions regarding a number of other variables. These variables include expected stock price volatility over the term of the awards, annual dividends, and a risk-free interest rate assumption.
	A summary of the activity for the awards during the three months ended March 31, 2015, is presented below:
	Non-Qualified Stock Option Awards	Shares			Wtd. Avg.			Wtd. Avg.		Aggregate
					Ex. Price			Remaining		Intrinsic
								Contractual		Value
								Term
								(Years)
	Outstanding at December 31, 2014		84,765		$	34.39
	Granted		20,000			57.5
	Exercised		(1,650	)		34.95
	Forfeited		(4,870	)		34.95
	Outstanding at March 31, 2015		98,245		$	39.05			6.2	$	2,024,409
	Exercisable at March 31, 2015		50,395		$	31.39			5.01	$	1,424,461
	A summary of the non-vested options for these awards during the three months ended March 31, 2015, is presented below:
	Non-Qualified Stock Option Awards	Shares			Fair Value
					of Shares
					Vested
	Non-Vested at December 31, 2014		47,570
Granted		20,000
Vested		(14,850	)	$	519,008
Forfeited		(4,870	)
Non-Vested at March 31, 2015		47,850
The weighted average grant date fair value of options granted during the three months ended March 31, 2015 was approximately $14.22 per share. The total intrinsic value of options exercised during the three months ended March 31, 2015, was approximately $32,000. As of March 31, 2015, there was approximately $437,000 of unrecognized compensation related to non-qualified, non-vested stock option awards, which will be recognized over a remaining weighted average period of 1.1 years.
LIABILITY-CLASSIFIED STOCK COMPENSATION
The Company previously had a stock option plan (the “2001 Plan”) pursuant to which 500,000 shares of the Company’s common stock were eligible for issuance. The 2001 Plan expired in 2010, and no new stock options may be issued under the 2001 Plan. Under the 2001 Plan, both stock options and stock appreciation rights were issued in prior years and such issuances were deemed to be liability-classified awards under the Share-Based Payment Topic of FASB ASC.
A summary of share option activity under the 2001 Plan for the three months ended March 31, 2015 is presented below:
Stock Options
Liability-Classified Stock Options	Shares			Wtd. Avg.			Wtd. Avg.		Aggregate
				Ex. Price			Remaining		Intrinsic
							Contractual		Value
							Term
							(Years)
Outstanding at December 31, 2014		35,300		$	62.47
Granted		—			—
Exercised		(2,500	)		33.16
Forfeited		(14,000	)		66.54
Outstanding at March 31, 2015		18,800		$	63.35			2.17	$	76,640
Exercisable at March 31, 2015		18,800		$	63.35			2.17	$	76,640
In connection with the grant of non-qualified stock options, a stock appreciation right for each share covered by the option was also granted. The stock appreciation right entitles the optionee to receive a supplemental payment, which may be paid in whole or in part in cash or in shares of common stock, equal to a portion of the spread between the exercise price and the fair market value of the underlying shares at the time of exercise. The total intrinsic value of options exercised during the three months ended March 31, 2015 was approximately $56,000. All options were vested as of December 31, 2013.
Stock Appreciation Rights
Liability-Classified Stock Appreciation Rights	Shares			Wtd. Avg.			Wtd. Avg.		Aggregate
				Fair Value			Remaining		Intrinsic
							Contractual		Value
							Term
							(Years)
Outstanding at December 31, 2014		35,300		$	5.56
Granted		—			—
Exercised		(2,500	)		15.58
Forfeited		(14,000	)		4.84
Outstanding at March 31, 2015		18,800		$	5.92			2.17	$	41,268
Exercisable at March 31, 2015		18,800		$	5.92			2.17	$	41,268
The total intrinsic value of stock appreciation rights exercised during the three months ended March 31, 2015 was approximately $30,000. All stock appreciation rights had vested as of December 31, 2013.
The fair value of each share option and stock appreciation right is estimated on the measurement date using the Black-Scholes option pricing model based on assumptions noted in the following table. Expected volatility is based on the historical volatility of the Company and other factors. The Company has elected to use the simplified method of estimating the expected term of the options and stock appreciation rights.
Due to the small number of employees included in the 2001 Plan, the Company uses the specific identification method to estimate forfeitures and includes all participants in one group. The risk-free rate for periods within the contractual term of the share option is based on the U.S. Treasury rates in effect at the time of measurement.
The Company issues new, previously unissued, shares as options are exercised.
Following are assumptions used in determining the fair value of stock options and stock appreciation rights:
Assumptions at:	March 31,			December 31,
	2015			2014
Expected Volatility		33.31	%		34.07	%
Expected Dividends		0.13	%		0.07	%
Expected Term		2 years			2 years
Risk-Free Rate		0.67	%		0.78	%
There were no stock options or stock appreciation rights granted under the 2001 Plan in the three months ended March 31, 2015 or 2014. The liability for stock options and stock appreciation rights, valued at fair value, reflected on the consolidated balance sheets at March 31, 2015 and December 31, 2014, was approximately $318,000 and $560,000, respectively. These fair value measurements are based on Level 2 inputs based on Black-Scholes and market implied volatility. The Black-Scholes determination of fair value is affected by variables including stock price, expected stock price volatility over the term of the awards, annual dividends, and a risk-free interest rate assumption.
Amounts recognized in the consolidated financial statements for stock options, stock appreciation rights, and restricted stock are as follows:
	Three Months Ended
	March 31,			March 31,
	2015			2014
Total Cost of Share-Based Plans Charged
Against Income Before Tax Effect	$	75,352		$	291,092
Income Tax Expense
Recognized in Income	$	(29,067	)	$	(112,289	)

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 16. INCOME TAXES
	The effective income tax rate for the three month periods ended March 31, 2015, and 2014 was 38.8%. The provision for income taxes reflects the Company’s estimate of the effective rate expected to be applicable for the full fiscal year, adjusted for any discrete events, which are reported in the period that they occur. The Company files a consolidated income tax return in the United States Federal jurisdiction and the States of Arizona, Colorado, California, Florida, Illinois, Georgia, Maryland, North Carolina, Texas, and Washington. The Internal Revenue Service has audited the federal tax returns through the year 2012, with all proposed adjustments settled. The Company recognizes all potential accrued interest and penalties to unrecognized tax benefits in income tax expense.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 17. COMMITMENTS AND CONTINGENCIES
	Legal Proceedings
	From time to time, the Company may be a party to certain legal proceedings, incidental to the normal course of its business. While the outcome of the legal proceedings cannot be predicted with certainty, the Company does not expect that these proceedings will have a material effect upon our financial condition or results of operations.
	On November 21, 2011, the Company, Indigo Mallard Creek LLC and Indigo Development LLC, as owners of the property leased to Harris Teeter, Inc. (“Harris Teeter”) in Charlotte, North Carolina, were served with pleadings filed in the General Court of Justice, Superior Court Division for Mecklenburg County, North Carolina, for a highway condemnation action involving the property. The proposed road modifications would impact access to the Company’s property that is leased to Harris Teeter. The Company does not believe the road modifications provided a basis for Harris Teeter to terminate the Lease. Regardless, in January 2013, NCDOT proposed to redesign the road modifications to keep the all access intersection open for ingress with no change to the planned limitation on egress to the right-in/right-out only. Additionally, NCDOT and the City of Charlotte proposed to build and maintain a new access road/point into the property. Both government entities have confirmed that funding is available and the redesigned project is proceeding. Harris Teeter has expressed satisfaction with the redesigned project and indicated that it will not attempt to terminate its lease if this project is built as currently redesigned. Because the redesigned project will not be completed until 2016, the condemnation case has been placed in administrative closure. As a result, the trial and mediation will not likely be scheduled until requested by the parties, most likely in 2016.
	In May 2010, the Company filed a lawsuit in the Circuit Court, Seventh Judicial Circuit, in and for Volusia County, Florida, in order to enforce its approximate $3.8 million claim of lien on real property owned by FM Bayberry Cove Holding, LLC (“FM Bayberry”) for its share of the costs for construction of a road. BB&T was included as a defendant as the current mortgage holder of the property subject to the Company’s lien. BB&T filed a counterclaim asserting that its mortgage is superior to the Company’s claim of lien which the Company denied. BB&T and the Company each filed motions for summary judgment as to the priority of their respective interests in the property which were heard by the court on January 12, 2012. The Circuit Court determined that the Company’s interests were superior to the lien imposed by BB&T and all other interests and a final judgment of foreclosure was subsequently entered. However, all further proceedings in the Circuit Court (including the foreclosure sale) were stayed pending BB&T’s appeal to the Florida District Court of Appeal, Fifth District (the “Appellate Court”), regarding the Circuit Court’s determination in the matter of priority. On October 29, 2013, the Appellate Court ruled in favor of the Company, affirming the Circuit Court’s determination that the Company’s lien against the approximately 600-acre parcel of residential land (lying west of I-95 near the LPGA International development and adjacent to Bayberry Colony) is superior to the lien imposed by BB&T. The judgment has accrued to over $4.6 million, including interest. The Company has not included an accrual related to interest in the consolidated financial statements. At this time, the Appellate Court’s decision is subject to possible motion for rehearing by BB&T. On December 3, 2013, the Circuit Court entered a Second Amended Final Judgment of Foreclosure in Accordance with the Appellate Court’s Mandate, which, among other things, set the date of the Company’s foreclosure sale to occur on January 29, 2014. On January 29, 2014, the Company’s approximately $4.7 million claim for unreimbursed costs and accrued interest was satisfied through the successful foreclosure of approximately 600 acres of land.
	Contractual Commitments
	In conjunction with the Company’s sale of approximately 3.4 acres of land to RaceTrac Petroleum, Inc. (“RaceTrac”) in December 2013, the Company agreed to reimburse RaceTrac for a portion of the costs for road improvements and the other costs associated with bringing multiple ingress/egress points to the entire 23 acre Williamson Crossing site, including the Company’s remaining 19.6 acres. The estimated cost for the improvements equals approximately $1.26 million and the Company’s commitment is to reimburse RaceTrac in an amount equal to the lesser of 77.5% of the actual costs or $976,500, and can be paid over five years from sales of the remaining land or at the end of the fifth year. As of December 31, 2013, the Company deposited $283,500 of cash in escrow related to the improvements which was classified as restricted cash in the consolidated balance sheets as of March 31, 2015 and December 31, 2014. Accordingly, as of March 31, 2015, the remaining maximum commitment is $693,000.
	As of March 31, 2015, the Company is committed to fund approximately $832,000 of the total $6.3 million first mortgage commitment for the redevelopment of an existing vacant retail property into a Container Store in Glendale, Arizona. Through March 31, 2015, approximately $5.5 million has been funded. The remaining $832,000 may be drawn by the borrower as construction costs are incurred. Construction was completed during the three months ended March 31, 2015 and the Container Store opened on February 7, 2015. Approximately $733,000 of the remaining commitment was funded during April 2015.
	In March 2015, the Company entered into two separate construction agreements for certain tenant improvements required by an executed lease expansion and extension at the Mason Commerce Center as well as a newly executed lease at the Williamson Business Center property. No costs have been incurred as of March 31, 2015 under these agreements and therefore, the total remaining commitment as of March 31, 2015 is approximately $1.3 million.
	In connection with a certain land sale contract to which the Company is a party, the purchaser’s pursuit of customary development entitlements has given rise to an informal inquiry by federal regulatory agencies regarding prior agricultural activities on such land, and we expect to receive a formal written information request regarding such activities. We believe the issues raised by, and the land which is the subject of, this inquiry are similar to or the same as those which were addressed and resolved by the settlement agreement executed in December 2012 between the Company and the St. Johns River Water Management District (the “District”) and the permit which the District subsequently issued to the Company. We have received no formal notification or information request regarding this matter. As a result, given the early stage of this process, we are unable to reasonably estimate the liability, if any, that the Company may incur arising from this inquiry. Accordingly, no amounts have been accrued as of March 31, 2015 related to this matter. In addition, in connection with other land sale contracts to which the Company is or may become a party, the pursuit of customary development entitlements by the potential purchasers may require the utilization or acquisition of mitigation credits for the purpose of obtaining certain permits from the applicable federal or state regulatory agencies. Any costs incurred in connection with utilizing or acquiring such credits would be incorporated into the basis of the land under contract and, accordingly, no amounts related to such potential future costs have been accrued as of March 31, 2015.

Business_Segment_Data

Business Segment Data	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Business Segment Data	NOTE 18. BUSINESS SEGMENT DATA
	The Company primarily operates in four primary business segments: income properties, commercial loan investments, real estate operations, and golf operations. Our income property operations consist primarily of income-producing properties and our business plan is focused on investing in additional income-producing properties. Our income property operations accounted for 61.8% and 68.7% of our identifiable assets as of March 31, 2015 and December 31, 2014, respectively, and 58.3% and 47.5% of our consolidated revenues for the three months ended March 31, 2015 and 2014, respectively. As of March 31, 2015 and December 31, 2014, we had five commercial loan investments including a fixed-rate mezzanine commercial mortgage loan, a fixed-rate first mortgage, a variable-rate B-Note, a variable-rate mezzanine commercial mortgage loan, and a variable-rate first mortgage loan. Our real estate operations primarily consist of revenues generated from land transactions and leasing and royalty income from our interests in subsurface oil, gas and mineral rights. Our golf operations consist of a single property located in the City, with two 18-hole championship golf courses, a practice facility, and clubhouse facilities, including a restaurant and bar operation, fitness facility, and pro-shop with retail merchandise. The majority of the revenues generated by our golf operations are derived from members and public customers playing golf, club memberships, and food and beverage operations.
	The Company evaluates performance based on profit or loss from operations before income taxes. The Company’s reportable segments are strategic business units that offer different products. They are managed separately because each segment requires different management techniques, knowledge, and skills.
	Information about the Company’s operations in the different segments for the three months ended March 31, 2015 and 2014 is as follows:
		Three Months Ended
		March 31,			March 31,
		2015			2014
	Revenues:
	Income Properties	$	4,260,675		$	3,404,359
	Commercial Loan Investments		631,484			943,890
	Real Estate Operations		859,801			1,349,247
	Golf Operations		1,537,426			1,417,379
	Agriculture and Other Income		18,939			57,844
	Total Revenues	$	7,308,325		$	7,172,719
	Operating Income:
	Income Properties	$	3,619,829		$	3,064,340
	Commercial Loan Investments		631,484			943,890
	Real Estate Operations		261,078			1,097,297
	Golf Operations		147,814			84,353
	Agriculture and Other Income		(36,212	)		(3,569	)
	General and Corporate Expense		(3,130,106	)		(2,282,442	)
	Total Operating Income	$	1,493,887		$	2,903,869
	Depreciation and Amortization:
	Income Properties	$	1,085,637		$	706,253
	Commercial Loan Investments		—			—
	Real Estate Operations		—			—
	Golf Operations		58,776			56,863
	Agriculture and Other		11,326			8,892
	Total Depreciation and Amortization	$	1,155,739		$	772,008
	Capital Expenditures:
	Income Properties	$	54,264		$	752,024
	Commercial Loan Investments		—			5,000,000
	Real Estate Operations		—			—
	Golf Operations		16,017			35,393
	Agriculture and Other		11,072			52,460
	Total Capital Expenditures	$	81,353		$	5,839,877
		As of
		March 31,			December 31,
		2015			2014
	Identifiable Assets:
	Income Properties	$	188,683,961		$	190,087,575
	Commercial Loan Investments		30,501,263			30,274,302
	Real Estate Operations		43,757,954			43,833,515
	Golf Operations		3,276,832			3,639,903
	Agriculture and Other		38,868,107			8,757,153
	Total Assets	$	305,088,117		$	276,592,448
	Operating income represents income from continuing operations before loss on early extinguishment of debt, interest expense, investment income, and income taxes. General and corporate expenses are an aggregate of general and administrative expenses, impairment charges, depreciation and amortization expense, and gains (losses) on the disposition of assets. Identifiable assets by segment are those assets that are used in the Company’s operations in each segment. Other assets consist primarily of cash, property, plant, and equipment related to the other operations, as well as the general and corporate operations. Land, timber, and subsurface interests were previously stated as a separate line item within property, plant, and equipment on the consolidated financial statements and are now included with land, timber, and development costs as all of the costs are related to the Company’s land portfolio of over 10,500 acres. The land, timber, and subsurface interests were previously included in the Agriculture and Other segment, but have been reclassified to the Real Estate Operations segment to conform with the revised presentation on the consolidated balance sheets.

Recently_Issued_Accounting_Pol

Recently Issued Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Policies	NOTE 19. RECENTLY ISSUED ACCOUNTING POLICIES
	In May 2014, the FASB issued ASU 2014-09, which amends its guidance on the recognition and reporting of revenue from contracts with customers. The amendments in this update are effective for annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the provisions to determine the potential impact, if any, the adoption will have on its consolidated financial statements.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	NOTE 20. SUBSEQUENT EVENTS
	On April 17, 2015, the Company sold its interest in two 13,813 square-foot buildings, located in Sanford and Sebastian, Florida, which were both under lease to CVS but had been vacated by the tenant in a previous year, with a weighted average remaining lease term of 8.7 years, for proceeds of $6.4 million, generating a loss of approximately $510,000, which was recognized an impairment charge during the quarter ended March 31, 2015.
	On April 20, 2015 the Company completed an amendment to the Credit Facility which, among other things, provided the lenders a secured interest in the equity of the subsidiaries that own the properties included in the borrowing base under the Credit Facility. As a result of the amendment the available borrowing capacity was $57.5 million.
	On April 1, 2015, the Company completed the like-kind exchange related to the sale of the income property in Apopka, Florida and the approximately $3.2 million in cash became unrestricted.
	As of March 31, 2015, approximately $968,000 was being held as cash collateral in connection with a $940,000 letter of credit outstanding under the Credit Facility. The letter of credit was terminated on April 9, 2015 and as a result, the cash collateral became unrestricted cash.

Description_of_Business_and_Pr1

Description of Business and Principles of Interim Statements (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Description of Business	Description of Business
	The terms “us,” “we,” “our,” and “the Company” as used in this report refer to Consolidated-Tomoka Land Co. together with our consolidated subsidiaries.
	We are a diversified real estate operating company. We own and manage forty-three commercial real estate properties in ten states in the U.S. As of March 31, 2015, we owned thirty-six single-tenant and seven multi-tenant income-producing properties with over 1,100,000 square feet of gross leasable space. We also own and manage a land portfolio of over 10,500 acres. As of March 31, 2015, we had five commercial loan investments including one fixed-rate and one variable–rate mezzanine commercial mortgage loan, a variable-rate B-Note, and two variable-rate first mortgage loans. Our golf operations consist of the LPGA International golf club, which is managed by a third party. We also lease property for twenty-one billboards, have agricultural operations that are managed by a third party, which consists of leasing land for hay and sod production, timber harvesting, and hunting leases, and own and manage subsurface interests. The results of our agricultural and subsurface leasing operations are included in Agriculture and Other Income and Real Estate Operations, respectively, in our consolidated statements of operations.
Interim Financial Information	Interim Financial Information
	The accompanying unaudited consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. These unaudited consolidated financial statements do not include all of the information and notes required by accounting principles generally accepted in the United States of America (“GAAP”) for complete financial statements and should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, which provides a more complete understanding of the Company’s accounting policies, financial position, operating results, business properties, and other matters. The unaudited consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary to present fairly the financial position of the Company and the results of operations for the interim periods.
	The results of operations for the three months ended March 31, 2015 are not necessarily indicative of results to be expected for the year ending December 31, 2015.
Principles of Consolidation	Principles of Consolidation
	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. Any real estate entities or properties included in the consolidated financial statements have been consolidated only for the periods that such entities or properties were owned or under control by us. All significant inter-company balances and transactions have been eliminated in the consolidated financial statements.
Use of Estimates in Preparation of Financial Statements	Use of Estimates in Preparation of Financial Statements
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Because of the fluctuating market conditions that currently exist in the Florida and national real estate markets, and the volatility and uncertainty in the financial and credit markets, it is possible that the estimates and assumptions, most notably those related to the Company’s investment in income properties and net pension asset, could change materially during the time span associated with the continued volatility of the real estate and financial markets or as a result of a significant dislocation in those markets.
Cash and Cash Equivalents	Cash and Cash Equivalents
	Cash and cash equivalents include cash on hand and bank demand accounts.
Restricted Cash	Restricted Cash
	Restricted cash totaled approximately $5.4 million at March 31, 2015 of which approximately $3.2 million of cash is being held in escrow from the sale of the income property in Apopka, Florida to be reinvested through the like-kind exchange structure into another income property. On April 1, 2015, the Company completed the like-kind exchange related to the sale of the income property in Apopka, Florida and the approximately $3.2 million in cash became unrestricted. As of March 31, 2015, approximately $968,000 was being held as cash collateral in connection with a $940,000 letter of credit outstanding under the Credit Facility. The letter of credit was terminated on April 9, 2015 and as a result, the cash collateral became unrestricted cash. Additionally, approximately $571,000 is being held in a reserve related to certain required tenant improvements for the Lowes in Katy, Texas, approximately $266,000 is being held in a reserve primarily for property taxes and insurance escrows in connection with our financing of two properties acquired in January 2013, approximately $285,000 is being held in escrow related to a land transaction which closed in December 2013, and a combined approximately $138,000 is being held in reserves for future interest and property tax payments in connection with two of our commercial loan investments.
Investment Securities	Investment Securities
	In accordance with ASC Topic 320, Investments – Debt and Equity Securities, the Company’s debt and equity securities investments have been determined to be equity securities classified as available-for-sale. Available-for-sale securities are carried at fair value in the consolidated balance sheets, with the unrealized gains and losses, net of tax, reported in other comprehensive income. The amortized cost of debt securities in this category is adjusted for amortization of premiums and accretion of discounts to maturity computed under a method that approximates the effective interest method. Such amortization is included in investment income.
	Realized gains and losses, and declines in value judged to be other-than-temporary related to equity securities, are included in investment income in the consolidated statements of operations. With respect to debt securities, when the fair value of a debt security classified as available-for-sale is less than its amortized cost, management assesses whether or not: (i) it has the intent to sell the security or (ii) it is more likely than not that the Company will be required to sell the security before its anticipated recovery. If either of these conditions are met, the Company must recognize an other-than-temporary impairment through earnings for the differences between the debt security’s amortized cost basis and its fair value, and such amount is included in investment income in the consolidated statements of operations. There were no other-than-temporary impairments during the three months ended March 31, 2015 or 2014.
	The cost of securities sold is based on the specific identification method. Interest and dividends on securities classified as available-for-sale are included in investment income in the consolidated statements of operations.
	The fair value of the Company’s available-for-sale equity securities are measured quarterly, on a recurring basis, using Level 1 inputs, or quoted prices for identical, actively traded assets. The fair value of the Company’s available-for-sale debt securities are measured quarterly, on a recurring basis, using Level 2 inputs.
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	The carrying amounts of the Company’s financial assets and liabilities including cash and cash equivalents, restricted cash, investment securities, accounts receivable, and accounts payable at March 31, 2015 and December 31, 2014, approximate fair value because of the short maturity of these instruments. The carrying amount of the Company’s investments in commercial loans approximate fair value at March 31, 2015 and December 31, 2014, since the floating and fixed rates of the loans reasonably approximates current market rates for notes with similar risks and maturities. The carrying amount of the Company’s long-term debt approximates fair value at March 31, 2015 and December 31, 2014, since the floating rate of our credit facility and the fixed rates of our secured financings reasonably approximate current market rates for notes with similar risks and maturities.
Fair Value Measurements	Fair Value Measurements
	The Company’s estimates of fair value of financial and non-financial assets and liabilities based on the framework established in the fair value accounting guidance. The framework specifies a hierarchy of valuation inputs which was established to increase consistency, clarity and comparability in fair value measurements and related disclosures. The guidance describes a fair value hierarchy based upon three levels of inputs that may be used to measure fair value, two of which are considered observable and one that is considered unobservable. The following describes the three levels:
		•	Level 1 – Valuation is based upon quoted prices in active markets for identical assets or liabilities.
		•	Level 2 – Valuation is based upon inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
		•	Level 3 – Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include option pricing models, discounted cash flow models and similar techniques.
Impact Fees and Mitigation Credits	Impact Fees and Mitigation Credits
	Impact fees and mitigation credits are stated at the lower of cost or market. As these assets are sold, the related revenues and cost basis are reported as revenues from and direct costs of real estate operations, respectively, in the consolidated statements of operations.
Classification of Loans	Classification of Loans
	Loans held for investment are stated at the principal amount outstanding and include the unamortized deferred loan fees in accordance with GAAP.
Commercial Loan Investment Impairment	Commercial Loan Investment Impairment
	The Company’s commercial loans are held for investment. For each loan, the Company evaluates the performance of the collateral property and the financial and operating capabilities of the borrower/guarantor, in part, to assess whether any deterioration in the credit has occurred and for possible impairment of the loan. Impairment would reflect the Company’s determination that it is probable that all amounts due according to the contractual terms of the loan would not be collected. Impairment is measured based on the present value of the expected future cash flows from the loan discounted at the effective rate of the loan or the fair value of the collateral. Upon measurement of impairment, the Company would record an allowance to reduce the carrying value of the loan with a corresponding recognition of loss in the results of operations. Significant exercise of judgment is required in determining impairment, including assumptions regarding the estimate of expected future cash flows, collectability of the loan, the value of the underlying collateral and other provisions including guarantees. The Company has determined that, as of March 31, 2015, no allowance for impairment was required.
Recognition of Interest Income from Commercial Loan Investments	Recognition of Interest Income from Commercial Loan Investments
	Interest income on commercial loan investments includes interest payments made by the borrower and the accretion of purchase discounts and loan origination fees, offset by the amortization of fees. Interest payments are accrued based on the actual coupon rate and the outstanding principal balance and purchase discounts and origination fees are accreted into income using the effective yield method, adjusted for prepayments.
Reclassifications	Reclassifications
	Certain items in the prior period’s consolidated balance sheet and statement of operations have been reclassified to conform to the presentation as of and for the three months ended March 31, 2015. Specifically, land, timber, and subsurface interests were previously stated as a separate line item within property, plant, and equipment and accumulated depreciation on the consolidated balance sheets and are now included with land, timber, and development costs as all of the costs are related to the Company’s land portfolio of over 10,500 acres. The amount reclassified to land, timber, and development costs was approximately $14.9 million as of December 31, 2014. Also, third-party purchase price allocations performed during the three months ended March 31, 2015 related to three 2014 income property acquisitions resulted in a revised allocation between income properties, land, buildings, and improvements, intangible assets, and accrued and other liabilities. As of December 31, 2014, the reclassifications made relating to the purchase price allocations were to increase intangible assets by approximately $3.0 million, decrease income properties, land, buildings, and improvements by approximately $2.3 million, and increase accrued and other liabilities by approximately $670,000. In addition, revenue and cost of sales related to impact fees sold were previously reported net in the consolidated statements of income. Current presentation reports the revenues and cost basis of impact fees sold as revenues from and direct costs of real estate operations, respectively, in the consolidated statements of operations. The increase in revenues and the direct costs of revenues was approximately $73,000 for the three months ended March 31, 2014. These reclassifications had an immaterial effect on total assets and no effect on income from continuing operations as of and for the three months ended March 31, 2014.
Operating Loss Carry Forward and Tax Credit Carry Forward	In May 2014, the FASB issued ASU 2014-09, which amends its guidance on the recognition and reporting of revenue from contracts with customers. The amendments in this update are effective for annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the provisions to determine the potential impact, if any, the adoption will have on its consolidated financial statements.

Commercial_Loan_Investments_Ta

Commercial Loan Investments (Tables)	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Summary of Commercial Loan Investment Portfolio	The Company’s commercial loan investment portfolio was comprised of the following at March 31, 2015:
	Description	Date of		Maturity	Original Face		Current Face		Carrying		Coupon Rate
		Investment		Date	Amount		Amount		Value
	Mezz – Hotel – Atlanta, GA	January 2014		Feb-19	$	5,000,000	$	5,000,000	$	5,000,000	12.00%
	Construction – Container Store, Glendale, AZ	May-14		November 2015		6,300,000		5,467,827		5,422,767	30-day LIBOR
											plus 8.00 %
	B-Note – Retail Shopping Center, Sarasota, FL	May-14		Jun-15		8,960,467		8,960,467		8,960,467	30-day LIBOR
											plus 7.25 %
	Mezz – Hotel, Dallas, TX	September 2014		September 2016		10,000,000		10,000,000		10,000,000	30-day LIBOR
											plus 7.25 %
	Development – Real Estate, Ormond Beach, FL	Nov-14		Nov-15		1,000,000		1,000,000		1,000,000	30-day LIBOR
											plus 7.25 %
	Total				$	31,260,467	$	30,428,294	$	30,383,234
	The Company’s commercial loan investment portfolio was comprised of the following at December 31, 2014:
	Description	Date of		Maturity	Original Face		Current Face		Carrying		Coupon Rate
		Investment		Date	Amount		Amount		Value
	Mezz – Hotel, Atlanta, GA	January 2014		Feb-19	$	5,000,000	$	5,000,000	$	5,000,000	12.00%
	Construction – Container Store, Glendale, AZ	May-14		November 2015		6,300,000		5,306,031		5,247,607	6.00%
	B-Note – Retail Shopping Center, Sarasota, FL	May-14		Jun-15		8,960,467		8,960,467		8,960,467	30-day LIBOR
											plus 7.25 %
	Mezz – Hotel, Dallas, TX	September 2014		September 2016		10,000,000		10,000,000		10,000,000	30-day LIBOR
											plus 7.25 %
	Development – Real Estate, Ormond Beach, FL	Nov-14		Nov-15		1,000,000		1,000,000		1,000,000	30-day LIBOR
											plus 7.25 %
	Total				$	31,260,467	$	30,266,498	$	30,208,074
Carrying Value of the Commercial Loan Investments	The carrying value of the commercial loan investment as of March 31, 2015 consisted of the following:
		Total
	Current Face Amount	$	30,428,294
	Unaccreted Origination Fees		(45,060	)
	Total Commercial Loan Investments	$	30,383,234
	The carrying value of the commercial loan investment as of December 31, 2014 consisted of the following:
		Total
	Current Face Amount	$	30,266,498
	Unaccreted Origination Fees		(58,424	)
	Total Commercial Loan Investments	$	30,208,074

Investment_Securities_Tables

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Summary of Available for Sale Securities	Available-for-Sale securities consisted of the following as of March 31, 2015:
		As of March 31, 2015
		Amortized			Gains in		Losses in		Estimated
		Cost			Accumulated		Accumulated		Fair Value
					Other		Other		(Level 1 and 2
					Comprehensive		Comprehensive		Inputs)
					Income		Income
	Debt Securities	$	1,926,697		$	3,303	$	—	$	1,930,000
	Total Debt Securities		1,926,697			3,303		—		1,930,000
	Common Stock		3,123,640			356,988		—		3,480,628
	Total Equity Securities		3,123,640			356,988		—		3,480,628
	Total Available-for-Sale Securities	$	5,050,337		$	360,291	$	—	$	5,410,628
	Available-for-Sale securities consisted of the following as of December 31, 2014:
		As of December 31, 2014
		Cost			Gains in		Losses in		Estimated
					Accumulated		Accumulated		Fair Value
					Other		Other
					Comprehensive		Comprehensive
					Income		Income
	Preferred Stock	$	704,173		$	117,263	$	—	$	821,436
	Total Equity Securities	$	704,173		$	117,263	$	—	$	821,436
	Total Available-for-Sale Securities	$	704,173		$	117,263	$	—	$	821,436
Summary of Sale of Investment Securities and Losses	Following is a table reflecting the sale of investment securities and gains recognized during the three months ended March 31, 2015 and 2014:
		For the Three Months Ended March 31,
		2015			2014
	Proceeds from the Disposition of Equity Securities	$	834,964		$	—
	Cost Basis of Investment Securities Sold		(704,173	)		—
	Gain recognized in Statement of Operations on the Disposition of Equity Securities	$	130,791		$	—

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Summary of Carrying Value and Estimated Fair Value of Financial Instruments	The following table presents the carrying value and estimated fair value of the Company’s financial instruments at March 31, 2015 and December 31, 2014:
		March 31, 2015				December 31, 2014
		Carrying		Estimated		Carrying		Estimated
		Value		Fair Value		Value		Fair Value
	Cash and Cash Equivalents	$	25,078,783	$	25,078,783	$	1,881,195	$	1,881,195
	Restricted Cash		5,383,695		5,383,695		4,440,098		4,440,098
	Investment Securities		5,410,628		5,410,628		821,436		821,436
	Commercial Loan Investments		30,383,234		30,428,294		30,208,074		30,266,498
	Long-Term Debt		129,332,812		129,332,812		103,940,011		103,940,011

Intangible_Assets_Tables

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Liabilities	Intangible assets and liabilities consisted of the following as of March 31, 2015 and December 31, 2014:
		As of
		March 31,			December 31,
		2015			2014
	Intangible Lease Assets:
	Value of In-Place Leases, net	$	8,420,625		$	9,043,617
	Value of Above Market In-Place Leases, net		287,853			330,424
	Value of Intangible Leasing Costs, net		909,637			978,082
	Sub-total Intangible Lease Assets		9,618,115			10,352,123
	Intangible Lease Liabilities (included in accrued and other liabilities):
	Value of Below Market In-Place Leases, net		(631,170	)		(669,693	)
	Sub-total Intangible Lease Liabilities		(631,170	)		(669,693	)
	Total Intangible Assets - Net	$	8,986,945		$	9,682,430
Summary of Estimated Amortization Expense	The estimated future amortization expense related to net intangible assets is as follows:
	Year Ending December 31,	Amount
	Remainder of 2015	$	856,577
	2016		1,104,014
	2017		1,013,260
	2018		1,005,572
	2019		974,422
	2020		810,297
	Thereafter		3,222,803
	Total	$	8,986,945

Common_Stock_and_Earnings_Per_1

Common Stock and Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Summary of Common Stock and Earnings Per Share	Basic earnings per common share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share is based on the assumption of the conversion of stock options and vesting of restricted stock at the beginning of each period using the treasury stock method at average cost for the periods.
		Three Months Ended
		March 31,		March 31,
		2015		2014
	Income Available to Common Shareholders:
	Net Income	$	353,356	$	1,500,407
	Weighted Average Shares Outstanding		5,826,640		5,745,341
	Common Shares Applicable to Stock
	Options Using the Treasury Stock Method		33,721		2,188
	Total Shares Applicable to Diluted Earnings Per Share		5,860,361		5,747,529
	Basic and Diluted Per Share Information:
	Net Income	$	0.06	$	0.26

LongTerm_Debt_Tables

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Summary of Amount of Adjustment to Each Balance Sheet Element	The following table reflects the amount of the adjustment to each balance sheet element:
	Balance Sheet Element	Increase
		(Decrease)
	Liabilities:
	Deferred Income Taxes - Net	$	1,337,644
	Long-Term Debt	$	7,936,882
	Shareholders’ Equity:
	Additional Paid-In Capital	$	(9,274,526	)
Schedule of Long-Term Debt	Long-term debt consisted of the following:
		March 31, 2015
		Total			Due Within
					One Year
	Credit Facility	$	—		$	—
	Mortgage Note Payable (originated with UBS)		7,300,000			—
	Mortgage Note Payable (originated with BOA)		23,100,000			—
	Mortgage Note Payable (originated with Wells Fargo)		30,000,000			—
	4.50% Convertible Senior Notes due 2020, net of discount		68,932,812			—
	Total Long-Term Debt	$	129,332,812		$	—
Summary of Payments Applicable to Reduction of Principal Amounts	Payments applicable to reduction of principal amounts will be required as follows:
	Year Ending December 31,	Amount
	Remainder of 2015	$	—
	2016		—
	2017		—
	2018		7,300,000
	2019		—
	2020		75,000,000
	Thereafter		53,100,000
	Total Long-Term Debt	$	135,400,000
Summary of Carrying Value of Long-Term Debt	The carrying value of long-term debt as of March 31, 2015 consisted of the following:
		Total
	Current Face Amount	$	135,400,000
	Unamortized Discount on Convertible Debt		(6,067,188	)
	Total Long-Term Debt	$	129,332,812

Accrued_and_Other_Liabilities_

Accrued and Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2015
Payables and Accruals [Abstract]
Summary of Accrued and Other Liabilities	Accrued and other liabilities consisted of the following:
		As of
		March 31,		December 31,
		2015		2014
	Golf Course Lease	$	2,881,485	$	2,973,898
	Accrued Property Taxes		337,169		—
	Other Post-Retirement Benefits		—		142,797
	Reserve for Tenant Improvements		577,429		551,250
	Accrued Interest		351,623		197,929
	Environmental Reserve		100,985		108,733
	Below Market In-Place Leases, net		631,170		669,693
	Other		450,337		1,426,902
	Total Accrued and Other Liabilities	$	5,330,198	$	6,071,202

Deferred_Revenue_Tables

Deferred Revenue (Tables)	3 Months Ended
	Mar. 31, 2015
Deferred Revenue Disclosure [Abstract]
Summary of Deferred Revenue	Deferred revenue consisted of the following:
		As of
		March 31,		December 31,
		2015		2014
	Deferred Oil Exploration Lease Revenue	$	894,728	$	1,354,873
	Deferred Land Sale Revenue		—		87,581
	Prepaid Rent		564,612		674,165
	Escrow Reserve, Container Store Loan		46,248		144,124
	Escrow Reserve, Plantation Oaks Loan		46,663		65,216
	Other Deferred Revenue		373,765		392,584
	Total Deferred Revenue	$	1,926,016	$	2,718,543

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2015
Summary of Stock Based Compensation Activity	A summary of activity during the three months ended March 31, 2015, is presented below:
	Market Condition Non-Vested Restricted Shares	Shares			Wtd. Avg.
					Grant Date
					Fair Value
	Outstanding at December 31, 2014		5,067		$	23.13
	Granted		—			—
	Vested		—			—
	Forfeited		(567	)		23.13
	Outstanding at March 31, 2015		4,500		$	23.13
Summary of Market Condition Inducement Grant of Restricted Shares	A summary of the activity for these awards during the three months ended March 31, 2015, is presented below:
	Market Condition Non-Vested Restricted Shares	Shares			Wtd. Avg.
					Fair Value
	Outstanding at December 31, 2014		40,500		$	15.55
	Granted		3,000			46.81
	Vested		—			—
	Forfeited		—			—
	Outstanding at March 31, 2015		43,500		$	17.7
Summary of Stock Based Compensation Activity for Non-Qualified Stock Option Award	A summary of the activity for the awards during the three months ended March 31, 2015, is presented below:
	Non-Qualified Stock Option Awards	Shares			Wtd. Avg.			Wtd. Avg.		Aggregate
					Ex. Price			Remaining		Intrinsic
								Contractual		Value
								Term
								(Years)
	Outstanding at December 31, 2014		84,765		$	34.39
	Granted		20,000			57.5
	Exercised		(1,650	)		34.95
	Forfeited		(4,870	)		34.95
	Outstanding at March 31, 2015		98,245		$	39.05			6.2	$	2,024,409
	Exercisable at March 31, 2015		50,395		$	31.39			5.01	$	1,424,461
Summary of Share Option Activity of Stock Option and Stock Appreciation Rights Under 2001 Plan	A summary of share option activity under the 2001 Plan for the three months ended March 31, 2015 is presented below:
	Stock Options
	Liability-Classified Stock Options	Shares			Wtd. Avg.			Wtd. Avg.		Aggregate
					Ex. Price			Remaining		Intrinsic
								Contractual		Value
								Term
								(Years)
	Outstanding at December 31, 2014		35,300		$	62.47
	Granted		—			—
	Exercised		(2,500	)		33.16
	Forfeited		(14,000	)		66.54
	Outstanding at March 31, 2015		18,800		$	63.35			2.17	$	76,640
	Exercisable at March 31, 2015		18,800		$	63.35			2.17	$	76,640
	Stock Appreciation Rights
	Liability-Classified Stock Appreciation Rights	Shares			Wtd. Avg.			Wtd. Avg.		Aggregate
					Fair Value			Remaining		Intrinsic
								Contractual		Value
								Term
								(Years)
	Outstanding at December 31, 2014		35,300		$	5.56
	Granted		—			—
	Exercised		(2,500	)		15.58
	Forfeited		(14,000	)		4.84
	Outstanding at March 31, 2015		18,800		$	5.92			2.17	$	41,268
	Exercisable at March 31, 2015		18,800		$	5.92			2.17	$	41,268
Assumptions Used in Determining Fair Value of Stock Options and Stock Appreciation Rights	Following are assumptions used in determining the fair value of stock options and stock appreciation rights:
	Assumptions at:	March 31,			December 31,
		2015			2014
	Expected Volatility		33.31	%		34.07	%
	Expected Dividends		0.13	%		0.07	%
	Expected Term		2 years			2 years
	Risk-Free Rate		0.67	%		0.78	%
Recognized Financial Statements for Stock Options, Stock Appreciation Rights, and Restricted Stock	Amounts recognized in the consolidated financial statements for stock options, stock appreciation rights, and restricted stock are as follows:
		Three Months Ended
		March 31,			March 31,
		2015			2014
	Total Cost of Share-Based Plans Charged
	Against Income Before Tax Effect	$	75,352		$	291,092
	Income Tax Expense
	Recognized in Income	$	(29,067	)	$	(112,289	)
Three Year Vest Non-Vested Restricted Stock [Member]
Summary of Stock Based Compensation Activity	A summary of activity during the three months ended March 31, 2015, is presented below:
	Three Year Vest Non-Vested Restricted Shares	Shares			Wtd. Avg.
					Fair Value
					Per Share
	Outstanding at December 31, 2014		14,200		$	36.08
	Granted		19,700			55.93
	Vested		(4,734	)		36.08
	Forfeited		(833	)		48
	Outstanding at March 31, 2015		28,333		$	49.53
Non-Qualified Stock Option Award [Member]
Summary of Non-Vested Options for Non-Qualified Stock Option Awards	A summary of the non-vested options for these awards during the three months ended March 31, 2015, is presented below:
	Non-Qualified Stock Option Awards	Shares			Fair Value
					of Shares
					Vested
	Non-Vested at December 31, 2014		47,570
	Granted		20,000
	Vested		(14,850	)	$	519,008
	Forfeited		(4,870	)
	Non-Vested at March 31, 2015		47,850

Business_Segment_Data_Tables

Business Segment Data (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Summary of Operations in Different Segments	Information about the Company’s operations in the different segments for the three months ended March 31, 2015 and 2014 is as follows:
		Three Months Ended
		March 31,			March 31,
		2015			2014
	Revenues:
	Income Properties	$	4,260,675		$	3,404,359
	Commercial Loan Investments		631,484			943,890
	Real Estate Operations		859,801			1,349,247
	Golf Operations		1,537,426			1,417,379
	Agriculture and Other Income		18,939			57,844
	Total Revenues	$	7,308,325		$	7,172,719
	Operating Income:
	Income Properties	$	3,619,829		$	3,064,340
	Commercial Loan Investments		631,484			943,890
	Real Estate Operations		261,078			1,097,297
	Golf Operations		147,814			84,353
	Agriculture and Other Income		(36,212	)		(3,569	)
	General and Corporate Expense		(3,130,106	)		(2,282,442	)
	Total Operating Income	$	1,493,887		$	2,903,869
	Depreciation and Amortization:
	Income Properties	$	1,085,637		$	706,253
	Commercial Loan Investments		—			—
	Real Estate Operations		—			—
	Golf Operations		58,776			56,863
	Agriculture and Other		11,326			8,892
	Total Depreciation and Amortization	$	1,155,739		$	772,008
	Capital Expenditures:
	Income Properties	$	54,264		$	752,024
	Commercial Loan Investments		—			5,000,000
	Real Estate Operations		—			—
	Golf Operations		16,017			35,393
	Agriculture and Other		11,072			52,460
	Total Capital Expenditures	$	81,353		$	5,839,877
		As of
		March 31,			December 31,
		2015			2014
	Identifiable Assets:
	Income Properties	$	188,683,961		$	190,087,575
	Commercial Loan Investments		30,501,263			30,274,302
	Real Estate Operations		43,757,954			43,833,515
	Golf Operations		3,276,832			3,639,903
	Agriculture and Other		38,868,107			8,757,153
	Total Assets	$	305,088,117		$	276,592,448

Description_of_Business_and_Pr2

Description of Business and Principles of Interim Statements - Additional Information (Detail) (USD $)	3 Months Ended		12 Months Ended	0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Apr. 01, 2015
	SecurityLoan	Property
	State
	Billboard
	Property
	acre
	sqft
Description of Business [Line Items]
Number of states in which entity operates	10
Number of owned and managed commercial real estate properties	43
Commercial real estate properties	36
Self developed multi-tenant properties	7
Gross leasable space	1,100,000
Land portfolio	10,500
Number of commercial mortgage loan investments	2
Number of billboards leased for property	21
Cash held in reserve for tenant improvements	$5,383,695		$4,440,098
Cash held in reserve for property taxes and insurance escrows	3,200,000
Cash held in escrow related to land transaction	285,000
Cash held from collateral security agreement	968,000
Letter of credit outstanding	940,000
Number of properties acquired	2
Number of income properties acquired	3	0
Amount reclassified to land, timber, and development costs			14,900,000
Reclassifications to the purchase price allocations, increase in intangible assets			3,000,000
Reclassifications to the purchase price allocations, decrease in properties, land, buildings, and improvements			-2,300,000
Reclassifications to the purchase price allocations, increase in accrued and other liabilities			670,000
Increase in revenues and the direct costs of revenues		73,000
Atlanta, GA [Member]
Description of Business [Line Items]
Number of commercial mortgage loan investments	5
Katy, Texas [Member]
Description of Business [Line Items]
Cash held in escrow related to land transaction	266,000
Apopka, Florida [Member] | Subsequent Event [Member]
Description of Business [Line Items]
Restricted cash released				3,200,000
Cash Held In Escrow For Exchange Transaction [Member]
Description of Business [Line Items]
Cash held in reserve for tenant improvements	138,000
Tenant Improvements [Member] | Katy, Texas [Member]
Description of Business [Line Items]
Cash held in reserve for tenant improvements	$571,000

Income_Properties_Additional_I

Income Properties - Additional Information (Detail) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	Property	Property
Business Acquisition Information [Line Items]
Income properties acquired	3	0
Acquisition cost of property	$81,375	$839,876
Reclassifications to the purchase price allocations, increase in intangible assets			3,000,000
Reclassifications to the purchase price allocations, decrease in properties, land, buildings, and improvements			-2,300,000
Reclassifications to the purchase price allocations, increase in accrued and other liabilities			670,000
Independent Third-Party [Member]
Business Acquisition Information [Line Items]
Acquisition cost of property			$39,100,000
Minimum [Member]
Business Acquisition Information [Line Items]
Income properties acquired	3
Maximum [Member]
Business Acquisition Information [Line Items]
Income properties acquired	4

Commercial_Loan_Investments_Ad

Commercial Loan Investments - Additional Information (Detail) (USD $)	3 Months Ended		0 Months Ended			10 Months Ended	0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Aug. 07, 2013	Sep. 30, 2014	16-May-14	Mar. 31, 2015	20-May-14	Nov. 14, 2014	Dec. 31, 2014	Jan. 31, 2014	Jan. 06, 2014
						Option
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loan investments	$0
Total revenue	7,308,325	7,172,719
Acquisition of Commercial Mortgage Loan	31,260,467					31,260,467			31,260,467
Interest Income	631,484	943,890
Amount funded for Redevelopment of existing vacant retail property	161,796	5,000,000
Mezzanine [Member] | Hotel [Member] | Atlanta, GA [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired loan			19,600,000								19,500,000
Payment to acquired loan			17,500,000
Discount on acquired loan			2,050,000
Total revenue	0	844,000
Accretion of purchase discount		650,000
Interest Income		36,000
Exit fees		195,000
Remaining amortization of fees		37,000
Acquisition of Commercial Mortgage Loan	5,000,000					5,000,000			5,000,000	5,000,000
Loans receivable, fixed rate	12.00%					12.00%			12.00%	12.00%
Interest Income	150,000	100,000
Loans receivable basis spread on variable rate	12.00%					12.00%			12.00%
Mezzanine [Member] | Hotel [Member] | Dallas, TX [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquisition of Commercial Mortgage Loan	10,000,000			10,000,000		10,000,000			10,000,000
Floating Interest Rate Period				30 days
Loans receivable basis spread on variable rate	7.25%			7.25%		7.25%			7.25%
Interest revenue recognized	185,000	0
Mortgage loan on hotel				64,000,000
Construction [Member] | Container Store [Member] | Glendale, AZ [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Income	111,000
Loans receivable, fixed rate	6.00%					6.00%
Amount funded for Redevelopment of existing vacant retail property					3,100,000	5,500,000
Mortgage loan commitments	6,300,000				6,300,000	6,300,000			6,300,000
Mortgage loan commitments	832,000					832,000
Number of extension options	1					1
Duration of loan maturity extension	9 months
Loan origination fee	79,000
Floating Interest Rate Period	30 days
Loans receivable basis spread on variable rate	8.00%					8.00%			6.00%
Notes Receivable [Member] | Retail Shopping Center [Member] | Sarasota, FL [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquisition of Commercial Mortgage Loan	8,960,467					8,960,467	9,000,000		8,960,467
Number of extension options							3
Duration of loan maturity extension							1 year
Floating Interest Rate Period							30 days
Loans receivable basis spread on variable rate	7.25%					7.25%	7.25%		7.25%
Acquisition of Commercial Mortgage Loan							48,000,000
Long-term Debt, Total							57,000,000
Interest revenue recognized	166,000	0
Development [Member] | Commercial Real Estate Portfolio Segment [Member] | Ormond Beach, FL [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquisition of Commercial Mortgage Loan	1,000,000					1,000,000		1,000,000	1,000,000
Number of extension options								1
Duration of loan maturity extension								1 year
Loan origination fee	10,000
Floating Interest Rate Period								30 days
Loans receivable basis spread on variable rate	7.25%					7.25%		7.25%	7.25%
Interest revenue recognized	$19,000	$0

Commercial_Loan_Investments_Su

Commercial Loan Investments - Summary of Commercial Loan Investment Portfolio (Detail) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Jan. 31, 2014	Sep. 30, 2014	16-May-14	20-May-14	Nov. 14, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Original Face Amount	$31,260,467	$31,260,467
Current Face Amount	30,428,294	30,266,498
Carrying Value	30,383,234	30,208,074
Mezzanine [Member] | Hotel [Member] | Atlanta, GA [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Investment	2014-01	2014-01
Maturity Date	2019-02	2019-02
Original Face Amount	5,000,000	5,000,000	5,000,000
Current Face Amount	5,000,000	5,000,000
Carrying Value	5,000,000	5,000,000
Loans receivable basis spread on variable rate	12.00%	12.00%
Loans receivable, fixed rate	12.00%	12.00%	12.00%
Mezzanine [Member] | Hotel [Member] | Dallas, TX [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Investment	2014-09	2014-09
Maturity Date	2016-09	2016-09
Original Face Amount	10,000,000	10,000,000		10,000,000
Current Face Amount	10,000,000	10,000,000
Carrying Value	10,000,000	10,000,000
Loans receivable basis spread on variable rate	7.25%	7.25%		7.25%
Coupon Rate	30-day LIBOR plus 7.25 %	30-day LIBOR plus 7.25 %
Construction [Member] | Container Store [Member] | Glendale, AZ [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Investment	2014-05	2014-05
Maturity Date	2015-11	2015-11
Current Face Amount	5,467,827	5,306,031
Carrying Value	5,422,767	5,247,607
Loans receivable basis spread on variable rate	8.00%	6.00%
Coupon Rate	30-day LIBOR plus 8.00 %
Original Face Amount	6,300,000	6,300,000			6,300,000
Loans receivable, fixed rate	6.00%
Notes Receivable [Member] | Retail Shopping Center [Member] | Sarasota, FL [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Investment	2014-05	2014-05
Maturity Date	2015-06	2015-06
Original Face Amount	8,960,467	8,960,467				9,000,000
Current Face Amount	8,960,467	8,960,467
Carrying Value	8,960,467	8,960,467
Loans receivable basis spread on variable rate	7.25%	7.25%				7.25%
Coupon Rate	30-day LIBOR plus 7.25 %	30-day LIBOR plus 7.25 %
Development [Member] | Commercial Real Estate Portfolio Segment [Member] | Ormond Beach, FL [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Investment	2014-11	2014-11
Maturity Date	2015-11	2015-11
Original Face Amount	1,000,000	1,000,000					1,000,000
Current Face Amount	1,000,000	1,000,000
Carrying Value	$1,000,000	$1,000,000
Loans receivable basis spread on variable rate	7.25%	7.25%					7.25%
Coupon Rate	30-day LIBOR plus 7.25 %	30-day LIBOR plus 7.25 %

Commercial_Loan_Investments_Ca

Commercial Loan Investments - Carrying Value of Commercial Loan Investment (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Loans And Leases Receivable [Line Items]
Current Face Amount	$30,428,294	$30,266,498
Unaccreted Origination Fees	-45,060
Total Commercial Loan Investments	30,383,234	30,208,074
Commercial Mortgage Loan [Member]
Loans And Leases Receivable [Line Items]
Current Face Amount		30,266,498
Unaccreted Origination Fees		-58,424
Total Commercial Loan Investments		$30,208,074

Land_and_Subsurface_Interests_

Land and Subsurface Interests - Additional Information (Detail) (USD $)	0 Months Ended		1 Months Ended		3 Months Ended		9 Months Ended	12 Months Ended
	Sep. 19, 2014	Sep. 22, 2013	Sep. 30, 2013	Sep. 30, 2012	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014	Dec. 31, 2011
		acre	Payments		acre			acre
					Transactions
					sqft
Real Estate Properties [Line Items]
Number of Land transactions					0
Area of land sold					1,100,000
Oil exploration lease period	8 years				8 years			8 years
Oil exploration lease covering area		82,000			42,000			136,000
Rental payment received			$3,300,000	$922,000				$914,000
Number of payments aggregated and ratably recognized into income			2
Aggregate amount of payments received and ratably recognized into income			1,800,000
Areas removed from oil exploration lease		54,000
Period considered to recognize revenue ratably for payments received			12 months
Non-refundable penalty payment received and recognized in revenue			1,000,000		600,000
Amended oil exploration lease term					The terms of the lease state the Company will receive royality payments if production occurs and may receive additional annual rental payments if the lease is continued in years five through eight
Lease income recognized from oil exploration lease					460,000	812,000
Received rent payment	1,900,000						1,900,000
Lease period where payment recognized	12 months				12 months
Halifax Humane Society, Inc. [Member]
Real Estate Properties [Line Items]
Revenue from land sold						391,500
Revenue per acre						128,000
Land [Member] | Halifax Humane Society, Inc. [Member]
Real Estate Properties [Line Items]
Area of land sold						3.1
Gain (Loss) from sale of land						$347,000

Investment_Securities_Addition

Investment Securities - Additional Information (Detail) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Purchased of common stock and debt securities	$5,048,646
Net adjustment to unrealized holding gains on available-for sale securities	229,619	43,383
Investment securities unrealized gain		71,000
Other Comprehensive Income Unrealized Gain on Investment Securities, tax	144,200	27,245
Minimum [Member]
Schedule of Available-for-sale Securities [Line Items]
Debt instrument maturity	5 years
Maximum [Member]
Schedule of Available-for-sale Securities [Line Items]
Debt instrument maturity	10 years
Available-for-sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Realized gains on sales of available-for-sale securities	131,000
Net adjustment to unrealized holding gains on available-for sale securities	82,000
Investment securities unrealized gain	374,000
Other Comprehensive Income Unrealized Gain on Investment Securities, tax	144,000
Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Purchased of common stock and debt securities			730,000
Common Stock [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Purchased of common stock and debt securities	$5,100,000

Investment_Securities_Summary_

Investment Securities - Summary of Available for Sale Securities (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$5,050,337	$704,173
Gains in Accumulated Other Comprehensive Income	360,291	117,263
Losses in Accumulated Other Comprehensive Income	0	0
Estimated Fair Value (Level 1 and 2 Inputs)	5,410,628	821,436
Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		704,173
Gains in Accumulated Other Comprehensive Income		117,263
Losses in Accumulated Other Comprehensive Income		0
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,123,640	704,173
Gains in Accumulated Other Comprehensive Income	356,988	117,263
Losses in Accumulated Other Comprehensive Income	0	0
Equity Securities [Member] | Common Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,123,640
Gains in Accumulated Other Comprehensive Income	356,988
Losses in Accumulated Other Comprehensive Income	0
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,926,697
Gains in Accumulated Other Comprehensive Income	3,303
Losses in Accumulated Other Comprehensive Income	0
Debt Securities [Member] | Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,926,697
Gains in Accumulated Other Comprehensive Income	3,303
Losses in Accumulated Other Comprehensive Income	0
Quoted Prices in Active Markets (Level 1 Inputs) [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value (Level 1 and 2 Inputs)		821,436
Quoted Prices in Active Markets (Level 1 Inputs) [Member] | Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value (Level 1 and 2 Inputs)		821,436
Quoted Prices in Active Markets (Level 1 Inputs) [Member] | Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value (Level 1 and 2 Inputs)		821,436
Quoted Prices in Active Markets (Level 1 and 2 Inputs) [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value (Level 1 and 2 Inputs)	5,410,628
Quoted Prices in Active Markets (Level 1 and 2 Inputs) [Member] | Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value (Level 1 and 2 Inputs)	3,480,628
Quoted Prices in Active Markets (Level 1 and 2 Inputs) [Member] | Equity Securities [Member] | Common Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value (Level 1 and 2 Inputs)	3,480,628
Quoted Prices in Active Markets (Level 1 and 2 Inputs) [Member] | Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value (Level 1 and 2 Inputs)	1,930,000
Quoted Prices in Active Markets (Level 1 and 2 Inputs) [Member] | Debt Securities [Member] | Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value (Level 1 and 2 Inputs)	$1,930,000

Investment_Securities_Summary_1

Investment Securities - Summary of Sale of Investment Securities and Losses (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Proceeds from the Disposition of Equity Securities	$834,964
Cost Basis of Investment Securities Sold	-704,173
Gain recognized in Statement of Operations on the Disposition of Equity Securities	$130,791

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments - Summary of Carrying Value and Estimated Fair Value of Financial Instruments (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Debt Instrument Fair Value Carrying Value [Abstract]
Cash and Cash Equivalents, Carrying Value	$25,078,783	$1,881,195	$1,058,652	$4,932,512
Restricted Cash, Carrying Value	5,383,695	4,440,098
Investment Securities, Carrying Value	5,410,628	821,436
Commercial Loan Investments, Carrying Value	30,383,234	30,208,074
Long-Term Debt, Carrying Value	129,332,812	103,940,011
Cash and Cash Equivalents, Estimated Fair Value	25,078,783	1,881,195
Restricted Cash, Estimated Fair Value	5,383,695	4,440,098
Investment Securities, Estimated Fair Value	5,410,628	821,436
Commercial Loan Investments, Estimated Fair Value	30,428,294	30,266,498
Long-Term Debt, Estimated Fair Value	$129,332,812	$103,940,011

Intangible_Assets_Schedule_of_

Intangible Assets - Schedule of Intangible Assets and Liabilities (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Acquired Indefinite-lived Intangible Assets [Line Items]
Sub-total Intangible Lease Assets	$8,420,625	$9,043,617
Sub-total Intangible Lease Assets	9,618,115	10,352,123
Value of Below Market In-Place Leases, net	-631,170	-669,693
Total	8,986,945	9,682,430
Value of Above Market In-Place Leases, Net [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Sub-total Intangible Lease Assets	287,853	330,424
Value of Intangible Leasing Costs, Net [Member]
Acquired Indefinite-lived Intangible Assets [Line Items]
Sub-total Intangible Lease Assets	$909,637	$978,082

Intangible_Assets_Additional_I

Intangible Assets - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Accumulated amortization expense	$3,700,000		$3,600,000
Amortization expense	$422,000	$169,000

Intangible_Assets_Summary_of_E

Intangible Assets - Summary of Estimated Amortization Expense (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2015	$856,577
2016	1,104,014
2017	1,013,260
2018	1,005,572
2019	974,422
2020	810,297
Thereafter	3,222,803
Total	$8,986,945	$9,682,430

Impairment_of_LongLived_Assets1

Impairment of Long-Lived Assets - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Property, Plant and Equipment [Abstract]
Impairment Charges	$510,041	$0
Loss on sale of property	277,000
Estimated closing costs	$233,000

Common_Stock_and_Earnings_Per_2

Common Stock and Earnings Per Share - Summary of Common Stock and Earnings Per Share (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Available to Common Shareholders:
Net Income	$353,356	$1,500,407
Weighted Average Shares Outstanding	5,826,640	5,745,341
Common Shares Applicable to Stock
Options Using the Treasury Stock Method	33,721	2,188
Total Shares Applicable to Diluted Earnings Per Share	5,860,361	5,747,529
Basic and Diluted Per Share Information:
Net Income	$0.06	$0.26

Common_Stock_and_Earnings_Per_3

Common Stock and Earnings Per Share - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Dilutive Securities Included And Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive potentially securities	25,200	38,800
Impact on diluted net income per share	$0.06	$0.26
Additional diluted outstanding shares	5,860,361	5,747,529
Convertible Note [Member]
Dilutive Securities Included And Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Debt instrument interest rate	4.50%
Debt instrument interest rate terms	2020
4.50% Convertible Senior Notes due 2020 [Member]
Dilutive Securities Included And Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Impact on diluted net income per share	$0
Common stock exceeds conversion price	$68.90
Additional diluted outstanding shares	0
Debt instrument interest rate	4.50%

Treasury_Stock_Additional_Info

Treasury Stock - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 26, 2012
Equity, Class of Treasury Stock [Line Items]
Number of shares purchased	40,470	40,470
Costs of shares purchased	$1,381,566	$1,381,566
Odd-Lot Buy-Back Program [Member]
Equity, Class of Treasury Stock [Line Items]
Description of number of shares held by shareholder, maximum	Less than 100
Purchase price of shares from shareholders				$31
Number of shares purchased		25,836	4,660	14,634
Costs of shares purchased		928,000	105,000	454,000
Buy back expiration date	30-Jun-12
Repurchase occurred, amount	0
Repurchase of remaining shares	$6,500,000
Odd-Lot Buy-Back Program [Member] | Maximum [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares held by shareholders				100

LongTerm_Debt_Credit_Facility_

Long-Term Debt (Credit Facility) - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$57,500,000
Credit Facility [Member]
Debt Instrument [Line Items]
Amended date of line of credit	20-Apr-15
Expiration date of line of credit	1-Aug-18
Line of credit facility, extension term	1 year
Line of credit facility, current borrowing capacity	75,000,000
Long-term debt LIBOR plus interest rate, reckoning period	30 days
Line of credit facility unused portion of borrowing capacity description	The Credit Facility also accrues a fee of 20 to 25 basis points for any unused portion of the borrowing capacity based on whether the unused portion is greater or less than 50% of the total borrowing capacity.
Line of credit facility unused portion of the borrowing capacity fee percentage condition	50.00%
Line of credit facility, maturity date	1-Aug-18
Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage on unused portion of the borrowing capacity	0.20%
Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage on unused portion of the borrowing capacity	0.25%
Credit Facility [Member] | Line of Credit New [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$125,000,000
Credit Facility [Member] | Line of Credit New [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate description	LIBOR plus 135 basis
Line of credit facility, basis points added to LIBOR interest rate	1.35%
Credit Facility [Member] | Line of Credit New [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate description	LIBOR plus 225 basis
Line of credit facility, basis points added to LIBOR interest rate	2.25%

LongTerm_Debt_Summary_of_Amoun

Long-Term Debt - Summary of Amount of Adjustment to Each Balance Sheet Element (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015
Liabilities:
Deferred Income Taxes - Net	$1,337,644
Long-Term Debt	7,936,882
Shareholders' Equity:
Additional Paid-In Capital	($9,274,526)

LongTerm_Debt_Mortgage_Notes_P

Long-Term Debt (Mortgage Notes Payable) - Additional Information (Detail) (Mortgage Notes Payable [Member], USD $)	3 Months Ended	9 Months Ended
	Mar. 31, 2015	Sep. 30, 2014	Feb. 22, 2013	Mar. 08, 2013
		Property
UBS Mortgage Note Payable [Member]
Debt Instrument [Line Items]
Mortgage Note Payable			$7,300,000
Maturity period	2018-02
Interest rate on mortgage loan	3.66%
Date of acquisition	31-Jan-13
UBS Mortgage Note Payable [Member] | Hilton Resorts Corporation [Member]
Debt Instrument [Line Items]
Number of office building	2
BOA Mortgage Note Payable [Member]
Debt Instrument [Line Items]
Mortgage Note Payable				23,100,000
Maturity period	2023-04
Interest rate on mortgage loan	3.67%
Number of income properties	14
Wells Fargo Mortgage Note Payable [Member]
Debt Instrument [Line Items]
Mortgage Note Payable		$30,000,000
Maturity period		2034-10
Interest rate on mortgage loan		4.33%
Number of income properties		6
Mortgage loan payment terms	The mortgage loan matures in October 2034, and carries a fixed rate of 4.33% per annum during the first ten years of the term, and requires payments of interest only during the first ten years of the loan. After the tenth anniversary of the effective date of the loan the cash flows generated by the underlying six income properties must be used to pay down the principal balance of the loan until paid off or until the loan matures. The loan is fully pre-payable after the tenth anniversary date of the effective date of the loan.

LongTerm_Debt_Convertible_Debt

Long-Term Debt (Convertible Debt) - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended
	Mar. 11, 2015	Mar. 31, 2015	Mar. 11, 2015
Debt Instrument [Line Items]
Amount of loan issued		$135,400,000
Unamortized debt discount of notes		6,067,188
Decrease in total shareholders' equity		-9,274,526
4.50% Convertible Senior Notes due 2020 [Member]
Debt Instrument [Line Items]
Amount of loan issued	75,000,000	75,000,000	75,000,000
Debt instrument maturity year	2020	2020
Debt instrument interest rate	4.50%		4.50%
New Series Convertible Notes maturity date	15-Mar-20
Debt instrument conversion ratio		14.5136
Initial conversion price per share		$68.90
Convertible notes principal amount		1,000
Net proceeds from issuance of notes	72,400,000
Cash Discount for issuance of the notes	2,600,000
Credit facility repayments	47,500,000
Equity Component of Convertible Debt	3,500,000	2,100,000	3,500,000
Unamortized debt discount of notes		6,100,000
Increase in total liabilities		9,300,000
Decrease in total shareholders' equity		($9,274,526)

LongTerm_Debt_Schedule_of_Long

Long-Term Debt - Schedule of Long-Term Debt (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Credit Facility	$0
4.50% Convertible Senior Notes due 2020, net of discount	68,932,812
Total Long-Term Debt	129,332,812	103,940,011
Credit Facility	0
4.50% Convertible Senior Notes due 2020, net of discount	0
Total Long-Term Debt	0
UBS Mortgage Note Payable [Member]
Debt Instrument [Line Items]
Mortgage Note Payable	7,300,000
Mortgage Note Payable	0
BOA Mortgage Note Payable [Member]
Debt Instrument [Line Items]
Mortgage Note Payable	23,100,000
Mortgage Note Payable	0
Wells Fargo Mortgage Note Payable [Member]
Debt Instrument [Line Items]
Mortgage Note Payable	30,000,000
Mortgage Note Payable	$0

LongTerm_Debt_Schedule_of_Long1

Long-Term Debt - Schedule of Long-Term Debt (Parenthetical) (Detail) (4.50% Convertible Senior Notes due 2020 [Member])	3 Months Ended
	Mar. 31, 2015
4.50% Convertible Senior Notes due 2020 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate	4.50%
Debt instrument maturity year	2020

LongTerm_Debt_Summary_of_Payme

Long-Term Debt - Summary of Payments Applicable to Reduction of Principal Amounts (Detail) (USD $)	Mar. 31, 2015
Debt Disclosure [Abstract]
Remainder of 2015	$0
2016	0
2017	0
2018	7,300,000
2019	0
2020	75,000,000
Thereafter	53,100,000
Total Long-Term Debt	$135,400,000

LongTerm_Debt_Summary_of_Carry

Long-Term Debt - Summary of Carrying Value of Long-Term Debt (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Current Face Amount	$135,400,000
Unamortized Discount on Convertible Debt	-6,067,188
Total Long-Term Debt	$129,332,812	$103,940,011

LongTerm_Debt_Additional_Infor

Long-Term Debt - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Debt Disclosure [Abstract]
Interest expense	$969,000	$413,000
Interest paid	815,000	378,000
Interest capitalized	0	6,700
Amortization of loan costs	72,537	54,775
Amortization of discount	25,000
Amortization of discount	($6,067,188)

Accrued_and_Other_Liabilities_1

Accrued and Other Liabilities - Summary of Accrued and Other Liabilities (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Golf Course Lease	$2,881,485	$2,973,898
Accrued Property Taxes	337,169
Other Post-Retirement Benefits		142,797
Reserve for Tenant Improvements	577,429	551,250
Accrued Interest	351,623	197,929
Environmental Reserve	100,985	108,733
Below Market In-Place Leases, net	631,170	669,693
Other	450,337	1,426,902
Total Accrued and Other Liabilities	$5,330,198	$6,071,202

Accrued_and_Other_Liabilities_2

Accrued and Other Liabilities - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended
	Jul. 31, 2012	Mar. 31, 2015	Dec. 31, 2014	Apr. 22, 2014
Accrued Liabilities [Line Items]
Lease, base rent	$250,000
Annual rate adjustment percentage	1.75%
Investments agreed under lease arrangement	200,000
Description of additional rent payable		Company will pay additional rent to the City equal to 5.0% of gross revenues exceeding $5,500,000 and 7.0% of gross revenues exceeding $6,500,000.
Additional rent percentage exceeding $5,500,000 gross revenue	5.00%
Additional rent percentage on exceeding $6,500,000 gross revenue	7.00%
Gross revenue value for additional rent under lease amendment lower limit	5,500,000
Gross revenue value for additional rent under lease amendment upper limit	6,500,000
Rent deferred, no longer due	3,000,000	2,000,000
Lease term expiration year	2022
Tenant improvements credited at closing balance		577,429	551,250
Environmental reserve accrued			110,000
Environmental remediation cost		8,000
Lowes [Member]
Accrued Liabilities [Line Items]
Tenant improvements credited at closing balance				651,000
Final payment for the completion of improvements on client request		100,000
Minimum [Member]
Accrued Liabilities [Line Items]
Base rent payments per year	250,000
Maximum [Member]
Accrued Liabilities [Line Items]
Base rent payments per year	$500,000

Deferred_Revenue_Summary_of_De

Deferred Revenue - Summary of Deferred Revenue (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Deferred Revenue Arrangement [Line Items]
Deferred Oil Exploration Lease Revenue	$894,728	$1,354,873
Deferred Land Sale Revenue		87,581
Prepaid Rent	564,612	674,165
Other Deferred Revenue	373,765	392,584
Escrow Reserve	1,926,016	2,718,543
Escrow Reserve, Container Store Loan [Member]
Deferred Revenue Arrangement [Line Items]
Escrow Reserve	46,248	144,124
Escrow Reserve, Plantation Oaks Loan [Member]
Deferred Revenue Arrangement [Line Items]
Escrow Reserve	$46,663	$65,216

Deferred_Revenue_Additional_In

Deferred Revenue - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 19, 2014	Mar. 31, 2015	Sep. 30, 2014	Dec. 31, 2011
		sqft
Deferred Revenue Arrangement [Line Items]
Received rent payment	$1,900,000		$1,900,000
Term of oil exploration lease	8 years	8 years		8 years
Lease period where payment recognized	12 months	12 months
Lease expiration year	2015-09
Area of land sold		1,100,000
Property East of Interstate 95 [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenue recognized from sale of land		597,000
Deferred revenue recognized during the period		88,000
Revenue from land sold		7,800,000
Property East of Interstate 95 [Member] | Land [Member]
Deferred Revenue Arrangement [Line Items]
Area of land sold		75.6

Pension_Plan_Additional_Inform

Pension Plan - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, general information	The Company maintained a Defined Benefit Pension Plan (the "Pension Plan") which had been, prior to December 31, 2011, for all employees who had attained the age of 21 and completed one year of service.
Contribution to fund the pension plan to effectuate termination	$43,000
Cost of legal and other advisors to complete termination	$170,000
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, eligibility age criteria	21 years
Defined benefit plan eligibility year of service rendered	1 year

StockBased_Compensation_Equity

Stock-Based Compensation - Equity-Classified Stock Compensation (Market Condition Restricted Shares) - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period of compensation cost to be recognized	4 months 24 days
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to market condition non-vested restricted shares	13,000
Weighted average period of compensation cost to be recognized	7 months 6 days
2010 Plan [Member] | Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	5 years

StockBased_Compensation_Summar

Stock-Based Compensation - Summary of Stock Based Compensation Activity (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares Outstanding, beginning balance	5,067
Stock based compensation, Shares, Forfeited	-567
Stock based compensation, Shares Outstanding, ending balance	4,500
Stock based compensation, Weighted Average Fair Value Per Share, beginning balance	$23.13
Stock based compensation, Weighted Average Fair Value Per Share, Forfeited	$23.13
Stock based compensation, Weighted Average Fair Value Per Share, ending balance	$23.13
Three Year Vest Non-Vested Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares Outstanding, beginning balance	14,200
Stock based compensation, Shares, Granted	19,700
Stock based compensation, Shares, Vested	-4,734
Stock based compensation, Shares, Forfeited	-833
Stock based compensation, Shares Outstanding, ending balance	28,333
Stock based compensation, Weighted Average Fair Value Per Share, beginning balance	$36.08
Stock based compensation, Weighted Average Fair Value Per Share, Granted	$55.93
Stock based compensation, Weighted Average Fair Value Per Share, Vested	$36.08
Stock based compensation, Weighted Average Fair Value Per Share, Forfeited	$48
Stock based compensation, Weighted Average Fair Value Per Share, ending balance	$49.53

StockBased_Compensation_Equity1

Stock-Based Compensation - Equity-Classified Stock Compensation (Market Condition Inducement Grant of Restricted Shares) - Additional Information (Detail) (USD $)	3 Months Ended	12 Months Ended		3 Months Ended
	Mar. 31, 2015	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2014
	Increment
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares vesting description	The restricted shares will vest in six increments based upon the price per share of the Companybs common stock during the term of their employment (or within ninety days after termination of employment by the Company without cause), meeting or exceeding the target trailing ninety-day average closing prices ranging from $36 per share for the first increment to $65 per share for the final increment.
Restricted share award closing prices range per share, Minimum	$36
Restricted share award closing prices range per share, Maximum	$65
Restricted share award average closing prices, period	90 days
Number of increments had vested	6
Weighted average period of compensation cost to be recognized	4 months 24 days
Mr Albright [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of increments had vested	4
Mr Patten [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of increments had vested	4
Mr Smith [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares vesting description	The restricted stock will vest in two increments based upon the price per share of Company common stock during the term of their employment (or within 60 days after termination of employment by the Company without cause), meeting or exceeding the target trailing 60-day average closing prices of $60 per share and $65 per share for the two increments.
Restricted share award closing prices range per share, Minimum	$60
Restricted share award closing prices range per share, Maximum	$65
Restricted share award average closing prices, period	60 days
Number of increments had vested	0
Senior Executive [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of increments had vested	0
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$175,000
Weighted average period of compensation cost to be recognized	7 months 6 days
Restricted Shares [Member] | 2010 Plan [Member] | Mr Albright [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted		96,000	96,000
Restricted Shares [Member] | 2010 Plan [Member] | Mr Patten [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted		17,000	17,000
Restricted Shares [Member] | 2010 Plan [Member] | Mr Smith [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted				2,500
Restricted Shares [Member] | 2010 Plan [Member] | Senior Executive [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted	3,000

StockBased_Compensation_Summar1

Stock-Based Compensation - Summary of Market Condition Inducement Grant of Restricted Shares (Detail) (Inducement Grant of Restricted Stock [Member], USD $)	3 Months Ended
	Mar. 31, 2015
Inducement Grant of Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares Outstanding, beginning balance	40,500
Stock based compensation, Shares, Granted	3,000
Stock based compensation, Shares, Vested	0
Stock based compensation, Shares, Forfeited	0
Stock based compensation, Shares Outstanding, ending balance	43,500
Stock based compensation, Weighted Average Fair Value, beginning balance	$15.55
Stock based compensation, Weighted Average Fair Value, Granted	$46.81
Stock based compensation, Weighted Average Fair Value, Vested	$0
Stock based compensation, Weighted Average Fair Value, Forfeited	$0
Stock based compensation, Weighted Average Fair Value, ending balance	$17.70

StockBased_Compensation_Equity2

Stock-Based Compensation - Equity-Classified Stock Compensation (Three Year Vest Restricted Shares) - Additional Information (Detail) (USD $)	3 Months Ended	0 Months Ended
	Mar. 31, 2015	Jan. 28, 2015	Jan. 22, 2014	Feb. 09, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period of compensation cost to be recognized	4 months 24 days
Three Year Vest Non-Vested Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted	19,700
Percent of restricted shares vested in each anniversaries, description	One-third of restricted shares will vest on each of the first, second, and third anniversaries of the grant date, provided they are an employee of the Company on those dates.
Unrecognized compensation cost	1,300,000
Weighted average period of compensation cost to be recognized	2 years 7 months 6 days
Three Year Vest Non-Vested Restricted Stock [Member] | 2010 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted		11,700	14,500
Three Year Vest Non-Vested Restricted Stock [Member] | 2010 Plan [Member] | Mr Albright [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted				8,000

StockBased_Compensation_Equity3

Stock-Based Compensation - Equity-Classified Stock Compensation (Non-Qualified Stock Option Awards) - Additional Information (Detail) (USD $)	3 Months Ended	0 Months Ended		12 Months Ended
	Mar. 31, 2015	Jan. 23, 2013	Feb. 09, 2015	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period of compensation cost to be recognized	4 months 24 days
Non-Qualified Stock Option Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiry of option	(a) the tenth anniversary of the grant date; (b) twelve months after the employee's death or termination for disability; or (c) thirty days after the termination of employment for any reason other than death or disability
Stock based compensation, Shares, Granted	20,000
Weighted-average grant-date fair value of options granted	14.22
Total intrinsic value of options exercised	32,000
Unrecognized compensation cost related to market condition non-vested restricted shares	437,000
Weighted average period of compensation cost to be recognized	1 year 1 month 6 days
Non-Qualified Stock Option Award [Member] | Mr Albright [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiry of option	(a) January 28, 2025; (b) twelve months after the employeebs death or termination for disability; or (c) thirty days after the termination of employment for any reason other than death or disability.
Percent of options vested in each anniversaries, description	The options vest on January 28, 2016, provided he is an employee of the Company on that date.
Non-Qualified Stock Option Award [Member] | Mr Patten [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiry of option	(a) the fifth anniversary of the grant date; (b) twelve months after the employee's death or termination for disability; or (c) thirty days after the termination of employment for any reason other than death or disability.
Percent of options vested in each anniversaries, description	One-third of these options will vest on each of the first, second, and third anniversaries of the grant date, provided the recipient is an employee of the Company on those dates.
Non-Qualified Stock Option Award [Member] | 2010 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted		51,000
Non-Qualified Stock Option Award [Member] | 2010 Plan [Member] | Mr Albright [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted				50,000
Stock based compensation, Shares, Granted			20,000
Options granted exercise price			$57.50
Non-Qualified Stock Option Award [Member] | 2010 Plan [Member] | Mr Patten [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted					10,000
Stock based compensation, Shares, Granted		10,000
Non-Qualified Stock Option Award [Member] | 2010 Plan [Member] | Mr Smith [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted						10,000

StockBased_Compensation_Summar2

Stock-Based Compensation - Summary of Stock Based Compensation Activity for Non-Qualified Stock Option Award (Detail) (Non-Qualified Stock Option Award [Member], USD $)	3 Months Ended
	Mar. 31, 2015
Non-Qualified Stock Option Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares Outstanding, beginning balance	84,765
Stock based compensation, Shares, Granted	20,000
Stock based compensation, Shares, Exercised	-1,650
Stock based compensation, Shares, Forfeited	-4,870
Stock based compensation, Shares Outstanding, ending balance	98,245
Stock based compensation, Shares, Exercisable	50,395
Stock based compensation, Weighted Average Exercise Price, beginning balance	$34.39
Stock based compensation, Weighted Average Exercise Price, Granted	$57.50
Stock based compensation, Weighted Average Exercise Price, Exercised	$34.95
Stock based compensation, Weighted Average Exercise Price, Forfeited	$34.95
Stock based compensation, Weighted Average Exercise Price, ending balance	$39.05
Stock based compensation, Weighted Average Exercise Price, Exercisable	$31.39
Stock based compensation, Weighted Average Remaining Contractual Term, Outstanding	6 years 2 months 12 days
Stock based compensation, Weighted Average Remaining Contractual Term, Exercisable	5 years 4 days
Stock based compensation, Aggregate Intrinsic Value, Outstanding	$2,024,409
Stock based compensation, Aggregate Intrinsic Value, Exercisable	$1,424,461

StockBased_Compensation_Summar3

Stock-Based Compensation - Summary of Non-Vested Options for Non-Qualified Stock Option Awards (Detail) (Non-Qualified Stock Option Award [Member], USD $)	3 Months Ended
	Mar. 31, 2015
Non-Qualified Stock Option Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-Vested Shares, beginning balance	47,570
Granted	20,000
Vested	-14,850
Forfeited	-4,870
Non-Vested Shares, ending balance	47,850
Fair Value of Shares Vested	$519,008

StockBased_Compensation_Liabil

Stock-Based Compensation - Liability-Classified Stock Compensation - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
2001 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock could be issued under stock option plan 2001	500,000
Number of new stock options issued under 2001 plan	0
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of options exercised	56,000
Stock Appreciation Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option shares issued under stock appreciation rights	0	0
Stock Appreciation Rights [Member] | 2001 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of options exercised	30,000
Stock Options and Stock Appreciation Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option liability	318,000		$560,000

StockBased_Compensation_Summar4

Stock-Based Compensation - Summary of Share Option Activity of Stock Option and Stock Appreciation Rights Under 2001 Plan (Detail) (2001 Plan [Member], USD $)	3 Months Ended
	Mar. 31, 2015
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares Outstanding, beginning balance	35,300
Stock based compensation, Shares, Granted	0
Stock based compensation, Shares, Exercised	-2,500
Stock based compensation, Shares, Forfeited	-14,000
Stock based compensation, Shares Outstanding, ending balance	18,800
Stock based compensation, Shares, Exercisable	18,800
Stock based compensation, Weighted Average Fair Value, beginning balance	$62.47
Stock based compensation, Weighted Average Fair Value, Granted	$0
Stock based compensation, Weighted Average Fair Value, Exercised	$33.16
Stock based compensation, Weighted Average Fair Value Per Share, Forfeited	$66.54
Stock based compensation, Weighted Average Fair Value, ending balance	$63.35
Stock based compensation, Weighted Average Fair Value, Exercisable	$63.35
Stock based compensation, Weighted Average Remaining Contractual Term, Outstanding	2 years 2 months 1 day
Stock based compensation, Weighted Average Remaining Contractual Term, Exercisable	2 years 2 months 1 day
Stock based compensation, Aggregate Intrinsic Value, Outstanding	$76,640
Stock based compensation, Aggregate Intrinsic Value, Exercisable	76,640
Stock Appreciation Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares Outstanding, beginning balance	35,300
Stock based compensation, Shares, Granted	0
Stock based compensation, Shares, Exercised	-2,500
Stock based compensation, Shares, Forfeited	-14,000
Stock based compensation, Shares Outstanding, ending balance	18,800
Stock based compensation, Shares, Exercisable	18,800
Stock based compensation, Weighted Average Fair Value, beginning balance	$5.56
Stock based compensation, Weighted Average Fair Value, Granted	$0
Stock based compensation, Weighted Average Fair Value, Exercised	$15.58
Stock based compensation, Weighted Average Fair Value Per Share, Forfeited	$4.84
Stock based compensation, Weighted Average Fair Value, ending balance	$5.92
Stock based compensation, Weighted Average Fair Value, Exercisable	$5.92
Stock based compensation, Aggregate Intrinsic Value, Outstanding	41,268
Stock based compensation, Aggregate Intrinsic Value, Exercisable	$41,268

StockBased_Compensation_Assump

Stock-Based Compensation - Assumptions Used in Determining Fair Value of Stock Options and Stock Appreciation Rights (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected Volatility	33.31%	34.07%
Expected Dividends	0.13%	0.07%
Expected Term	2 years	2 years
Risk-Free Rate	0.67%	0.78%

StockBased_Compensation_Recogn

Stock-Based Compensation - Recognized Financial Statements for Stock Options, Stock Appreciation Rights, and Restricted Stock (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Total Cost of Share-Based Plans Charged Against Income Before Tax Effect	$75,352	$291,092
Income Tax Expense Recognized in Income	($29,067)	($112,289)

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Effective income tax rate including income taxes attributable to the discontinued operations	38.80%	38.80%

Commitments_and_Contingencies_

Commitments and Contingencies (Legal Proceedings) - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Jan. 29, 2014	Mar. 31, 2015	31-May-10
		acre
Loss Contingencies [Line Items]
Summary judgment of foreclosure hearing date		12-Jan-12
Area of real estate property		1,100,000
FM Bayberry Cove Holding, LLC [Member]
Loss Contingencies [Line Items]
Claim of lien on real property			$3.80
Area of real estate property		600
Company's foreclosure sale date		29-Jan-14
Claim for un-reimbursed costs and accrued interest	4.7
FM Bayberry Cove Holding, LLC [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Claim for un-reimbursed costs and accrued interest		4.6

Commitments_and_Contingencies_1

Commitments and Contingencies (Contractual Commitments) - Additional Information (Detail) (USD $)	3 Months Ended		0 Months Ended	10 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	16-May-14	Mar. 31, 2015	Dec. 31, 2014	Apr. 30, 2015	Dec. 31, 2013
	sqft
Loss Contingencies [Line Items]
Area of real estate property	1,100,000			1,100,000
Cash deposited related to improvements	$285,000			$285,000
Payments provided to fund contractual commitment	161,796	5,000,000
Estimated cost of construction, current year	10,532			10,532
Construction [Member] | Container Store [Member] | Glendale, AZ [Member]
Loss Contingencies [Line Items]
Payments provided to fund contractual commitment			3,100,000	5,500,000
Original Face Amount	6,300,000		6,300,000	6,300,000	6,300,000
Mortgage loan commitments	832,000			832,000
Construction [Member] | Container Store [Member] | Glendale, AZ [Member] | Subsequent Event [Member]
Loss Contingencies [Line Items]
Remaining commitment						733,000
Construction and Other Commitment [Member]
Loss Contingencies [Line Items]
Cash deposited related to improvements							283,500
Reimbursement period of land improvement cost	5 years
Number of construction agreements	2			2
Total commitments	0
Estimated cost of construction, current year	1,300,000			1,300,000
Construction and Other Commitment [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Remaining commitment	693,000			693,000
Construction and Other Commitment [Member] | RaceTrac Petroleum, Inc. ("RaceTrac") [Member]
Loss Contingencies [Line Items]
Area of real estate property	3.4			3.4
Estimated cost for improvements	1,260,000
Percentage of cost paid	77.50%
Actual cost paid for the next five years	$976,500			$976,500
Construction and Other Commitment [Member] | Williamson Crossing [Member]
Loss Contingencies [Line Items]
Area of real estate property	23			23
Construction and Other Commitment [Member] | Williamson Crossing Remaining Site [Member]
Loss Contingencies [Line Items]
Area of real estate property	19.6			19.6

Business_Segment_Data_Addition

Business Segment Data - Additional Information (Detail)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	Commercial_Loan
	Segment
	acre
Segment Reporting Information [Line Items]
Number of operating segment	4
Income property operation percent of identifiable asset	61.80%		68.70%
Income property operation percent of consolidated revenue	58.30%	47.50%
Number of commercial loan investments	5
Golf operation description	Our golf operations consist of a single property located in the City, with two 18-hole championship golf courses
Land portfolio	10,500
Commercial Mortgage Loan [Member] | Atlanta [Member]
Segment Reporting Information [Line Items]
Number of commercial mortgage loan investment collateralized by a hotel property	1
Mezzanine Loan [Member] | Atlanta [Member]
Segment Reporting Information [Line Items]
Number of commercial mortgage loan investment collateralized by a hotel property	5

Business_Segment_Data_Summary_

Business Segment Data - Summary of Operations in Different Segments (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Income Properties	$4,260,675	$3,404,359
Interest Income from Commercial Loan Investments	631,484	943,890
Real Estate Operations	859,801	1,349,247
Golf Operations	1,537,426	1,417,379
Agriculture and Other Income	18,939	57,844
Revenues	7,308,325	7,172,719
Operating Income (Loss)	1,493,887	2,903,869
Depreciation and Amortization	1,155,739	772,008
Capital Expenditures	81,353	5,839,877
Identifiable Assets	305,088,117		276,592,448
Income Properties [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	3,619,829	3,064,340
Depreciation and Amortization	1,085,637	706,253
Capital Expenditures	54,264	752,024
Identifiable Assets	188,683,961		190,087,575
Commercial Loan Investments [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	631,484	943,890
Capital Expenditures		5,000,000
Identifiable Assets	30,501,263		30,274,302
Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	261,078	1,097,297
Identifiable Assets	43,757,954		43,833,515
Golf Operations [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	147,814	84,353
Depreciation and Amortization	58,776	56,863
Capital Expenditures	16,017	35,393
Identifiable Assets	3,276,832		3,639,903
Agriculture and Other Income [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	-36,212	-3,569
Depreciation and Amortization	11,326	8,892
Capital Expenditures	11,072	52,460
Identifiable Assets	38,868,107		8,757,153
General and Corporate Expense [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	($3,130,106)	($2,282,442)

Subsequent_Events_Additional_I

Subsequent Events -Additional Information (Detail) (USD $)	3 Months Ended	0 Months Ended
	Mar. 31, 2015	Apr. 17, 2015	Apr. 01, 2015	Apr. 20, 2015
		Buildings
		sqft
Subsequent Event [Line Items]
Loss on sale of building	($277,000)
Line of credit facility, maximum borrowing capacity	57,500,000
Cash held from collateral security agreement	968,000
Letter of credit outstanding	940,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Area of building sold		13,813
Number of buildings sold		2
Weighted average remaining lease term		8 years 8 months 12 days
Proceeds from building		6,400,000
Line of credit facility, maximum borrowing capacity				57,500,000
Impairment Charges [Member]
Subsequent Event [Line Items]
Loss on sale of building	510,000
Apopka, Florida [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Decrease in restricted cash			$3,200,000