UMH Properties (UMH) 10-K 11 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 02, 2015	Jun. 30, 2014
Document Information [Line Items]
Entity Registrant Name	UMH PROPERTIES, INC.
Entity Central Index Key	752642
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Document Type	10-K
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Entity Well-Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float	$0
Entity Common Stock, Shares Outstanding		24,888,499
Affiliates [Member]
Document Information [Line Items]
Entity Public Float			201,579,890
Non Affiliates [Member]
Document Information [Line Items]
Entity Public Float			$225,271,985

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Investment Property And Equipment
Land	$39,133,514	$33,973,214
Site and Land Improvements	299,776,250	256,830,234
Buildings and Improvements	17,534,698	13,273,690
Rental Homes and Accessories	91,719,997	61,747,274
Total Investment Property	448,164,459	365,824,412
Equipment and Vehicles	12,242,086	11,130,719
Total Investment Property and Equipment	460,406,545	376,955,131
Accumulated Depreciation	-99,522,180	-84,655,017
Net Investment Property and Equipment	360,884,365	292,300,114
Other Assets
Cash and Cash Equivalents	8,082,792	7,615,143
Securities Available for Sale at Fair Value	63,555,961	59,254,942
Inventory of Manufactured Homes	12,306,715	13,786,041
Notes and Other Receivables, net	24,719,480	26,019,725
Unamortized Financing Costs	2,228,779	2,128,006
Prepaid Expenses	629,120	1,182,850
Land Development Costs	5,861,764	5,693,153
Total Other Assets	117,384,611	115,679,860
TOTAL ASSETS	478,268,976	407,979,974
Liabilities:
Mortgages Payable	182,670,854	160,639,944
Other liabilities:
Accounts Payable	1,824,293	1,628,713
Loans Payable	77,439,230	49,118,996
Accrued Liabilities and Deposits	4,757,604	3,852,799
Tenant Security Deposits	2,749,890	2,153,785
Total Other Liabilities	86,771,017	56,754,293
Total Liabilities	269,441,871	217,394,237
Commitments And Contingencies
Shareholders' equity:
Series A - 8.25% Cumulative Redeemable Preferred Stock, par value $.10 per share, 3,663,800 shares authorized, issued and outstanding as of December 31, 2014 and 2013	91,595,000	91,595,000
Common Stock - $.10 par value per share, 42,000,000 shares authorized; 24,372,083 and 20,769,892 shares issued and outstanding as of December 31, 2014 and 2013, respectively	2,437,208	2,076,989
Excess Stock - $.10 par value per share, 3,000,000 shares authorized; no shares issued or outstanding as of December 31, 2014 and 2013	0	0
Additional Paid-In Capital	110,422,454	96,504,643
Accumulated Other Comprehensive Income	5,040,236	1,076,898
Accumulated Deficit	-667,793	-667,793
Total Shareholders' Equity	208,827,105	190,585,737
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$478,268,976	$407,979,974

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Balance Sheets [Abstract]
Preferred stock, par value	$0.10	$0.10
Series A - 8.25% Cumulative Redeemable Preferred Stock, shares authorized	3,663,800	3,663,800
Series A - 8.25% Cumulative Redeemable Preferred Stock, shares issued	3,663,800	3,663,800
Series A - 8.25% Cumulative Redeemable Preferred Stock, shares outstanding	3,663,800	3,663,800
Percentage rate on Cumulative Redeemable Preferred Stock	8.25%	8.25%
Common Stock, par value	$0.10	$0.10
Common Stock, shares authorized	42,000,000	42,000,000
Common Stock, shares issued	24,372,083	20,769,892
Common Stock, shares outstanding	24,372,083	20,769,892
Excess Stock, par value	$0.10	$0.10
Excess Stock , shares authorized	3,000,000	3,000,000
Excess Stock , shares issued
Excess Stock , shares outstanding

Consolidated_Statements_of_Inc

Consolidated Statements of Income (Loss) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
INCOME:
Rental and Related Income	$63,886,010	$53,477,893	$38,012,231
Sales of Manufactured Homes	7,545,923	8,727,214	8,815,533
Total Income	71,431,933	62,205,107	46,827,764
EXPENSES:
Community Operating Expenses	33,592,327	29,140,920	20,564,286
Cost of Sales of Manufactured Homes	5,832,540	7,204,410	7,903,678
Selling Expenses	2,983,376	1,985,834	2,152,701
General and Administrative	6,465,973	6,541,224	5,374,516
Acquisition Costs	483,522	1,455,542	862,169
Depreciation Expense	15,163,420	11,681,724	7,357,158
Total Expenses	64,521,158	58,009,654	44,214,508
OTHER INCOME (EXPENSE):
Interest Income	2,098,974	2,186,387	2,027,969
Dividend Income	4,065,986	3,481,514	3,243,592
Gain on Sale of Securities Transactions, net	1,542,589	4,055,812	4,092,585
Other Income	328,888	211,051	643,588
Interest Expense	-10,194,472	-7,849,835	-5,803,172
Amortization of Financing Costs	-522,250	-462,362	-302,280
Total Other Income (Expense)	-2,680,285	1,622,567	3,902,282
Income Before Gain (Loss) on Sales of Investment Property and Equipment	4,230,490	5,818,020	6,515,538
Gain (Loss) on Sales of Investment Property Investment Property and Equipment	7,313	18,803	-41,481
NET INCOME	4,237,803	5,836,823	6,474,057
Less: Preferred Dividend	7,556,588	7,556,588	4,724,718
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	($3,318,785)	($1,719,765)	$1,749,339
Basic Income Per Share:
Net Income	$0.19	$0.31	$0.40
Less: Preferred Dividend	($0.34)	($0.40)	($0.29)
Net Income (Loss) Attributable to Common Shareholders	($0.15)	($0.09)	$0.11
Diluted Income Per Share:
Net Income	$0.19	$0.31	$0.40
Less: Preferred Dividend	($0.34)	($0.40)	($0.29)
Net Income (Loss) Attributable to Common Shareholders	($0.15)	($0.09)	$0.11
Weighted Average Shares Outstanding:
Basic	22,496,103	18,724,321	16,197,339
Diluted	22,539,708	18,789,662	16,260,225

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statements of Comprehensive Income (Loss)
Net Income	$4,237,803	$5,836,823	$6,474,057
Other Comprehensive Income (Loss):
Unrealized Holding Gains (Losses) Arising During the Year	5,505,772	-1,441,406	8,245,236
Reclassification Adjustment for Net Gains Realized in Income	-1,542,589	-4,055,812	-4,092,585
Change in Fair Value of Interest Rate Swap Agreements	155	337,955	-377,795
Comprehensive Income	8,201,141	677,560	10,248,913
Less: Preferred Dividend	-7,556,588	-7,556,588	-4,724,718
Comprehensive Income (Loss) Attributable to Common Shareholders	$644,553	($6,879,028)	$5,524,195

Consolidated_Statements_of_Sha

Consolidated Statements of Shareholders' Equity (USD $)		Total	Common Stock Issued	Preferred Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Undistributed Income (Accumulated Deficit)
Balance at Dec. 31, 2011		$105,877,205	$1,525,284	$33,470,000	$69,088,409	$2,461,305	($667,793)
Balance, (Shares) at Dec. 31, 2011			15,252,839
Common Stock Issued with the DRIP	[1]	18,058,038	178,004	0	17,880,034	0	0
Common Stock Issued with the DRIP, (Shares)	[1]		1,780,043
Common Stock Issued through Restricted Stock Awards		0	7,500	0	-7,500	0	0
Common Stock Issued through Restricted Stock Awards, (Shares)			75,000
Common Stock Issued through Stock Options		30,240	400	0	29,840	0	0
Common Stock Issued through Stock Options, (Shares)			4,000
Preferred Stock Issued through Underwritten Public Offering , net		25,702,218	0	26,875,000	-1,172,782	0	0
Preferred Stock Issued through Direct Placement, net		30,550,295	0	31,250,000	-699,705	0	0
Distributions		-16,054,905	0	0	-9,580,848	0	-6,474,057
Stock Compensation Expense		573,244	0	0	573,244	0	0
Net Income		6,474,057	0	0	0	0	6,474,057
Unrealized Net Holding Gain on Securities Available for Sale Net of Reclassification Adjustment		4,152,651	0	0	0	4,152,651	0
Interest Rate Swaps		-377,795	0	0	0	-377,795	0
Balance at Dec. 31, 2012		174,985,248	1,711,188	91,595,000	76,110,692	6,236,161	-667,793
Balance, (Shares) at Dec. 31, 2012			17,111,882
Common Stock Issued with the DRIP	[1]	35,192,639	365,801	0	34,826,838	0	0
Common Stock Issued with the DRIP, (Shares)	[1]		3,658,010
Common Stock Issued through Restricted Stock Awards		0	0	0	0	0	0
Common Stock Issued through Restricted Stock Awards, (Shares)			0
Common Stock Issued through Stock Options		0	0	0	0	0	0
Common Stock Issued through Stock Options, (Shares)			0
Preferred Stock Issued through Underwritten Public Offering , net		0	0	0	0	0	0
Preferred Stock Issued through Direct Placement, net		0	0	0	0	0	0
Distributions		-21,120,059	0	0	-15,283,236	0	-5,836,823
Stock Compensation Expense		850,349	0	0	850,349	0	0
Net Income		5,836,823	0	0	0	0	5,836,823
Unrealized Net Holding Gain on Securities Available for Sale Net of Reclassification Adjustment		-5,497,218	0	0	0	-5,497,218	0
Interest Rate Swaps		337,955	0	0	0	337,955	0
Balance at Dec. 31, 2013		190,585,737	2,076,989	91,595,000	96,504,643	1,076,898	-667,793
Balance, (Shares) at Dec. 31, 2013			20,769,892
Common Stock Issued with the DRIP	[1]	32,792,239	355,419	0	32,436,820	0	0
Common Stock Issued with the DRIP, (Shares)	[1]		3,554,191
Common Stock Issued through Restricted Stock Awards		0	2,500	0	-2,500	0	0
Common Stock Issued through Restricted Stock Awards, (Shares)			25,000
Common Stock Issued through Stock Options		167,460	2,300	0	165,160	0	0
Common Stock Issued through Stock Options, (Shares)			23,000
Preferred Stock Issued through Underwritten Public Offering , net		0	0	0	0	0	0
Preferred Stock Issued through Direct Placement, net		0	0	0	0	0	0
Distributions		-23,842,416	0	0	-19,604,613	0	-4,237,803
Stock Compensation Expense		922,944	0	0	922,944	0	0
Net Income		4,237,803	0	0	0	0	4,237,803
Unrealized Net Holding Gain on Securities Available for Sale Net of Reclassification Adjustment		3,963,183	0	0	0	3,963,183	0
Interest Rate Swaps		155	0	0	0	155	0
Balance at Dec. 31, 2014		$208,827,105	$2,437,208	$91,595,000	$110,422,454	$5,040,236	($667,793)
Balance, (Shares) at Dec. 31, 2014			24,372,083
[1]	Dividend Reinvestment and Stock Purchase Plan

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$4,237,803	$5,836,823	$6,474,057
Non-cash items included in Net Income:
Depreciation	15,163,420	11,681,724	7,357,158
Amortization of Financing Costs	522,250	462,362	302,280
Stock Compensation Expense	922,944	850,349	573,244
Provision for Uncollectible Notes and Other Receivables	1,020,655	760,570	745,993
Gain on Sale of Securities Transactions, net	-1,542,589	-4,055,812	-4,092,585
(Gain) Loss on Sales of Investment Property & Equipment	-7,313	-18,803	41,481
Changes in Operating Assets and Liabilities:
Inventory of Manufactured Homes	1,479,326	-1,930,961	-1,666,333
Notes and Other Receivables	279,590	-4,066,431	-2,134,003
Prepaid Expenses	553,730	-271,975	-283,268
Accounts Payable	195,580	558,692	381,349
Accrued Liabilities and Deposits	904,960	581,139	985,739
Tenant Security Deposits	596,105	850,411	402,637
Net Cash Provided by Operating Activities	24,326,461	11,238,088	9,087,749
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Manufactured Home Communities, net of mortgages assumed	-15,879,551	-80,574,921	-44,825,340
Purchase of Investment Property and Equipment	-41,858,627	-26,815,409	-16,975,016
Proceeds from Sales of Investment Property and Equipment	768,641	915,113	1,069,516
Additions to Land Development Costs	-268,983	-519,214	-472,845
Purchase of Securities Available for Sale	-9,707,038	-22,352,376	-21,941,884
Proceeds from Sales of Securities Available for Sale	10,911,791	18,981,468	16,159,894
Net Cash Used by Investing Activities	-56,033,767	-110,365,339	-66,985,675
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Mortgages, net of mortgages assumed	0	53,760,000	25,380,000
Net Proceeds from Short-Term Borrowings	28,320,234	38,677,391	0
Principal Payments of Mortgages and Loans	-4,639,539	-9,686,487	-23,073,544
Financing Costs on Debt	-623,023	-1,116,914	-456,615
Proceeds from Issuance of Common Stock, net of reinvestments	30,933,748	33,330,652	16,667,139
Proceeds from Issuance of Preferred Stock, net of offering costs	0	0	56,996,101
Proceeds from Exercise of Stock Options	167,460	0	30,240
Preferred Dividends Paid	-7,556,588	-7,556,588	-5,068,697
Common Dividends Paid, net of Reinvestments	-14,427,337	-11,701,484	-10,338,897
Net Cash Provided by Financing Activities	32,174,955	95,706,570	60,135,727
Net Increase (Decrease) In Cash and Cash Equivalents	467,649	-3,420,681	2,237,801
Cash and Cash Equivalents at Beginning of Year	7,615,143	11,035,824	8,798,023
CASH AND CASH EQUIVALENTS AT END OF YEAR	$8,082,792	$7,615,143	$11,035,824

Organization

Organization	12 Months Ended
	Dec. 31, 2014
Organization [Abstract]
ORGANIZATION	NOTE 1 – ORGANIZATION
	UMH Properties, Inc., a Maryland corporation, and its subsidiaries (the Company) operates as a real estate investment trust (REIT) deriving its income primarily from real estate rental operations. The Company, through its wholly-owned taxable subsidiary, UMH Sales and Finance, Inc. (S&F), sells manufactured home in its communities. Inherent in the operations of manufactured home communities are site vacancies. S&F was established to fill these vacancies and potentially enhance the value of the communities. The Company also owns a portfolio of REIT securities which the Company generally limits to no more than approximately 15% of its undepreciated assets. Management views the Company as a single segment based on its method of internal reporting in addition to its allocation of capital and resources.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Description of the Business
	As of December 31, 2014, the Company owns and operates eighty-eight manufactured home communities containing approximately 15,000 developed sites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan.
	These manufactured home communities are listed by trade names as follows:
	MANUFACTURED HOME COMMUNITY	LOCATION
	Allentown	Memphis, Tennessee
	Auburn Estates	Orrville, Ohio
	Birchwood Farms	Birch Run, Michigan
	Broadmore Estates	Goshen, Indiana
	Brookside Village	Berwick, Pennsylvania
	Brookview Village	Greenfield Center, New York
	Carsons	Chambersburg, Pennsylvania
	Cedarcrest	Vineland, New Jersey
	Chambersburg I & II	Chambersburg, Pennsylvania
	Chelsea	Sayre, Pennsylvania
	City View	Lewistown, Pennsylvania
	Clinton Mobile Home Resort	Tiffin, Ohio
	Collingwood	Horseheads, New York
	Colonial Heights	Wintersville, Ohio
	Countryside Estates	Muncie, Indiana
	Countryside Estates	Ravenna, Ohio
	Countryside Village	Columbia, Tennessee
	Cranberry Village	Cranberry Township, Pennsylvania
	Crestview	Sayre, Pennsylvania
	Cross Keys Village	Duncansville, Pennsylvania
	Dallas Mobile Home Community	Toronto, Ohio
	Deer Meadows	New Springfield, Ohio
	D & R Village	Clifton Park, New York
	Evergreen Estates	Lodi, Ohio
	Evergreen Manor	Bedford, Ohio
	Evergreen Village	Mantua, Ohio
	MANUFACTURED HOME COMMUNITY	LOCATION
	Fairview Manor	Millville, New Jersey
	Forest Creek	Elkhart, Indiana
	Forest Park Village	Cranberry Township, Pennsylvania
	Frieden Manor	Schuylkill Haven, Pennsylvania
	Green Acres	Chambersburg, Pennsylvania
	Gregory Courts	Honey Brook, Pennsylvania
	Hayden Heights	Dublin, Ohio
	Heather Highlands	Inkerman, Pennsylvania
	Highland	Elkhart, Indiana
	Highland Estates	Kutztown, Pennsylvania
	Hillside Estates	Greensburg, Pennsylvania
	Holiday Mobile Village	Nashville, Tennessee
	Hudson Estates	Peninsula, Ohio
	Independence Park	Clinton. Pennsylvania
	Kinnebrook	Monticello, New York
	Lake Sherman Village	Navarre, Ohio
	Laurel Woods	Cresson, Pennsylvania
	Little Chippewa	Orrville, Ohio
	Maple Manor	Taylor, Pennsylvania
	Meadowood	New Middletown, Ohio
	Melrose Village	Wooster, Ohio
	Melrose West	Wooster, Ohio
	Memphis Mobile City	Memphis, Tennessee
	Monroe Valley	Ephrata, Pennsylvania
	Moosic Heights	Avoca, Pennsylvania
	Mountaintop	Ephrata, Pennsylvania
	Oak Ridge Estates	Elkhart, Indiana
	Oakwood Lake Village	Tunkhannock, Pennsylvania
	Olmsted Falls	Olmsted Falls, Ohio
	Oxford Village	West Grove, Pennsylvania
	Pine Ridge Village/Pine Manor	Carlisle, Pennsylvania
	Pine Valley Estates	Apollo, Pennsylvania
Pleasant View Estates	Bloomsburg, Pennsylvania
Port Royal Village	Belle Vernon, Pennsylvania
River Valley Estates	Marion,  Ohio
Rolling Hills Estates	Carlisle, Pennsylvania
Rostraver Estates	Belle Vernon, Pennsylvania
Sandy Valley Estates	Magnolia, Ohio
Shady Hills	Nashville, Tennessee
Somerset Estates/Whispering Pines	Somerset, Pennsylvania
Southern Terrace	Columbiana, Ohio
Southwind Village	Jackson, New Jersey
Spreading Oaks Village	Athens, Ohio
Suburban Estates	Greensburg, Pennsylvania
Summit Estates	Ravenna, Ohio
Sunny Acres	Somerset, Pennsylvania
Sunnyside	Eagleville, Pennsylvania
Trailmont	Goodlettsville, Tennessee
Twin Oaks I & II	Olmsted Falls, Ohio
Twin Pines	Goshen, Indiana
Valley High	Ruffs Dale, Pennsylvania
Valley Hills	Ravenna, Ohio
Valley View I	Ephrata, Pennsylvania
Valley View II	Ephrata, Pennsylvania
Valley View Danboro	Doylestown, Pennsylvania
MANUFACTURED HOME COMMUNITY	LOCATION
Valley View Honeybrook	Honey Brook, Pennsylvania
Waterfalls Village	Hamburg, New York
Weatherly Estates	Lebanon, Tennessee
Woodland Manor	West Monroe, New York
Woodlawn Village	Eatontown, New Jersey
Wood Valley	Caledonia, Ohio
Youngstown Estates	Youngstown, New York
Basis of Presentation
The Company prepares its financial statements under the accrual basis of accounting, in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). The Company’s subsidiaries are all 100% wholly-owned. The consolidated financial statements of the Company include all of these subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. The Company does not have a majority or minority interest in any other company, either consolidated or unconsolidated.
Use of Estimates
In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, as well as contingent assets and liabilities as of the dates of the consolidated balance sheets and revenue and expenses for the years then ended. These estimates and assumptions include the allowance for doubtful accounts, valuation of inventory, depreciation, valuation of securities, reserves and accruals, and stock compensation expense. Actual results could differ from these estimates and assumptions.
Investment Property and Equipment and Depreciation
Property and equipment are carried at cost. Depreciation for Sites and Building is computed principally on the straight-line method over the estimated useful lives of the assets (ranging from 15 to 27.5 years). Depreciation of Improvements to Sites and Buildings, Rental Homes and Equipment and Vehicles is computed principally on the straight-line method over the estimated useful lives of the assets (ranging from 3 to 27.5 years). Land Development Costs are not depreciated until they are put in use, at which time they are capitalized as Sites and Land Improvements. Interest Expense pertaining to Land Development Costs are capitalized. Maintenance and Repairs are charged to expense as incurred and improvements are capitalized. The costs and related accumulated depreciation of property sold or otherwise disposed of are removed from the financial statement and any gain or loss is reflected in the current year’s results of operations.
The Company applies Financial Accounting Standards Board Accounting Standards Codification (ASC) 360-10, Property, Plant & Equipment (ASC 360-10) to measure impairment in real estate investments. Rental properties are individually evaluated for impairment when conditions exist which may indicate that it is probable that the sum of expected future cash flows (on an undiscounted basis without interest) from a rental property is less than the carrying value under its historical net cost basis. These expected future cash flows consider factors such as future operating income, trends and prospects as well as the effects of leasing demand, competition and other factors. Upon determination that a permanent impairment has occurred, rental properties are reduced to their fair value. For properties to be disposed of, an impairment loss is recognized when the fair value of the property, less the estimated cost to sell, is less than the carrying amount of the property measured at the time there is a commitment to sell the property and/or it is actively being marketed for sale. A property to be disposed of is reported at the lower of its carrying amount or its estimated fair value, less its cost to sell. Subsequent to the date that a property is held for disposition, depreciation expense is not recorded.
The Company conducted a comprehensive review of all real estate asset classes in accordance with ASC 360-10-35-21.  The process entailed the analysis of property for instances where the net book value exceeded the estimated fair value. The Company utilizes the experience and knowledge of its internal valuation team to derive certain assumptions used to determine an operating property’s cash flow. Such assumptions include lease-up rates, rental rates, rental growth rates, and capital expenditures.  The Company reviewed its operating properties in light of the requirements of ASC 360-10 and determined that, as of December 31, 2014, the undiscounted cash flows over the
expected holding period for these properties were in excess of their carrying values and, therefore, no impairment charges were required.
Acquisitions
The Company accounts for acquisitions in accordance with ASC 805, Business Combinations (ASC 805). ASC 805 requires that transaction costs, such as broker fees, transfer taxes, legal, accounting, valuation, and other professional and consulting fees, related to acquisitions be expensed as incurred.
Upon acquisition of a property, the Company allocates the purchase price of the property based upon the fair value of the assets acquired, which generally consist of land, site and land improvements, buildings and improvements and rental homes. The Company generally allocates the purchase price of an acquired property determined by internal evaluation as well as a third-party appraisal of the property obtained in conjunction with the purchase.
Cash and Cash Equivalents
Cash and cash equivalents include all cash and investments with an original maturity of three months or less. The Company maintains its cash in bank accounts in amounts that may exceed federally insured limits.  The Company has not experienced any losses in these accounts in the past. The fair value of cash and cash equivalents approximates their current carrying amounts since all such items are short-term in nature.
Securities Available for Sale
Investments in non-real estate assets consist of marketable securities of other REIT’s, which are composed of common and preferred stock. These securities are all publicly-traded and purchased on the open market, through private transactions or through dividend reinvestment plans. These securities are classified among three categories: held-to-maturity, trading and available-for-sale. As of December 31, 2014 and 2013, the Company’s securities are all classified as available-for-sale and are carried at fair value based upon quoted market prices. Gains or losses on the sale of securities are based on identifiable cost and are accounted for on a trade date basis. Unrealized holding gains and losses are excluded from earnings and reported as a separate component of Shareholders’ Equity until realized. The changes in unrealized net holding gains are reflected as comprehensive income.
The Company individually reviews and evaluates our marketable securities for impairment on a quarterly basis or when events or circumstances occur. The Company considers, among other things, credit aspects of the issuer, amount of decline in fair value over cost and length of time in a continuous loss position. The Company has developed a general policy of evaluating whether an unrealized loss is other than temporary. On a quarterly basis, the Company makes an initial review of every individual security in its portfolio. If the security is impaired, the Company first determines our intent and ability to hold this investment for a period of time sufficient to allow for any anticipated recovery in market value. Next, the Company determines the length of time and the extent of the impairment. Barring other factors, including the downgrading of the security or the cessation of dividends, if the fair value of the security is below cost by less than 20% for less than 6 months and the Company has the intent and ability to hold the security, the security is deemed to not be other than temporarily impaired. Otherwise, the Company reviews additional information to determine whether the impairment is other than temporary. The Company discusses and analyzes any relevant information known about the security, such as:
	a.	Whether the decline is attributable to adverse conditions related to the security or to specific conditions in an industry or in a geographic area.
	b.	Any downgrading of the security by a rating agency.
	c.	Whether the financial condition of the issuer has deteriorated.
	d.	Status of dividends – Whether dividends have been reduced or eliminated, or scheduled interest payments have not been made.
	e.	Analysis of the underlying assets (including NAV analysis) using independent analysis or recent transactions.
The Company normally holds REIT securities long term and has the ability and intent to hold securities to recovery. The Company generally limits its marketable securities investments to no more than approximately 15% of its undepreciated assets. If a decline in fair value is determined to be other than temporary, an impairment charge is recognized in earnings and the cost basis of the individual security is written down to fair value as the new cost basis.
Inventory of Manufactured Homes
Inventory of manufactured homes is valued at the lower of cost or market value and is determined by the specific identification method. All inventory is considered finished goods.
Accounts and Notes Receivables
The Company’s accounts, notes and other receivables are stated at their outstanding balance reduced by an allowance for uncollectible accounts.  The Company evaluates the recoverability of its receivables whenever events occur or there are changes in circumstances such that management believes it is probable that it will be unable to collect all amounts due according to the contractual terms of the notes receivable or lease agreements.  The collectability of notes receivable is measured based on the present value of the expected future cash flow discounted at the notes receivable effective interest rate or the fair value of the collateral if the notes receivable is collateral dependent.  Total notes receivables at December 31, 2014 and 2013 was $20,761,642 and $23,630,159, respectively.  At December 31, 2014 and 2013, the reserves for uncollectible accounts, notes and other receivables were $1,068,465 and $1,097,387, respectively.  For the years ended December 31, 2014, 2013 and 2012, the provisions for uncollectible notes and other receivables were $1,020,655, $760,570 and $745,993, respectively.  Charge-offs and other adjustments related to repossessed homes for the years ended December 31, 2014, 2013 and 2012 amounted to $1,049,577, $601,178 and $620,519, respectively.
The Company’s notes receivable primarily consists of installment loans collateralized by manufactured homes with principal and interest payable monthly. The average interest rate on these loans is approximately 9.5% and the average maturity is approximately 10 years.
Unamortized Financing Costs
Costs incurred in connection with obtaining mortgages and other financings and refinancings are deferred and are amortized on a straight-line basis over the term of the related obligations, which is not materially different than the effective interest method. Unamortized costs are charged to expense upon prepayment of the obligation. As of December 31, 2014 and 2013, accumulated amortization amounted to $1,555,818 and $1,023,893, respectively. The Company estimates that aggregate amortization expense will be approximately $596,000 for 2015, $465,000 for 2016, $281,000 for 2017, $216,000 for 2018 and $205,000 for 2019.
Derivative Instruments and Hedging Activities
In the normal course of business, the Company is exposed to financial market risks, including interest rate risk on our variable rate debt.  We attempt to limit these risks by following established risk management policies, procedures and strategies, including the use of derivative financial instruments.  The Company's primary strategy in entering into derivative contracts is to minimize the variability that changes in interest rates could have on its future cash flows. The Company generally employs derivative instruments that effectively convert a portion of its variable rate debt to fixed rate debt. The Company does not enter into derivative instruments for speculative purposes. The Company had entered into various interest rate swap agreements that had the effect of fixing interest rates relative to specific mortgage loans.
During 2012, the Company entered into two interest rate swap agreements that have the effect of fixing interest rates relative to specific mortgage loans as follows:
Mortgage	Due Date	Mortgage	Effective	Balance
		Interest Rate	Fixed Rate	12/31/14
Allentown/Clinton	2/1/17	LIBOR + 3.25%	4.39%	$10,486,045
Various – 11 properties	8/1/17	LIBOR + 3.00%	3.89%	$12,177,725
The Company's interest rate swap agreements are based upon 30-day LIBOR.  The re-pricing and scheduled maturity dates, payment dates, index and the notional amounts of the interest rate swap agreements coincide with those of the underlying mortgage. The interest rate swap agreements are net settled monthly. The Company has designated these derivatives as cash flow hedges and has recorded the fair value on the balance sheet in accordance with ASC 815, Derivatives and Hedging (See Note 13 for information on the determination of fair value).  The effective portion of the gain or loss on these hedges will be reported as a component of Accumulated Other
Comprehensive Income in our Consolidated Balance Sheets. To the extent that the hedging relationships are not effective or do not qualify as cash flow hedges, the ineffective portion is recorded in interest expense. Hedges that received designated hedge accounting treatment are evaluated for effectiveness at the time that they are designated as well as through the hedging period. As of December 31, 2014, the Company has determined that these interest rate swap agreements are highly effective as cash flow hedges. As a result, the fair value of these derivatives of $(39,685) and $(39,840) as of December 31, 2014 and 2013, respectively, was recorded as a component of Accumulated Other Comprehensive Income, with the corresponding liability included in Accrued Liabilities and Deposits.
Revenue Recognition
The Company derives its income primarily from the rental of manufactured home sites. The Company also owns approximately 2,600 rental units which are rented to residents. Rental and related income is recognized on the accrual basis over the term of the lease, which is typically one year or less.
Sale of manufactured homes is recognized on the full accrual basis when certain criteria are met. These criteria include the following: (a) initial and continuing payment by the buyer must be adequate: (b) the receivable, if any, is not subject to future subordination; (c) the benefits and risks of ownership are substantially transferred to the buyer; and (d) the Company does not have a substantial continued involvement with the home after the sale. Alternatively, when the foregoing criteria are not met, the Company recognizes gains by the installment method. Interest income on loans receivable is not accrued when, in the opinion of management, the collection of such interest appears doubtful.
Net Income (Loss) Per Share
Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding during the period (22,496,103, 18,724,321 and 16,197,339 in 2014, 2013 and 2012, respectively). Diluted net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding plus the weighted-average number of net shares that would be issued upon exercise of stock options pursuant to the treasury stock method (22,539,708, 18,789,662 and 16,260,225 in 2014, 2013 and 2012, respectively) (See Note 6). The common stock equivalent resulting from options in the amount of 43,605, 65,341 and 62,886 for 2014, 2013 and 2012, respectively, are included in the diluted weighted average shares outstanding. As of December 31, 2014, 2013 and 2012, options to purchase 1,125,000, 502,000 and 586,000 shares, respectively, were antidilutive.
Stock Compensation Plan
The Company accounts for awards of stock options and restricted stock in accordance with ASC 718-10, Compensation-Stock Compensation. ASC 718-10 requires that compensation cost for all stock awards be calculated and amortized over the service period (generally equal to the vesting period). The compensation cost for stock option grants is determined using option pricing models, intended to estimate the fair value of the awards at the grant date less estimated forfeitures. The compensation expense for restricted stock is recognized based on the fair value of the restricted stock awards less estimated forfeitures.  The fair value of restricted stock awards is equal to the fair value of the Company’s stock on the grant date. Compensation costs, which is included in General and Administrative Expenses, of $922,944, $850,349 and $573,244 have been recognized in 2014, 2013 and 2012, respectively. During 2014, 2013 and 2012, compensation costs included a one-time charge of $98,000, $142,000, and $123,490, respectively, for stock option grants awarded to one participant who is of retirement age and therefore the entire amount of measured compensation cost has been recognized at grant date. Included in Note 6 to these consolidated financial statements are the assumptions and methodology used to calculate the fair value of stock options and restricted stock awards.
Income Tax
The Company has elected to be taxed as a REIT under the applicable provisions of Sections 856 to 860 of the Internal Revenue Code.  Under such provisions, the Company will not be taxed on that portion of its income which is distributed to shareholders, provided it distributes at least 90% of its taxable income, has at least 75% of its assets in real estate investments and meets certain other requirements for qualification as a REIT.  The Company has and intends to continue to distribute all of its income currently, and therefore no provision has been made for income or excise taxes. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. The Company is also subject to certain state and local income, excise or franchise
taxes. In addition, the Company has a taxable REIT Subsidiaries (TRS) which is subject to federal and state income taxes at regular corporate tax rates (See Note 11).
The Company follows the provisions of ASC Topic 740, Income Taxes, that, among other things, defines a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition.   Based on its evaluation, the Company determined that it has no uncertain tax positions and no unrecognized tax benefits as of December 31, 2014.  The Company records interest and penalties relating to unrecognized tax benefits, if any, as interest expense.  As of December 31, 2014, the tax years 2011 through and including 2014 remain open to examination by the Internal Revenue Service.  There are currently no federal tax examinations in progress.
Comprehensive Income (Loss)
Comprehensive income (loss) is comprised of net income and other comprehensive income (loss). Other comprehensive income (loss) consists of the change in unrealized gains or losses on securities available for sale and the change in the fair value of derivatives.
Reclassifications
Certain amounts in the consolidated financial statements for the prior years have been reclassified to conform to the financial statement presentation for the current year.
Recent Accounting Pronouncements
In April 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. ASU No. 2014-08 changes the definition of a discontinued operation to include only those disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on an entity's operations and financial results. ASU No. 2014-08 is effective prospectively for fiscal years beginning after December 15, 2014, with earlier adoption permitted. The Company has decided to early adopt this standard effective with the interim period beginning January 1, 2014, and it did not have a material impact on our financial position, results of operations or cash flows.
In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” as a new Topic, Accounting Standards Codification ("ASC") Topic 606. The objective of ASU 2014-09 is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most of the existing revenue recognition guidance, including industry-specific guidance. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In applying the new standard, companies will perform a five-step analysis of transactions to determine when and how revenue is recognized. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other topics in the FASB ASC. This ASU is effective for annual reporting periods (including interim periods within those periods) beginning after December 15, 2016 and shall be applied using either a full retrospective or modified retrospective approach. Early adoption is not permitted. The Company is currently evaluating the impact this standard may have on the consolidated financial statements and the method of adoption.
Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying Consolidated Financial Statements.

Investment_Property_and_Equipm

Investment Property and Equipment	12 Months Ended
	Dec. 31, 2014
Investment Property and Equipment [Abstract]
INVESTMENT PROPERTY AND EQUIPMENT	NOTE 3 – INVESTMENT PROPERTY AND EQUIPMENT
	Acquisitions in 2014
	On March 13, 2014, the Company acquired 8 Ohio manufactured home communities for $24,950,000. These 8 all-age communities total 1,018 sites and are situated on approximately 270 acres. The average occupancy for these communities at closing was approximately 70%. The Company assumed mortgages totaling approximately $18,100,000 and used its Unsecured Revolving Credit Facility with Bank of Montreal (“Credit Facility”) to finance this acquisition.
	On July 14, 2014, the Company acquired 4 Pennsylvania manufactured home communities for $12,200,000. These 4 all-age communities are located in the Pittsburgh metropolitan area and contain a total of 336 developed home sites situated on approximately 239 acres. The average occupancy for these communities is 84%. The Company assumed a mortgage loan with a balance of approximately $8.6 million. In addition, the Company used cash received from the additional borrowing from Sun National Bank for the remaining balance of the purchase price.
	On July 28, 2014, the Company acquired 2 Ohio manufactured home communities for $5,400,000. These 2 all age communities contain a total of 258 developed home sites that are situated on 39 acres. The average occupancy for these communities is 91%. The Company took down an additional $5.0 million on its Credit Facility for the acquisition of the two communities.
	Acquisitions in 2013
	On March 1, 2013, the Company acquired 10 manufactured home communities for $67,500,000. These 10 all-age communities total 1,854 sites and are situated on approximately 400 acres. There are five communities located in Indiana, four communities located in Pennsylvania, and one community located in Michigan. The average occupancy for these communities at closing was approximately 85%. The Company obtained a $53,760,000 mortgage loan from JP Morgan Chase Bank, N.A. and paid the balance with cash on hand. The Company also included 3 additional communities in this mortgage.
	On April 2, 2013, the Company acquired Holiday Mobile Village, a 274-site manufactured home community situated on approximately 68 acres, located in Nashville, Tennessee, for a purchase price of $7,250,000. The occupancy for this community at closing was approximately 82%. The Company used its Unsecured Revolving Credit Facility with BMO to finance this acquisition.
	On October 1, 2013, the Company acquired Rolling Hills Estates, a 91-site manufactured home community situated on approximately 32 acres, located in Carlisle, Pennsylvania, for a purchase price of $1,720,000. The occupancy for this community at closing was approximately 91%.
	On November 6, 2013, the Company acquired 5 manufactured home communities, 4 communities located in Ohio and 1 community located in New York for an aggregate purchase price of $11,800,000. These five all-age communities contain a total of 519 developed home sites situated on approximately 200 total acres.  The average occupancy for these communities is approximately 82%.  The Company assumed a $7,700,000 mortgage loan.
	These acquisitions have been accounted for utilizing the acquisition method of accounting in accordance with ASC 805, Business Combinations, and accordingly, the result of the acquired assets are included in the statements of income (loss) from the dates of acquisition. The allocations of the fair value of the assets acquired is subject to further adjustment as final costs and valuations are determined. The following table summarizes the estimated fair value of the assets acquired for the year ended December 31, 2014 and 2013:
			Fair Value at Acquisition Date
			2014 Acquisitions		2013 Acquisitions
	Assets Acquired:
	Land		$4,810,300	$11,430,000
	Depreciable Property		37,674,248	76,781,000
	Other		65,452	59,000
	Total Assets Acquired		$42,550,000	$88,270,000
	See Note 5 for additional information relating to loans and mortgages payable and Note 16 for the Unaudited Pro Forma Financial Information relating to these acquisitions
	Other
	Many oil and gas companies compete for the opportunity to drill for oil and gas. Successful bidders pay an upfront purchase price (“bonus payment”). On May 23, 2012, the Company received a bonus payment of $499,471 at one of its communities, which has been recorded as Other Income. This amount is not refundable and has been earned since the Company has no further obligation relating to it. In addition to this upfront bonus payment, the Company entered into an agreement (“Lease”) whereby the oil and gas company may remove the oil and gas from the property, provided that it pays the Company a 20% fee (“royalty”) based on the amount of the oil and gas removed. The Company has not earned any royalty fees to date. The initial term of the Lease is for five years, with an option to extend for an additional five years under the same terms and conditions as contained in the original lease.
	Accumulated Depreciation
	The following is a summary of accumulated depreciation by major classes of assets:
		31-Dec-14		31-Dec-13
	Site and Land Improvements	$74,129,770		$64,292,239
	Buildings and Improvements	3,583,269		3,036,082
	Rental Homes and Accessories	12,706,873		9,107,422
	Equipment and Vehicles	9,102,268		8,219,274
	Total Accumulated Depreciation	$99,522,180		$84,655,017

Securities_Available_for_Sale

Securities Available for Sale	12 Months Ended
	Dec. 31, 2014
Securities Available For Sale [Abstract]
SECURITIES AVAILABLE FOR SALE	NOTE 4 – SECURITIES AVAILABLE FOR SALE
	The Company’s securities available for sale consist of common and preferred stock of other REITs. The Company does not own more than 10% of the outstanding shares of any of these securities, nor does it have controlling financial interest.
	As of December 31, 2014 and 2013, the Company’s securities are all classified as available-for-sale. See Note 13 for Fair Value Measurements.
	The following is a listing of securities available for sale at December 31, 2014:
				Interest	Number			Market
			Series	Rate	Of Shares		Cost	Value
	Equity Securities:
		Preferred Stock:
		Ashford Hospitality Trust, Inc.	A	8.55%	10,000		$   251,205	$   257,800
		Campus Crest Communities, Inc.	A	8.00%	30,000		751,222	766,500
		CBL & Associates Properties, Inc.	D	7.38%	2,000		50,269	50,400
		CBL & Associates Properties, Inc.	E	6.63%	65,000		1,543,385	1,632,800
		Cedar Realty Trust, Inc.	B	7.25%	50,905		1,215,497	1,337,789
		Chesapeake Lodging Trust	A	7.75%	20,000		500,000	526,000
		Corporate Office Properties Trust	L	7.38%	26,000		650,330	678,080
		CubeSmart	A	7.75%	2,000		52,153	53,952
		Digital Realty Trust, Inc.	F	6.63%	2,000		44,870	51,000
		Dupont Fabros Technology, Inc.	A	7.88%	26,412		657,703	672,336
		Dupont Fabros Technology, Inc.	B	7.63%	10,000		250,000	255,200
		EPR Properties	F	6.63%	20,000		472,680	504,000
		Equity LifeStyle Properties, Inc.	C	6.75%	2,000		46,885	52,400
				Interest	Number			Market
			Series	Rate	Of Shares		Cost	Value
		Glimcher Realty Trust	I	6.88%	39,738		964,267	1,017,690
		Kilroy Realty Corporation	G	6.88%	34,948		844,770	913,436
		Kilroy Realty Corporation	H	6.38%	10,000		235,486	250,000
		Kite Realty Group Trust	A	8.25%	50,000		1,227,138	1,304,000
		LaSalle Hotel Properties	H	7.50%	40,000		982,589	1,050,800
		Pennsylvania Real Estate Investment Trust	A	8.25%	94,000		2,350,885	2,467,500
		Pennsylvania Real Estate Investment Trust	B	7.38%	40,000		1,000,000	1,035,460
		Retail Properties of America, Inc.	A	7.00%	20,000		481,949	524,000
		Stag Industrial, Inc.	B	6.63%	20,100		470,007	516,110
		Summit Hotel Properties, Inc	B	7.88%	20,000		500,000	525,400
		Sun Communities, Inc.	A	7.12%	45,000		1,117,377	1,155,600
		Terreno Realty Corporation	A	7.75%	20,300		507,791	520,898
		Urstadt Biddle Properties, Inc.	F	7.12%	30,421		756,305	798,232
		Urstadt Biddle Properties, Inc.	G	6.75%	5,000		125,000	128,600
		Total Preferred Stock					$18,049,763	$19,045,983
		Common Stock:
		CBL & Associates Properties, Inc			60,000		$  1,108,384	$  1,165,200
		Getty Realty Corporation			130,000		2,457,219	2,367,300
		Gladstone Commercial Corporation			50,000		856,545	858,500
		Government Properties Income Trust			210,000		5,059,017	4,832,100
		Mack-Cali Realty Corporation			85,000		2,017,705	1,620,100
		Monmouth Real Estate Investment Corp. (1)			1,995,809		16,644,510	22,093,602
		Nobility Homes Inc.			20,000		158,200	215,000
		Parkway Properties Inc.			10,000		182,343	183,900
		Select Income REIT			373,473		9,981,576	9,116,476
		Senior Housing Properties Trust			20,000		474,337	442,200
		Urstadt Biddle Properties, Inc.			10,000		193,808	218,800
		Weingarten Realty Investors			40,000		1,292,633	1,396,800
		Total Common Stock					$40,426,277	$44,509,978
		Total Securities Available for Sale					$58,476,040	$63,555,961
	(1) Related entity – See Note 8.
	The following is a listing of securities available for sale at December 31, 2013:
				Interest	Number			Market
			Series	Rate	Of Shares		Cost	Value
	Equity Securities:
		Preferred Stock:
		Alexandria Real Estate Equities Inc.	E	6.45%	2,000		$    45,425	$    42,400
		American Land Lease Inc.	A	7.75%	31,200		275,297	756,600
		Ashford Hospitality Trust, Inc.	A	8.55%	10,000		251,205	252,490
		Campus Crest Communities, Inc.	A	8.00%	30,000		751,222	741,000
		CBL & Associates Properties, Inc.	D	7.38%	2,000		50,269	47,500
	CBL & Associates Properties, Inc.	E	6.63%	65,000		1,543,385	1,381,900
	Cedar Realty Trust, Inc.	B	7.25%	47,355		1,127,208	1,089,157
	Chesapeake Lodging Trust	A	7.75%	20,000		500,000	491,800
	Commonwealth Real Estate Securities	D	6.50%	74,000		1,660,828	1,517,740
	Corporate Office Properties Trust	L	7.38%	26,000		650,330	612,040
	CubeSmart	A	7.75%	2,000		52,153	50,300
	Digital Realty Trust Inc.	E	7.00%	4,000		100,000	86,840
	Digital Realty Trust Inc.	F	6.63%	2,000		44,870	41,160
	Dupont Fabros Technology, Inc.	A	7.88%	26,412		657,703	632,303
	Dupont Fabros Technology, Inc.	B	7.63%	20,000		500,000	455,400
	EPR Properties	F	6.63%	20,000		472,680	423,800
	Equity LifeStyle Properties, Inc.	C	6.75%	2,000		46,885	46,200
	General Growth Properties, Inc.	A	6.38%	10,000		250,000	201,500
	Glimcher Realty Trust	I	6.88%	39,738		964,267	858,341
	iStar Financial, Inc.	D	8.00%	26,600		636,609	635,447
	iStar Financial, Inc.	E	7.88%	38,342		851,903	896,819
	iStar Financial, Inc.	I	7.50%	59,600		1,325,647	1,363,648
	Kilroy Realty Corporation	G	6.88%	34,948		844,770	766,410
	Kilroy Realty Corporation	H	6.38%	10,000		235,486	205,700
	Kimco Realty Corporation	I	6.00%	2,000		43,026	41,740
	Kite Realty Group Trust	A	8.25%	50,000		1,227,138	1,262,500
	LaSalle Hotel Properties	H	7.50%	40,000		982,589	986,000
	LaSalle Hotel Properties	I	6.38%	6,000		124,984	121,080
	Lexington Realty Trust	C	6.50%	6,000		247,860	264,900
	Pebblebrook Hotel Trust	C	6.50%	19,000		400,742	387,062
	Pennsylvania Real Estate Investment Trust	A	8.25%	94,000		2,350,885	2,364,852
	Pennsylvania Real Estate Investment Trust	B	7.38%	40,000		1,000,000	949,200
	Retail Properties of America, Inc.	A	7.00%	20,000		481,949	421,600
	SL Green Realty Corporation	I	6.50%	20,000		460,169	426,200
	Stag Industrial, Inc.	A	9.00%	9,000		224,885	239,040
	Stag Industrial, Inc.	B	6.63%	20,100		470,007	418,683
	Summit Hotel Properties, Inc	B	7.88%	20,000		500,000	477,002
	Sun Communities, Inc.	A	7.12%	45,000		1,117,377	1,059,750
	Taubman Centers, Inc.	K	6.25%	11,000		228,009	218,932
	Terreno Realty Corporation	A	7.75%	20,300		507,791	497,350
	Urstadt Biddle Properties, Inc.	F	7.12%	30,421		756,305	700,596
	Vornado Realty Trust	D	7.88%	4,000		96,114	103,960
	Total Preferred Stock					$25,057,972	$24,536,942
	Common Stock:
	Getty Realty Corporation			100,000		$ 1,886,332	$ 1,837,000
	Gladstone Commercial Corporation			60,000		1,031,950	1,078,200
	Government Properties Income Trust			110,000		2,664,307	2,733,500
			Interest	Number			Market
		Series	Rate	Of Shares		Cost	Value
	Mack-Cali Realty Corporation			75,000		1,824,903	1,611,000
	Monmouth Real Estate Investment Corp. (1)			1,875,147		15,491,475	17,045,082
	Nobility Homes Inc.			20,000		158,200	180,200
	Parkway Properties Inc.			10,000		134,799	192,900
	Select Income REIT			340,973		8,976,023	9,117,618
	Urstadt Biddle Properties, Inc.			50,000		912,243	922,500
	Total Common Stock					$33,080,232	$34,718,000
	Total Securities Available for Sale					$58,138,204	$59,254,942
(1) Related entity – See Note 8.
As of December 31, 2014, the Company held five securities that the Company determined were temporarily impaired investments. The Company considers many factors in determining whether a security is other than temporarily impaired, including the nature of the security and the cause, severity and duration of the impairment. The following is a summary of temporarily impaired securities at December 31, 2014:
	Less than 12 Months				12 Months or Longer
	Fair Value		Unrealized Loss			Fair Value	Unrealized Loss
Preferred Stock	$ -0-		$ -0-			$ -0-	$ -0-
Common Stock	16,758,076		-1,214,073			1,620,100	-397,605
Total	$16,758,076		($1,214,073)			$1,620,100	($397,605)
The following is a summary of the range of the losses:
Number of
Individual Securities
		Fair Value		Unrealized Loss		Range of Loss
4		$16,758,076		($1,214,073)		Less than or equal to 10%
1		1,620,100		-397,605		Less than or equal to 20%
5		$18,378,176		($1,611,678)
The Company normally holds REIT securities long term and has the ability and intent to hold securities to recovery. As of December 31, 2014, 2013 and 2012, the securities portfolio had net unrealized holding gains of $5,079,921, $1,116,738 and $6,613,956, respectively.
During the years ended December 31, 2014, 2013 and 2012, the Company received proceeds of $10,911,791, $18,981,468 and $16,159,984, on sales or redemptions of securities available for sale, respectively. The Company recorded the following Gain (Loss) on Sale of Securities Transactions, net:
	2014		2013		2012
Gross realized gains	$1,555,656		$4,284,934		$4,092,585
Gross realized losses	-13,067		-229,122		-0-
Gains on Sale of Securities Transactions, net	$1,542,589		$4,055,812		$4,092,585
The Company had margin loan balances of $19,392,382 and $18,574,228 at December 31, 2014 and 2013, respectively, which were collateralized by the Company’s securities portfolio.

Loans_and_Mortgages_Payable

Loans and Mortgages Payable	12 Months Ended
	Dec. 31, 2014
Loans and Mortgages Payable [Abstract]
LOANS AND MORTGAGES PAYABLE	NOTE 5 – LOANS AND MORTGAGES PAYABLE
	Loans Payable
	The Company may purchase securities on margin. The interest rates charged on the margin loans at December 31, 2014 and 2013 was 2%. These margin loans are due on demand. At December 31, 2014 and 2013, respectively, the margin loans amounted to $19,392,382 and $18,574,228, respectively, and are collateralized by the Company’s securities portfolio. The Company must maintain a coverage ratio of approximately 2 times.
	The Company has revolving credit agreements totaling $18,500,000 with GE Commercial Distribution Finance Corporation (GE), Customers Bank, Northpoint Commercial Finance and 21st Mortgage Corporation to finance inventory purchases. Interest rates on these agreements range from prime with a minimum of 6% to prime plus 2% with a minimum of 8% after 18 months. As of December 31, 2014 and 2013, the total amount outstanding on these lines was $8,323,300 and $5,624,509, respectively, with a weighted average interest rate of 6.62% and 6.03%, respectively.
	The Company had a revolving line of credit with Sun National Bank secured by the Company's eligible notes receivables. As of December 31, 2013, the amount outstanding on this revolving line of credit was $4,920,199, and the interest rate was 3.67%. During 2014, the Company borrowed an additional $5.0 million on this revolving line of credit with Sun National Bank for the acquisition of the four manufactured home communities located in Pennsylvania. On September 29, 2014, the Company entered into a new revolving line of credit with OceanFirst Bank (“OceanFirst Line”) secured by the Company’s eligible notes receivable. The maximum availability on this line is $10.0 million. Interest is at a variable rate of prime plus 50 basis points (0.5%) and matures on June 1, 2017. This line replaces the revolving line of credit with Sun National Bank, which was fully repaid with proceeds from the OceanFirst Line. As of December 31, 2014, the amount outstanding on this revolving line of credit was $10,000,000, and the interest rate was 3.75%.
	On October 6, 2014, the Company entered into an agreement with 21st Mortgage Corporation (21st Mortgage) under which 21st Mortgage will finance the Company’s purchase of a maximum of 500 rental units. These loans are at an interest rate of 6.99%, with an origination fee of 2% on new units and 3% on existing units. These loans will have a 10 year term from the date of the borrowing. The amount outstanding on this loan was $723,548, as of December 31, 2014.
	On October 30, 2014, the Company obtained a $4,000,000 loan from Two River Community Bank, secured by 1,000,000 shares of MREIC common stock. This loan is at an interest rate of 4.625%, with interest only payments through October 2017, and matures on October 30, 2019.
	Unsecured Lines of Credit
	On March 29, 2013, the Company entered into a $35 million Unsecured Revolving Credit Facility with Bank of Montreal (“Credit Facility”). The Company has the ability to increase the borrowing capacity by an amount not to exceed $15 million, representing a maximum aggregate borrowing capacity of $50 million, subject to various conditions, as defined in the agreement. The maturity date of the Credit Facility is March 29, 2016 with a one year extension available at the Company’s option. Borrowings under the Credit Facility can be used for, among other things, acquisitions, working capital, capital expenditures, and repayment of other indebtedness. Borrowings will bear interest at the Company’s option of LIBOR plus 2.00% to 2.75% or BMO’s prime lending rate plus 1.00% to 1.75%, based on the Company’s overall leverage. Based on leverage ratios, interest on this borrowing is at LIBOR plus 275 basis points or 2.91% as of December 31, 2014, and LIBOR plus 225 basis points or 2.42% as of December 31, 2013. The Company incurs a fee on the unused commitment amount of up to 0.35% per annum. The Credit Facility replaces the Company’s former $5.0 million unsecured line of credit, which was at an interest rate of LIBOR plus 375 basis points. As of December 31, 2014, the amount outstanding on the Credit Facility was $35,000,000.
	The aggregate principal payments of all loans payable, including the Credit Facility, are scheduled as follows:
	Year Ended December 31,
	2015	$     8,375,131
	2016	35,055,572
	2017	10,059,584
	2018	63,885
	2019	4,068,496
	Thereafter	19,816,562
	Total	$77,439,230
	Mortgages Payable
	The following is a summary of mortgages payable:
		At December 31, 2014		Balance at December 31,
	Property	Due Date	Interest Rate	2014	2013
	Allentown and Clinton Mobile Home Resort	2/1/17	LIBOR + 3.25%	$10,486,045	$10,799,401
	Cedarcrest	4/1/21	5.13%	8,966,785	9,124,838
	D & R Village and Waterfalls Village	2/27/15	LIBOR + 2.25%	6,803,625	7,089,610
	Fairview Manor	2/1/17	5.79%	10,139,450	10,345,239
	Heather Highlands	8/28/18	Prime + 1.0%	989,773	1,288,149
	Highland Estates	9/1/17	6.18%	9,408,128	9,578,574
	Oxford Village	1/1/20	5.94%	7,350,261	7,527,426
	Somerset Estates and Whispering Pines	2/26/19	4.89%	731,900	891,382
	Southwind Village	1/1/20	5.94%	5,871,176	6,012,690
	Suburban Estates and Sunny Acres	6/1/18	4.00%	6,417,395	6,711,306
	Summit Estates	5/1/16	12.75%	575,021	-0-
	Twin Oaks	12/1/19	5.75%	2,637,078	2,702,771
	Various (3 properties)	5/1/16	6.23%	8,221,043	-0-
	Various (4 properties)	7/1/23	4.98%	8,495,880	-0-
	Various (5 properties)	1/1/22	4.25%	14,679,583	14,964,116
	Various (5 properties)	12/6/22	4.75%	7,554,281	7,675,595
	Various (5 properties)	2/1/18	6.83%	9,083,178	-0-
	Various (11 properties)	8/1/17	LIBOR + 3.0%	12,177,725	12,909,520
	Various (13 properties)	3/1/23	4.06%	52,082,527	53,019,327
	Total Mortgages	Payable		$182,670,854	$160,639,944
	At December 31, 2014 and 2013, mortgages were collateralized by real property with a carrying value of $294,759,460 and $235,685,401, respectively, before accumulated depreciation and amortization. Interest costs amounting to $280,354, $247,186 and $269,891 were capitalized during 2014, 2013 and 2012, respectively, in connection with the Company’s expansion program.
	On February 27, 2015, the Company refinanced the D&R Village and Waterfalls Village mortgage (See Note 15). On March 6, 2015, the Company obtained a mortgage on Olmsted Falls (See Note 15).
	Recent Transactions
	2014
	On March 13, 2014, the Company assumed approximately $18.1 million in mortgage loans on its 8 community acquisition. The weighted average interest rate on these mortgages is fixed at 6.74%. Approximately $8.9 million matures on May 1, 2016 and the remaining balance matures on February 1, 2018. In addition, the Company borrowed $10.0 million on its Credit Facility to finance this acquisition.
	On July 14, 2014, the Company assumed an $8.6 million mortgage loan on its 4 community acquisition. The interest rate on this mortgage is fixed at 4.975%. This mortgage matures on July 1, 2023.
	2013
	On February 27, 2013, the Company had one mortgage loan due for D&R Village and Waterfalls Village with a balance of approximately $7,400,000.  Under the terms of the loan agreement, this loan may be extended for an additional two years.  Management has extended this loan to February 27, 2015.  Interest during the extension period is at LIBOR plus 225 basis points which was 2.41% as of both December 31, 2014 and 2013.
	On March 1, 2013, the Company obtained a $53,760,000 mortgage loan from JP Morgan Chase Bank, N.A. on its 10 community acquisition. The Company also included 3 additional communities in this mortgage. Interest on the mortgage loan is fixed at 4.065%. This mortgage loan matures on March 1, 2023.
	On April 3, 2013, the Company repaid its mortgages on Cranberry Village and Forest Park Village for a total amount of approximately $5,700,000. The interest rate on these mortgages was 6.8%.
	In June 2013, the Company modified its mortgage on Sunny Acres and Suburban Estates. The interest rate was reduced from a fixed rate of 6.5% to a fixed rate of 4.0%. The maturity date was accelerated from June 1, 2020 to June 1, 2018.
	On November 6, 2013, the Company assumed a $7,700,000 mortgage on the acquisition of five manufactured home communities. This mortgage is at a fixed interest rate of 4.75% and matures on December 6, 2022.
	The aggregate principal payments of all mortgages payable are scheduled as follows:
	Year Ended December 31,
	2015	$     11,476,760
	2016	13,294,102
	2017	42,609,986
	2018	16,524,653
	2019	16,061,179
	Thereafter	82,704,174
	Total	$182,670,854

Stock_Compensation_Plan

Stock Compensation Plan	12 Months Ended
	Dec. 31, 2014
Stock Compensation Plan [Abstract]
STOCK COMPENSATION PLAN	NOTE 6 – STOCK COMPENSATION PLAN
	On August 14, 2003, the shareholders approved and ratified the Company’s 2003 Stock Option Plan (the 2003 Plan) authorizing the grant to officers and key employees of options to purchase up to 1,500,000 shares of common stock. On June 7, 2010, the shareholders approved and ratified an amendment and restatement of the Plan. The amendment and restatement made two substantive changes: (1) the inclusion of Directors as participants in the Plan, and (2) the ability to grant restricted stock to Directors, officers and key employees. The amendment and restatement also made other conforming, technical and other minor changes. The amendment also makes certain modifications and clarifications, including concerning administration and compliance with applicable tax rules, such as Section 162(m) of the Internal Revenue Code. There was no change to the total number of shares subject to grant under the Plan.
	On June 13, 2013, the shareholders approved and ratified the Company's 2013 Stock Option and Stock Award Plan (the 2013 Plan) authorizing the grant of stock options or restricted stock awards to directors, officers and key employees of options to purchase up to 3,000,000 shares of common stock. All options are exercisable one year from the date of grant. The option price shall not be below the fair market value at date of grant. If and to the extent that an award made under the 2013 Plan is forfeited, terminated, expires or is canceled unexercised, the number of shares associated with the forfeited, terminated, expired or canceled portion of the award shall again become available for additional awards under the 2013 Plan.  The 2013 Plan replaced the Company's 2003 Plan, which, pursuant to its terms, terminated in 2013. The outstanding options under the 2003 Stock Option and Award Plan, as amended, remain outstanding until exercised, forfeited or expired. Not more than 200,000 shares of the Company’s common stock may be granted as options in any one fiscal year to a participant under the 2013 Plan. In general, each option may be exercised only after one year of continued service with the Company.
	The Compensation Committee determines the recipients of restricted stock awards; the number of restricted shares to be awarded; the length of the restricted period of the award; the restrictions applicable to the award including,
	without limitation, the employment or retirement status of the participant; rules governing forfeiture and restrictions applicable to any sale, assignment, transfer, pledge or other encumbrance of the restricted stock during the restricted period; and the eligibility to share in dividends and other distributions paid to the Company’s stockholders during the restricted period. The maximum number of shares underlying restricted stock awards that may be granted in any one fiscal year to a participant shall be 100,000 shares.
	Unless otherwise provided for in an underlying restricted stock award agreement, if a participant’s status as an employee or director of the Company is terminated by reason of death or disability, the restrictions will lapse on such date.  Unless otherwise provided for in an underlying restricted stock award agreement, the Plan provides that if an individual’s status as an employee or director is terminated by reason of retirement following an involuntary termination (other than for “cause” as defined in the 2013 Plan), the restrictions will generally lapse, unless the restricted stock award is intended to constitute “performance based” compensation for purposes of Section 162(m) of the Internal Revenue Code. If a participant’s status as an employee or director terminates for any other reason, the Plan provides that a participant will generally forfeit any outstanding restricted stock awards, unless otherwise indicated in the applicable award agreement.  Shares of restricted stock that are forfeited become available again for issuance under the 2013 Plan.  The Compensation Committee has the authority to accelerate the time at which the restrictions may lapse whenever it considers that such action is in the best interests of the Company and of its stockholders, whether by reason of changes in tax laws, a “change in control” as defined in the 2013 Plan or otherwise.
	The Company accounts for stock options and restricted stock in accordance with ASC 718-10, Compensation-Stock Compensation. ASC 718-10 requires that compensation cost for all stock awards be calculated and amortized over the service period (generally equal to the vesting period).
	Stock Options
	During the year ended December 31, 2014, twenty-five employees were granted options to purchase a total of 339,000 shares. During the year ended December 31, 2013, twenty-four employees were granted options to purchase a total of 392,000 shares. During the year ended December 31, 2012, fifteen employees were granted options to purchase a total of 94,000 shares. The fair value of these options for the years ended December 31, 2014, 2013 and 2012 was approximately $332,000, $556,000 and $87,000, respectively, based on assumptions noted below and is being amortized over the 1-year vesting period. The remaining unamortized stock option expense was $97,594 as of December 31, 2014, and that amount will be expensed in 2015.
	The Company calculates the fair value of each option grant on the grant date using the Black-Scholes option-pricing model which requires the Company to provide certain inputs, as follows:
		•	The assumed dividend yield is based on the Company’s expectation of an annual dividend rate for regular dividends over the estimated life of the option.
		•	Expected volatility is based on the historical volatility of the Company’s stock over a period relevant to the related stock option grant.
		•	The risk-free interest rate utilized is the interest rate on U.S. Government Bonds and Notes having the same life as the estimated life of the Company’s option awards.
		•	Expected life of the options granted is estimated based on historical data reflecting actual hold periods.
		•	Estimated forfeiture is based on historical data reflecting actual forfeitures.
	The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions used for grants in the following years:
			2014		2013		2012
		Dividend yield	7.14%		6.67%		7.08%
		Expected volatility	27.12%		32.37%		26.19%
		Risk-free interest rate	2.23%		1.96%		1.11%
		Expected lives	8		8		8
		Estimated forfeitures	-0-		-0-		-0-
	During the year ended December 31, 2014, options to two employees to purchase a total of 23,000 shares were exercised. During the year ended December 31, 2013, no options were exercised. During the year ended December 31, 2012, options to one employee to purchase a total of 4,000 shares were exercised. During the year ended December 31, 2014, options to eleven employees to purchase a total of 108,000 shares expired. During the year ended December 31, 2013, options to ten employees to purchase a total of 84,000 shares expired. During the year ended December 31, 2012, options to eight employees to purchase a total of 55,000 shares expired.
	A summary of the status of the Company’s stock option plans as of December 31, 2014, 2013 and 2012 and changes during the years then ended are as follows:
		2014			2013			2012
			Weighted-			Weighted-			Weighted-
			Average			Average			Average
			Exercise			Exercise			Exercise
		Shares	Price		Shares	Price		Shares	Price
	Outstanding at
	beginning of year	1,093,000	$10.86		785,000	$11.71		750,000	$12.03
	Granted	339,000	9.85		392,000	10.08		94,000	11.29
	Exercised	-23,000	7.28		-0-	-0-		-4,000	7.56
	Expired	(108,000)	14.52		(84,000)	15.51		(55,000)	15.58
	Outstanding at end of
	year	1,301,000	10.34		1,093,000	10.86		785,000	11.71
	Options exercisable at
	end of year	962,000			701,000			691,000
	Weighted-average fair
	value of options
	granted during the year		$0.98			$1.42			$0.92
	The following is a summary of stock options outstanding as of December 31, 2014:
		Number of Employees	Number of Shares			Expiration Date
	Date of Grant				Option Price
	1/3/07	1	44,200		15.51	1/3/15
	1/3/07	1	5,800		17.06	1/3/15
	7/16/07	12	51,000		14.21	7/16/15
	9/20/07	2	7,000		13.19	9/20/15
	1/8/08	1	42,300		11.79	1/8/16
	1/8/08	1	7,700		12.97	1/8/16
	9/25/08	11	33,000		7.55	9/25/16
	1/7/09	1	14,000		7.12	1/7/17
	1/7/09	1	61,000		6.47	1/7/17
	6/22/09	12	43,000		7.57	6/22/17
	1/8/10	1	10,900		9.13	1/8/18
	1/8/10	1	14,100		8.3	1/8/18
	7/27/10	12	80,000		11.4	7/27/18
	7/5/11	11	74,000		11.16	7/5/19
	8/29/12	14	88,000		11.29	8/29/20
	2/28/13	1	10,000		10.02	2/28/21
	6/26/13	23	376,000		10.08	6/26/21
	6/11/14	25	339,000	*	9.85	6/11/22
			1,301,000
	* Unexercisable
The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock for the options that were in-the-money. The aggregate intrinsic value of options outstanding as of December 31, 2014, 2013 and 2012 was $395,243, $421,563 and $602,653, respectively, of which $395,243, $421,563 and $602,653 relate to options exercisable. The intrinsic value of options exercised in 2014, 2013 and 2012 was $57,250, $-0- and $18,000, respectively, determined as of the date of option exercise. The weighted-average remaining contractual term of the above options was 4.3, 4.8 and 3.9 years as of December 31, 2014, 2013 and 2012, respectively. For the years ended December 31, 2014, 2013 and 2012, amounts charged to stock compensation expense relating to stock option grants, which is included in General and Administrative Expenses, totaled $437,063, $411,017 and $69,253, respectively.
Restricted Stock
On January 15, 2014, the Company awarded 25,000 shares of restricted stock to one participant. During 2013, the Company did not award any restricted stock grants. During 2012, the Company awarded 75,000 shares of restricted stock to nine participants. The grant date fair value of restricted stock grants awarded to participants was $232,750, $-0- and $803,700 for the years ended December 31, 2014, 2013 and 2012, respectively. These grants vest in equal installments over five years. As of December 31, 2014, there remained a total of $845,429 of unrecognized restricted stock compensation related to outstanding non-vested restricted stock grants awarded and outstanding at that date.  Restricted stock compensation is expected to be expensed over a remaining weighted average period of 2.3 years.  For the years ended December 31, 2014, 2013 and 2012, amounts charged to stock compensation expense related to restricted stock grants, which is included in General and Administrative Expenses, totaled $485,881, $439,332 and $503,991, respectively. During 2012, compensation costs included a one-time charge of $123,490 for restricted stock grants awarded to one participant who is of retirement age and therefore the entire amount of measured compensation cost has been recognized at grant date.
A summary of the status of the Company’s non-vested restricted stock awards as of December 31, 2014, 2013 and 2012, and changes during the year ended December 31, 2014, 2013 and 2012 are presented below:
	2014		2013		2012
		Weighted-		Weighted-		Weighted-
		Average		Average		Average
		Grant Date		Grant Date		Grant Date
	Shares	Fair Value	Shares	Fair Value	Shares	Fair Value
Non-vested at
beginning of year	152,292	$10.77	187,470	$10.90	130,974	$11.14
Granted	25,000	9.31	-0-	-0-	75,000	10.72
Dividend Reinvested Shares	12,194	9.22	12,992	9.33	11,470	9.9
Vested	-52,140	-10.77	-48,170	-10.9	-29,974	-11.1
	137,346	$10.37	152,292	$10.77	187,470	$10.90
Non-vested at end of year
As of December 31, 2014, there were 2,260,000 shares available for grant as stock options or restricted stock under the 2013 Plan.

401k_Plan

401(k) Plan	12 Months Ended
	Dec. 31, 2014
Four Zero One K Plan [Abstract]
401(k) PLAN	NOTE 7 – 401(k) PLAN
	All full-time employees who are over 21 years old are eligible for the Company’s 401(k) Plan (Plan). Under this Plan, an employee may elect to defer his/her compensation, subject to certain maximum amounts, and have it contributed to the Plan. Employer contributions to the Plan are at the discretion of the Company. During 2014, 2013 and 2012, the Company made matching contributions to the Plan of up to 100% of the first 3% of employee salary and 50% of the next 2% of employee salary. The total expense relating to the Plan, including matching contributions amounted to $226,953, $162,304 and $126,224 in 2014, 2013 and 2012, respectively.

Related_Party_Transactions_and

Related Party Transactions and Other Matters	12 Months Ended
	Dec. 31, 2014
Related Party Transactions and Other Matters [Abstract]
RELATED PARTY TRANSACTIONS AND OTHER MATTERS	NOTE 8 – RELATED PARTY TRANSACTIONS AND OTHER MATTERS
	Transactions with Monmouth Real Estate Investment Corporation
	There are six Directors of the Company who are also Directors and shareholders of Monmouth Real Estate Investment Corporation (MREIC). The Company holds common stock of MREIC in its securities portfolio. As of December 31, 2014, the Company owns a total of 1,995,809 shares of MREIC common stock, representing 3.5% of the total shares outstanding at December 31, 2014 (See Note 4). The Company shares 1 officer (Chairman of the Board) and 2 additional employees (Controller and Director of Investor Relations) with MREIC. Effective January 1, 2015, the Company reduced this number to 1 officer (Chairman of the Board) and 1 additional employee (Director of Investor Relations). Allocations of salaries and benefits are based on the amount of the employees’ time dedicated to each company. Some general and administrative expenses, including office rent, are allocated between the Company and MREIC based on use or services provided. Effective January 2015, MREIC obtained a separate lease and office rent is no longer allocated between the Company and MREIC.
	Employment Agreements and Compensation
	The Company has an Employment Agreement with Mr. Eugene W. Landy, Chairman of the Board. Under this agreement, prior to January 1, 2004, Mr. Landy received an annual base compensation of $150,000 (as amended) plus bonuses and customary fringe benefits, including health insurance, participation in the Company’s 401(k) Plan, stock options, five weeks’ vacation and use of an automobile. Additionally, there may be bonuses voted by the Board of Directors. The Employment Agreement is terminable by either party at any time subject to certain notice requirements. On severance of employment by the Company, Mr. Landy will receive severance of $450,000, payable $150,000 on severance and $150,000 on the first and second anniversaries of severance. In the event of disability, Mr. Landy’s compensation will continue for a period of three years, payable monthly. On retirement, Mr. Landy will receive a pension of $50,000 a year for ten years, payable in monthly installments. In the event of death, Mr. Landy’s designated beneficiary will receive $450,000, $100,000 thirty days after death and the balance one year after death. The Employment Agreement automatically renews each year for successive one-year periods. Effective January 1, 2004, this agreement was amended to increase Mr. Landy's annual base compensation to $175,000. Additionally, Mr. Landy's pension benefit of $50,000 per year has been extended for an additional three years. On April 14, 2008, the Company executed a Second Amendment to the Employment Agreement with Mr. Landy (the second
	amendment).  The second amendment provides that in the event of a change in control, Eugene W. Landy shall receive a lump sum payment of $1,200,000, provided the sale price of the Company is at least $16 per share of common stock. A change of control shall be defined as the consummation of a reorganization, merger, share exchange, consolidation, or sale or disposition of all or substantially all of the assets of the Company. This change of control provision shall not apply to any combination between the Company and MREIC. Payment shall be made simultaneously with the closing of the transaction, and only in the event that the transaction closes. During 2011, Mr. Landy was also awarded an Outstanding Leadership Achievement Award in the amount of $250,000 per year for three years. During 2013, the Board of Directors extended Mr. Landy’s pension benefit for an additional three years, through 2016. Effective October 1, 2014, the Company amended the employment agreement with Mr. Landy, increasing his base salary to $250,000.
	Effective January 1, 2012, the Company and Samuel A. Landy entered into a three-year Employment Agreement under which Mr. Samuel Landy receives an annual base salary of $378,000 for 2012, $396,900 for 2013 and $416,745 for 2014, subject to increases in Funds from Operations (FFO) of 3% per year or 9% over the three-year period. If this increase is not met, the salary increase will be limited to the increase in the consumer price index. Bonuses are based on performance goals relating to FFO, home sales, occupancy and acquisitions, with a maximum of 21% of salary.  Mr. Samuel Landy received a restricted stock grant of 25,000 shares in 2012. In each subsequent calendar year of employment pursuant to the Agreement, restricted stock shall be awarded to Mr. Samuel Landy at the discretion of the Compensation Committee of the Board of Directors. Mr. Samuel Landy will receive customary fringe benefits, four weeks of vacation, reimbursement of reasonable and necessary business expenses and use of an automobile.  The Company will reimburse Mr. Samuel Landy for the cost of a disability insurance policy.  In the event of a merger, sale or change of voting control of the Company, excluding transactions between the Company and MREIC, Mr. Samuel Landy will have the right to extend and renew this employment agreement so that the expiration date will be three years from the date of merger, sale or change of voting control, or the employee may terminate the employment agreement and be entitled to receive one year’s compensation in accordance with the agreement.  If there is a termination of employment by the Company for any reason, either involuntary or voluntary, including the death of the employee, the employee shall be entitled to the greater of the salary due under the remaining term of the agreement or one year’s compensation at the date of termination, paid monthly over the remaining term or life of the agreement.  Mr. Landy is currently negotiating a new employment agreement.
	Effective January 1, 2012, the Company and Anna T. Chew entered into a new three-year employment agreement, under which Ms. Chew receives an annual base salary of $287,385 for 2012, $301,754 for 2013 and $316,841 for 2014, plus bonuses and customary fringe benefits.  Ms. Chew will also receive four weeks of vacation, reimbursement of reasonable and necessary business expenses and use of an automobile.  The Company will reimburse Ms. Chew for the cost of a disability insurance policy such that, in the event of the employee’s disability for a period of more than 90 days, the employee will receive benefits up to 60% of her then-current salary.  In the event of a merger, sale or change of voting control of the Company, excluding transactions between the Company and MREIC, the employee will have the right to extend and renew this employment agreement so that the expiration date will be three years from the date of merger, sale or change of voting control, or the employee may terminate the employment agreement and be entitled to receive one year’s compensation in accordance with the agreement.  If there is a termination of employment by the Company for any reason, either involuntary or voluntary, including the death of the employee, other than a termination for cause as defined by the agreement, the employee shall be entitled to the greater of the salary due under the remaining term of the agreement or one year’s compensation at the date of termination, paid monthly over the remaining term or life of the agreement.  Ms. Chew is currently negotiating a new employment agreement.
	Other Matters
	The Company has an employment agreement with a certain executive officer, which in addition to base compensation, bonuses and fringe benefits, provides for specified retirement benefits. The Company has accrued these benefits on a present value basis over the terms of the agreements. Amounts accrued under this agreement were $600,000 at both December 31, 2014 and 2013.
	The Company leases its corporate offices where the lessor of the property is owned by certain officers and directors of the Company. The Company is also responsible for its proportionate share of real estate taxes and common area maintenance. On May 1, 2010, the Company renewed this lease for an additional five-year term with monthly lease payments of $13,600 through April 30, 2013 and $14,000 through April 30, 2015. Management believes that the aforesaid rent is no more than what the Company would pay for comparable space elsewhere. Approximately 70% of the monthly lease payment plus its proportionate share of real estate taxes and common area maintenance was
	reimbursed by MREIC through 2014. Effective January 2015, MREIC obtained a separate lease and office rent is no longer allocated between the Company and MREIC.

Shareholders_Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2014
Shareholders' Equity [Abstract]
SHAREHOLDERS' EQUITY	NOTE 9 – SHAREHOLDERS’ EQUITY
	Common Stock
	The Company has a Dividend Reinvestment and Stock Purchase Plan (DRIP), as amended. Under the terms of the DRIP, shareholders who participate may reinvest all or part of their dividends in additional shares of the Company at a discounted price (approximately 95% of market value) directly from the Company, from authorized but unissued shares of the Company common stock. Shareholders may also purchase additional shares at this discounted price by making optional cash payments monthly. Optional cash payments must be not less than $500 per payment nor more than $1,000 unless a request for waiver has been accepted by the Company.
	Amounts received in connection with the DRIP for the years ended December 31, 2014, 2013 and 2012 were as follows:
		2014	2013	2012
	Amounts Received	$34,650,730	$37,054,626	$19,448,937
	Less:  Dividends Reinvested	1,858,491	1,861,987	1,390,899
	Amounts Received, net	$32,792,239	$35,192,639	$18,058,038
	Number of Shares Issued	3,554,191	3,658,010	1,780,043
	Preferred Stock
	As of December 31, 2014, the Company had a total of 3,663,800 shares of Series A Preferred Stock outstanding representing an aggregate liquidation preference of $91,595,000.
	The annual dividend of the Series A Preferred Stock is $2.0625 per share, or 8.25%, of the $25.00 per share liquidation value and is payable quarterly in arrears on March 15, June 15, September 15, and December 15.
	The Series A Preferred Stock, par value $.10, has no maturity and will remain outstanding indefinitely unless redeemed or otherwise repurchased. Except in limited circumstances relating to the Company’s qualification as a REIT, and as described below, the Series B Preferred Stock is not redeemable prior to May 26, 2016. On and after May 26, 2016, the Series A Preferred Stock will be redeemable at the Company’s option for cash, in whole or, from time to time, in part, at a price per share equal to $25.00, plus all accrued and unpaid dividends (whether or not declared) to the date of redemption.
	Upon the occurrence of a Delisting Event or Change of Control, as defined in the Prospectus of the Preferred Offering, each holder of the Series A Preferred Stock will have the right to convert all or part of the shares of the Series A Preferred Stock held, unless the Company elects to redeem the Series A Preferred Stock.
	Holders of the Series A Preferred Stock generally have no voting rights, except if the Company fails to pay dividends for six or more quarterly periods, whether or not consecutive, or with respect to certain specified events.
	Issuer Purchases of Equity Securities
	On January 21, 2015, the Board of Directors reaffirmed its Share Repurchase Program (the repurchase program) that authorizes the Company to purchase up to $10,000,000 in the aggregate of the Company's common stock. The repurchase program was originally created in June 2008 and is intended to be implemented through purchases made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or block trades, or by any combination of such methods, in accordance with applicable insider trading and other securities laws and regulations. The size, scope and timing of any purchases will be based on business, market and other conditions and factors, including price, regulatory and contractual requirements or consents, and capital availability. The repurchase program does not require the Company to acquire any particular amount of common stock, and the program may be suspended, modified or discontinued at any time at the Company's discretion without prior notice. There have been no purchases under the repurchase program to date.

Distributions

Distributions	12 Months Ended
	Dec. 31, 2014
Distributions [Abstract]
DISTRIBUTIONS	NOTE 10 – DISTRIBUTIONS
	Common Stock
	The following cash distributions, including dividends reinvested, were paid to common shareholders during the three years ended December 31, 2014, 2013 and 2012:
			2014				2013			2012
	Quarter Ended	Amount		Per Share		Amount		Per Share	Amount		Per Share
	31-Mar	$3,853,595		$0.18		$3,155,607		$0.18	$2,809,868		$0.18
	30-Jun	3,991,110		0.18		3,294,938		0.18	2,902,806		0.18
	30-Sep	4,125,060		0.18		3,456,304		0.18	2,954,616		0.18
	31-Dec	4,316,063		0.18		3,656,622		0.18	3,062,506		0.18
		$16,285,828		$0.72		$13,563,471		$0.72	$11,729,796		$0.72
	These amounts do not include the discount on shares purchased through the Company’s DRIP.
	On January 21, 2015, the Company declared a cash dividend of $0.18 per share to be paid on March 16, 2015 to common shareholders of record as of the close of business on February 17, 2015.
	Preferred Stock
	The following dividends were paid to preferred shareholders during the year ended December 31, 2014, 2013 and 2012:
	Declaration Date	Record Date	Payment Date	Dividend	Dividend per Share
	1/15/14	2/18/14	3/17/14	$1,889,147	$0.52
	4/1/14	5/15/14	6/16/14	1,889,147	0.515625
	7/1/14	8/15/14	9/15/14	1,889,147	0.515625
	10/1/14	11/17/14	12/15/14	1,889,147	0.515625
				$7,556,588	$2.06
	Declaration Date	Record Date	Payment Date	Dividend	Dividend per Share
	1/16/13	2/15/13	3/15/13	$1,889,147	$0.52
	4/8/13	5/15/13	6/17/13	1,889,147	0.515625
	7/1/13	8/15/13	9/16/13	1,889,147	0.515625
	10/1/13	11/15/13	12/16/13	1,889,147	0.515625
				$7,556,588	$2.06
	Declaration Date	Record Date	Payment Date	Dividend	Dividend per Share
	1/18/12	2/15/12	3/15/12	$690,319	$0.52
	4/17/12	5/15/12	6/15/12	930,716	0.515625
	7/9/12	8/15/12	9/17/12	1,244,616	0.515625
	10/1/12	11/15/12	12/17/12	1,459,458	0.515625
				$4,325,109	$2.06
	On January 21, 2015, the Board of Directors declared a quarterly dividend of $0.515625 per share for the period from December 1, 2014 through February 28, 2015, on the Company's 8.25% Series A Cumulative Redeemable Preferred Stock payable March 16, 2015 to preferred shareholders of record as of the close of business on February 17, 2015. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share.

Federal_Income_Taxes

Federal Income Taxes	12 Months Ended
	Dec. 31, 2014
Federal Income Taxes [Abstract]
FEDERAL INCOME TAXES	NOTE 11 – FEDERAL INCOME TAXES
	Reconciliation Between U.S. GAAP Net Income and Taxable Income
	The following table reconciles U.S. GAAP net income to taxable income for the years ended December 31, 2014, 2013, and 2012:
			2014
			Estimate		2013		2012
			(unaudited)		Actual		Actual
	U.S. GAAP net income	$	4,237,803	$	5,836,823	$	6,474,057
	Add:  U.S. GAAP net loss of taxable REIT subsidiary included above		3,946,571		2,746,526		3,081,837
	U.S. GAAP net income from REIT operations		8,184,374		8,583,349		9,555,894
	Stock compensation expense		922,944		850,349		573,244
	Acquisition costs and other book / tax		-1,238,794		351,413		-344,027
	differences, net
	Taxable income before adjustments		7,868,524		9,785,111		9,785,111
	Less:  Capital gains		-1,514,518		-3,630,548		-4,146,773
	Adjusted taxable income subject to 90% dividend requirement		6,354,006		6,154,563		5,638,338
		$		$		$
	Reconciliation Between Cash Dividends Paid and Dividends Paid Deduction
	The following table reconciles cash dividends paid with the dividends paid deduction for the years ended December 31, 2014, 2013, and 2012:
			2014		2013
			Estimate		Actual		2012
			(unaudited)				Actual
	Cash dividends paid	$	23,842,416	$	21,120,059	$	16,798,495
	Less:  Portion designated as capital gains distributions		-1,514,518		-3,630,548		-4,146,773
	Less: Return of capital		-15,973,892		-11,334,948		-7,013,384
			6,354,006		6,154,563		5,638,338
	Dividends paid deduction	$		$		$
	Characterization of Distributions
	The following table characterizes the distributions paid per common share for the years ended December 31, 2014, 2013, and 2012:
				2014						2013				2012
			Amount			Percent			Amount		Percent		Amount		Percent
	Ordinary income	$	0.01114			1.55%		$	0.12844		17.84%	$	0.07892		10.96%
	Capital gains		0.00265			0.37%			0.05835		8.10%		0.08391		11.65%
	Return of capital		0.70621			98.08%			0.53321		74.06%		0.55717		77.39%
	$	0.72		100%		$	0.72		100%	$	0.72		100%
	For the year ended December 31, 2014, total distributions paid by the Company for preferred stock, amounted to $7,556,588 or $2.0625 per share ($1.66551 taxed as ordinary income and $0.39699 taxed as capital gains). For the year ended December 31, 2013, total distributions paid by the Company for preferred stock, amounted to $7,556,588 or $2.0625 per share ($1.41816 taxed as ordinary income and $.64434 taxed as capital gains). For the year ended December 31, 2012, total distributions paid by the Company for preferred stock before accrued dividends, amounted to $5,068,697 or $2.0625 per share ($0.99966 taxed as ordinary income and $1.06284 taxed as capital gains).
	In addition to the above, taxable income from non-REIT activities conducted by S&F, a TRS, is subject to federal, state and local income taxes. Deferred income taxes pertaining to S&F are accounted for using the asset and liability method. Under this method, deferred income taxes are recognized for temporary differences between the financial reporting bases of assets and liabilities and their respective tax bases and for operating loss and tax credit carryforwards based on enacted tax rates expected to be in effect when such amounts are realized or settled. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized based on consideration of available evidence, including tax planning strategies and other factors. For the years ended December 31, 2014, 2013 and 2012, S&F had operating losses for financial reporting purposes of $3,946,571, $2,746,526 and $3,081,837, respectively. Therefore, a valuation allowance has been established against any deferred tax assets relating to S&F. For the years ended December 31, 2014, 2013 and 2012, S&F recorded $15,000, $5,000 and $5,000, respectively, in federal, state and franchise taxes.

Commitments_Contingencies_and_

Commitments, Contingencies and Legal Matters	12 Months Ended
	Dec. 31, 2014
Contingencies, Commitments and Legal Matters [Abstract]
COMMITMENTS, CONTINGENCIES AND LEGAL MATTERS	NOTE 12 – COMMITMENTS, CONTINGENCIES AND LEGAL MATTERS
	The Company is subject to claims and litigation in the ordinary course of business. Management does not believe that any such claim or litigation will have a material adverse effect on the business, assets, or results of operations of the Company.
	In 2010, a rainstorm bringing 13 inches of rain in a two-hour period caused flooding at Memphis Mobile City. All homes owned by the Company were fully restored as were the homes of all residents who elected to make repairs. On May 9, 2011, the Company was notified that a lawsuit had been filed in the United States District Court for the Western District of Tennessee on behalf of a purported class of all individuals of Mexican national origin who are current or former residents of Memphis Mobile City. The complaint alleges various claims based on federal and state discrimination and consumer protection laws, seeking monetary damages and injunctive relief. The magistrate judge ruled that plaintiffs who had signed a security agreement with an arbitration clause would be obligated to arbitrate while the other plaintiffs would not.  The Company filed a Motion to Dismiss plaintiffs’ amended Complaint which plaintiffs opposed.  The District Judge issued a decision granting our motion in part and denying it in part.  This litigation is ongoing. The Company continues to believe the action to be without merit.  The Company’s insurance company is supporting our defense of this action.  The Company is working on redeveloping this property as a manufactured home community, using fill from adjacent land that we have purchased in order to comply with current codes.  The adjacent parcel is also slated for manufactured home development upon receipt of appropriate permits.  The Company has received approval from the municipality for the first phase of the development and is currently obtaining bids for the construction work.
	The Company has entered into definitive agreements to purchase four manufactured home communities with a total of approximately 623 developed home sites.  These communities are located in Pennsylvania.   The aggregate purchase price of these communities totals approximately $12.9 million.  One acquisition of 141 home sites, with a purchase price of $3,800,000 was completed in January 2015 (See Note 15). Subject to satisfactory due diligence, we anticipate completion of the remaining acquisitions during the first half of 2015.
	In November 2013, the Company entered into an agreement with 21st Mortgage Corporation (21st Mortgage) under which 21st Mortgage can provide financing for home purchasers in the Company’s communities. The Company does not receive referral fees or other cash compensation under the agreement. If 21st Mortgage makes loans to purchasers and those purchasers default on their loans and 21st Mortgage repossesses the homes securing such loans, the Company has agreed to purchase from 21st Mortgage each such repossessed home for a price equal to 80% to 95% of the amount under each such loan, subject to certain adjustments. This agreement may be terminated by either party with 30 days written notice. As of December 31, 2014, there were fifty-nine transactions under this agreement with a total original loan amount of approximately $3.0 million. Additionally, 21st Mortgage previously made loans to purchasers in certain communities we acquired. In conjunction with these acquisitions, the Company has agreed to purchase from 21st Mortgage each repossessed home, if those purchasers default on their loans. The purchase price ranges from 55% to 100% of the amount under each such loan, subject to certain adjustments. As of December 31, 2014, the total loan balance was approximately $3.0 million.

Fair_Value_Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2014
Fair Value Measurements [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 13 - FAIR VALUE MEASUREMENTS
	The Company follows ASC 825, Fair Value Measurements, for financial assets and liabilities recognized at fair value on a recurring basis. The Company measures certain financial assets and liabilities at fair value on a recurring basis, including securities available for sale. The fair value of these certain financial assets and liabilities was determined using the following inputs at December 31, 2014 and 2013:
		Fair Value Measurements at Reporting Date Using
		Total		Quoted Prices	Significant Other Observable Inputs       (Level 2)	Significant Unobservable Inputs
				in Active		(Level 3)
				Markets for
				Identical
				Assets
				(Level 1)
	December 31, 2014:
	Equity Securities - Preferred Stock	$19,045,983		$19,045,983	$-0-	$-0-
	Equity Securities - Common Stock	44,509,978		44,509,978	-0-	-0-
	Interest Rate Swap (1)	-39,685		-0-	-39,685	-0-
	Total	$63,516,276		$63,555,961	($39,685)	$-0-
	December 31, 2013:
	Equity Securities - Preferred Stock	$24,536,942		$24,536,942	$-0-	$-0-
	Equity Securities - Common Stock	34,718,000		34,718,000	-0-	-0-
	Interest Rate Swap (1)	-39,840		-0-	-39,840	-0-
	Total	$59,215,102		$59,254,942	($39,840)	$-0-
		-1	Included in accrued liabilities and deposits
	In addition to the Company’s investment in Securities Available for Sale at Fair Value, the Company is required to disclose certain information about fair values of its other financial instruments, as defined in ASC 825-10, Financial Instruments. Estimates of fair value are made at a specific point in time, based upon, where available, relevant market prices and information about the financial instrument. Such estimates do not include any premium or discount that could result from offering for sale at one time the Company's entire holdings of a particular financial instrument. All of the Company’s securities available for sale have quoted market prices. However, for a portion of the Company's other financial instruments, no quoted market value exists. Therefore, estimates of fair value are necessarily based on a number of significant assumptions (many of which involve events outside the control of management). Such assumptions include assessments of current economic conditions, perceived risks associated with these financial instruments and their counterparties, future expected loss experience and other factors. Given the uncertainties surrounding these assumptions, the reported fair values represent estimates only and, therefore, cannot be compared to the historical accounting model. Use of different assumptions or methodologies is likely to result in significantly different fair value estimates.
	The fair value of cash and cash equivalents and notes receivables approximates their current carrying amounts since all such items are short-term in nature. The fair value of securities available for sale is primarily based upon quoted market values. The fair value of variable rate mortgages payable and loans payable approximate their current carrying amounts since such amounts payable are at approximately a weighted-average current market rate of interest. The estimated fair value of fixed rate mortgage notes payable is based on discounting the future cash flows at a year-end risk adjusted borrowing rate currently available to the Company for issuance of debt with similar terms and remaining maturities. These fair value measurements fall within level 2 of the fair value hierarchy. As of December 31, 2014, the fair and carrying value of fixed rate mortgages payable amounted to $154,848,509 and $152,213,686, respectively. As of December 31, 2013, the fair and carrying value of fixed rate mortgages payable amounted to $127,869,529 and $128,553,264, respectively. When the Company acquires a property, it is required to fair value all of the assets and liabilities, including intangible assets and liabilities (See Note 1). Those fair value measurements fall within level 3 of the fair value hierarchy.

Supplemental_Cash_Flow_Informa

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2014
Supplemental Cash Flow and Comprehensive Income (Loss) Information [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	NOTE 14 – SUPPLEMENTAL CASH FLOW INFORMATION
	Cash paid for interest during the years ended December 31, 2014, 2013 and 2012 was $10,832,747, $8,185,305 and $4,715,898, respectively.
	During the years ended December 31, 2014 and 2013, the Company assumed mortgages totaling approximately $26.7 million and $7.7 million for the acquisition of communities.
	During the years ended December 31, 2014, 2013 and 2012, land development costs of $100,372, $77,562 and $85,193, respectively were transferred to investment property and equipment and placed in service.
	During the years ended December 31, 2014, 2013 and 2012, the Company had dividend reinvestments of $1,858,491, $1,861,987 and $1,390,899, respectively which required no cash transfers.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 15 – SUBSEQUENT EVENTS
	Material subsequent events have been evaluated and are disclosed herein.
	On January 21, 2015, the Company acquired one manufactured home community for approximately $3.8 million located in Pennsylvania. This all-age community contains a total of 141 developed home sites that are situated on approximately 40 total acres. The average occupancy for this community is approximately 96%. The Company assumed a mortgage loan with a balance of approximately $2.3 million. The interest rate on this mortgage is fixed at 6.5%. This mortgage matures on October 5, 2021.
	On February 27, 2015, the Company obtained an $8,100,000 Federal Home Loan Mortgage Corporation (Freddie Mac) mortgage through Wells Fargo Bank, N.A. (Wells Fargo) on D&R Village. The interest rate on this mortgage is fixed at 3.85%. This mortgage matures on March 1, 2025. Proceeds from this mortgage was used to repay the D&R Village and Waterfalls Village mortgage.
	On March 6, 2015, the Company obtained a $2,200,000 Freddie Mac mortgage through Wells Fargo on Olmsted Falls. The interest rate on this mortgage is fixed at 3.98%. This mortgage matures on April 1, 2025.

Pro_Forma_Financial_Informatio

Pro Forma Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2014
Pro Forma Financial Information (Unaudited) [Abstract]
PRO FORMA FINANCIAL INFORMATION (UNAUDITED)	NOTE 16 – PRO FORMA FINANCIAL INFORMATION (UNAUDITED)
	The following unaudited pro forma condensed financial information reflects the 2014 and 2013 acquisitions that have closed. This information has been prepared utilizing the historical financial statements of the Company and the effect of additional revenue and expenses from the properties acquired during 2014 and 2013 assuming that the acquisitions had occurred as of January 1, 2013, after giving effect to certain adjustments including (a) rental and related income; (b) community operating expenses; (c) interest expense resulting from the assumed increase in mortgages and loans payable related to the new acquisitions and (d) depreciation expense related to the new acquisitions. The unaudited pro forma condensed financial information is not indicative of the results of operations that would have been achieved had the acquisitions reflected herein been consummated on the dates indicated or that will be achieved in the future.
		For the years ended December 31,
		2014	2013
	Rental and Related Income	$65,503,000	$61,715,000
	Community Operating Expenses	34,882,000	35,079,000
	Net Loss Attributable to Common Shareholders	(4,223,000)	-4,603,000
	Net Loss Attributable to Common Shareholders per Share:
	Basic	(0.19)	(0.25)
	Diluted	(0.19)	(0.24)

Selected_Quarterly_Financial_D

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2014
Selected Quarterly Financial Data (Unaudited) [Abstract]
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	NOTE 17 – SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
	SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
	THREE MONTHS ENDED
	2014	31-Mar	30-Jun	30-Sep	31-Dec
	Total Income	$15,849,181	$18,148,732	$18,554,782	$18,879,238
	Total Expenses	15,101,441	16,489,825	16,777,494	16,152,398
	Other Income (Expense)	-156,907	-228,377	-1,121,174	-1,173,827
	Net Income	568,189	1,476,725	629,271	1,563,618
	Net Income (Loss) Attributable
	to Common Shareholders	-1,320,958	-412,422	-1,259,876	-325,529
	Net Income (Loss) Attributable to Common Shareholders per Share –
	Basic	-0.06	-0.02	-0.06	-0.01
	Diluted	-0.06	-0.02	-0.06	-0.01
	2013	31-Mar	30-Jun	30-Sep	31-Dec
	Total Income	$13,426,295	$16,097,925	$16,253,966	$16,426,921
	Total Expenses	12,240,957	14,196,653	14,935,457	16,636,587
	Other Income (Expense)	2,977,034	-229,785	-600,121	-524,561
	Net Income	4,149,511	1,619,439	800,877	-733,004
	Net Income (Loss) Attributable
	to Common Shareholders	2,260,364	-269,708	-1,088,270	-2,622,151
	Net Income (Loss) Attributable to Common Shareholders per Share –
	Basic	0.13	-0.02	-0.06	-0.14
	Diluted	0.13	-0.02	-0.06	-0.14

Real_Estate_and_Accumulated_De

Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2014
Real Estate and Accumulated Depreciation [Abstract]
REAL ESTATE AND ACCUMULATED DEPRECIATION
	UMH PROPERTIES, INC.
	SCHEDULE III
	REAL ESTATE AND ACCUMULATED DEPRECIATION
	31-Dec-14
	Column A			Column B			Column C				Column D
	Description						Initial Cost
									Site, Land
									& Building		Capitalization
									Improvements		Subsequent to
	Name	Location		Encumbrances			Land		and Rental Homes		Acquisition
	Allentown	Memphis, TN	$	10,486,045	-1	$	250,000	$	2,569,101	$	8,270,359
	Auburn Estates	Orrville, OH		7,554,281	-5		114,000		1,174,000		167,500
	Birchwood Farms	Birch Run, MI		52,082,526	-6		70,000		2,797,000		532,478
	Broadmore Estates	Goshen, IN			-6		1,120,000		11,136,000		1,727,638
	Brookside Village	Berwick, PA		14,679,583	-2		372,000		4,776,000		639,151
	Brookview Village	Greenfield Ctr, NY		-0-			37,500		232,547		3,693,950
	Carsons	Chambersburg, PA		12,177,725	-3		176,000		2,411,000		450,569
	Cedarcrest	Vineland, NJ		8,966,785			320,000		1,866,323		2,046,445
	Chambersburg I & II	Chambersburg, PA			-3		108,000		2,397,000		247,338
	Chelsea	Sayre, PA			-3		124,000		2,049,000		278,421
	City View	Lewistown, PA		-0-			137,000		613,000		944,226
	Clinton	Tiffin, OH			-1		142,000		3,301,800		69,522
	Collingwood	Horseheads, NY			-3		196,000		2,317,500		684,628
	Colonial Heights	Wintersville, OH			-6		67,000		2,383,000		2,339,241
	Countryside Estates	Muncie, IN		-0-			174,000		1,926,000		1,554,975
	Countryside Estates	Ravenna, OH		9,083,178	-9		205,000		2,895,997		340,776
	Countryside Village	Columbia, TN		-0-			394,000		6,916,500		3,180,792
	Cranberry Village	Cranberry Twp, PA		-0-			181,930		1,922,931		2,450,486
	Crestview	Sayre, PA			-3		188,000		2,258,000		497,236
	Cross Keys Village	Duncansville, PA		-0-			60,774		378,093		2,249,070
	Dallas Mobile Home	Toronto, OH		-0-			275,600		2,728,503		15,549
	Deer Meadows	New Springfield, OH			-9		226,000		2,299,275		206,051
	D&R Village	Clifton Park, NY		6,803,625	-4		391,724		704,021		2,756,898
	Evergreen Estates	Lodi, OH			-9		99,000		1,121,300		59,914
	Evergreen Manor	Bedford, OH			-9		49,000		2,372,258		23,234
	Evergreen Village	Mantua, OH			-9		105,000		1,277,001		212,279
	Fairview Manor	Millville, NJ		10,139,450			216,000		1,166,517		9,094,057
	Forest Creek	Elkhart, IN			-6		440,000		7,004,000		865,604
	Forest Park Village	Cranberry Twp, PA		-0-			75,000		977,225		4,667,458
	Frieden Manor	Schuylkill Haven, PA			-3		643,000		5,293,500		689,795
	Green Acres	Chambersburg, PA			-3		63,000		584,000		5,557
	Gregory Courts	Honey Brook, PA			-6		370,000		1,220,000		61,433
	Hayden Heights	Dublin, OH		-0-			248,100		2,147,700		97,176
	Heather Highlands	Inkerman, PA		989,773			572,500		2,151,569		5,914,235
	Highland	Elkhart, IN			-6		510,000		7,084,000		689,293
	Highland Estates	Kutztown, PA		9,408,128			145,000		1,695,041		10,582,889
	Hillside Estates	Greensburg, PA		8,495,880	-8		483,600		2,678,525		154,554
	Holiday	Nashville, TN		-0-			1,632,000		5,618,000		3,027,213
	Hudson Estates	Peninsula, OH		8,796,065	-10		141,000		3,515,878		425,478
	Independence Park	Clinton, PA			-8		686,400		2,783,633		47,269
	Kinnebrook	Monticello, NY		-0-			235,600		1,402,572		7,720,797
	Lake Sherman	Navarre, OH		-0-			290,000		1,457,673		6,495,265
	Laurel Woods	Cresson, PA		-0-			432,700		2,070,426		2,258,651
	Little Chippewa	Orrville, OH			-5		113,000		1,135,000		303,129
	Maple Manor	Taylor, PA			-2		674,000		9,432,800		1,732,827
		UMH PROPERTIES, INC.
		SCHEDULE III
		REAL ESTATE AND ACCUMULATED DEPRECIATION
		31-Dec-14
	Column A				Column B			Column C				Column D
	Description							Initial Cost
										Site, Land
										& Building		Capitalization
									Improvements		Subsequent to
Name		Location		Encumbrances			Land		and Rental Homes		Acquisition
Meadowood		New Middletown, OH	$		-6	$	152,000		$                3,191,000	$	1,218,816
Melrose Village		Wooster, OH			-5		767,000		5,429,000		797,370
Melrose West		Wooster, OH			-5		94,000		1,040,000		10,633
Memphis Mobile		Memphis, TN		-0-			78,435		810,477		952,935
Monroe Valley		Ephrata, PA			-3		114,000		994,000		245,557
Moosic Heights		Avoca, PA			-2		330,000		3,794,100		712,913
Mountaintop		Ephrata, PA			-3		134,000		1,665,000		386,890
Mountain View		Coxsackie, NY		-0-			1,757,800		-0-		1,497,683
Oak Ridge Estates		Elkhart, IN			-6		500,000		7,524,000		1,490,055
Oakwood Lake		Tunkhannock, PA			-2		379,000		1,639,000		310,990
Olmsted Falls		Olmsted Falls, OH		-0-			569,000		3,031,000		678,638
Oxford Village		West Grove, PA		7,350,262			175,000		990,515		1,600,405
Pine Ridge/Manor		Carlisle, PA		-0-			37,540		198,321		6,719,889
Pine Valley Estates		Apollo, PA		-0-			670,000		1,336,600		3,518,511
Pleasant View Estates		Bloomsburg, PA			-2		282,000		2,174,800		600,563
Port Royal Village		Belle Vernon, PA		-0-			150,000		2,491,796		9,724,884
River Valley Estates		Marion, OH		-0-			236,000		785,293		5,033,760
Rolling Hills Estates		Carlisle, PA		-0-			301,000		1,419,013		507,699
Rostraver Estates		Belle Vernon, PA			-8		813,600		2,203,506		58,430
Sandy Valley Estates		Magnolia, OH		-0-			270,000		1,941,430		5,603,708
Shady Hills		Nashville, TN		-0-			337,000		3,379,000		1,948,025
Somerset/Whispering		Somerset, PA		731,900			1,485,000		2,050,400		5,380,203
Southern Terrace		Columbiana, OH			-6		63,000		3,387,000		206,625
Southwind Village		Jackson, NJ		5,871,176			100,095		602,820		2,338,536
Spreading Oaks		Athens, OH		-0-			67,000		1,326,800		1,962,581
Suburban Estates		Greensburg, PA		6,417,395	-7		299,000		5,837,272		1,025,661
Summit Estates		Ravenna, OH			-10		198,000		2,779,260		186,289
Sunny Acres		Somerset, PA			-7		287,000		6,113,528		486,204
Sunnyside		Eagleville, PA			-6		450,000		2,674,000		-12,659
Trailmont		Goodlettsville, TN		-0-			411,000		1,867,000		2,133,953
Twin Oaks I & II		Olmsted Twp, OH		2,637,077			823,000		3,527,000		969,541
Twin Pines		Goshen, IN			-6		650,000		6,307,000		1,032,172
Valley High		Ruffs Dale, PA			-8		284,000		2,266,750		50,862
Valley Hills		Ravenna, OH			-10		996,000		6,542,178		1,006,862
Valley View-I		Ephrata, PA			-3		191,000		4,359,000		555,107
Valley View-II		Ephrata, PA			-3		72,000		1,746,000		2,508
Valley View-Danboro		Doylestown, PA			-6		2,650,000		8,266,000		-11,992
Valley View-HB		Honey Brook, PA			-6		1,380,000		5,348,000		157,821
Waterfalls Village		Hamburg, NY			-4		424,000		3,812,000		2,353,158
Weatherly Estates		Lebanon, TN		-0-			1,184,000		4,034,480		4,299,168
Woodland Manor		West Monroe, NY		-0-			77,000		841,000		1,493,572
Woodlawn Village		Eatontown, NJ		-0-			157,421		280,749		1,019,343
Wood Valley		Caledonia, OH		-0-			260,000		1,753,206		3,330,308
Youngstown Estates		Youngstown, NY			-5		269,000		1,606,000		23,054
			$	182,670,854		$	34,479,319	$	249,606,503	$	164,078,637
UMH PROPERTIES, INC.
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
31-Dec-14
Column A			Column E (6) (7)						Column F
Description			Gross Amount at Which Carried at 12/31/14
					Site, Land
					& Building
					Improvements				Accumulated
Name	Location		Land		and Rental Homes		Total		Depreciation
Allentown	Memphis, TN	$	480,000	$	10,609,460	$	11,089,460	$	4,411,922
Auburn Estates	Orrville, OH		114,000		1,341,500		1,455,500		53,598
Birchwood Farms	Birch Run, MI		70,000		3,329,478		3,399,478		255,376
Broadmore Estates	Goshen, IN		1,120,000		12,863,638		13,983,638		895,695
Brookside Village	Berwick, PA		372,000		5,415,151		5,787,151		731,483
Brookview Village	Greenfield Ctr, NY		122,865		3,841,132		3,963,997		1,956,851
Carsons	Chambersburg, PA		176,000		2,861,569		3,037,569		223,159
Cedarcrest	Vineland, NJ		408,206		3,824,562		4,232,768		2,575,753
Chambersburg I & II	Chambersburg, PA		108,000		2,644,338		2,752,338		222,658
Chelsea	Sayre, PA		124,000		2,327,421		2,451,421		186,335
City View	Lewistown, PA		137,000		1,557,226		1,694,226		110,796
Clinton	Tiffin, OH		142,000		3,371,322		3,513,322		397,120
Collingwood	Horseheads, NY		196,000		3,002,128		3,198,128		224,293
Colonial Heights	Wintersville, OH		67,000		4,722,241		4,789,241		319,009
Countryside Estates	Muncie, IN		174,000		3,480,975		3,654,975		279,946
Countryside Estates	Ravenna, OH		205,000		3,236,773		3,441,773		93,711
Countryside Village	Columbia, TN		394,000		10,097,292		10,491,292		1,197,084
Cranberry Village	Cranberry Twp, PA		181,930		4,373,417		4,555,347		2,478,191
Crestview	Sayre, PA		363,000		2,580,236		2,943,236		208,796
Cross Keys Village	Duncansville, PA		60,774		2,627,163		2,687,937		1,026,981
Dallas Mobile Home	Toronto, OH		275,600		2,744,052		3,019,652		50,465
Deer Meadows	New Springfield, OH		226,000		2,505,326		2,731,326		74,714
D&R Village	Clifton Park, NY		391,724		3,460,919		3,852,643		1,726,688
Evergreen Estates	Lodi, OH		99,000		1,181,214		1,280,214		35,265
Evergreen Manor	Bedford, OH		49,000		2,395,492		2,444,492		87,038
Evergreen Village	Mantua, OH		105,000		1,489,280		1,594,280		42,236
Fairview Manor	Millville, NJ		2,534,892		7,941,682		10,476,574		4,270,502
Forest Creek	Elkhart, IN		440,000		7,869,604		8,309,604		589,049
Forest Park Village	Cranberry Twp, PA		75,000		5,644,683		5,719,683		2,437,412
Frieden Manor	Schuylkill Haven, PA		643,000		5,983,295		6,626,295		501,251
Green Acres	Chambersburg, PA		63,000		589,557		652,557		51,584
Gregory Courts	Honey Brook, PA		370,000		1,281,433		1,651,433		84,706
Hayden Heights	Dublin, OH		248,100		2,244,876		2,492,976		39,748
Heather Highlands	Inkerman, PA		572,500		8,065,804		8,638,304		3,976,279
Highland	Elkhart, IN		510,000		7,773,293		8,283,293		567,895
Highland Estates	Kutztown, PA		404,239		12,018,691		12,422,930		5,355,140
Hillside Estates	Greensburg, PA		483,600		2,833,079		3,316,679		51,554
Holiday	Nashville, TN		1,632,000		8,645,213		10,277,213		449,681
Hudson Estates	Peninsula, OH		141,000		3,941,356		4,082,356		111,142
Independence Park	Clinton, OH		686,400		2,830,902		3,517,302		52,591
Kinnebrook	Monticello, NY		352,972		9,005,997		9,358,969		3,833,077
Lake Sherman	Navarre, OH		290,000		7,952,938		8,242,938		2,905,512
Laurel Woods	Cresson, PA		432,700		4,329,077		4,761,777		1,544,649
Little Chippewa	Orrville, OH		113,000		1,438,129		1,551,129		49,565
Maple Manor	Taylor, PA		674,000		11,165,627		11,839,627		1,503,215
UMH PROPERTIES, INC.
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
31-Dec-14
Column A					Column E (6) (7)						Column F
Description					Gross Amount at Which Carried at 12/31/14
							Site, Land
							& Building
							Improvements				Accumulated
Name	Location				Land		and Rental Homes		Total		Depreciation
Meadowood	New Middletown, OH		$		152,000	$	4,409,816	$	4,561,816	$	356,493
Melrose Village	Wooster, OH				767,000		6,226,370		6,993,370		229,927
Melrose West	Wooster, OH				94,000		1,050,633		1,144,633		41,278
Memphis Mobile	Memphis, TN				335,935		1,505,912		1,841,847		1,161,152
Monroe Valley	Ephrata, PA				114,000		1,239,557		1,353,557		101,446
Moosic Heights	Avoca, PA				330,000		4,507,013		4,837,013		596,707
Mountaintop	Ephrata, PA				134,000		2,051,890		2,185,890		161,274
Mountain View	Coxsackie, NY				2,218,800		1,036,683		3,255,483		142,831
Oak Ridge Estates	Elkhart, IN				500,000		9,014,055		9,514,055		643,903
Oakwood Lake	Tunkhannock, PA				379,000		1,949,990		2,328,990		268,677
Olmsted Falls	Olmsted Falls, OH				569,000		3,709,638		4,278,638		264,561
Oxford Village	West Grove, PA				155,000		2,610,920		2,765,920		1,861,355
Pine Ridge/Manor	Carlisle, PA				145,473		6,810,277		6,955,750		2,167,988
Pine Valley Estates	Apollo, PA				732,089		4,793,022		5,525,111		1,900,600
Pleasant View Estates	Bloomsburg, PA				282,000		2,775,363		3,057,363		365,881
Port Royal Village	Belle Vernon, PA				505,000		11,861,680		12,366,680		5,249,997
River Valley Estates	Marion, OH				236,000		5,819,053		6,055,053		2,803,077
Rolling Hills Estates	Carlisle, PA				301,000		1,926,712		2,227,712		115,523
Rostraver Estates	Belle Vernon, PA				813,600		2,261,936		3,075,536		47,589
Sandy Valley Estates	Magnolia, OH				270,000		7,545,138		7,815,138		3,868,316
Shady Hills	Nashville, TN				337,000		5,327,025		5,664,025		565,276
Somerset/Whispering	Somerset, PA				1,488,600		7,427,003		8,915,603		2,200,359
Southern Terrace	Columbiana, OH				63,000		3,593,625		3,656,625		297,702
Southwind Village	Jackson, NJ				100,095		2,941,356		3,041,451		1,843,215
Spreading Oaks	Athens, OH				67,000		3,289,381		3,356,381		1,263,843
Suburban Estates	Greensburg, PA				299,000		6,862,933		7,161,933		1,012,803
Summit Estates	Ravenna, OH				198,000		2,965,549		3,163,549		87,990
Sunny Acres	Somerset, PA				287,000		6,599,732		6,886,732		1,051,390
Sunnyside	Eagleville, PA				450,000		2,661,341		3,111,341		177,682
Trailmont	Goodlettsville, TN				411,000		4,000,953		4,411,953		389,129
Twin Oaks I & II	Olmsted Twp, OH				998,000		4,321,541		5,319,541		321,272
Twin Pines	Goshen, IN				650,000		7,339,172		7,989,172		482,924
Valley High	Ruffs Dale, PA				284,000		2,317,612		2,601,612		43,488
Valley Hills	Ravenna, OH				996,000		7,549,040		8,545,040		213,962
Valley View-I	Ephrata, PA				191,000		4,914,107		5,105,107		409,151
Valley View-II	Ephrata, PA				72,000		1,748,508		1,820,508		153,686
Valley View-Danboro	Doylestown, PA				2,650,000		8,254,008		10,904,008		550,226
Valley View-HB	Honey Brook, PA				1,380,000		5,505,821		6,885,821		391,197
Waterfalls Village	Hamburg, NY				424,000		6,165,158		6,589,158		2,895,919
Weatherly Estates	Lebanon, TN				1,184,000		8,333,648		9,517,648		1,947,596
Woodland Manor	West Monroe, NY				77,000		2,334,572		2,411,572		666,277
Woodlawn Village	Eatontown, NJ				135,420		1,322,093		1,457,513		615,534
Wood Valley	Caledonia, OH				260,000		5,083,514		5,343,514		2,186,870
Youngstown Estates	Youngstown, NY				269,000		1,629,054		1,898,054		64,132
		$		39,133,514		$	409,030,945	$		$	90,419,913
									448,164,459
UMH PROPERTIES, INC.
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
31-Dec-14
Column A			Column G		Column H		Column I
Description
			Date of		Date		Depreciable
Name	Location		Construction		Acquired		Life
Allentown	Memphis, TN		prior to 1980		1986		5 to 27.5
Auburn Estates	Orrville, OH		1971/1985/1995		2013		5 to 27.5
Birchwood Farms	Birch Run, MI		1976-1977		2013		5 to 27.5
Broadmore Estates	Goshen, IN		1950/1990		2013		5 to 27.5
Brookside Village	Berwick, PA		1973-1976		2010		5 to 27.5
Brookview Village	Greenfield Ctr, NY		prior to 1970		1977		5 to 27.5
Carsons	Chambersburg, PA		1963		2012		5 to 27.5
Cedarcrest	Vineland, NJ		1973		1986		27.5
Chambersburg I & II	Chambersburg, PA		1955		2012		5 to 27.5
Chelsea	Sayre, PA		1972		2012		5 to 27.5
City View	Lewistown, PA		prior to 1980		2011		5 to 27.5
Clinton	Tiffin, OH		1968/1987		2011		27.5
Collingwood	Horseheads, NY		1970		2012		5 to 27.5
Colonial Heights	Wintersville, OH		1972		2012		5 to 27.5
Countryside Estates	Muncie, IN		1996		2012		5 to 27.5
Countryside Estates	Ravenna, OH		1972		2014		5 to 27.5
Countryside Village	Columbia, TN		1988/1992		2011		5 to 27.5
Cranberry Village	Cranberry Twp, PA		1974		1986		5 to 27.5
Crestview	Sayre, PA		1964		2012		5 to 27.5
Cross Keys Village	Duncansville, PA		1961		1979		5 to 27.5
Dallas Mobile Home	Toronto, OH		1950-1957		2014		5 to 27.5
Deer Meadows	New Springfield, OH		1973		2014		5 to 27.5
D&R Village	Clifton Park, NY		1972		1978		5 to 27.5
Evergreen Estates	Lodi, OH		1965		2014		5 to 27.5
Evergreen Manor	Bedford, OH		1960		2014		5 to 27.5
Evergreen Village	Mantua, OH		1960		2014		5 to 27.5
Fairview Manor	Millville, NJ		prior to 1980		1985		5 to 27.5
Forest Creek	Elkhart, IN		1996-1997		2013		5 to 27.5
Forest Park Village	Cranberry Twp, PA		prior to 1980		1982		5 to 27.5
Frieden Manor	Schuylkill Haven, PA		1969		2012		5 to 27.5
Green Acres	Chambersburg, PA		1978		2012		27.5
Gregory Courts	Honey Brook, PA		1970		2013		5 to 27.5
Hayden Heights	Dublin, OH		1973		2014		5 to 27.5
Heather Highlands	Inkerman, PA		1970		1992		5 to 27.5
Highland	Elkhart, IN		1969		2013		5 to 27.5
Highland Estates	Kutztown, PA		1971		1979		5 to 27.5
Hillside Estates	Greensburgh, PA		1980		2014		5 to 27.5
Holiday	Nashville, TN		1967		2013		5 to 27.5
Hudson Estates	Peninsula, OH		1956		2014		5 to 27.5
Independence Park	Clinton, PA		1987		2014		5 to 27.5
Kinnebrook	Monticello, NY		1972		1988		5 to 27.5
Lake Sherman	Navarre, OH		prior to 1980		1987		5 to 27.5
Laurel Woods	Cresson, PA		prior to 1980		2001		5 to 27.5
Little Chippewa	Orrville, OH		1968		2013		5 to 27.5
Maple Manor	Taylor, PA		1972		2010		5 to 27.5
UMH PROPERTIES, INC.
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
31-Dec-14
Column A			Column G		Column H		Column I
Description
			Date of		Date		Depreciable
Name	Location		Construction		Acquired		Life
Meadowood	New Middletown, OH		1957		2012		5 to 27.5
Melrose Village	Wooster, OH		1970-1978		2013		5 to 27.5
Melrose West	Wooster, OH		1995		2013		27.5
Memphis Mobile	Memphis, TN		1955		1985		27.5
Monroe Valley	Ephrata, PA		1969		2012		5 to 27.5
Moosic Heights	Avoca, PA		1972		2010		5 to 27.5
Mountaintop	Ephrata, PA		1972		2012		5 to 27.5
Mountain View	Coxsackie, NY		N/A		2005		5 to 27.5
Oak Ridge Estates	Elkhart, IN		1990		2013		5 to 27.5
Oakwood Lake	Tunkhannock, PA		1972		2010		5 to 27.5
Olmsted Falls	Olmsted Falls, OH		1953/1970		2012		27.5
Oxford Village	West Grove, PA		1971		1974		5 to 27.5
Pine Ridge/Manor	Carlisle, PA		1961		1969		5 to 27.5
Pine Valley Estates	Apollo, PA		prior to 1980		1995		5 to 27.5
Pleasant View Estates	Bloomsburg, PA		1960's		2010		5 to 27.5
Port Royal Village	Belle Vernon, PA		1973		1983		5 to 27.5
River Valley Estates	Marion, OH		1950		1986		5 to 27.5
Rolling Hills Estates	Carlisle, PA		1972-1975		2013		5 to 27.5
Rostraver Estates	Belle Vernon, PA		1970		2014		5 to 27.5
Sandy Valley Estates	Magnolia, OH		prior to 1980		1985		5 to 27.5
Shady Hills	Nashville, TN		1954		2011		5 to 27.5
Somerset/Whispering	Somerset, PA		prior to 1980		2004		27.5
Southern Terrace	Columbiana, OH		1983		2012		27.5
Southwind Village	Jackson, NJ		1969		1969		5 to 27.5
Spreading Oaks	Athens, OH		prior to 1980		1996		5 to 27.5
Suburban Estates	Greensburg, PA		1968/1980		2010		5 to 27.5
Summit Estates	Ravenna, OH		1969		2014		5 to 27.5
Sunny Acres	Somerset, PA		1970		2010		5 to 27.5
Sunnyside	Eagleville, PA		1960		2013		5 to 27.5
Trailmont	Goodlettsville, TN		1964		2011		5 to 27.5
Twin Oaks I & II	Olmsted Twp, OH		1952/1997		2012		5 to 27.5
Twin Pines	Goshen, IN		1956/1990		2013		5 to 27.5
Valley High	Ruffs Dale, PA		1974		2014		5 to 27.5
Valley Hills	Ravenna, OH		1960-1970		2014		5 to 27.5
Valley View-I	Ephrata, PA		1961		2012		5 to 27.5
Valley View-II	Ephrata, PA		1999		2012		5 to 27.5
Valley View-Danboro	Doylestown, PA		1959		2013		5 to 27.5
Valley View-HB	Honey Brook, PA		1970		2013		5 to 27.5
Waterfalls Village	Hamburg, NY		prior to 1980		1997		5 to 27.5
Weatherly Estates	Lebanon, TN		1997		2006		5 to 27.5
Woodland Manor	West Monroe, NY		prior to 1980		2003		5 to 27.5
Woodlawn Village	Eatontown, NJ		1964		1978		5 to 27.5
Wood Valley	Caledonia, OH		prior to 1980		1996		5 to 27.5
Youngstown Estates	Youngstown, NY		1963		2013		5 to 27.5
UMH PROPERTIES, INC.
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
31-Dec-14
	-1	Represents one mortgage note payable secured by two properties.
	-2	Represents one mortgage note payable secured by five properties.
	-3	Represents one mortgage note payable secured by eleven properties.
	-4	Represents one mortgage note payable secured by two properties.
	-5	Represents one mortgage note payable secured by five properties.
	-6	Represents one mortgage not payable secured by thirteen properties.
	-7	Represents one mortgage note payable secured by two properties.
	-8	Represents one mortgage note payable secured by four properties.
	-9	Represents one mortgage note payable secured by five properties.
	-10	Represents one mortgage note payable secured by three properties.
	-11	Reconciliation
			/----------FIXED ASSETS-----------/
				12/31/14		12/31/13		12/31/12
	Balance – Beginning of Year			$365,824,412		$253,490,055		$191,252,542
	Additions:
	Acquisitions			42,422,064		88,211,013		47,376,000
	Improvements			40,798,234		26,041,264		16,121,717
	Total Additions			83,220,298		114,252,277		63,497,717
	Deletions			-880,251		-1,917,920		-1,260,204
	Balance – End of Year			$448,164,459		$365,824,412		$253,490,055
				/-----ACCUMULATED DEPRECIATION-----/
			12/31/14			12/31/13		12/31/12
	Balance – Beginning of Year		$76,435,743			$65,658,602		$58,994,093
	Additions:
	Depreciation		14,341,575			11,318,194		6,869,251
	Total Additions		14,341,575			11,318,194		6,869,251
	Deletions		-357,405			-541,053		-204,742
	Balance – End of Year		$90,419,913			$76,435,743		$65,658,602
(12) The aggregate cost for Federal tax purposes approximates historical cost.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Basis of Presentation	Basis of Presentation
	The Company prepares its financial statements under the accrual basis of accounting, in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). The Company’s subsidiaries are all 100% wholly-owned. The consolidated financial statements of the Company include all of these subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. The Company does not have a majority or minority interest in any other company, either consolidated or unconsolidated.
Use of Estimates	Use of Estimates
	In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, as well as contingent assets and liabilities as of the dates of the consolidated balance sheets and revenue and expenses for the years then ended. These estimates and assumptions include the allowance for doubtful accounts, valuation of inventory, depreciation, valuation of securities, reserves and accruals, and stock compensation expense. Actual results could differ from these estimates and assumptions.
Investment Property and Equipment and Depreciation	Investment Property and Equipment and Depreciation
	Property and equipment are carried at cost. Depreciation for Sites and Building is computed principally on the straight-line method over the estimated useful lives of the assets (ranging from 15 to 27.5 years). Depreciation of Improvements to Sites and Buildings, Rental Homes and Equipment and Vehicles is computed principally on the straight-line method over the estimated useful lives of the assets (ranging from 3 to 27.5 years). Land Development Costs are not depreciated until they are put in use, at which time they are capitalized as Sites and Land Improvements. Interest Expense pertaining to Land Development Costs are capitalized. Maintenance and Repairs are charged to expense as incurred and improvements are capitalized. The costs and related accumulated depreciation of property sold or otherwise disposed of are removed from the financial statement and any gain or loss is reflected in the current year’s results of operations.
	The Company applies Financial Accounting Standards Board Accounting Standards Codification (ASC) 360-10, Property, Plant & Equipment (ASC 360-10) to measure impairment in real estate investments. Rental properties are individually evaluated for impairment when conditions exist which may indicate that it is probable that the sum of expected future cash flows (on an undiscounted basis without interest) from a rental property is less than the carrying value under its historical net cost basis. These expected future cash flows consider factors such as future operating income, trends and prospects as well as the effects of leasing demand, competition and other factors. Upon determination that a permanent impairment has occurred, rental properties are reduced to their fair value. For properties to be disposed of, an impairment loss is recognized when the fair value of the property, less the estimated cost to sell, is less than the carrying amount of the property measured at the time there is a commitment to sell the property and/or it is actively being marketed for sale. A property to be disposed of is reported at the lower of its carrying amount or its estimated fair value, less its cost to sell. Subsequent to the date that a property is held for disposition, depreciation expense is not recorded.
	The Company conducted a comprehensive review of all real estate asset classes in accordance with ASC 360-10-35-21.  The process entailed the analysis of property for instances where the net book value exceeded the estimated fair value. The Company utilizes the experience and knowledge of its internal valuation team to derive certain assumptions used to determine an operating property’s cash flow. Such assumptions include lease-up rates, rental rates, rental growth rates, and capital expenditures.  The Company reviewed its operating properties in light of the requirements of ASC 360-10 and determined that, as of December 31, 2014, the undiscounted cash flows over the expected holding period for these properties were in excess of their carrying values and, therefore, no impairment charges were required.
Acquisitions	Acquisitions
	The Company accounts for acquisitions in accordance with ASC 805, Business Combinations (ASC 805). ASC 805 requires that transaction costs, such as broker fees, transfer taxes, legal, accounting, valuation, and other professional and consulting fees, related to acquisitions be expensed as incurred.
	Upon acquisition of a property, the Company allocates the purchase price of the property based upon the fair value of the assets acquired, which generally consist of land, site and land improvements, buildings and improvements and rental homes. The Company generally allocates the purchase price of an acquired property determined by internal evaluation as well as a third-party appraisal of the property obtained in conjunction with the purchase.
Cash and Cash Equivalents	Cash and Cash Equivalents
	Cash and cash equivalents include all cash and investments with an original maturity of three months or less. The Company maintains its cash in bank accounts in amounts that may exceed federally insured limits.  The Company has not experienced any losses in these accounts in the past. The fair value of cash and cash equivalents approximates their current carrying amounts since all such items are short-term in nature.
Securities Available for Sale	Securities Available for Sale
	Investments in non-real estate assets consist of marketable securities of other REIT’s, which are composed of common and preferred stock. These securities are all publicly-traded and purchased on the open market, through private transactions or through dividend reinvestment plans. These securities are classified among three categories: held-to-maturity, trading and available-for-sale. As of December 31, 2014 and 2013, the Company’s securities are all classified as available-for-sale and are carried at fair value based upon quoted market prices. Gains or losses on the sale of securities are based on identifiable cost and are accounted for on a trade date basis. Unrealized holding gains and losses are excluded from earnings and reported as a separate component of Shareholders’ Equity until realized. The changes in unrealized net holding gains are reflected as comprehensive income.
	The Company individually reviews and evaluates our marketable securities for impairment on a quarterly basis or when events or circumstances occur. The Company considers, among other things, credit aspects of the issuer, amount of decline in fair value over cost and length of time in a continuous loss position. The Company has developed a general policy of evaluating whether an unrealized loss is other than temporary. On a quarterly basis, the Company makes an initial review of every individual security in its portfolio. If the security is impaired, the Company first determines our intent and ability to hold this investment for a period of time sufficient to allow for any anticipated recovery in market value. Next, the Company determines the length of time and the extent of the impairment. Barring other factors, including the downgrading of the security or the cessation of dividends, if the fair value of the security is below cost by less than 20% for less than 6 months and the Company has the intent and ability to hold the security, the security is deemed to not be other than temporarily impaired. Otherwise, the Company reviews additional information to determine whether the impairment is other than temporary. The Company discusses and analyzes any relevant information known about the security, such as:
		a.	Whether the decline is attributable to adverse conditions related to the security or to specific conditions in an industry or in a geographic area.
		b.	Any downgrading of the security by a rating agency.
		c.	Whether the financial condition of the issuer has deteriorated.
		d.	Status of dividends – Whether dividends have been reduced or eliminated, or scheduled interest payments have not been made.
		e.	Analysis of the underlying assets (including NAV analysis) using independent analysis or recent transactions.
	The Company normally holds REIT securities long term and has the ability and intent to hold securities to recovery. The Company generally limits its marketable securities investments to no more than approximately 15% of its undepreciated assets. If a decline in fair value is determined to be other than temporary, an impairment charge is recognized in earnings and the cost basis of the individual security is written down to fair value as the new cost basis.
Inventory of Manufactured Homes	Inventory of Manufactured Homes
	Inventory of manufactured homes is valued at the lower of cost or market value and is determined by the specific identification method. All inventory is considered finished goods.
Accounts and Notes Receivables	Accounts and Notes Receivables
	The Company’s accounts, notes and other receivables are stated at their outstanding balance reduced by an allowance for uncollectible accounts.  The Company evaluates the recoverability of its receivables whenever events occur or there are changes in circumstances such that management believes it is probable that it will be unable to collect all amounts due according to the contractual terms of the notes receivable or lease agreements.  The collectability of notes receivable is measured based on the present value of the expected future cash flow discounted at the notes receivable effective interest rate or the fair value of the collateral if the notes receivable is collateral dependent.  Total notes receivables at December 31, 2014 and 2013 was $20,761,642 and $23,630,159, respectively.  At December 31, 2014 and 2013, the reserves for uncollectible accounts, notes and other receivables were $1,068,465 and $1,097,387, respectively.  For the years ended December 31, 2014, 2013 and 2012, the provisions for uncollectible notes and other receivables were $1,020,655, $760,570 and $745,993, respectively.  Charge-offs and other adjustments related to repossessed homes for the years ended December 31, 2014, 2013 and 2012 amounted to $1,049,577, $601,178 and $620,519, respectively.
	The Company’s notes receivable primarily consists of installment loans collateralized by manufactured homes with principal and interest payable monthly. The average interest rate on these loans is approximately 9.5% and the average maturity is approximately 10 years.
Unamortized Financing Costs	Unamortized Financing Costs
	Costs incurred in connection with obtaining mortgages and other financings and refinancings are deferred and are amortized on a straight-line basis over the term of the related obligations, which is not materially different than the effective interest method. Unamortized costs are charged to expense upon prepayment of the obligation. As of December 31, 2014 and 2013, accumulated amortization amounted to $1,555,818 and $1,023,893, respectively. The Company estimates that aggregate amortization expense will be approximately $596,000 for 2015, $465,000 for 2016, $281,000 for 2017, $216,000 for 2018 and $205,000 for 2019.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities
	In the normal course of business, the Company is exposed to financial market risks, including interest rate risk on our variable rate debt.  We attempt to limit these risks by following established risk management policies, procedures and strategies, including the use of derivative financial instruments.  The Company's primary strategy in entering into derivative contracts is to minimize the variability that changes in interest rates could have on its future cash flows. The Company generally employs derivative instruments that effectively convert a portion of its variable rate debt to fixed rate debt. The Company does not enter into derivative instruments for speculative purposes. The Company had entered into various interest rate swap agreements that had the effect of fixing interest rates relative to specific mortgage loans.
	During 2012, the Company entered into two interest rate swap agreements that have the effect of fixing interest rates relative to specific mortgage loans as follows:
	Mortgage	Due Date	Mortgage	Effective	Balance
			Interest Rate	Fixed Rate	12/31/14
	Allentown/Clinton	2/1/17	LIBOR + 3.25%	4.39%	$10,486,045
	Various – 11 properties	8/1/17	LIBOR + 3.00%	3.89%	$12,177,725
	The Company's interest rate swap agreements are based upon 30-day LIBOR.  The re-pricing and scheduled maturity dates, payment dates, index and the notional amounts of the interest rate swap agreements coincide with those of the underlying mortgage. The interest rate swap agreements are net settled monthly. The Company has designated these derivatives as cash flow hedges and has recorded the fair value on the balance sheet in accordance with ASC 815, Derivatives and Hedging (See Note 13 for information on the determination of fair value).  The effective portion of the gain or loss on these hedges will be reported as a component of Accumulated Other Comprehensive Income in our Consolidated Balance Sheets. To the extent that the hedging relationships are not effective or do not qualify as cash flow hedges, the ineffective portion is recorded in interest expense. Hedges that received designated hedge accounting treatment are evaluated for effectiveness at the time that they are designated as well as through the hedging period. As of December 31, 2014, the Company has determined that these interest rate swap agreements are highly effective as cash flow hedges. As a result, the fair value of these derivatives of $(39,685) and $(39,840) as of December 31, 2014 and 2013, respectively, was recorded as a component of Accumulated Other Comprehensive Income, with the corresponding liability included in Accrued Liabilities and Deposits.
Revenue Recognition	Revenue Recognition
	The Company derives its income primarily from the rental of manufactured home sites. The Company also owns approximately 2,600 rental units which are rented to residents. Rental and related income is recognized on the accrual basis over the term of the lease, which is typically one year or less.
	Sale of manufactured homes is recognized on the full accrual basis when certain criteria are met. These criteria include the following: (a) initial and continuing payment by the buyer must be adequate: (b) the receivable, if any, is not subject to future subordination; (c) the benefits and risks of ownership are substantially transferred to the buyer; and (d) the Company does not have a substantial continued involvement with the home after the sale. Alternatively, when the foregoing criteria are not met, the Company recognizes gains by the installment method. Interest income on loans receivable is not accrued when, in the opinion of management, the collection of such interest appears doubtful.
Net Income (Loss) Per Share	Net Income (Loss) Per Share
	Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding during the period (22,496,103, 18,724,321 and 16,197,339 in 2014, 2013 and 2012, respectively). Diluted net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding plus the weighted-average number of net shares that would be issued upon exercise of stock options pursuant to the treasury stock method (22,539,708, 18,789,662 and 16,260,225 in 2014, 2013 and 2012, respectively) (See Note 6). The common stock equivalent resulting from options in the amount of 43,605, 65,341 and 62,886 for 2014, 2013 and 2012, respectively, are included in the diluted weighted average shares outstanding. As of December 31, 2014, 2013 and 2012, options to purchase 1,125,000, 502,000 and 586,000 shares, respectively, were antidilutive.
Stock Compensation Plan	Stock Compensation Plan
	The Company accounts for awards of stock options and restricted stock in accordance with ASC 718-10, Compensation-Stock Compensation. ASC 718-10 requires that compensation cost for all stock awards be calculated and amortized over the service period (generally equal to the vesting period). The compensation cost for stock option grants is determined using option pricing models, intended to estimate the fair value of the awards at the grant date less estimated forfeitures. The compensation expense for restricted stock is recognized based on the fair value of the restricted stock awards less estimated forfeitures.  The fair value of restricted stock awards is equal to the fair value of the Company’s stock on the grant date. Compensation costs, which is included in General and Administrative Expenses, of $922,944, $850,349 and $573,244 have been recognized in 2014, 2013 and 2012, respectively. During 2014, 2013 and 2012, compensation costs included a one-time charge of $98,000, $142,000, and $123,490, respectively, for stock option grants awarded to one participant who is of retirement age and therefore the entire amount of measured compensation cost has been recognized at grant date. Included in Note 6 to these consolidated financial statements are the assumptions and methodology used to calculate the fair value of stock options and restricted stock awards.
Income Tax	Income Tax
	The Company has elected to be taxed as a REIT under the applicable provisions of Sections 856 to 860 of the Internal Revenue Code.  Under such provisions, the Company will not be taxed on that portion of its income which is distributed to shareholders, provided it distributes at least 90% of its taxable income, has at least 75% of its assets in real estate investments and meets certain other requirements for qualification as a REIT.  The Company has and intends to continue to distribute all of its income currently, and therefore no provision has been made for income or excise taxes. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. The Company is also subject to certain state and local income, excise or franchise taxes. In addition, the Company has a taxable REIT Subsidiaries (TRS) which is subject to federal and state income taxes at regular corporate tax rates (See Note 11).
	The Company follows the provisions of ASC Topic 740, Income Taxes, that, among other things, defines a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition.   Based on its evaluation, the Company determined that it has no uncertain tax positions and no unrecognized tax benefits as of December 31, 2014.  The Company records interest and penalties relating to unrecognized tax benefits, if any, as interest expense.  As of December 31, 2014, the tax years 2011 through and including 2014 remain open to examination by the Internal Revenue Service.  There are currently no federal tax examinations in progress.
Comprehensive Income (Loss)	Comprehensive Income (Loss)
	Comprehensive income (loss) is comprised of net income and other comprehensive income (loss). Other comprehensive income (loss) consists of the change in unrealized gains or losses on securities available for sale and the change in the fair value of derivatives.
Reclassifications	Reclassifications
	Certain amounts in the consolidated financial statements for the prior years have been reclassified to conform to the financial statement presentation for the current year.
ASU 2013-02, Comprehensive Income [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. ASU No. 2014-08 changes the definition of a discontinued operation to include only those disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on an entity's operations and financial results. ASU No. 2014-08 is effective prospectively for fiscal years beginning after December 15, 2014, with earlier adoption permitted. The Company has decided to early adopt this standard effective with the interim period beginning January 1, 2014, and it did not have a material impact on our financial position, results of operations or cash flows.
	In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” as a new Topic, Accounting Standards Codification ("ASC") Topic 606. The objective of ASU 2014-09 is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most of the existing revenue recognition guidance, including industry-specific guidance. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In applying the new standard, companies will perform a five-step analysis of transactions to determine when and how revenue is recognized. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other topics in the FASB ASC. This ASU is effective for annual reporting periods (including interim periods within those periods) beginning after December 15, 2016 and shall be applied using either a full retrospective or modified retrospective approach. Early adoption is not permitted. The Company is currently evaluating the impact this standard may have on the consolidated financial statements and the method of adoption.
	Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying Consolidated Financial Statements.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2014
Summary of Significant Accounting Policies [Abstract]
Summary of interest rate swap agreement
	Mortgage	Due Date	Mortgage	Effective	Balance
			Interest Rate	Fixed Rate	12/31/14
	Allentown/Clinton	2/1/17	LIBOR + 3.25%	4.39%	$10,486,045
	Various – 11 properties	8/1/17	LIBOR + 3.00%	3.89%	$12,177,725

Investment_Property_and_Equipm1

Investment Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2014
Investment Property and Equipment [Abstract]
Summary of estimated fair value of the assets acquired
			Fair Value at Acquisition Date
			2014 Acquisitions		2013 Acquisitions
	Assets Acquired:
	Land		$4,810,300	$11,430,000
	Depreciable Property		37,674,248	76,781,000
	Other		65,452	59,000
	Total Assets Acquired		$42,550,000	$88,270,000
Summary of accumulated depreciation by major classes of assets		31-Dec-14		31-Dec-13
	Site and Land Improvements	$74,129,770		$64,292,239
	Buildings and Improvements	3,583,269		3,036,082
	Rental Homes and Accessories	12,706,873		9,107,422
	Equipment and Vehicles	9,102,268		8,219,274
	Total Accumulated Depreciation	$99,522,180		$84,655,017

Securities_Available_for_Sale_

Securities Available for Sale (Tables)	12 Months Ended
	Dec. 31, 2014
Securities Available For Sale [Abstract]
Summary of available-for-sale securities
				Interest	Number			Market
			Series	Rate	Of Shares		Cost	Value
	Equity Securities:
		Preferred Stock:
		Ashford Hospitality Trust, Inc.	A	8.55%	10,000		$   251,205	$   257,800
		Campus Crest Communities, Inc.	A	8.00%	30,000		751,222	766,500
		CBL & Associates Properties, Inc.	D	7.38%	2,000		50,269	50,400
		CBL & Associates Properties, Inc.	E	6.63%	65,000		1,543,385	1,632,800
		Cedar Realty Trust, Inc.	B	7.25%	50,905		1,215,497	1,337,789
		Chesapeake Lodging Trust	A	7.75%	20,000		500,000	526,000
		Corporate Office Properties Trust	L	7.38%	26,000		650,330	678,080
		CubeSmart	A	7.75%	2,000		52,153	53,952
		Digital Realty Trust, Inc.	F	6.63%	2,000		44,870	51,000
		Dupont Fabros Technology, Inc.	A	7.88%	26,412		657,703	672,336
		Dupont Fabros Technology, Inc.	B	7.63%	10,000		250,000	255,200
		EPR Properties	F	6.63%	20,000		472,680	504,000
		Equity LifeStyle Properties, Inc.	C	6.75%	2,000		46,885	52,400
				Interest	Number			Market
			Series	Rate	Of Shares		Cost	Value
		Glimcher Realty Trust	I	6.88%	39,738		964,267	1,017,690
		Kilroy Realty Corporation	G	6.88%	34,948		844,770	913,436
		Kilroy Realty Corporation	H	6.38%	10,000		235,486	250,000
		Kite Realty Group Trust	A	8.25%	50,000		1,227,138	1,304,000
		LaSalle Hotel Properties	H	7.50%	40,000		982,589	1,050,800
		Pennsylvania Real Estate Investment Trust	A	8.25%	94,000		2,350,885	2,467,500
		Pennsylvania Real Estate Investment Trust	B	7.38%	40,000		1,000,000	1,035,460
		Retail Properties of America, Inc.	A	7.00%	20,000		481,949	524,000
		Stag Industrial, Inc.	B	6.63%	20,100		470,007	516,110
		Summit Hotel Properties, Inc	B	7.88%	20,000		500,000	525,400
		Sun Communities, Inc.	A	7.12%	45,000		1,117,377	1,155,600
		Terreno Realty Corporation	A	7.75%	20,300		507,791	520,898
		Urstadt Biddle Properties, Inc.	F	7.12%	30,421		756,305	798,232
		Urstadt Biddle Properties, Inc.	G	6.75%	5,000		125,000	128,600
		Total Preferred Stock					$18,049,763	$19,045,983
		Common Stock:
		CBL & Associates Properties, Inc			60,000		$  1,108,384	$  1,165,200
		Getty Realty Corporation			130,000		2,457,219	2,367,300
		Gladstone Commercial Corporation			50,000		856,545	858,500
		Government Properties Income Trust			210,000		5,059,017	4,832,100
		Mack-Cali Realty Corporation			85,000		2,017,705	1,620,100
		Monmouth Real Estate Investment Corp. (1)			1,995,809		16,644,510	22,093,602
		Nobility Homes Inc.			20,000		158,200	215,000
		Parkway Properties Inc.			10,000		182,343	183,900
		Select Income REIT			373,473		9,981,576	9,116,476
		Senior Housing Properties Trust			20,000		474,337	442,200
		Urstadt Biddle Properties, Inc.			10,000		193,808	218,800
		Weingarten Realty Investors			40,000		1,292,633	1,396,800
		Total Common Stock					$40,426,277	$44,509,978
		Total Securities Available for Sale					$58,476,040	$63,555,961
	(1) Related entity – See Note 8.
	The following is a listing of securities available for sale at December 31, 2013:
				Interest	Number			Market
			Series	Rate	Of Shares		Cost	Value
	Equity Securities:
		Preferred Stock:
		Alexandria Real Estate Equities Inc.	E	6.45%	2,000		$    45,425	$    42,400
		American Land Lease Inc.	A	7.75%	31,200		275,297	756,600
		Ashford Hospitality Trust, Inc.	A	8.55%	10,000		251,205	252,490
		Campus Crest Communities, Inc.	A	8.00%	30,000		751,222	741,000
		CBL & Associates Properties, Inc.	D	7.38%	2,000		50,269	47,500
		CBL & Associates Properties, Inc.	E	6.63%	65,000		1,543,385	1,381,900
		Cedar Realty Trust, Inc.	B	7.25%	47,355		1,127,208	1,089,157
		Chesapeake Lodging Trust	A	7.75%	20,000		500,000	491,800
	Commonwealth Real Estate Securities	D	6.50%	74,000		1,660,828	1,517,740
	Corporate Office Properties Trust	L	7.38%	26,000		650,330	612,040
	CubeSmart	A	7.75%	2,000		52,153	50,300
	Digital Realty Trust Inc.	E	7.00%	4,000		100,000	86,840
	Digital Realty Trust Inc.	F	6.63%	2,000		44,870	41,160
	Dupont Fabros Technology, Inc.	A	7.88%	26,412		657,703	632,303
	Dupont Fabros Technology, Inc.	B	7.63%	20,000		500,000	455,400
	EPR Properties	F	6.63%	20,000		472,680	423,800
	Equity LifeStyle Properties, Inc.	C	6.75%	2,000		46,885	46,200
	General Growth Properties, Inc.	A	6.38%	10,000		250,000	201,500
	Glimcher Realty Trust	I	6.88%	39,738		964,267	858,341
	iStar Financial, Inc.	D	8.00%	26,600		636,609	635,447
	iStar Financial, Inc.	E	7.88%	38,342		851,903	896,819
	iStar Financial, Inc.	I	7.50%	59,600		1,325,647	1,363,648
	Kilroy Realty Corporation	G	6.88%	34,948		844,770	766,410
	Kilroy Realty Corporation	H	6.38%	10,000		235,486	205,700
	Kimco Realty Corporation	I	6.00%	2,000		43,026	41,740
	Kite Realty Group Trust	A	8.25%	50,000		1,227,138	1,262,500
	LaSalle Hotel Properties	H	7.50%	40,000		982,589	986,000
	LaSalle Hotel Properties	I	6.38%	6,000		124,984	121,080
	Lexington Realty Trust	C	6.50%	6,000		247,860	264,900
	Pebblebrook Hotel Trust	C	6.50%	19,000		400,742	387,062
	Pennsylvania Real Estate Investment Trust	A	8.25%	94,000		2,350,885	2,364,852
	Pennsylvania Real Estate Investment Trust	B	7.38%	40,000		1,000,000	949,200
	Retail Properties of America, Inc.	A	7.00%	20,000		481,949	421,600
	SL Green Realty Corporation	I	6.50%	20,000		460,169	426,200
	Stag Industrial, Inc.	A	9.00%	9,000		224,885	239,040
	Stag Industrial, Inc.	B	6.63%	20,100		470,007	418,683
	Summit Hotel Properties, Inc	B	7.88%	20,000		500,000	477,002
	Sun Communities, Inc.	A	7.12%	45,000		1,117,377	1,059,750
	Taubman Centers, Inc.	K	6.25%	11,000		228,009	218,932
	Terreno Realty Corporation	A	7.75%	20,300		507,791	497,350
	Urstadt Biddle Properties, Inc.	F	7.12%	30,421		756,305	700,596
	Vornado Realty Trust	D	7.88%	4,000		96,114	103,960
	Total Preferred Stock					$25,057,972	$24,536,942
	Common Stock:
	Getty Realty Corporation			100,000		$ 1,886,332	$ 1,837,000
	Gladstone Commercial Corporation			60,000		1,031,950	1,078,200
	Government Properties Income Trust			110,000		2,664,307	2,733,500
			Interest	Number			Market
		Series	Rate	Of Shares		Cost	Value
	Mack-Cali Realty Corporation			75,000		1,824,903	1,611,000
	Monmouth Real Estate Investment Corp. (1)			1,875,147		15,491,475	17,045,082
	Nobility Homes Inc.			20,000		158,200	180,200
	Parkway Properties Inc.			10,000		134,799	192,900
	Select Income REIT			340,973		8,976,023	9,117,618
	Urstadt Biddle Properties, Inc.			50,000		912,243	922,500
	Total Common Stock					$33,080,232	$34,718,000
	Total Securities Available for Sale					$58,138,204	$59,254,942
(1) Related entity – See Note 8.
Summary of temporarily impaired securities
		Less than 12 Months				12 Months or Longer
		Fair Value		Unrealized Loss			Fair Value	Unrealized Loss
	Preferred Stock	$ -0-		$ -0-			$ -0-	$ -0-
	Common Stock	16,758,076		-1,214,073			1,620,100	-397,605
	Total	$16,758,076		($1,214,073)			$1,620,100	($397,605)
Summary of range of losses	Number of
	Individual Securities
			Fair Value		Unrealized Loss		Range of Loss
	4		$16,758,076		($1,214,073)		Less than or equal to 10%
	1		1,620,100		-397,605		Less than or equal to 20%
	5		$18,378,176		($1,611,678)
Summary of gain (loss) on securities transactions
		2014		2013		2012
	Gross realized gains	$1,555,656		$4,284,934		$4,092,585
	Gross realized losses	-13,067		-229,122		-0-
	Gains on Sale of Securities Transactions, net	$1,542,589		$4,055,812		$4,092,585

Loans_and_Mortgages_Payable_Ta

Loans and Mortgages Payable (Tables)	12 Months Ended
	Dec. 31, 2014
Loans and Mortgages Payable [Abstract]
Aggregate principal payments of all loans payable including the credit facility	Year Ended December 31,
	2015	$     8,375,131
	2016	35,055,572
	2017	10,059,584
	2018	63,885
	2019	4,068,496
	Thereafter	19,816,562
	Total	$77,439,230
Summary of mortgages payable		At December 31, 2014		Balance at December 31,
	Property	Due Date	Interest Rate	2014	2013
	Allentown and Clinton Mobile Home Resort	2/1/17	LIBOR + 3.25%	$10,486,045	$10,799,401
	Cedarcrest	4/1/21	5.13%	8,966,785	9,124,838
	D & R Village and Waterfalls Village	2/27/15	LIBOR + 2.25%	6,803,625	7,089,610
	Fairview Manor	2/1/17	5.79%	10,139,450	10,345,239
	Heather Highlands	8/28/18	Prime + 1.0%	989,773	1,288,149
	Highland Estates	9/1/17	6.18%	9,408,128	9,578,574
	Oxford Village	1/1/20	5.94%	7,350,261	7,527,426
	Somerset Estates and Whispering Pines	2/26/19	4.89%	731,900	891,382
	Southwind Village	1/1/20	5.94%	5,871,176	6,012,690
	Suburban Estates and Sunny Acres	6/1/18	4.00%	6,417,395	6,711,306
	Summit Estates	5/1/16	12.75%	575,021	-0-
	Twin Oaks	12/1/19	5.75%	2,637,078	2,702,771
	Various (3 properties)	5/1/16	6.23%	8,221,043	-0-
	Various (4 properties)	7/1/23	4.98%	8,495,880	-0-
	Various (5 properties)	1/1/22	4.25%	14,679,583	14,964,116
	Various (5 properties)	12/6/22	4.75%	7,554,281	7,675,595
	Various (5 properties)	2/1/18	6.83%	9,083,178	-0-
	Various (11 properties)	8/1/17	LIBOR + 3.0%	12,177,725	12,909,520
	Various (13 properties)	3/1/23	4.06%	52,082,527	53,019,327
	Total Mortgages	Payable		$182,670,854	$160,639,944
Aggregate principal payments of all mortgages payable	Year Ended December 31,
	2015	$     11,476,760
	2016	13,294,102
	2017	42,609,986
	2018	16,524,653
	2019	16,061,179
	Thereafter	82,704,174
	Total	$182,670,854

Stock_Compensation_Plan_Tables

Stock Compensation Plan (Tables)	12 Months Ended
	Dec. 31, 2014
Stock Compensation Plan [Abstract]
Schedule of weighted-average assumptions used for stock options grants			2014		2013		2012
		Dividend yield	7.14%		6.67%		7.08%
		Expected volatility	27.12%		32.37%		26.19%
		Risk-free interest rate	2.23%		1.96%		1.11%
		Expected lives	8		8		8
		Estimated forfeitures	-0-		-0-		-0-
Schedule of stock option plans and changes in stock options		2014			2013			2012
			Weighted-			Weighted-			Weighted-
			Average			Average			Average
			Exercise			Exercise			Exercise
		Shares	Price		Shares	Price		Shares	Price
	Outstanding at
	beginning of year	1,093,000	$10.86		785,000	$11.71		750,000	$12.03
	Granted	339,000	9.85		392,000	10.08		94,000	11.29
	Exercised	-23,000	7.28		-0-	-0-		-4,000	7.56
	Expired	(108,000)	14.52		(84,000)	15.51		(55,000)	15.58
	Outstanding at end of
	year	1,301,000	10.34		1,093,000	10.86		785,000	11.71
	Options exercisable at
	end of year	962,000			701,000			691,000
	Weighted-average fair
	value of options
	granted during the year		$0.98			$1.42			$0.92
Summary of stock options outstanding		Number of Employees	Number of Shares			Expiration Date
	Date of Grant				Option Price
	1/3/07	1	44,200		15.51	1/3/15
	1/3/07	1	5,800		17.06	1/3/15
	7/16/07	12	51,000		14.21	7/16/15
	9/20/07	2	7,000		13.19	9/20/15
	1/8/08	1	42,300		11.79	1/8/16
	1/8/08	1	7,700		12.97	1/8/16
	9/25/08	11	33,000		7.55	9/25/16
	1/7/09	1	14,000		7.12	1/7/17
	1/7/09	1	61,000		6.47	1/7/17
	6/22/09	12	43,000		7.57	6/22/17
	1/8/10	1	10,900		9.13	1/8/18
	1/8/10	1	14,100		8.3	1/8/18
	7/27/10	12	80,000		11.4	7/27/18
	7/5/11	11	74,000		11.16	7/5/19
	8/29/12	14	88,000		11.29	8/29/20
	2/28/13	1	10,000		10.02	2/28/21
	6/26/13	23	376,000		10.08	6/26/21
	6/11/14	25	339,000	*	9.85	6/11/22
			1,301,000
	* Unexercisable
Schedule of nonvested restricted stock awards		2014		2013		2012
			Weighted-		Weighted-		Weighted-
			Average		Average		Average
			Grant Date		Grant Date		Grant Date
		Shares	Fair Value	Shares	Fair Value	Shares	Fair Value
	Non-vested at
	beginning of year	152,292	$10.77	187,470	$10.90	130,974	$11.14
	Granted	25,000	9.31	-0-	-0-	75,000	10.72
	Dividend Reinvested Shares	12,194	9.22	12,992	9.33	11,470	9.9
	Vested	-52,140	-10.77	-48,170	-10.9	-29,974	-11.1
		137,346	$10.37	152,292	$10.77	187,470	$10.90
	Non-vested at end of year

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2014
Shareholders' Equity [Abstract]
Shedule of shares issued in connection with DRIP		2014	2013	2012
	Amounts Received	$34,650,730	$37,054,626	$19,448,937
	Less:  Dividends Reinvested	1,858,491	1,861,987	1,390,899
	Amounts Received, net	$32,792,239	$35,192,639	$18,058,038
	Number of Shares Issued	3,554,191	3,658,010	1,780,043

Distributions_Tables

Distributions (Tables)	12 Months Ended
	Dec. 31, 2014
Distributions [Abstract]
Summary of payment of distributions to shareholders			2014				2013			2012
	Quarter Ended	Amount		Per Share		Amount		Per Share	Amount		Per Share
	31-Mar	$3,853,595		$0.18		$3,155,607		$0.18	$2,809,868		$0.18
	30-Jun	3,991,110		0.18		3,294,938		0.18	2,902,806		0.18
	30-Sep	4,125,060		0.18		3,456,304		0.18	2,954,616		0.18
	31-Dec	4,316,063		0.18		3,656,622		0.18	3,062,506		0.18
		$16,285,828		$0.72		$13,563,471		$0.72	$11,729,796		$0.72
Summary of payment of dividends to preferred shareholders
	Declaration Date	Record Date	Payment Date	Dividend	Dividend per Share
	1/15/14	2/18/14	3/17/14	$1,889,147	$0.52
	4/1/14	5/15/14	6/16/14	1,889,147	0.515625
	7/1/14	8/15/14	9/15/14	1,889,147	0.515625
	10/1/14	11/17/14	12/15/14	1,889,147	0.515625
				$7,556,588	$2.06
	Declaration Date	Record Date	Payment Date	Dividend	Dividend per Share
	1/16/13	2/15/13	3/15/13	$1,889,147	$0.52
	4/8/13	5/15/13	6/17/13	1,889,147	0.515625
	7/1/13	8/15/13	9/16/13	1,889,147	0.515625
	10/1/13	11/15/13	12/16/13	1,889,147	0.515625
				$7,556,588	$2.06
	Declaration Date	Record Date	Payment Date	Dividend	Dividend per Share
	1/18/12	2/15/12	3/15/12	$690,319	$0.52
	4/17/12	5/15/12	6/15/12	930,716	0.515625
	7/9/12	8/15/12	9/17/12	1,244,616	0.515625
	10/1/12	11/15/12	12/17/12	1459,458	0.515625
				$4,325,109	$2.06

Federal_Income_Taxes_Tables

Federal Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Federal Income Taxes [Abstract]
Reconciliation of U.S. GAAP net income to taxable income			2014
			Estimate		2013		2012
			(unaudited)		Actual		Actual
	U.S. GAAP net income	$	4,237,803	$	5,836,823	$	6,474,057
	Add:  U.S. GAAP net loss of taxable REIT subsidiary included above		3,946,571		2,746,526		3,081,837
	U.S. GAAP net income from REIT operations		8,184,374		8,583,349		9,555,894
	Stock compensation expense		922,944		850,349		573,244
	Acquisition costs and other book / tax		-1,238,794		351,413		-344,027
	differences, net
	Taxable income before adjustments		7,868,524		9,785,111		9,785,111
	Less:  Capital gains		-1,514,518		-3,630,548		-4,146,773
	Adjusted taxable income subject to 90% dividend requirement		6,354,006		6,154,563		5,638,338
		$		$		$
Reconciliation between cash dividends paid and dividends paid deduction			2014		2013
			Estimate		Actual		2012
			(unaudited)				Actual
	Cash dividends paid	$	23,842,416	$	21,120,059	$	16,798,495
	Less:  Portion designated as capital gains distributions		-1,514,518		-3,630,548		-4,146,773
	Less: Return of capital		-15,973,892		-11,334,948		-7,013,384
			6,354,006		6,154,563		5,638,338
	Dividends paid deduction	$		$		$
Characterization of distributions paid per share				2014						2013				2012
			Amount			Percent			Amount		Percent		Amount		Percent
	Ordinary income	$	0.01114			1.55%		$	0.12844		17.84%	$	0.07892		10.96%
	Capital gains		0.00265			0.37%			0.05835		8.10%		0.08391		11.65%
	Return of capital		0.70621			98.08%			0.53321		74.06%		0.55717		77.39%
	$	0.72		100%		$	0.72		100%	$	0.72		100%

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Value Measurements [Abstract]
Summary of financial assets and liabilities measured at fair value on a recurring basis		Fair Value Measurements at Reporting Date Using
		Total		Quoted Prices	Significant Other Observable Inputs       (Level 2)	Significant Unobservable Inputs
				in Active		(Level 3)
				Markets for
				Identical
				Assets
				(Level 1)
	December 31, 2014:
	Equity Securities - Preferred Stock	$19,045,983		$19,045,983	$-0-	$-0-
	Equity Securities - Common Stock	44,509,978		44,509,978	-0-	-0-
	Interest Rate Swap (1)	-39,685		-0-	-39,685	-0-
	Total	$63,516,276		$63,555,961	($39,685)	$-0-
	December 31, 2013:
	Equity Securities - Preferred Stock	$24,536,942		$24,536,942	$-0-	$-0-
	Equity Securities - Common Stock	34,718,000		34,718,000	-0-	-0-
	Interest Rate Swap (1)	-39,840		-0-	-39,840	-0-
	Total	$59,215,102		$59,254,942	($39,840)	$-0-
		-1	Included in accrued liabilities and deposits

Pro_Forma_Financial_Informatio1

Pro Forma Financial Information (Tables)	12 Months Ended
	Dec. 31, 2014
Pro Forma Financial Information (Unaudited) [Abstract]
Pro Forma financial information		For the years ended December 31,
		2014	2013
	Rental and Related Income	$65,503,000	$61,715,000
	Community Operating Expenses	34,882,000	35,079,000
	Net Loss Attributable to Common Shareholders	(4,223,000)	-4,603,000
	Net Loss Attributable to Common Shareholders per Share:
	Basic	(0.19)	(0.25)
	Diluted	(0.19)	(0.24)

Selected_Quarterly_Financial_D1

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2014
Selected Quarterly Financial Data (Unaudited) [Abstract]
Summary of selected quarterly financial data
	2014	31-Mar	30-Jun	30-Sep	31-Dec
	Total Income	$15,849,181	$18,148,732	$18,554,782	$18,879,238
	Total Expenses	15,101,441	16,489,825	16,777,494	16,152,398
	Other Income (Expense)	-156,907	-228,377	-1,121,174	-1,173,827
	Net Income	568,189	1,476,725	629,271	1,563,618
	Net Income (Loss) Attributable
	to Common Shareholders	-1,320,958	-412,422	-1,259,876	-325,529
	Net Income (Loss) Attributable to Common Shareholders per Share –
	Basic	-0.06	-0.02	-0.06	-0.01
	Diluted	-0.06	-0.02	-0.06	-0.01
	2013	31-Mar	30-Jun	30-Sep	31-Dec
	Total Income	$13,426,295	$16,097,925	$16,253,966	$16,426,921
	Total Expenses	12,240,957	14,196,653	14,935,457	16,636,587
	Other Income (Expense)	2,977,034	-229,785	-600,121	-524,561
	Net Income	4,149,511	1,619,439	800,877	-733,004
	Net Income (Loss) Attributable
	to Common Shareholders	2,260,364	-269,708	-1,088,270	-2,622,151
	Net Income (Loss) Attributable to Common Shareholders per Share –
	Basic	0.13	-0.02	-0.06	-0.14
	Diluted	0.13	-0.02	-0.06	-0.14

Organization_Details

Organization (Details)	12 Months Ended
	Dec. 31, 2014
Organization (Textual)
Portfolio of gross assets	The Company also owns a portfolio of REIT securities which the Company generally limits to no more than approximately 15% of its undepreciated assets.

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
Swap Agreements One [Member]
Summary of interest rate swap agreement
Mortgage	Allentown/Clinton
Due Date	1-Feb-17
Mortgage Interest Rate	LIBOR + 3.25
Effective Fixed Rate	4.39%
Balance 12/31/14	$10,486,045
Swap Agreements Two [Member]
Summary of interest rate swap agreement
Mortgage	Various 11 properties
Due Date	1-Aug-17
Mortgage Interest Rate	LIBOR + 3.00
Effective Fixed Rate	3.89%
Balance 12/31/14	$12,177,725

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	Home_Site
	Rental_Unit
Summary of Significant Accounting Policies (Textual)
Number of manufactured home communities company own and operates	88
Number of developed home sites company own and operates	15,000
Ownership percentage in subsidiaries	100.00%
Marketable securities investments, Description	The Company generally limits its marketable securities investments to no more than approximately 15% of its undepreciated assets.
Description of other than temporary impairment security	If the fair value of the security is below cost by less than 20% for less than 6 months and the Company has the intent and ability to hold the security, the security is deemed to not be other than temporarily impaired.
Note receivables	$20,761,642	$23,630,159
Reserves for uncollectible accounts, notes and other receivables	1,068,465	1,097,387
Provisions for uncollectible notes and other receivables	1,020,655	760,570	745,993
Charge-offs and other adjustments related to repossessed homes	1,049,577	601,178	620,519
Average interest rate on loan	9.50%
Average maturity of loan	10 years
Accumulated amortization of deferred finance cost	1,555,818	1,023,893
Estimated amortization expense of finance cost for 2015	596,000
Estimated amortization expense of finance cost for 2016	465,000
Estimated amortization expense of finance cost for 2017	281,000
Estimated amortization expense of finance cost for 2018	216,000
Estimated amortization expense of finance cost for 2019	205,000
Number of rental units owned	2,600
Rental and related income recognition	Rental and related income is recognized on the accrual basis over the term of the lease, which is typically one year or less.
Weighted-average number of common shares outstanding, basic	22,496,103	18,724,321	16,197,339
Weighted-average number of common shares outstanding, diluted	22,539,708	18,789,662	16,260,225
Compensation costs	922,944	850,349	573,244
Description for applicable income tax provisions	The Company has elected to be taxed as a REIT under the applicable provisions of Sections 856 to 860 of the Internal Revenue Code. Under such provisions, the Company will not be taxed on that portion of its income which is distributed to shareholders, provided it distributes at least 90% of its taxable income, has at least 75% of its assets in real estate investments and meets certain other requirements for qualification as a REIT.
Uncertain tax positions	0
Unrecognized tax benefits	0
Swap [Member]
Summary of Significant Accounting Policies (Textual)
Number of interest rate swap agreements	2
Fair value of interest rate swaps	-39,685	-39,840
Interest rate swap, description of variable rate basis	30-day LIBOR
Option [Member]
Summary of Significant Accounting Policies (Textual)
Antidilutive securities	1,125,000	502,000	586,000
Weighted-average number of common shares outstanding, diluted	43,605	65,341	62,886
Compensation costs	$98,000	$142,000	$123,490
Sites and Building [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Textual)
Investment Property and Equipment, estimated useful lives	27 years 6 months
Sites and Building [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Textual)
Investment Property and Equipment, estimated useful lives	15 years
Improvements to Sites and Buildings, Rental Homes and Equipment and Vehicles [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Textual)
Investment Property and Equipment, estimated useful lives	27 years 6 months
Improvements to Sites and Buildings, Rental Homes and Equipment and Vehicles [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Textual)
Investment Property and Equipment, estimated useful lives	3 years

Investment_Property_and_Equipm2

Investment Property and Equipment (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Assets Acquired:
Land	$4,810,300	$11,430,000
Depreciable Property	37,674,248	76,781,000
Other	65,452	59,000
Total Assets Acquired	$42,550,000	$88,270,000

Investment_Property_and_Equipm3

Investment Property and Equipment (Details 1) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Summary of accumulated depreciation by major classes of assets
Total Accumulated Depreciation	$99,522,180	$84,655,017
Site and Land Improvements [Member]
Summary of accumulated depreciation by major classes of assets
Total Accumulated Depreciation	74,129,770	64,292,239
Buildings and Improvements [Member]
Summary of accumulated depreciation by major classes of assets
Total Accumulated Depreciation	3,583,269	3,036,082
Rental Homes and Accessories [Member]
Summary of accumulated depreciation by major classes of assets
Total Accumulated Depreciation	12,706,873	9,107,422
Equipment and Vehicles [Member]
Summary of accumulated depreciation by major classes of assets
Total Accumulated Depreciation	$9,102,268	$8,219,274

Investment_Property_and_Equipm4

Investment Property and Equipment (Details Textual) (USD $)	0 Months Ended	1 Months Ended	0 Months Ended
	23-May-12	Jul. 28, 2014	Mar. 13, 2014	Jul. 14, 2014	Nov. 06, 2013	Mar. 01, 2013	Apr. 02, 2013	Oct. 01, 2013	Dec. 31, 2014	Dec. 31, 2013
		acre	Home_Site	Home_Site	acre	acre	acre	acre	Home_Site
		Home_Site	acre	acre	Home_Community	Home_Community	Home_Site	Home_Site
		Home_Community	Home_Community	Home_Community	Home_Site	Home_Site
Investment Property and Equipment (Textual)
Number of manufactured home communities acquired			8	4	5	10
Number of developed home sites company own and operates									15,000
Mortgage loan			$18,100,000	$8,600,000					$182,670,854	$160,639,944
Royalty received from oil and gas, percentage	20.00%
Proceeds from lease signing with Oil and Gas community	499,471
Option to extend lease term	5 years
Lease term	5 years
Ohio Manufactured Home Communities [Member]
Investment Property and Equipment (Textual)
Number of manufactured home communities acquired		2	8
Area of acquired real estate property (in acres)		39	270
Purchase price of acquired entity		5,400,000	24,950,000
Percentage of average occupancy		91.00%	70.00%
Mortgage loan		5,000,000	18,100,000
Total communities sites		258	1,018
Pennsylvania Manufactured Home Communities [Member]
Investment Property and Equipment (Textual)
Number of manufactured home communities acquired				4
Area of acquired real estate property (in acres)				239
Purchase price of acquired entity				12,200,000
Percentage of average occupancy				84.00%
Mortgage loan				8,600,000
Total communities sites				336
Manufactured Home Community [Member]
Investment Property and Equipment (Textual)
Number of manufactured home communities acquired		2			5	10
Number of developed home sites company own and operates					519	1,854
Area of acquired real estate property (in acres)					200	400
Purchase price of acquired entity					11,800,000	67,500,000
Percentage of average occupancy					82.00%	85.00%
Mortgage loan					7,700,000	53,760,000
Manufactured Home Community [Member] | Indiana [Member]
Investment Property and Equipment (Textual)
Number of manufactured home communities acquired						5
Manufactured Home Community [Member] | Pennsylvania [Member]
Investment Property and Equipment (Textual)
Number of manufactured home communities acquired						4
Manufactured Home Community [Member] | Michigan [Member]
Investment Property and Equipment (Textual)
Number of manufactured home communities acquired						1
Manufactured Home Community [Member] | Ohio [Member]
Investment Property and Equipment (Textual)
Number of manufactured home communities acquired					4
Manufactured Home Community [Member] | New York [Member]
Investment Property and Equipment (Textual)
Number of manufactured home communities acquired					1
Holiday Mobile Village [Member]
Investment Property and Equipment (Textual)
Number of developed home sites company own and operates							274
Area of acquired real estate property (in acres)							68
Purchase price of acquired entity							7,250,000
Percentage of average occupancy							82.00%
Rolling Hills Estates [Member]
Investment Property and Equipment (Textual)
Number of developed home sites company own and operates								91
Area of acquired real estate property (in acres)								32
Purchase price of acquired entity								$1,720,000
Percentage of average occupancy								91.00%

Securities_Available_for_Sale_1

Securities Available for Sale (Details) (USD $)	Dec. 31, 2014		Dec. 31, 2013
Summary of listing of securities available for sale
Cost	$58,476,040		$58,138,204
Market Value	63,555,961		59,254,942
Preferred Stock [Member]
Summary of listing of securities available for sale
Cost	18,049,763		25,057,972
Market Value	19,045,983		24,536,942
Alexandria Real Estate Stock Series E [Member]
Summary of listing of securities available for sale
Interest Rate			6.45%
Number of Shares			2,000
Cost			45,425
Market Value			42,400
American Land Lease Inc Preferred Stock Series A [Member]
Summary of listing of securities available for sale
Interest Rate			7.75%
Number of Shares			31,200
Cost			275,297
Market Value			756,600
Ashford Hospitality Trust Preferred Stock Series A [Member]
Summary of listing of securities available for sale
Interest Rate	8.55%		8.55%
Number of Shares	10,000		10,000
Cost	251,205		251,205
Market Value	257,800		252,490
Campus Crest Preferred Stock Series A [Member]
Summary of listing of securities available for sale
Interest Rate	8.00%		8.00%
Number of Shares	30,000		30,000
Cost	751,222		751,222
Market Value	766,500		741,000
CBL & Associates Properties Preferred Stock Series D [Member]
Summary of listing of securities available for sale
Interest Rate	7.38%		7.38%
Number of Shares	2,000		2,000
Cost	50,269		50,269
Market Value	50,400		47,500
Cedar Realty Trust Inc. Preferred Stock B [Member]
Summary of listing of securities available for sale
Interest Rate	7.25%		7.25%
Number of Shares	50,905		47,355
Cost	1,215,497		1,127,208
Market Value	1,337,789		1,089,157
Chesapeake Lodging Preferred Stock A [Member]
Summary of listing of securities available for sale
Interest Rate	7.75%		7.75%
Number of Shares	20,000		20,000
Cost	500,000		500,000
Market Value	526,000		491,800
Commonwealth REIT Preferred Stock Series D [Member]
Summary of listing of securities available for sale
Interest Rate			6.50%
Number of Shares			74,000
Cost			1,660,828
Market Value			1,517,740
Corporate Office Properties Trust Preferred Stock L [Member]
Summary of listing of securities available for sale
Interest Rate	7.38%		7.38%
Number of Shares	26,000		26,000
Cost	650,330		650,330
Market Value	678,080		612,040
Cubesmart Preferred Stock Series A [Member]
Summary of listing of securities available for sale
Interest Rate	7.75%		7.75%
Number of Shares	2,000		2,000
Cost	52,153		52,153
Market Value	53,952		50,300
Digital Realty Trust Inc. Preferred Stock Series E [Member]
Summary of listing of securities available for sale
Interest Rate			7.00%
Number of Shares			4,000
Cost			100,000
Market Value			86,840
Digital Realty Trust Inc Preferred Stock Series F [Member]
Summary of listing of securities available for sale
Interest Rate	6.63%		6.63%
Number of Shares	2,000		2,000
Cost	44,870		44,870
Market Value	51,000		41,160
Dupont Fabros Technology, Inc. Preferred Stock Series A [Member]
Summary of listing of securities available for sale
Interest Rate	7.88%		7.88%
Number of Shares	26,412		26,412
Cost	657,703		657,703
Market Value	672,336		632,303
Dupont Fabros Technology Inc. Preferred Stock Series B [Member]
Summary of listing of securities available for sale
Interest Rate	7.63%		7.63%
Number of Shares	10,000		20,000
Cost	250,000		500,000
Market Value	255,200		455,400
EPR Properties Preferred Stock Series F [Member]
Summary of listing of securities available for sale
Interest Rate	6.63%		6.63%
Number of Shares	20,000		20,000
Cost	472,680		472,680
Market Value	504,000		423,800
General Growth Properties Preferred Stock Series A [Member]
Summary of listing of securities available for sale
Interest Rate			6.38%
Number of Shares			10,000
Cost			250,000
Market Value			201,500
Glimcher Realty Preferred Stock Series I [Member]
Summary of listing of securities available for sale
Interest Rate	6.88%		6.88%
Number of Shares	39,738		39,738
Cost	964,267		964,267
Market Value	1,017,690		858,341
Istar Financial Inc. Preferred Stock Series D [Member]
Summary of listing of securities available for sale
Interest Rate			8.00%
Number of Shares			26,600
Cost			636,609
Market Value			635,447
Istar Financial Inc. Preferred Stock Series E [Member]
Summary of listing of securities available for sale
Interest Rate			7.88%
Number of Shares			38,342
Cost			851,903
Market Value			896,819
Istar Financial Inc. Preferred Stock Series I [Member]
Summary of listing of securities available for sale
Interest Rate			7.50%
Number of Shares			59,600
Cost			1,325,647
Market Value			1,363,648
Kilroy Realty Corp Preferred Stock Series G [Member]
Summary of listing of securities available for sale
Interest Rate	6.88%		6.88%
Number of Shares	34,948		34,948
Cost	844,770		844,770
Market Value	913,436		766,410
Kilroy Realty Corp Preferred Stock Series H [Member]
Summary of listing of securities available for sale
Interest Rate	6.38%		6.38%
Number of Shares	10,000		10,000
Cost	235,486		235,486
Market Value	250,000		205,700
Kimco Realty Preferred Stock Series I [Member]
Summary of listing of securities available for sale
Interest Rate			6.00%
Number of Shares			2,000
Cost			43,026
Market Value			41,740
Kite Realty Group Trust Preferred Stock Series A [Member]
Summary of listing of securities available for sale
Interest Rate	8.25%		8.25%
Number of Shares	50,000		50,000
Cost	1,227,138		1,227,138
Market Value	1,304,000		1,262,500
LaSalle Hotel Properties Preferred Stock Series H [Member]
Summary of listing of securities available for sale
Interest Rate	7.50%		7.50%
Number of Shares	40,000		40,000
Cost	982,589		982,589
Market Value	1,050,800		986,000
Pebblebrook Hotel Preferred Stock Series C [Member]
Summary of listing of securities available for sale
Interest Rate			6.50%
Number of Shares			19,000
Cost			400,742
Market Value			387,062
Pennsylvania Real Estate Trust Preferred Stock Series A [Member]
Summary of listing of securities available for sale
Interest Rate	8.25%		8.25%
Number of Shares	94,000		94,000
Cost	2,350,885		2,350,885
Market Value	2,467,500		2,364,852
Lexington Realty Trust Preferred Stock Series C [Member]
Summary of listing of securities available for sale
Interest Rate			6.50%
Number of Shares			6,000
Cost			247,860
Market Value			264,900
Pennsylvania Real Estate Trust Preferred Stock Series B [Member]
Summary of listing of securities available for sale
Interest Rate	7.38%		7.38%
Number of Shares	40,000		40,000
Cost	1,000,000		1,000,000
Market Value	1,035,460		949,200
Retail Properties of America Preferred Stock Series A [Member]
Summary of listing of securities available for sale
Interest Rate	7.00%		7.00%
Number of Shares	20,000		20,000
Cost	481,949		481,949
Market Value	524,000		421,600
SL Green Realty Corpl Preferred Stock Series I [Member]
Summary of listing of securities available for sale
Interest Rate			6.50%
Number of Shares			20,000
Cost			460,169
Market Value			426,200
Stag Industrial, Inc. Preferred Stock Series A [Member]
Summary of listing of securities available for sale
Interest Rate			9.00%
Number of Shares			9,000
Cost			224,885
Market Value			239,040
Stag Industrial Inc Preferred Stock Series B [Member]
Summary of listing of securities available for sale
Interest Rate	6.63%		6.63%
Number of Shares	20,100		20,100
Cost	470,007		470,007
Market Value	516,110		418,683
Summit Hotel Properties, Inc. Preferred Stock Series B [Member]
Summary of listing of securities available for sale
Interest Rate	7.88%		7.88%
Number of Shares	20,000		20,000
Cost	500,000		500,000
Market Value	525,400		477,002
Sun Communities Inc. Preferred Stock Series A [Member]
Summary of listing of securities available for sale
Interest Rate	7.13%		7.13%
Number of Shares	45,000		45,000
Cost	1,117,377		1,117,377
Market Value	1,155,600		1,059,750
Terreno Realty Corporation Preferred Stock Series A [Member]
Summary of listing of securities available for sale
Interest Rate	7.75%		7.75%
Number of Shares	20,300		20,300
Cost	507,791		507,791
Market Value	520,898		497,350
Urstadt Biddle Preferred Stock Series F [Member]
Summary of listing of securities available for sale
Interest Rate	7.13%		7.13%
Number of Shares	30,421		30,421
Cost	756,305		756,305
Market Value	798,232		700,596
Vornado Realty Trust Preferred Stock Series D [Member]
Summary of listing of securities available for sale
Interest Rate			7.88%
Number of Shares			4,000
Cost			96,114
Market Value			103,960
Cbl And Associates Properties Preferred Stock Series E [Member]
Summary of listing of securities available for sale
Interest Rate	6.63%		6.63%
Number of Shares	65,000		65,000
Cost	1,543,385		1,543,385
Market Value	1,632,800		1,381,900
Equity Lifestyle Properties Preferred Stock Series C [Member]
Summary of listing of securities available for sale
Interest Rate	6.75%		6.75%
Number of Shares	2,000		2,000
Cost	46,885		46,885
Market Value	52,400		46,200
Lasalle Hotel Properties Preferred Stocks Series I [Member]
Summary of listing of securities available for sale
Interest Rate			6.38%
Number of Shares			6,000
Cost			124,984
Market Value			121,080
Taubman Centers Preferred Stock Series K [Member]
Summary of listing of securities available for sale
Interest Rate			6.25%
Number of Shares			11,000
Cost			228,009
Market Value			218,932
Urstadt Biddle Preferred Stock Series G [Member]
Summary of listing of securities available for sale
Interest Rate	6.75%
Number of Shares	5,000
Cost	125,000
Market Value	128,600
Common Stock [Member]
Summary of listing of securities available for sale
Cost	40,426,277		33,080,232
Market Value	44,509,978		34,718,000
CBL & Associates Properties, Inc [Member]
Summary of listing of securities available for sale
Number of Shares	60,000
Cost	1,108,384
Market Value	1,165,200
Getty Realty Corp. Common Stock [Member]
Summary of listing of securities available for sale
Number of Shares	130,000		100,000
Cost	2,457,219		1,886,332
Market Value	2,367,300		1,837,000
Gladstone Commercial Corporation Common Stock [Member]
Summary of listing of securities available for sale
Number of Shares	50,000		60,000
Cost	856,545		1,031,950
Market Value	858,500		1,078,200
Government Properties Income Trust Common Stock [Member]
Summary of listing of securities available for sale
Number of Shares	210,000		110,000
Cost	5,059,017		2,664,307
Market Value	4,832,100		2,733,500
Mack Cali Realty Group Common Stock [Member]
Summary of listing of securities available for sale
Number of Shares	85,000		75,000
Cost	2,017,705		1,824,903
Market Value	1,620,100		1,611,000
Monmouth Real Estate Investment Corporation Common Stock [Member]
Summary of listing of securities available for sale
Number of Shares	1,995,809	[1]	1,875,147	[1]
Cost	16,644,510	[1]	15,491,475	[1]
Market Value	22,093,602	[1]	17,045,082	[1]
Nobility Homes, Inc. Common Stock [Member]
Summary of listing of securities available for sale
Number of Shares	20,000		20,000
Cost	158,200		158,200
Market Value	215,000		180,200
Parkway Properties Inc. Common Stock [Member]
Summary of listing of securities available for sale
Number of Shares	10,000		10,000
Cost	182,343		134,799
Market Value	183,900		192,900
Select Income Real Estate Investment Trust Common Stock [Member]
Summary of listing of securities available for sale
Number of Shares	373,473		340,973
Cost	9,981,576		8,976,023
Market Value	9,116,476		9,117,618
Senior Housing Properties Trust Common Stock [Member]
Summary of listing of securities available for sale
Number of Shares	20,000
Cost	474,337
Market Value	442,200
Urstadt Biddle Properties Incorporated Common Stock [Member]
Summary of listing of securities available for sale
Number of Shares	10,000		50,000
Cost	193,808		912,243
Market Value	218,800		922,500
Weingarten Realty Investors Common Stock [Member]
Summary of listing of securities available for sale
Number of Shares	40,000
Cost	1,292,633
Market Value	$1,396,800
[1]	Related entity See Note 8.

Securities_Available_for_Sale_2

Securities Available for Sale (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014
Summary of temporarily impaired securities
Less Than 12 Months, Fair Value	$16,758,076
Less Than 12 Months, Unrealized Loss	-1,214,073
12 Months or Longer, Fair Value	1,620,100
12 Months or Longer, Unrealized Loss	-397,605
Preferred Stock [Member]
Summary of temporarily impaired securities
Less Than 12 Months, Fair Value	0
Less Than 12 Months, Unrealized Loss	0
12 Months or Longer, Fair Value	0
12 Months or Longer, Unrealized Loss	0
Common Stock [Member]
Summary of temporarily impaired securities
Less Than 12 Months, Fair Value	16,758,076
Less Than 12 Months, Unrealized Loss	-1,214,073
12 Months or Longer, Fair Value	1,620,100
12 Months or Longer, Unrealized Loss	($397,605)

Securities_Available_for_Sale_3

Securities Available for Sale (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
	Security
Summary of the range of the losses
Number of Individual Securities	5
Fair Value	$18,378,176
Unrealized Loss	-1,611,678
Security group one [Member]
Summary of the range of the losses
Number of Individual Securities	4
Fair Value	16,758,076
Unrealized Loss	-1,214,073
Range of Loss	Less than or equal to 10
Security group two [Member]
Summary of the range of the losses
Number of Individual Securities	1
Fair Value	1,620,100
Unrealized Loss	($397,605)
Range of Loss	Less than or equal to 20

Securities_Available_for_Sale_4

Securities Available for Sale (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary of gain (Loss) on securities transactions
Gross realized gains	$1,555,656	$4,284,934	$4,092,585
Gross realized losses	-13,067	-229,122	0
Gains on Sale of Securities Transactions, net	$1,542,589	$4,055,812	$4,092,585

Securities_Available_for_Sale_5

Securities Available for Sale (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	Security
Securities Available for Sale (Textual)
Maximum percentage of available for sale securities not held by company	10.00%
Number of securities that had unrealized losses	5
Total net unrealized gains in REIT securities portfolio	$5,079,921	$1,116,738	$6,613,956
Proceeds from sales or redemptions of securities available for sale	10,911,791	18,981,468	16,159,984
Margin loan, outstanding	$19,392,382	$18,574,228

Loans_and_Mortgages_Payable_De

Loans and Mortgages Payable (Details) (Credit Facility [Member], USD $)	Dec. 31, 2014
Credit Facility [Member]
Aggregate principal payments of all loans payable, including the Credit Facility
2015	$8,375,131
2016	35,055,572
2017	10,059,584
2018	63,885
2019	4,068,496
Thereafter	19,816,562
Total	$77,439,230

Loans_and_Mortgages_Payable_De1

Loans and Mortgages Payable (Details 1) (USD $)	0 Months Ended	12 Months Ended	1 Months Ended	12 Months Ended
	Nov. 06, 2013	Dec. 31, 2014	Feb. 27, 2013	Dec. 31, 2013	Jul. 14, 2014	Mar. 13, 2014
Summary of mortgages payable
Due Date of mortgage	6-Dec-22
Interest rate on mortgage					4.98%	6.74%
Total mortgage loan		$182,670,854		$160,639,944	$8,600,000	$18,100,000
Allentown and Clinton Mobile Home Resort [Member]
Summary of mortgages payable
Due Date of mortgage		1-Feb-17
Variable rate on mortgage		LIBOR + 3.25
Total mortgage loan		10,486,045		10,799,401
Cedarcrest [Member]
Summary of mortgages payable
Due Date of mortgage		1-Apr-21
Interest rate on mortgage		5.13%
Total mortgage loan		8,966,785		9,124,838
D and R Village and Waterfalls Village [Member]
Summary of mortgages payable
Due Date of mortgage		27-Feb-15	27-Feb-15
Variable rate on mortgage		LIBOR + 2.25		LIBOR + 2.25
Total mortgage loan		6,803,625	7,400,000	7,089,610
Fairview Manor [Member]
Summary of mortgages payable
Due Date of mortgage		1-Feb-17
Interest rate on mortgage		5.79%
Total mortgage loan		10,139,450		10,345,239
Heather Highlands [Member]
Summary of mortgages payable
Due Date of mortgage		28-Aug-18
Variable rate on mortgage		Prime + 1.0
Total mortgage loan		989,773		1,288,149
Highland Estates [Member]
Summary of mortgages payable
Due Date of mortgage		1-Sep-17
Interest rate on mortgage		6.18%
Total mortgage loan		9,408,128		9,578,574
Oxford Village [Member]
Summary of mortgages payable
Due Date of mortgage		1-Jan-20
Interest rate on mortgage		5.94%
Total mortgage loan		7,350,261		7,527,426
Somerset Estates and Whispering Pines [Member]
Summary of mortgages payable
Due Date of mortgage		26-Feb-19
Interest rate on mortgage		4.89%
Total mortgage loan		731,900		891,382
Southwind Village [Member]
Summary of mortgages payable
Due Date of mortgage		1-Jan-20
Interest rate on mortgage		5.94%
Total mortgage loan		5,871,176		6,012,690
Suburban Estates and Sunny Acres [Member]
Summary of mortgages payable
Due Date of mortgage		1-Jun-18
Interest rate on mortgage		4.00%
Total mortgage loan		6,417,395		6,711,306
Summit Estates [Member]
Summary of mortgages payable
Due Date of mortgage		1-May-16
Interest rate on mortgage		12.75%
Total mortgage loan		575,021		0
Twin Oaks [Member]
Summary of mortgages payable
Due Date of mortgage		1-Dec-19
Interest rate on mortgage		5.75%
Total mortgage loan		2,637,078		2,702,771
Various (3 properties) [Member]
Summary of mortgages payable
Due Date of mortgage		1-May-16
Interest rate on mortgage		6.23%
Total mortgage loan		8,221,043		0
Various (4 properties) [Member]
Summary of mortgages payable
Due Date of mortgage		1-Jul-23
Interest rate on mortgage		4.98%
Total mortgage loan		8,495,880		0
Various (5 properties) [Member]
Summary of mortgages payable
Due Date of mortgage		1-Jan-22
Interest rate on mortgage		4.25%
Total mortgage loan		14,679,583		14,964,116
Various (5 properties) One [Member]
Summary of mortgages payable
Due Date of mortgage		6-Dec-22
Interest rate on mortgage		4.75%
Total mortgage loan		7,554,281		7,675,595
Various (5 properties) Two [Member]
Summary of mortgages payable
Due Date of mortgage		1-Feb-18
Interest rate on mortgage		6.83%
Total mortgage loan		9,083,178		0
Various (11 properties) [Member]
Summary of mortgages payable
Due Date of mortgage		1-Aug-17
Variable rate on mortgage		LIBOR + 3.0
Total mortgage loan		12,177,725		12,909,520
Various (13 properties) [Member]
Summary of mortgages payable
Due Date of mortgage		1-Mar-23
Interest rate on mortgage		4.07%
Total mortgage loan		$52,082,527		$53,019,327

Loans_and_Mortgages_Payable_De2

Loans and Mortgages Payable (Details 2) (Mortgages payable [Member], USD $)	Dec. 31, 2014
Mortgages payable [Member]
Aggregate principal payments of all mortgages payable
2015	$11,476,760
2016	13,294,102
2017	42,609,986
2018	16,524,653
2019	16,061,179
Thereafter	82,704,174
Total	$182,670,854

Loans_and_Mortgages_Payable_De3

Loans and Mortgages Payable (Details Textual) (USD $)

0 Months Ended

12 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

Jul. 14, 2014

Mar. 13, 2014

Nov. 06, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Sep. 29, 2014

Oct. 06, 2014

Oct. 30, 2014

Mar. 29, 2013

Mar. 01, 2013

Jun. 30, 2013

Feb. 27, 2013

Apr. 03, 2013

Home_Community

Home_Community

Home_Community

Rental_Unit

Rental_Unit

Home_Community

Loans and Mortgages Payable (Textual)

Interest rate on margin loan

2.00%

2.00%

Margin loan, outstanding

$19,392,382

$18,574,228

Line of credit facility interest rate, Description

LIBOR plus 375 basis points.

Lines of credit, outstanding amount

10,000,000

35,000,000

Interest rate of loan

9.50%

Number of rental units purchased

2,600

Mortgage loans on real estate average maturity period

10 years

Mortgage loan

8,600,000

18,100,000

182,670,854

160,639,944

Reduced line of credit facility

7,700,000

Due Date of mortgage

6-Dec-22

Net fixed interest rate on the mortgage

4.75%

Interest rate on mortgage

4.98%

6.74%

Mortgage loans, periodic payment terms

Approximately $8.9 million matures on May 1, 2016 and the remaining balance matures on February 1, 2018.

Maturity date of remaining loans

1-Jul-23

1-Feb-18

Number of manufactured home communities acquired

4

8

5

10

Carrying value of fixed rate mortgages payable

294,759,460

235,685,401

Interest costs on mortgages capitalized

280,354

247,186

269,891

GE Commercial Distribution Finance Corporation [Member]

Loans and Mortgages Payable (Textual)

Maximum revolving credit agreement

18,500,000

Line of credit facility interest rate, Description

Interest rates on these agreements range from prime with a minimum of 6% to prime plus 2% with a minimum of 8% after 18 months.

Lines of credit, outstanding amount

8,323,300

5,624,509

Weighted average interest rate

6.62%

6.03%

Sun National Bank [Member]

Loans and Mortgages Payable (Textual)

Lines of credit, outstanding amount

10,000,000

4,920,199

Additional borrowings on credit facility

5,000,000

Interest rate of line of credit

3.75%

3.67%

OceanFirst Bank [Member]

Loans and Mortgages Payable (Textual)

Maximum revolving credit agreement

10,000,000

Line of credit facility interest rate, Description

Interest is at a variable rate of prime plus 50 basis points (0.5%) and matures on June 1, 2017.

Due Date of mortgage

1-Jun-17

21st Mortgage Corp [Member]

Loans and Mortgages Payable (Textual)

Interest rate of loan

6.99%

Number of rental units purchased

500

Mortgage loans on real estate average maturity period

10 years

Total outstanding amount of lines of credit

723,548

21st Mortgage Corp [Member] | New Units [Member]

Loans and Mortgages Payable (Textual)

Origination fee

2.00%

21st Mortgage Corp [Member] | Existing Units [Member]

Loans and Mortgages Payable (Textual)

Origination fee

3.00%

Two River Community Bank [Member]

Loans and Mortgages Payable (Textual)

Interest rate of line of credit

4.63%

Mortgage loan

4,000,000

Shares of monmouth real estate investment corporation pledged as collateral

1,000,000

Due Date of mortgage

30-Oct-19

Bank of Montreal [Member]

Loans and Mortgages Payable (Textual)

Maximum revolving credit agreement

50,000,000

Line of credit facility interest rate, Description

LIBOR plus 275 basis points or 2.91%.

LIBOR plus 225 basis points or 2.42% .

Borrowings will bear interest at the Company's option of LIBOR plus 2.00% to 2.75% or BMO's prime lending rate plus 1.00% to 1.75%, based on the Company's overall leverage.

Line of credit facility, Expiration date

29-Mar-16

Unsecured line of credit

35,000,000

Borrowing Capacity, description

The Company has the ability to increase the borrowing capacity by an amount not to exceed $15 million, representing a maximum aggregate borrowing capacity of $50 million, subject to various conditions, as defined in the agreement.

Percentage of unused commitment amount to be paid per annum

0.35%

Unsecured line of credit amount replaced by new line of credit

5,000,000

Jp Morgan Chase Bank [Member]

Loans and Mortgages Payable (Textual)

Mortgage loan

53,760,000

Due Date of mortgage

1-Mar-23

Interest rate on mortgage

4.07%

Number of manufactured home communities acquired

10

Number of Additional Communities added to mortgage

3

Sunny Acres And Suburban Estates [Member]

Loans and Mortgages Payable (Textual)

Description of modified interest rate on mortgage

The interest rate was reduced from a fixed rate of 6.5% to a fixed rate of 4.0%.

Description of accelerated maturity period of Mortgage loan

The maturity date was accelerated from June 1, 2020 to June 1, 2018.

D and R Village and Waterfalls Village [Member]

Loans and Mortgages Payable (Textual)

Line of credit facility interest rate, Description

LIBOR plus 225 basis points which was 2.41%.

LIBOR plus 225 basis points which was 2.41%.

Interest rate of line of credit

2.41%

2.41%

Mortgage loan

6,803,625

7,089,610

7,400,000

Variable rate on mortgage

LIBOR + 2.25

LIBOR + 2.25

Loan Extended Period

2 years

Due Date of mortgage

27-Feb-15

27-Feb-15

Cranberry Village and Forest Park [Member]

Loans and Mortgages Payable (Textual)

Reduced line of credit facility

$57,000,000

Interest rate on mortgage

6.80%

Stock_Compensation_Plan_Detail

Stock Compensation Plan (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Assumptions for weighted average fair value of stock options
Dividend yield	7.14%	6.67%	7.08%
Expected volatility	27.12%	32.37%	26.19%
Risk-free interest rate	2.23%	1.96%	1.11%
Expected lives	8 years	8 years	8 years
Estimated forfeitures	0	0	0

Stock_Compensation_Plan_Detail1

Stock Compensation Plan (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Schedule of change in stock options during the years
Outstanding at beginning of year, Shares				750,000
Outstanding at end of year, Shares	1,301,000	1,093,000	785,000	750,000
Options exercisable at end of year	962,000	701,000	691,000
Outstanding at beginning of year, Weighted Average Exercise Price				$12.03
Outstanding at end of year, Weighted Average Exercise Price	$10.34	$10.86	$11.71	$12.03
Employee Stock Option [Member]
Schedule of change in stock options during the years
Outstanding at beginning of year, Shares	1,093,000	785,000	750,000
Granted, Shares	339,000	392,000	94,000
Exercised, Shares	-23,000	0	-4,000
Expired, Shares	-108,000	-84,000	-55,000
Outstanding at end of year, Shares	1,301,000	1,093,000	785,000
Options exercisable at end of year	962,000	701,000	691,000
Outstanding at beginning of year, Weighted Average Exercise Price	$10.86	$11.71	$12.03
Granted, Weighted Average Exercise Price	$9.85	$10.08	$11.29
Exercised, Weighted Average Exercise Price	$7.28	$0	$7.56
Expired, Weighted Average Exercise Price	$14.52	$15.51	$15.58
Weighted-average fair value of options granted during the year	$0.98	$1.42	$0.92
Outstanding at end of year, Weighted Average Exercise Price	$10.34	$10.86	$11.71

Stock_Compensation_Plan_Detail2

Stock Compensation Plan (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2012
Summary of stock options outstanding
Number of Shares	339,000		392,000	94,000
01/03/07 [Member]
Summary of stock options outstanding
Date of Grant	3-Jan-07
Number of Employees	1
Number of Shares	44,200
Option Price	15.51
Expiration Date	3-Jan-15
01/03/07 [Member]
Summary of stock options outstanding
Date of Grant	3-Jan-07
Number of Employees	1
Number of Shares	5,800
Option Price	17.06
Expiration Date	3-Jan-15
07/16/07 [Member]
Summary of stock options outstanding
Date of Grant	16-Jul-07
Number of Employees	12
Number of Shares	51,000
Option Price	14.21
Expiration Date	16-Jul-15
09/20/07 [Member]
Summary of stock options outstanding
Date of Grant	20-Sep-07
Number of Employees	2
Number of Shares	7,000
Option Price	13.19
Expiration Date	20-Sep-15
01/08/08 [Member]
Summary of stock options outstanding
Date of Grant	8-Jan-08
Number of Employees	1
Number of Shares	42,300
Option Price	11.79
Expiration Date	8-Jan-16
01/08/08 [Member]
Summary of stock options outstanding
Date of Grant	8-Jan-08
Number of Employees	1
Number of Shares	7,700
Option Price	12.97
Expiration Date	8-Jan-16
09/25/08 [Member]
Summary of stock options outstanding
Date of Grant	25-Sep-08
Number of Employees	11
Number of Shares	33,000
Option Price	7.55
Expiration Date	25-Sep-16
01/07/09 [Member]
Summary of stock options outstanding
Date of Grant	7-Jan-09
Number of Employees	1
Number of Shares	14,000
Option Price	7.12
Expiration Date	7-Jan-17
01/07/09 [Member]
Summary of stock options outstanding
Date of Grant	7-Jan-09
Number of Employees	1
Number of Shares	61,000
Option Price	6.47
Expiration Date	7-Jan-17
06/22/09 [Member]
Summary of stock options outstanding
Date of Grant	22-Jun-09
Number of Employees	12
Number of Shares	43,000
Option Price	7.57
Expiration Date	22-Jun-17
01/08/10 [Member]
Summary of stock options outstanding
Date of Grant	8-Jan-10
Number of Employees	1
Number of Shares	10,900
Option Price	9.13
Expiration Date	8-Jan-18
01/08/10 [Member]
Summary of stock options outstanding
Date of Grant	8-Jan-10
Number of Employees	1
Number of Shares	14,100
Option Price	8.3
Expiration Date	8-Jan-18
07/27/10 [Member]
Summary of stock options outstanding
Date of Grant	27-Jul-10
Number of Employees	12
Number of Shares	80,000
Option Price	11.4
Expiration Date	27-Jul-18
07/05/11 [Member]
Summary of stock options outstanding
Date of Grant	5-Jul-11
Number of Employees	11
Number of Shares	74,000
Option Price	11.16
Expiration Date	5-Jul-19
08/29/12 [Member]
Summary of stock options outstanding
Date of Grant	29-Aug-12
Number of Employees	14
Number of Shares	88,000
Option Price	11.29
Expiration Date	29-Aug-20
02/28/13 [Member]
Summary of stock options outstanding
Date of Grant	28-Feb-13
Number of Employees	1
Number of Shares	10,000
Option Price	10.02
Expiration Date	28-Feb-21
06/26/13 [Member]
Summary of stock options outstanding
Date of Grant	26-Jun-13
Number of Employees	23
Number of Shares	376,000
Option Price	10.08
Expiration Date	26-Jun-21
06/11/14 [Member]
Summary of stock options outstanding
Date of Grant	11-Jun-14
Number of Employees	25
Number of Shares	339,000	[1]
Option Price	9.85
Expiration Date	11-Jun-22
[1]	Unexercisable

Stock_Compensation_Plan_Detail3

Stock Compensation Plan (Details 3) (Restricted stock [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Restricted stock [Member]
Summary of the company's nonvested restricted stock awards
Non-vested at beginning of year, Shares	152,292	187,470	130,974
Granted, Shares	25,000	0	75,000
Dividend Reinvested Shares, Shares	12,194	12,992	11,470
Vested, Shares	-52,140	-48,170	-29,974
Non-vested at end of year, Shares	137,346	152,292	187,470
Non-vested at beginning of year, Weighted Average Grant Date Fair Value	$10.77	$10.90	$11.14
Granted, Weighted Average Grant Date Fair Value	$9.31	$0	$10.72
Dividend Reinvested Shares, Weighted Average Grant Date Fair Value	$9.22	$9.33	$9.90
Vested, Weighted Average Grant Date Fair Value	($10.77)	($10.90)	($11.10)
Non-vested at end of year, Weighted Average Grant Date Fair Value	$10.37	$10.77	$10.90

Stock_Compensation_Plan_Detail4

Stock Compensation Plan (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jun. 13, 2013	Aug. 14, 2003
	Employee	Employee	Employee
			Security
Employee Stock Options (Textual)
Granted shares	339,000	392,000	94,000
Stock awards vesting period	1 year
Number of employees to exercise options	2		1
Number of employees whose option expired	11	10	8
Stock compensation expense, stock options	$437,063	$411,017	$69,253
Intrinsic value of options exercised	57,250	0	18,000
Weighted-average remaining contractual term	4 years 3 months 18 days	4 years 9 months 18 days	3 years 10 months 24 days
Number of participants in restricted stock grants awarded			1
2003 Stock Option Plan [Member]
Employee Stock Options (Textual)
Stock option authorized to grant to officers and key employees				3,000,000	1,500,000
2013 Stock Option Plan [Member] | Maximum [Member]
Employee Stock Options (Textual)
Number of share of restricted stock grant				200,000
Restricted stock [Member]
Employee Stock Options (Textual)
Number of share of restricted stock grant	2,260,000
Stock awards vesting period	5 years	5 years	5 years
Granted	25,000	0	75,000
Fair value of restricted stock grants	232,750	0	803,700
Number of participants in restricted stock grants awarded	1		9
Unrecognized restricted stock compensation	845,429
Remaining weighted average period of restricted stock compensation	2 years 3 months 18 days
One-time charges included in compensation cost for restricted stock grants awarded to one participant			123,490
Stock compensation expense, restricted stock	485,881	439,332	503,991
Restricted stock [Member] | 2013 Stock Option Plan [Member] | Maximum [Member]
Employee Stock Options (Textual)
Number of share of restricted stock grant				100,000
Stock Option [Member]
Employee Stock Options (Textual)
Number of employees, shares granted	25	24	15
Granted shares	339,000	392,000	94,000
Fair value of stock options	332,000	556,000	87,000
Stock awards vesting period	1 year	1 year	1 year
Unamortized stock option expense	97,594
Expired, Shares	-108,000	-84,000	-55,000
Aggregate intrinsic value of options outstanding	395,243	421,563	602,653
Aggregate intrinsic value relate to options exercisable	$395,243	$421,563	$602,653

401k_Plan_Details

401(k) Plan (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
401(k) Plan (Textual)
Eligibility age of employees for 401(k) Plan	21 years
Description of contribution in 401(k) Plan	Company made matching contributions to the Plan of up to 100% of the first 3% of employee salary and 50% of the next 2% of employee salary.
Total expense relating to 401(k) Plan	$226,953	$162,304	$126,224

Related_Party_Transactions_and1

Related Party Transactions and Other Matters (Details) (USD $)	1 Months Ended	12 Months Ended
	Jan. 31, 2012	Dec. 31, 2014	Dec. 31, 2013
		Home_Site
Related Party Transactions (Textual)
Term of Employment Agreement	3 years
Number of directors in company who are directors and shareholders of MREIC		6
Number of shares owned in affiliate company (MREIC)		1,995,809
Percentage of shares owned in affiliate company (MREIC)		3.50%
Amounts accrued under employment agreements		$600,000	$600,000
Lease payment through April 30, 2015		14,000
Lease payment through April 30, 2013		13,600
Lease payment reimbursed by MREI under renewed lease agreement		Approximately 70% of the monthly lease payment plus its proportionate share of real estate taxes and common area maintenance.
Eugene W. Landy [Member]
Related Party Transactions (Textual)
Amount of annual base compensation		150,000
Total amount payable on severance		450,000
Amount of severance payable on severance		150,000
Amount payable on first and second anniversaries of severance		150,000
Period for compensation will continue in event of disability		For a period of three years, payable monthly.
Pension amount received on retirement		50,000
Period for Pension amount received on retirement		For ten years, payable in monthly installments.
Amount received by beneficiary after thirty days in event of death		450,000
Amount received by beneficiary after one year in event of death		100,000
Automatic renewal period of agreement		Each year for successive one-year periods.
Annual base compensation amount increased after amendment		175,000
Extended period of pension benefit		Additional three years.
Lump sum payment received under second amendment		1,200,000
Sale price per common stock share		$16
Amount received as outstanding leadership achievement award		250,000
Period to receive amount as outstanding leadership achievement award		3 years
Annual vacation allowed, period		Five weeks
Lease payment reimbursed by MREIC		Approximately 70% of the monthly lease payment.
Renewed lease term		5 years
Annual Increase In Base Salary		250,000
Samuel A. Landy [Member]
Related Party Transactions (Textual)
Term of Employment Agreement	3 years
Annual increase in fund from operations	3.00%
Aggregate increase in funds from operations over three year period	9.00%
Annual Base Salary as per Employment Agreement, 2012	378,000
Annual Base Salary as per Employment Agreement, 2013	396,900
Annual Base Salary as per Employment Agreement, 2014	416,745
Maximum bonus amount in percentage of salary	21.00%
Annual vacation allowed, period	Four weeks
Right of the employee in special events	In the event of a merger, sale or change of voting control of the Company, excluding transactions between the Company and MREIC, Mr. Samuel Landy will have the right to extend and renew this employment agreement so that the expiration date will be three years from the date of merger, sale or change of voting control, or the employee may terminate the employment agreement and be entitled to receive one year's compensation in accordance with the agreement. If there is a termination of employment by the Company for any reason, either involuntary or voluntary, including the death of the employee, the employee shall be entitled to the greater of the salary due under the remaining term of the agreement or one year's compensation at the date of termination, paid monthly over the remaining term or life of the agreement. Mr. Landy is currently negotiating a new employment agreement.
Anna T. Chew [Member]
Related Party Transactions (Textual)
Term of Employment Agreement	3 years
Annual Base Salary as per Employment Agreement, 2012	287,385
Annual Base Salary as per Employment Agreement, 2013	301,754
Annual Base Salary as per Employment Agreement, 2014	316,841
Annual vacation allowed, period	Four weeks
Disability insurance benefits	Up to 60% of then-current salary.
Minimum number of days for employee's disability to receive benefits	90 days
Right of the employee in special events	In the event of a merger, sale or change of voting control of the Company, excluding transactions between the Company and MREIC, the employee will have the right to extend and renew this employment agreement so that the expiration date will be three years from the date of merger, sale or change of voting control, or the employee may terminate the employment agreement and be entitled to receive one year's compensation in accordance with the agreement. If there is a termination of employment by the Company for any reason, either involuntary or voluntary, including the death of the employee, other than a termination for cause as defined by the agreement, the employee shall be entitled to the greater of the salary due under the remaining term of the agreement or one year's compensation at the date of termination, paid monthly over the remaining term or life of the agreement. Ms. Chew is currently negotiating a new employment agreement.

Shareholders_Equity_Details

Shareholders' Equity (Details) (DRIP [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
DRIP [Member]
Shares issued under dividend reinvestment plan
Amounts Received	$34,650,730	$37,054,626	$19,448,937
Less: Dividends Reinvested	1,858,491,000	1,861,987	1,390,899
Amounts Received, net	$32,792,239	$35,192,639	$18,058,038
Number of Shares Issued	3,554,191	3,658,010	1,780,043

Shareholders_Equity_Details_Te

Shareholders' Equity (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jan. 21, 2015
Shareholders Equity (Textual)
Discount rate on purchase price under dividend reinvestment plan	95.00%
Series A preferred stock outstanding, shares	3,663,800	3,663,800
Aggregate liquidation preference, value	$91,595,000
Preferred stock, par value	$0.10	$0.10
Annual dividend rate of the Series A preferred stock	8.25%
Annual rate on dividend per share payable quarterly	$2.06
Description of preferred stock dividend	Annual dividend of the Series A Preferred Stock is $2.0625 per share, or 8.25%, of the $25.00 per share liquidation value and is payable quarterly in arrears on March 15, June 15, September 15, and December 15.
Minimum [Member]
Shareholders Equity (Textual)
Amount of optional cash payments	500
Maximum [Member]
Shareholders Equity (Textual)
Amount of optional cash payments	$1,000
Subsequent Event [Member]
Shareholders Equity (Textual)
Number of share authorized to repurchase under Share Repurchase Program			10,000,000
Series A Preferred Stock [Member]
Shareholders Equity (Textual)
Preferred stock, par value		$0.10
Preferred stock redemption date		26-May-16
Description for redemption of preferred stock after redemption date		On and after May 26, 2016, the Series A Preferred Stock will be redeemable at the Company's option for cash, in whole or, from time to time, in part, at a price per share equal to $25.00, plus all accrued and unpaid dividends (whether or not declared) to the date of redemption.
Description for voting right to holders of preferred stock		Holders of the Series A Preferred Stock generally have no voting rights, except if the Company fails to pay dividends for six or more quarterly periods, whether or not consecutive, or with respect to certain specified events.

Distributions_Details

Distributions (Details) (USD $)	3 Months Ended												12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 30, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary of payment of distributions to shareholders
Distributions including dividends reinvested paid to common shareholders	$4,316,063	$4,125,060	$3,991,110	$3,853,595	$3,656,622	$3,456,304	$3,294,938	$3,155,607	$3,062,506	$2,954,616	$2,902,806	$2,809,868	$16,285,828	$13,563,471	$11,729,796
Dividend declared per share, paid	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.72	$0.72	$0.72

Distributions_Details_1

Distributions (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary of payment of dividends to preferred shareholders
Amount of distributions paid for preferred stock	$7,556,588	$7,556,588	$4,325,109
Preferred stock, dividend declared per share, paid	$2.06	$2.06	$2.06
1/18/2012 [Member]
Summary of payment of dividends to preferred shareholders
Declaration Date			18-Jan-12
Record Date			15-Feb-12
Payment Date			15-Mar-12
Amount of distributions paid for preferred stock			690,319
Preferred stock, dividend declared per share, paid			$0.52
4/17/2012 [Member]
Summary of payment of dividends to preferred shareholders
Declaration Date			17-Apr-12
Record Date			15-May-12
Payment Date			15-Jun-12
Amount of distributions paid for preferred stock			930,716
Preferred stock, dividend declared per share, paid			$0.52
7/9/2012 [Member]
Summary of payment of dividends to preferred shareholders
Declaration Date			9-Jul-12
Record Date			15-Aug-12
Payment Date			17-Sep-12
Amount of distributions paid for preferred stock			1,244,616
Preferred stock, dividend declared per share, paid			$0.52
10/1/2012 [Member]
Summary of payment of dividends to preferred shareholders
Declaration Date			1-Oct-12
Record Date			15-Nov-12
Payment Date			17-Dec-12
Amount of distributions paid for preferred stock			1,459,458
Preferred stock, dividend declared per share, paid			$0.52
1/16/2013 [Member]
Summary of payment of dividends to preferred shareholders
Declaration Date		16-Jan-13
Record Date		15-Feb-13
Payment Date		15-Mar-13
Amount of distributions paid for preferred stock		1,889,147
Preferred stock, dividend declared per share, paid		$0.52
4/8/2013 [Member]
Summary of payment of dividends to preferred shareholders
Declaration Date		8-Apr-13
Record Date		15-May-13
Payment Date		17-Jun-13
Amount of distributions paid for preferred stock		1,889,147
Preferred stock, dividend declared per share, paid		$0.52
7/1/2013 [Member]
Summary of payment of dividends to preferred shareholders
Declaration Date		1-Jul-13
Record Date		15-Aug-13
Payment Date		16-Sep-13
Amount of distributions paid for preferred stock		1,889,147
Preferred stock, dividend declared per share, paid		$0.52
10/1/2013 [Member]
Summary of payment of dividends to preferred shareholders
Declaration Date		1-Oct-13
Record Date		15-Nov-13
Payment Date		16-Dec-13
Amount of distributions paid for preferred stock		1,889,147
Preferred stock, dividend declared per share, paid		$0.52
1/15/2014 [Member]
Summary of payment of dividends to preferred shareholders
Declaration Date	15-Jan-14
Record Date	18-Feb-15
Payment Date	17-Mar-14
Amount of distributions paid for preferred stock	1,889,147
Preferred stock, dividend declared per share, paid	$0.52
4/1/2014 [Member]
Summary of payment of dividends to preferred shareholders
Declaration Date	1-Apr-14
Record Date	15-May-14
Payment Date	16-Jun-14
Amount of distributions paid for preferred stock	1,889,147
Preferred stock, dividend declared per share, paid	$0.52
7/1/2014 [Member]
Summary of payment of dividends to preferred shareholders
Declaration Date	1-Jul-14
Record Date	15-Aug-14
Payment Date	15-Sep-14
Amount of distributions paid for preferred stock	1,889,147
Preferred stock, dividend declared per share, paid	$0.52
10/1/2014 [Member]
Summary of payment of dividends to preferred shareholders
Declaration Date	1-Oct-14
Record Date	17-Nov-14
Payment Date	15-Dec-14
Amount of distributions paid for preferred stock	$1,889,147
Preferred stock, dividend declared per share, paid	$0.52

Distributions_Details_Textual

Distributions (Details Textual) (USD $)	12 Months Ended			1 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jan. 21, 2015
Distributions (Textual)
Preferred stock, dividend declared per share, paid	$2.06	$2.06	$2.06
Cumulative redeemable preferred stock, dividend rate, percentage	8.25%
Annual rate on dividend per share payable quarterly	$2.06
Subsequent Event [Member]
Distributions (Textual)
Declaration Date				21-Jan-15
Record Date				17-Feb-15
Payment Date				16-Mar-15
Dividends declared per share				$0.18
8.25% Series A Cumulative Redeemable Preferred Stock [Member]
Distributions (Textual)
Preferred stock, dividend declared per share, paid				$0.52

Federal_Income_Taxes_Details

Federal Income Taxes (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reconciliation of U.S. GAAP net income to taxable income
U.S. GAAP net income	$1,563,618	$629,271	$1,476,725	$568,189	($733,004)	$800,877	$1,619,439	$4,149,511	$4,237,803	$5,836,823	$6,474,057
Add: U.S. GAAP net loss of taxable REIT subsidiary included above									3,946,571	2,746,526	3,081,837
U.S. GAAP net income from REIT operations									8,184,374	8,583,349	9,555,894
Stock option expense									922,944	850,349	573,244
Acquisition costs and other book / tax differences, net									-1,238,794	351,413	-344,027
Taxable income before adjustments									7,868,524	9,785,111	9,785,111
Less: Capital gains									-1,514,518	-3,630,548	-4,146,773
Adjusted taxable income subject to 90% dividend requirement									$6,354,006	$6,154,563	$5,638,338

Federal_Income_Taxes_Details_1

Federal Income Taxes (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reconciliation for cash dividends paid with dividends paid deduction
Cash dividends paid	$23,842,416	$21,120,059	$16,798,495
Less: Portion designated as capital gains distributions	-1,514,518	-3,630,548	-4,146,773
Less: Return of capital	-15,973,892	-11,334,948	-7,013,384
Dividends paid deduction	$6,354,006	$6,154,563	$5,638,338

Federal_Income_Taxes_Details_2

Federal Income Taxes (Details 2) (USD $)	3 Months Ended												12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 30, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Characterization of distributions paid per common share
Amount of distributions paid per common share	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.18	$0.72	$0.72	$0.72
Percentage of distributions paid per common share													100.00%	100.00%	100.00%
Ordinary Income [Member]
Characterization of distributions paid per common share
Amount of distributions paid per common share													$0.01	$0.13	$0.08
Percentage of distributions paid per common share													1.55%	17.84%	10.96%
Capital Gains [Member]
Characterization of distributions paid per common share
Amount of distributions paid per common share													$0.00	$0.06	$0.08
Percentage of distributions paid per common share													0.37%	8.10%	11.65%
Return of Capital [Member]
Characterization of distributions paid per common share
Amount of distributions paid per common share													$0.71	$0.53	$0.56
Percentage of distributions paid per common share													98.08%	74.06%	77.39%

Federal_Income_Taxes_Details_T

Federal Income Taxes (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Federal Income Taxes (Textual)
Percentage of adjusted taxable income require to distribute among shareholders, Minimum	90.00%
Preferred Dividends Paid, net	$7,556,588	$7,556,588	$5,068,697
Preferred stock, dividend declared per share, paid	$2.06	$2.06	$2.06
Percentage of distributions taxed as ordinary income	$1.67	$1.42	$1.00
Percentage of distributions taxed as capital gains	$0.40	$0.64	$1.06
Amount of operating losses of S&F	3,946,571	2,746,526	3,081,837
Federal state and franchise taxes included in general and administrative expenses	$15,000	$5,000	$5,000

Commitments_Contingencies_and_1

Commitments, Contingencies and Legal Matters (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Commitments Contingencies and Legal Matters (Textual)
Total loan balance	3,000,000
Definitive Agreements [Member]
Commitments Contingencies and Legal Matters (Textual)
Number of property site	623
Number of acquired manufactured home communities	4
Aggregate purchase price of manufactured home communities	12,900,000
Purchase price for manufactured home community	3,800,000
Definitive Agreements [Member] | Minimum [Member]
Commitments Contingencies and Legal Matters (Textual)
Range of purchase price repossessed	55.00%	80.00%
Definitive Agreements [Member] | Maximum [Member]
Commitments Contingencies and Legal Matters (Textual)
Range of purchase price repossessed	100.00%	95.00%

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (Fair Value, Measurements, Recurring [Member], USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Summary of financial assets and liabilities measured at fair value on a recurring basis
Interest Rate Swap (1)	($39,685)	[1]	($39,840)	[1]
Total	63,516,276		59,215,102
Fair Value, Inputs, Level 1 [Member]
Summary of financial assets and liabilities measured at fair value on a recurring basis
Interest Rate Swap (1)	0	[1]	0	[1]
Total	63,555,961		59,254,942
Fair Value, Inputs, Level 2 [Member]
Summary of financial assets and liabilities measured at fair value on a recurring basis
Interest Rate Swap (1)	-39,685	[1]	-39,840	[1]
Total	-39,685		-39,840
Fair Value, Inputs, Level 3 [Member]
Summary of financial assets and liabilities measured at fair value on a recurring basis
Interest Rate Swap (1)	0	[1]	0	[1]
Total	0		0
Preferred Stock [Member]
Summary of financial assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale at Fair Value	19,045,983		24,536,942
Preferred Stock [Member] | Fair Value, Inputs, Level 1 [Member]
Summary of financial assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale at Fair Value	19,045,983		24,536,942
Preferred Stock [Member] | Fair Value, Inputs, Level 2 [Member]
Summary of financial assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale at Fair Value	0		0
Preferred Stock [Member] | Fair Value, Inputs, Level 3 [Member]
Summary of financial assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale at Fair Value	0		0
Common Stock [Member]
Summary of financial assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale at Fair Value	44,509,978		34,718,000
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member]
Summary of financial assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale at Fair Value	44,509,978		34,718,000
Common Stock [Member] | Fair Value, Inputs, Level 2 [Member]
Summary of financial assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale at Fair Value	0		0
Common Stock [Member] | Fair Value, Inputs, Level 3 [Member]
Summary of financial assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale at Fair Value	$0		$0
[1]	(1) Included in accrued liabilities and deposits

Fair_Value_Measurements_Detail1

Fair Value Measurements (Details Textual) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Fair Value Measurements (Textual)
Fair value of fixed rate mortgages payable	$154,848,509	$127,869,529
Carrying value of fixed rate mortgages payable	$152,213,686	$128,553,264

Supplemental_Cash_Flow_Informa1

Supplemental Cash Flow Information (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Supplemental Cash Flow Information (Textual)
Cash paid for interest	$10,832,747	$8,185,305	$4,715,898
Acquisition of communities	26.7	7.7
Land development costs transferred to investment property and equipment	100,372	77,562	85,193
Reinvestment of dividends	$1,858,491	$1,861,987	$1,390,899

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	0 Months Ended	1 Months Ended
	Mar. 06, 2015	Feb. 27, 2015	Jan. 21, 2015	Jul. 14, 2014	Mar. 13, 2014	Nov. 06, 2013	Mar. 01, 2013
			acre	Home_Community	Home_Community	Home_Community	Home_Community
			Home_Site
			Home_Community
Subsequent Event [Line Items]
Number of communities acquired				4	8	5	10
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of communities acquired			1
Purchase price of acquired entity			$3,800,000
Total communities sites			141
Area of acquired real estate property (in acres)			40
Percentage of average occupancy			96.00%
Mortgage loan	$2,200,000	$8,100,000	$2,300,000
Interest rate	3.98%	3.85%	6.50%
Maturity date	1-Apr-25	1-Mar-25	5-Oct-21

Pro_Forma_Financial_Informatio2

Pro Forma Financial Information (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Pro forma financial information
Rental and Related Income	$65,503,000	$61,715,000
Community Operating Expenses	34,882,000	35,079,000
Net Income Attributable to Common Shareholders	($4,223,000)	($4,603,000)
Net Income Attributable to Common Shareholders per Share:
Basic	($0.19)	($0.25)
Diluted	($0.19)	($0.24)

Selected_Quarterly_Financial_D2

Selected Quarterly Financial Data (Unaudited) (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary of Selected Quarterly Financial Information
Total Income	$18,879,238	$18,554,782	$18,148,732	$15,849,181	$16,426,921	$16,253,966	$16,097,925	$13,426,295	$71,431,933	$62,205,107	$46,827,764
Total Expenses	16,152,398	16,777,494	16,489,825	15,101,441	16,636,587	14,935,457	14,196,653	12,240,957	64,521,158	58,009,654	44,214,508
Other Income (Expense)	-1,173,827	-1,121,174	-228,377	-156,907	-524,561	-600,121	-229,785	2,977,034	-2,680,285	1,622,567	3,902,282
Net Income	1,563,618	629,271	1,476,725	568,189	-733,004	800,877	1,619,439	4,149,511	4,237,803	5,836,823	6,474,057
Net Income (Loss) Attributable to Common Shareholders	($325,529)	($1,259,876)	($412,422)	($1,320,958)	($2,622,151)	($1,088,270)	($269,708)	$2,260,364	($3,318,785)	($1,719,765)	$1,749,339
Net Income (Loss) Attributable to Common Shareholders per Share -
Basic	($0.01)	($0.06)	($0.02)	($0.06)	($0.14)	($0.06)	($0.02)	$0.13	($0.15)	($0.09)	$0.11
Diluted	($0.01)	($0.06)	($0.02)	($0.06)	($0.14)	($0.06)	($0.02)	$0.13	($0.15)	($0.09)	$0.11

Selected_Quarterly_Financial_D3

Selected Quarterly Financial Data (Unaudited) (Details Textual) (USD $)	3 Months Ended
	Jun. 30, 2012
	Home_Community
Selected Quarterly Financial Data Textual [Abstract]
Amount of bonus payment received for rights to drill for oil and gas	$499,471
Number of communities	1

Real_Estate_and_Accumulated_De1

Real Estate and Accumulated Depreciation (Details) (USD $)	Dec. 31, 2014
Summary of real estate and accumulated depreciation on real estate
Encumbrances	$182,670,854
Land	34,479,319
Site, Land & Building Improvements and Rental Homes	249,606,503
Capitalization Subsequent to Acquisition	164,078,637
Memphis, TN [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	10,486,045	[1]
Land	250,000
Site, Land & Building Improvements and Rental Homes	2,569,101
Capitalization Subsequent to Acquisition	8,270,359
Orrville, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	7,554,281	[2]
Land	114,000
Site, Land & Building Improvements and Rental Homes	1,174,000
Capitalization Subsequent to Acquisition	167,500
Birch Run, MI [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	52,082,526	[3]
Land	70,000
Site, Land & Building Improvements and Rental Homes	2,797,000
Capitalization Subsequent to Acquisition	532,478
Goshen, IN [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[3]
Land	1,120,000
Site, Land & Building Improvements and Rental Homes	11,136,000
Capitalization Subsequent to Acquisition	1,727,638
Berwick, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	14,679,583	[2]
Land	372,000
Site, Land & Building Improvements and Rental Homes	4,776,000
Capitalization Subsequent to Acquisition	639,151
Greenfield Ctr, NY [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	37,500
Site, Land & Building Improvements and Rental Homes	232,547
Capitalization Subsequent to Acquisition	3,693,950
Vineland, NJ [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	8,966,785
Land	320,000
Site, Land & Building Improvements and Rental Homes	1,866,323
Capitalization Subsequent to Acquisition	2,046,445
Chambersburg, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	12,177,725	[4]
Land	176,000
Site, Land & Building Improvements and Rental Homes	2,411,000
Capitalization Subsequent to Acquisition	450,569
Sayre, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[4]
Land	124,000
Site, Land & Building Improvements and Rental Homes	2,049,000
Capitalization Subsequent to Acquisition	278,421
Lewistown, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	137,000
Site, Land & Building Improvements and Rental Homes	613,000
Capitalization Subsequent to Acquisition	944,226
Tiffin, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[1]
Land	142,000
Site, Land & Building Improvements and Rental Homes	3,301,800
Capitalization Subsequent to Acquisition	69,522
Horseheads, NY [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[4]
Land	196,000
Site, Land & Building Improvements and Rental Homes	2,317,500
Capitalization Subsequent to Acquisition	684,628
Wintersville, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[3]
Land	67,000
Site, Land & Building Improvements and Rental Homes	2,383,000
Capitalization Subsequent to Acquisition	2,339,241
Muncie, IN [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances
Land	174,000
Site, Land & Building Improvements and Rental Homes	1,926,000
Capitalization Subsequent to Acquisition	1,554,975
Ravenna, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	9,083,178	[2]
Land	205,000
Site, Land & Building Improvements and Rental Homes	2,895,997
Capitalization Subsequent to Acquisition	340,776
Columbia, TN [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	394,000
Site, Land & Building Improvements and Rental Homes	6,916,500
Capitalization Subsequent to Acquisition	3,180,792
Cranberry Twp, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	181,930
Site, Land & Building Improvements and Rental Homes	1,922,931
Capitalization Subsequent to Acquisition	2,450,486
Sayre, PA 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[4]
Land	188,000
Site, Land & Building Improvements and Rental Homes	2,258,000
Capitalization Subsequent to Acquisition	497,236
Duncansville, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	60,774
Site, Land & Building Improvements and Rental Homes	378,093
Capitalization Subsequent to Acquisition	2,249,070
Toronto, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	275,600
Site, Land & Building Improvements and Rental Homes	2,728,503
Capitalization Subsequent to Acquisition	15,549
New Springfield Oh [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[2]
Land	226,000
Site, Land & Building Improvements and Rental Homes	2,299,275
Capitalization Subsequent to Acquisition	206,051
Clifton Park, NY [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	6,803,625	[1]
Land	391,724
Site, Land & Building Improvements and Rental Homes	704,021
Capitalization Subsequent to Acquisition	2,756,898
Lodi Oh [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[2]
Land	99,000
Site, Land & Building Improvements and Rental Homes	1,121,300
Capitalization Subsequent to Acquisition	59,914
Bedford Oh [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[2]
Land	49,000
Site, Land & Building Improvements and Rental Homes	2,372,258
Capitalization Subsequent to Acquisition	23,234
Mantua Oh [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[2]
Land	105,000
Site, Land & Building Improvements and Rental Homes	1,277,001
Capitalization Subsequent to Acquisition	212,279
Millville, NJ [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	10,139,450
Land	216,000
Site, Land & Building Improvements and Rental Homes	1,166,517
Capitalization Subsequent to Acquisition	9,094,057
Elkhart, IN [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[3]
Land	440,000
Site, Land & Building Improvements and Rental Homes	7,004,000
Capitalization Subsequent to Acquisition	865,604
Cranberry Twp, PA 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	75,000
Site, Land & Building Improvements and Rental Homes	977,225
Capitalization Subsequent to Acquisition	4,667,458
Schuylkill Haven, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[4]
Land	643,000
Site, Land & Building Improvements and Rental Homes	5,293,500
Capitalization Subsequent to Acquisition	689,795
Chambersburg, PA 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[4]
Land	108,000
Site, Land & Building Improvements and Rental Homes	2,397,000
Capitalization Subsequent to Acquisition	247,338
Honey Brook, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[3]
Land	370,000
Site, Land & Building Improvements and Rental Homes	1,220,000
Capitalization Subsequent to Acquisition	61,433
Dublin Oh [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	248,100
Site, Land & Building Improvements and Rental Homes	2,147,700
Capitalization Subsequent to Acquisition	97,176
Inkerman, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	989,773
Land	572,500
Site, Land & Building Improvements and Rental Homes	2,151,569
Capitalization Subsequent to Acquisition	5,914,235
Elkhart, IN 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[3]
Land	510,000
Site, Land & Building Improvements and Rental Homes	7,084,000
Capitalization Subsequent to Acquisition	689,293
Kutztown, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	9,408,128
Land	145,000
Site, Land & Building Improvements and Rental Homes	1,695,041
Capitalization Subsequent to Acquisition	10,582,889
Greensburgh, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	8,495,880	[5]
Land	483,600
Site, Land & Building Improvements and Rental Homes	2,678,525
Capitalization Subsequent to Acquisition	154,554
Nashville, TN [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	1,632,000
Site, Land & Building Improvements and Rental Homes	5,618,000
Capitalization Subsequent to Acquisition	3,027,213
Peninsula Oh [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	8,796,065	[6]
Land	141,000
Site, Land & Building Improvements and Rental Homes	3,515,878
Capitalization Subsequent to Acquisition	425,478
Clinton Pa [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[5]
Land	686,400
Site, Land & Building Improvements and Rental Homes	2,783,633
Capitalization Subsequent to Acquisition	47,269
Monticello, NY [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	235,600
Site, Land & Building Improvements and Rental Homes	1,402,572
Capitalization Subsequent to Acquisition	7,720,797
Navarre, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	290,000
Site, Land & Building Improvements and Rental Homes	1,457,673
Capitalization Subsequent to Acquisition	6,495,265
Cresson, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	432,700
Site, Land & Building Improvements and Rental Homes	2,070,426
Capitalization Subsequent to Acquisition	2,258,651
Orrville, OH 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[2]
Land	113,000
Site, Land & Building Improvements and Rental Homes	1,135,000
Capitalization Subsequent to Acquisition	303,129
Taylor, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[2]
Land	674,000
Site, Land & Building Improvements and Rental Homes	9,432,800
Capitalization Subsequent to Acquisition	1,732,827
Chambersburg, PA 2 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[4]
Land	63,000
Site, Land & Building Improvements and Rental Homes	584,000
Capitalization Subsequent to Acquisition	5,557
New Middletown, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[3]
Land	152,000
Site, Land & Building Improvements and Rental Homes	3,191,000
Capitalization Subsequent to Acquisition	1,218,816
Wooster, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[2]
Land	767,000
Site, Land & Building Improvements and Rental Homes	5,429,000
Capitalization Subsequent to Acquisition	797,370
Wooster, OH 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[2]
Land	94,000
Site, Land & Building Improvements and Rental Homes	1,040,000
Capitalization Subsequent to Acquisition	10,633
Memphis, TN 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	78,435
Site, Land & Building Improvements and Rental Homes	810,477
Capitalization Subsequent to Acquisition	952,935
Avoca, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[2]
Land	330,000
Site, Land & Building Improvements and Rental Homes	3,794,100
Capitalization Subsequent to Acquisition	712,913
Coxsackie, NY [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	1,757,800
Site, Land & Building Improvements and Rental Homes	0
Capitalization Subsequent to Acquisition	1,497,683
Elkhart, IN 2 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[3]
Land	500,000
Site, Land & Building Improvements and Rental Homes	7,524,000
Capitalization Subsequent to Acquisition	1,490,055
Tunkhannock, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[2]
Land	379,000
Site, Land & Building Improvements and Rental Homes	1,639,000
Capitalization Subsequent to Acquisition	310,990
Olmsted Falls, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	569,000
Site, Land & Building Improvements and Rental Homes	3,031,000
Capitalization Subsequent to Acquisition	678,638
West Grove, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	7,350,262
Land	175,000
Site, Land & Building Improvements and Rental Homes	990,515
Capitalization Subsequent to Acquisition	1,600,405
Carlisle, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	37,540
Site, Land & Building Improvements and Rental Homes	198,321
Capitalization Subsequent to Acquisition	6,719,889
Apollo, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	670,000
Site, Land & Building Improvements and Rental Homes	1,336,600
Capitalization Subsequent to Acquisition	3,518,511
Bloomsburg, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[2]
Land	282,000
Site, Land & Building Improvements and Rental Homes	2,174,800
Capitalization Subsequent to Acquisition	600,563
Belle Vernon, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	150,000
Site, Land & Building Improvements and Rental Homes	2,491,796
Capitalization Subsequent to Acquisition	9,724,884
Marion, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	236,000
Site, Land & Building Improvements and Rental Homes	785,293
Capitalization Subsequent to Acquisition	5,033,760
Carlisle, PA 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	301,000
Site, Land & Building Improvements and Rental Homes	1,419,013
Capitalization Subsequent to Acquisition	507,699
Belle Vernon, PA 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[5]
Land	813,600
Site, Land & Building Improvements and Rental Homes	2,203,506
Capitalization Subsequent to Acquisition	58,430
Magnolia, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	270,000
Site, Land & Building Improvements and Rental Homes	1,941,430
Capitalization Subsequent to Acquisition	5,603,708
Nashville, TN 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	337,000
Site, Land & Building Improvements and Rental Homes	3,379,000
Capitalization Subsequent to Acquisition	1,948,025
Somerset, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	731,900
Land	1,485,000
Site, Land & Building Improvements and Rental Homes	2,050,400
Capitalization Subsequent to Acquisition	5,380,203
Columbiana, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[3]
Land	63,000
Site, Land & Building Improvements and Rental Homes	3,387,000
Capitalization Subsequent to Acquisition	206,625
Jackson, NJ [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	5,871,176
Land	100,095
Site, Land & Building Improvements and Rental Homes	602,820
Capitalization Subsequent to Acquisition	2,338,536
Athens, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	67,000
Site, Land & Building Improvements and Rental Homes	1,326,800
Capitalization Subsequent to Acquisition	1,962,581
Greensburg, PA 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	6,417,395	[1]
Land	299,000
Site, Land & Building Improvements and Rental Homes	5,837,272
Capitalization Subsequent to Acquisition	1,025,661
Somerset, PA 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[1]
Land	287,000
Site, Land & Building Improvements and Rental Homes	6,113,528
Capitalization Subsequent to Acquisition	486,204
Eagleville, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[3]
Land	450,000
Site, Land & Building Improvements and Rental Homes	2,674,000
Capitalization Subsequent to Acquisition	-12,659
Goodlettsville, TN [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	411,000
Site, Land & Building Improvements and Rental Homes	1,867,000
Capitalization Subsequent to Acquisition	2,133,953
Olmsted Twp OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	2,637,077
Land	823,000
Site, Land & Building Improvements and Rental Homes	3,527,000
Capitalization Subsequent to Acquisition	969,541
Goshen, IN 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[3]
Land	650,000
Site, Land & Building Improvements and Rental Homes	6,307,000
Capitalization Subsequent to Acquisition	1,032,172
Ruffs Dale, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[5]
Land	284,000
Site, Land & Building Improvements and Rental Homes	2,266,750
Capitalization Subsequent to Acquisition	50,862
Ravenna, OH 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[6]
Land	198,000
Site, Land & Building Improvements and Rental Homes	2,779,260
Capitalization Subsequent to Acquisition	186,289
Ravenna, OH 2 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[6]
Land	996,000
Site, Land & Building Improvements and Rental Homes	6,542,178
Capitalization Subsequent to Acquisition	1,006,862
Ephrata, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[4]
Land	114,000
Site, Land & Building Improvements and Rental Homes	994,000
Capitalization Subsequent to Acquisition	245,557
Ephrata, PA 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[4]
Land	134,000
Site, Land & Building Improvements and Rental Homes	1,665,000
Capitalization Subsequent to Acquisition	386,890
Ephrata, PA 2 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[4]
Land	191,000
Site, Land & Building Improvements and Rental Homes	4,359,000
Capitalization Subsequent to Acquisition	555,107
Ephrata, PA 3 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[4]
Land	72,000
Site, Land & Building Improvements and Rental Homes	1,746,000
Capitalization Subsequent to Acquisition	2,508
Doylestown, PA [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[3]
Land	2,650,000
Site, Land & Building Improvements and Rental Homes	8,266,000
Capitalization Subsequent to Acquisition	-11,992
Honey Brook, PA 1 [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[3]
Land	1,380,000
Site, Land & Building Improvements and Rental Homes	5,348,000
Capitalization Subsequent to Acquisition	157,821
Hamburg, NY [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[1]
Land	424,000
Site, Land & Building Improvements and Rental Homes	3,812,000
Capitalization Subsequent to Acquisition	2,353,158
Lebanon, TN [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	1,184,000
Site, Land & Building Improvements and Rental Homes	4,034,480
Capitalization Subsequent to Acquisition	4,299,168
West Monroe, NY [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	77,000
Site, Land & Building Improvements and Rental Homes	841,000
Capitalization Subsequent to Acquisition	1,493,572
Eatontown, NJ [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	157,421
Site, Land & Building Improvements and Rental Homes	280,749
Capitalization Subsequent to Acquisition	1,019,343
Caledonia, OH [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances	0
Land	260,000
Site, Land & Building Improvements and Rental Homes	1,753,206
Capitalization Subsequent to Acquisition	3,330,308
Youngstown, NY [Member]
Summary of real estate and accumulated depreciation on real estate
Encumbrances		[2]
Land	269,000
Site, Land & Building Improvements and Rental Homes	1,606,000
Capitalization Subsequent to Acquisition	$23,054
[1]	Represents one mortgage note payable secured by two properties.
[2]	Represents one mortgage note payable secured by five properties.
[3]	Represents one mortgage not payable secured by thirteen properties.
[4]	Represents one mortgage note payable secured by eleven properties.
[5]	Represents one mortgage note payable secured by four properties.
[6]	Represents one mortgage note payable secured by three properties.

Real_Estate_and_Accumulated_De2

Real Estate and Accumulated Depreciation (Details 1) (USD $)	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Summary of real estate and accumulated depreciation
Land	$39,133,514	[1],[2]
Site, Land & Building Improvements and Rental Homes	409,030,945	[1],[2]
Total	448,164,459		365,824,412	253,490,055	191,252,542
Accumulated Depreciation	90,419,913		76,435,743	65,658,602	58,994,093
Memphis, TN [Member]
Summary of real estate and accumulated depreciation
Land	480,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	10,609,460	[1],[2]
Total	11,089,460	[1],[2]
Accumulated Depreciation	4,411,922	[1],[2]
Orrville, OH [Member]
Summary of real estate and accumulated depreciation
Land	114,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,341,500	[1],[2]
Total	1,455,500	[1],[2]
Accumulated Depreciation	53,598
Birch Run, MI [Member]
Summary of real estate and accumulated depreciation
Land	70,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	3,329,478	[1],[2]
Total	3,399,478	[1],[2]
Accumulated Depreciation	255,376
Goshen, IN [Member]
Summary of real estate and accumulated depreciation
Land	1,120,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	12,863,638	[1],[2]
Total	13,983,638	[1],[2]
Accumulated Depreciation	895,695
Berwick, PA [Member]
Summary of real estate and accumulated depreciation
Land	372,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	5,415,151	[1],[2]
Total	5,787,151	[1],[2]
Accumulated Depreciation	731,483
Greenfield Ctr, NY [Member]
Summary of real estate and accumulated depreciation
Land	122,865	[1],[2]
Site, Land & Building Improvements and Rental Homes	3,841,132	[1],[2]
Total	3,963,997	[1],[2]
Accumulated Depreciation	1,956,851
Chambersburg, PA [Member]
Summary of real estate and accumulated depreciation
Land	176,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,861,569	[1],[2]
Total	3,037,569	[1],[2]
Accumulated Depreciation	223,159
Vineland, NJ [Member]
Summary of real estate and accumulated depreciation
Land	408,206	[1],[2]
Site, Land & Building Improvements and Rental Homes	3,824,562	[1],[2]
Total	4,232,768	[1],[2]
Accumulated Depreciation	2,575,753
Chambersburg, PA 1 [Member]
Summary of real estate and accumulated depreciation
Land	108,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,644,338	[1],[2]
Total	2,752,338	[1],[2]
Accumulated Depreciation	222,658
Sayre, PA [Member]
Summary of real estate and accumulated depreciation
Land	124,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,327,421	[1],[2]
Total	2,451,421	[1],[2]
Accumulated Depreciation	186,335
Lewistown, PA [Member]
Summary of real estate and accumulated depreciation
Land	137,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,557,226	[1],[2]
Total	1,694,226	[1],[2]
Accumulated Depreciation	110,796
Tiffin, OH [Member]
Summary of real estate and accumulated depreciation
Land	142,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	3,371,322	[1],[2]
Total	3,513,322	[1],[2]
Accumulated Depreciation	397,120
Horseheads, NY [Member]
Summary of real estate and accumulated depreciation
Land	196,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	3,002,128	[1],[2]
Total	3,198,128	[1],[2]
Accumulated Depreciation	224,293
Wintersville, OH [Member]
Summary of real estate and accumulated depreciation
Land	67,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	4,722,241	[1],[2]
Total	4,789,241	[1],[2]
Accumulated Depreciation	319,009
Muncie, IN [Member]
Summary of real estate and accumulated depreciation
Land	174,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	3,480,975	[1],[2]
Total	3,654,975	[1],[2]
Accumulated Depreciation	279,946
Ravenna, OH [Member]
Summary of real estate and accumulated depreciation
Land	205,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	3,236,773	[1],[2]
Total	3,441,773	[1],[2]
Accumulated Depreciation	93,711
Columbia, TN [Member]
Summary of real estate and accumulated depreciation
Land	394,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	10,097,292	[1],[2]
Total	10,491,292	[1],[2]
Accumulated Depreciation	1,197,084
Cranberry Twp, PA [Member]
Summary of real estate and accumulated depreciation
Land	181,930	[1],[2]
Site, Land & Building Improvements and Rental Homes	4,373,417	[1],[2]
Total	4,555,347	[1],[2]
Accumulated Depreciation	2,478,191
Sayre, PA 1 [Member]
Summary of real estate and accumulated depreciation
Land	363,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,580,236	[1],[2]
Total	2,943,236	[1],[2]
Accumulated Depreciation	208,796
Duncansville, PA [Member]
Summary of real estate and accumulated depreciation
Land	60,774	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,627,163	[1],[2]
Total	2,687,937	[1],[2]
Accumulated Depreciation	1,026,981
Toronto, OH [Member]
Summary of real estate and accumulated depreciation
Land	275,600	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,744,052	[1],[2]
Total	3,019,652	[1],[2]
Accumulated Depreciation	50,465
New Springfield, OH [Member]
Summary of real estate and accumulated depreciation
Land	226,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,505,326	[1],[2]
Total	2,731,326	[1],[2]
Accumulated Depreciation	74,714
Clifton Park, NY [Member]
Summary of real estate and accumulated depreciation
Land	391,724	[1],[2]
Site, Land & Building Improvements and Rental Homes	3,460,919	[1],[2]
Total	3,852,643	[1],[2]
Accumulated Depreciation	1,726,688
Lodi, OH [Member]
Summary of real estate and accumulated depreciation
Land	99,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,181,214	[1],[2]
Total	1,280,214	[1],[2]
Accumulated Depreciation	35,265
Bedford, OH [Member]
Summary of real estate and accumulated depreciation
Land	49,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,395,492	[1],[2]
Total	2,444,492	[1],[2]
Accumulated Depreciation	87,038
Mantua, OH [Member]
Summary of real estate and accumulated depreciation
Land	105,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,489,280	[1],[2]
Total	1,594,280	[1],[2]
Accumulated Depreciation	42,236
Millville, NJ [Member]
Summary of real estate and accumulated depreciation
Land	2,534,892	[1],[2]
Site, Land & Building Improvements and Rental Homes	7,941,682	[1],[2]
Total	10,476,574	[1],[2]
Accumulated Depreciation	4,270,502
Elkhart, IN [Member]
Summary of real estate and accumulated depreciation
Land	440,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	7,869,604	[1],[2]
Total	8,309,604	[1],[2]
Accumulated Depreciation	589,049
Cranberry Twp, PA 1 [Member]
Summary of real estate and accumulated depreciation
Land	75,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	5,644,683	[1],[2]
Total	5,719,683	[1],[2]
Accumulated Depreciation	2,437,412
Schuylkill Haven, PA [Member]
Summary of real estate and accumulated depreciation
Land	643,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	5,983,295	[1],[2]
Total	6,626,295	[1],[2]
Accumulated Depreciation	501,251
Chambersburg, PA 2 [Member]
Summary of real estate and accumulated depreciation
Land	63,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	589,557	[1],[2]
Total	652,557	[1],[2]
Accumulated Depreciation	51,584
Honey Brook, PA [Member]
Summary of real estate and accumulated depreciation
Land	370,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,281,433	[1],[2]
Total	1,651,433	[1],[2]
Accumulated Depreciation	84,706
Dublin, OH [Member]
Summary of real estate and accumulated depreciation
Land	248,100	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,244,876	[1],[2]
Total	2,492,976	[1],[2]
Accumulated Depreciation	39,748
Inkerman, PA [Member]
Summary of real estate and accumulated depreciation
Land	572,500	[1],[2]
Site, Land & Building Improvements and Rental Homes	8,065,804	[1],[2]
Total	8,638,304	[1],[2]
Accumulated Depreciation	3,976,279
Elkhart, IN 1 [Member]
Summary of real estate and accumulated depreciation
Land	510,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	7,773,293	[1],[2]
Total	8,283,293	[1],[2]
Accumulated Depreciation	567,895
Kutztown, PA [Member]
Summary of real estate and accumulated depreciation
Land	404,239	[1],[2]
Site, Land & Building Improvements and Rental Homes	12,018,691	[1],[2]
Total	12,422,930	[1],[2]
Accumulated Depreciation	5,355,140
Greensburgh, PA [Member]
Summary of real estate and accumulated depreciation
Land	483,600	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,833,079	[1],[2]
Total	3,316,679	[1],[2]
Accumulated Depreciation	51,554
Nashville, TN [Member]
Summary of real estate and accumulated depreciation
Land	1,632,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	8,645,213	[1],[2]
Total	10,277,213	[1],[2]
Accumulated Depreciation	449,681
Peninsula, OH [Member]
Summary of real estate and accumulated depreciation
Land	141,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	3,941,356	[1],[2]
Total	4,082,356	[1],[2]
Accumulated Depreciation	111,142
Clinton, OH [Member]
Summary of real estate and accumulated depreciation
Land	686,400	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,830,902	[1],[2]
Total	3,517,302	[1],[2]
Accumulated Depreciation	52,591
Monticello, NY [Member]
Summary of real estate and accumulated depreciation
Land	352,972	[1],[2]
Site, Land & Building Improvements and Rental Homes	9,005,997	[1],[2]
Total	9,358,969	[1],[2]
Accumulated Depreciation	3,833,077
Navarre, OH [Member]
Summary of real estate and accumulated depreciation
Land	290,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	7,952,938	[1],[2]
Total	8,242,938	[1],[2]
Accumulated Depreciation	2,905,512
Cresson, PA [Member]
Summary of real estate and accumulated depreciation
Land	432,700	[1],[2]
Site, Land & Building Improvements and Rental Homes	4,329,077	[1],[2]
Total	4,761,777	[1],[2]
Accumulated Depreciation	1,544,649
Orrville, OH 1 [Member]
Summary of real estate and accumulated depreciation
Land	113,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,438,129	[1],[2]
Total	1,551,129	[1],[2]
Accumulated Depreciation	49,565
Taylor, PA [Member]
Summary of real estate and accumulated depreciation
Land	674,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	11,165,627	[1],[2]
Total	11,839,627	[1],[2]
Accumulated Depreciation	1,503,215
New Middletown, OH [Member]
Summary of real estate and accumulated depreciation
Land	152,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	4,409,816	[1],[2]
Total	4,561,816	[1],[2]
Accumulated Depreciation	356,493
Wooster, OH [Member]
Summary of real estate and accumulated depreciation
Land	767,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	6,226,370	[1],[2]
Total	6,993,370	[1],[2]
Accumulated Depreciation	229,927
Wooster, OH 1 [Member]
Summary of real estate and accumulated depreciation
Land	94,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,050,633	[1],[2]
Total	1,144,633	[1],[2]
Accumulated Depreciation	41,278
Memphis, TN 1 [Member]
Summary of real estate and accumulated depreciation
Land	335,935	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,505,912	[1],[2]
Total	1,841,847	[1],[2]
Accumulated Depreciation	1,161,152
Ephrata, PA [Member]
Summary of real estate and accumulated depreciation
Land	114,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,239,557	[1],[2]
Total	1,353,557	[1],[2]
Accumulated Depreciation	101,446
Avoca, PA [Member]
Summary of real estate and accumulated depreciation
Land	330,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	4,507,013	[1],[2]
Total	4,837,013	[1],[2]
Accumulated Depreciation	596,707
Ephrata, PA 1 [Member]
Summary of real estate and accumulated depreciation
Land	134,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,051,890	[1],[2]
Total	2,185,890	[1],[2]
Accumulated Depreciation	161,274
Coxsackie, NY [Member]
Summary of real estate and accumulated depreciation
Land	2,218,800	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,036,683	[1],[2]
Total	3,255,483	[1],[2]
Accumulated Depreciation	142,831
Elkhart, IN 2 [Member]
Summary of real estate and accumulated depreciation
Land	500,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	9,014,055	[1],[2]
Total	9,514,055	[1],[2]
Accumulated Depreciation	643,903
Tunkhannock, PA [Member]
Summary of real estate and accumulated depreciation
Land	379,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,949,990	[1],[2]
Total	2,328,990	[1],[2]
Accumulated Depreciation	268,677
Olmsted Falls, OH [Member]
Summary of real estate and accumulated depreciation
Land	569,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	3,709,638	[1],[2]
Total	4,278,638	[1],[2]
Accumulated Depreciation	264,561
West Grove, PA [Member]
Summary of real estate and accumulated depreciation
Land	155,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,610,920	[1],[2]
Total	2,765,920	[1],[2]
Accumulated Depreciation	1,861,355
Carlisle, PA [Member]
Summary of real estate and accumulated depreciation
Land	145,473	[1],[2]
Site, Land & Building Improvements and Rental Homes	6,810,277	[1],[2]
Total	6,955,750	[1],[2]
Accumulated Depreciation	2,167,988
Apollo, PA [Member]
Summary of real estate and accumulated depreciation
Land	732,089	[1],[2]
Site, Land & Building Improvements and Rental Homes	4,793,022	[1],[2]
Total	5,525,111	[1],[2]
Accumulated Depreciation	1,900,600
Bloomsburg, PA [Member]
Summary of real estate and accumulated depreciation
Land	282,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,775,363	[1],[2]
Total	3,057,363	[1],[2]
Accumulated Depreciation	365,881
Belle Vernon, PA [Member]
Summary of real estate and accumulated depreciation
Land	505,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	11,861,680	[1],[2]
Total	12,366,680	[1],[2]
Accumulated Depreciation	5,249,997
Marion, OH [Member]
Summary of real estate and accumulated depreciation
Land	236,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	5,819,053	[1],[2]
Total	6,055,053	[1],[2]
Accumulated Depreciation	2,803,077
Carlisle, PA 1 [Member]
Summary of real estate and accumulated depreciation
Land	301,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,926,712	[1],[2]
Total	2,227,712	[1],[2]
Accumulated Depreciation	115,523
Belle Vernon, PA 1 [Member]
Summary of real estate and accumulated depreciation
Land	813,600	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,261,936	[1],[2]
Total	3,075,536	[1],[2]
Accumulated Depreciation	47,589
Magnolia, OH [Member]
Summary of real estate and accumulated depreciation
Land	270,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	7,545,138	[1],[2]
Total	7,815,138	[1],[2]
Accumulated Depreciation	3,868,316
Nashville, TN 1 [Member]
Summary of real estate and accumulated depreciation
Land	337,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	5,327,025	[1],[2]
Total	5,664,025	[1],[2]
Accumulated Depreciation	565,276
Somerset, PA [Member]
Summary of real estate and accumulated depreciation
Land	1,488,600	[1],[2]
Site, Land & Building Improvements and Rental Homes	7,427,003	[1],[2]
Total	8,915,603	[1],[2]
Accumulated Depreciation	2,200,359
Columbiana, OH [Member]
Summary of real estate and accumulated depreciation
Land	63,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	3,593,625	[1],[2]
Total	3,656,625	[1],[2]
Accumulated Depreciation	297,702
Jackson, NJ [Member]
Summary of real estate and accumulated depreciation
Land	100,095	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,941,356	[1],[2]
Total	3,041,451	[1],[2]
Accumulated Depreciation	1,843,215
Athens, OH [Member]
Summary of real estate and accumulated depreciation
Land	67,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	3,289,381	[1],[2]
Total	3,356,381	[1],[2]
Accumulated Depreciation	1,263,843
Greensburg, PA 1 [Member]
Summary of real estate and accumulated depreciation
Land	299,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	6,862,933	[1],[2]
Total	7,161,933	[1],[2]
Accumulated Depreciation	1,012,803
Ravenna, OH 1 [Member]
Summary of real estate and accumulated depreciation
Land	198,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,965,549	[1],[2]
Total	3,163,549	[1],[2]
Accumulated Depreciation	87,990
Somerset, PA 1 [Member]
Summary of real estate and accumulated depreciation
Land	287,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	6,599,732	[1],[2]
Total	6,886,732	[1],[2]
Accumulated Depreciation	1,051,390
Eagleville, PA [Member]
Summary of real estate and accumulated depreciation
Land	450,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,661,341	[1],[2]
Total	3,111,341	[1],[2]
Accumulated Depreciation	177,682
Goodlettsville, TN [Member]
Summary of real estate and accumulated depreciation
Land	411,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	4,000,953	[1],[2]
Total	4,411,953	[1],[2]
Accumulated Depreciation	389,129
Olmsted Falls, OH 1 [Member]
Summary of real estate and accumulated depreciation
Land	998,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	4,321,541	[1],[2]
Total	5,319,541	[1],[2]
Accumulated Depreciation	321,272
Goshen, IN 1 [Member]
Summary of real estate and accumulated depreciation
Land	650,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	7,339,172	[1],[2]
Total	7,989,172	[1],[2]
Accumulated Depreciation	482,924
Ruffs Dale, PA [Member]
Summary of real estate and accumulated depreciation
Land	284,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,317,612	[1],[2]
Total	2,601,612	[1],[2]
Accumulated Depreciation	43,488
Ravenna, OH 2 [Member]
Summary of real estate and accumulated depreciation
Land	996,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	7,549,040	[1],[2]
Total	8,545,040	[1],[2]
Accumulated Depreciation	213,962
Ephrata, PA 2 [Member]
Summary of real estate and accumulated depreciation
Land	191,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	4,914,107	[1],[2]
Total	5,105,107	[1],[2]
Accumulated Depreciation	409,151
Ephrata, PA 3 [Member]
Summary of real estate and accumulated depreciation
Land	72,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,748,508	[1],[2]
Total	1,820,508	[1],[2]
Accumulated Depreciation	153,686
Doylestown, PA [Member]
Summary of real estate and accumulated depreciation
Land	2,650,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	8,254,008	[1],[2]
Total	10,904,008	[1],[2]
Accumulated Depreciation	550,226
Honey Brook, PA 1 [Member]
Summary of real estate and accumulated depreciation
Land	1,380,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	5,505,821	[1],[2]
Total	6,885,821	[1],[2]
Accumulated Depreciation	391,197
Hamburg, NY [Member]
Summary of real estate and accumulated depreciation
Land	424,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	6,165,158	[1],[2]
Total	6,589,158	[1],[2]
Accumulated Depreciation	2,895,919
Lebanon, TN [Member]
Summary of real estate and accumulated depreciation
Land	1,184,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	8,333,648	[1],[2]
Total	9,517,648	[1],[2]
Accumulated Depreciation	1,947,596
West Monroe, NY [Member]
Summary of real estate and accumulated depreciation
Land	77,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	2,334,572	[1],[2]
Total	2,411,572	[1],[2]
Accumulated Depreciation	666,277
Eatontown, NJ [Member]
Summary of real estate and accumulated depreciation
Land	135,420	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,322,093	[1],[2]
Total	1,457,513	[1],[2]
Accumulated Depreciation	615,534
Caledonia, OH [Member]
Summary of real estate and accumulated depreciation
Land	260,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	5,083,514	[1],[2]
Total	5,343,514	[1],[2]
Accumulated Depreciation	2,186,870
Youngstown, NY [Member]
Summary of real estate and accumulated depreciation
Land	269,000	[1],[2]
Site, Land & Building Improvements and Rental Homes	1,629,054	[1],[2]
Total	1,898,054	[1],[2]
Accumulated Depreciation	$64,132
[1]	Represents one mortgage note payable secured by two properties.
[2]	Represents one mortgage not payable secured by thirteen properties.

Real_Estate_and_Accumulated_De3

Real Estate and Accumulated Depreciation (Details 2)	12 Months Ended
	Dec. 31, 2014
Memphis, TN [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1980
Date Acquired	1986
Depreciable Life (in years)	5 to 27.5
Berwick, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1973-1976
Date Acquired	2010
Depreciable Life (in years)	5 to 27.5
Greenfield Ctr, NY [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1970
Date Acquired	1977
Depreciable Life (in years)	5 to 27.5
Chambersburg, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1963
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5
Vineland, NJ [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1973
Date Acquired	1986
Depreciable Life (in years)	27.5
Chambersburg, PA 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1955
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5
Sayre, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1972
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5
Lewistown, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1980
Date Acquired	2011
Depreciable Life (in years)	5 to 27.5
Tiffin, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1968/1987
Date Acquired	2011
Depreciable Life (in years)	27.5
Horseheads, NY [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1970
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5
Wintersville, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1972
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5
Muncie, IN [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1996
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5
Columbia, TN [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1988/1992
Date Acquired	2011
Depreciable Life (in years)	5 to 27.5
Cranberry Twp, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1974
Date Acquired	1986
Depreciable Life (in years)	5 to 27.5
Duncansville, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1961
Date Acquired	1979
Depreciable Life (in years)	5 to 27.5
Clifton Park, NY [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1972
Date Acquired	1978
Depreciable Life (in years)	5 to 27.5
Millville, NJ [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1980
Date Acquired	1985
Depreciable Life (in years)	5 to 27.5
Cranberry Twp, PA 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1980
Date Acquired	1982
Depreciable Life (in years)	5 to 27.5
Schuylkill Haven, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1969
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5
Chambersburg, PA 2 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1978
Date Acquired	2012
Depreciable Life (in years)	27.5
Inkerman, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1970
Date Acquired	1992
Depreciable Life (in years)	5 to 27.5
Kutztown, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1971
Date Acquired	1979
Depreciable Life (in years)	5 to 27.5
Nashville, TN [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1967
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Monticello, NY [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1972
Date Acquired	1988
Depreciable Life (in years)	5 to 27.5
Navarre, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1980
Date Acquired	1987
Depreciable Life (in years)	5 to 27.5
Cresson, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1980
Date Acquired	2001
Depreciable Life (in years)	5 to 27.5
Taylor, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1972
Date Acquired	2010
Depreciable Life (in years)	5 to 27.5
New Middletown, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1957
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5
Wooster, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1970-1978
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Wooster, OH 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1995
Date Acquired	2013
Depreciable Life (in years)	27.5
Memphis, TN 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1955
Date Acquired	1985
Depreciable Life (in years)	27.5
Avoca, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1972
Date Acquired	2010
Depreciable Life (in years)	5 to 27.5
Coxsackie, NY [Member]
Summary of real estate and accumulated depreciation
Date of Construction	N/A
Date Acquired	2005
Depreciable Life (in years)	5 to 27.5
Tunkhannock, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1972
Date Acquired	2010
Depreciable Life (in years)	5 to 27.5
Olmsted Falls, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1953/1970
Date Acquired	2012
Depreciable Life (in years)	27.5
West Grove, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1971
Date Acquired	1974
Depreciable Life (in years)	5 to 27.5
Carlisle, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1961
Date Acquired	1969
Depreciable Life (in years)	5 to 27.5
Bloomsburg, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1960's
Date Acquired	2010
Depreciable Life (in years)	5 to 27.5
Belle Vernon, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1973
Date Acquired	1983
Depreciable Life (in years)	5 to 27.5
Marion, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1950
Date Acquired	1986
Depreciable Life (in years)	5 to 27.5
Magnolia, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1980
Date Acquired	1985
Depreciable Life (in years)	5 to 27.5
Somerset, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1980
Date Acquired	2004
Depreciable Life (in years)	27.5
Columbiana, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1983
Date Acquired	2012
Depreciable Life (in years)	27.5
Jackson, NJ [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1969
Date Acquired	1969
Depreciable Life (in years)	5 to 27.5
Athens, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1980
Date Acquired	1996
Depreciable Life (in years)	5 to 27.5
Greensburgh, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1980
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
Somerset, PA 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1970
Date Acquired	2010
Depreciable Life (in years)	5 to 27.5
Goodlettsville, TN [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1964
Date Acquired	2011
Depreciable Life (in years)	5 to 27.5
Apollo, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1980
Date Acquired	1995
Depreciable Life (in years)	5 to 27.5
Ephrata, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1969
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5
Ephrata, PA 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1972
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5
Hamburg, NY [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1980
Date Acquired	1997
Depreciable Life (in years)	5 to 27.5
West Monroe, NY [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1980
Date Acquired	2003
Depreciable Life (in years)	5 to 27.5
Lebanon Tn [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1997
Date Acquired	2006
Depreciable Life (in years)	5 to 27.5
Eatontown, NJ [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1964
Date Acquired	1978
Depreciable Life (in years)	5 to 27.5
Caledonia, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	prior to 1980
Date Acquired	1996
Depreciable Life (in years)	5 to 27.5
Orrville, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1971/1985/1995
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Birch Run, MI [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1976-1977
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Goshen, IN [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1950/1990
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Elkhart, IN [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1996-1997
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Honey Brook, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1970
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Elkhart, IN 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1969
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Orrville, OH 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1968
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Elkhart, IN 2 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1990
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Carlisle, PA 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1972-1975
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Nashville, TN 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1954
Date Acquired	2011
Depreciable Life (in years)	5 to 27.5
Eagleville, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1960
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Goshen, IN 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1956/1990
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Olmsted Twp OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1952/1997
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5
Doylestown, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1959
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Honey Brook, PA 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1970
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Youngstown, NY [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1963
Date Acquired	2013
Depreciable Life (in years)	5 to 27.5
Ravenna, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1972
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
Sayre, PA 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1964
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5
Toronto, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1950-1957
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
New Springfield, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1973
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
Lodi, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1965
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
Mantua Oh [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1960
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
Dublin, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1973
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
Bedford, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1960
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
Peninsula, OH [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1956
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
Clinton, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1987
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
Belle Vernon, PA 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1970
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
Greensburg, PA 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1968/1980
Date Acquired	2010
Depreciable Life (in years)	5 to 27.5
Ravenna, OH 1 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1969
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
Ruffs Dale, PA [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1974
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
Ravenna, OH 2 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1960-1970
Date Acquired	2014
Depreciable Life (in years)	5 to 27.5
Ephrata, PA 2 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1961
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5
Ephrata, PA 3 [Member]
Summary of real estate and accumulated depreciation
Date of Construction	1999
Date Acquired	2012
Depreciable Life (in years)	5 to 27.5

Real_Estate_and_Accumulated_De4

Real Estate and Accumulated Depreciation (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Schedule of reconciliation of fixed assets
Balance - Beginning of Year	$365,824,412	$253,490,055	$191,252,542
Additions:
Acquisitions	42,422,064	88,211,013	47,376,000
Improvements	40,798,234	26,041,264	16,121,717
Total Additions	83,220,298	114,252,277	63,497,717
Deletions	-880,251	-1,917,920	-1,260,204
Balance - End of Year	$448,164,459	$365,824,412	$253,490,055

Real_Estate_and_Accumulated_De5

Real Estate and Accumulated Depreciation (Details 4) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Schedule of reconciliation of accumulated depreciation
Balance - Beginning of Year	$76,435,743	$65,658,602	$58,994,093
Additions:
Depreciation	14,341,575	11,318,194	6,869,251
Total Additions	14,341,575	11,318,194	6,869,251
Deletions	-357,405	-541,053	-204,742
Balance - End of Year	$90,419,913	$76,435,743	$65,658,602

Real_Estate_and_Accumulated_De6

Real Estate and Accumulated Depreciation (Details Textual)	12 Months Ended
	Dec. 31, 2014
	Property
	Home_Site
Memphis, TN [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	2
Berwick, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Chambersburg, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	11
Chambersburg, PA 1 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	11
Sayre, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	11
Tiffin, OH [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	2
Horseheads, NY [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	11
Clifton Park, NY [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	2
Schuylkill Haven, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	11
Chambersburg, PA 2 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	11
Taylor, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Avoca, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Bloomsburg, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Greensburgh, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	4
Ephrata, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	11
Ephrata, PA 1 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	11
Hamburg, NY [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	2
Tunkhannock, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Birch Run, MI [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	13
Orrville, OH [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Goshen, IN [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	13
Wintersville, OH [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	13
Elkhart, IN [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	13
Honey Brook, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	13
New Middletown, OH [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	13
Wooster, OH [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Wooster, OH 1 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Columbiana, OH [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	13
Somerset, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	2
Eagleville, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	13
Doylestown, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	13
Youngstown, NY [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Orrville, OH 1 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Elkhart, IN 1 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	13
Sayre, PA 1 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	11
Ephrata, PA 2 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	11
Ephrata, PA 3 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	11
Lodi, OH [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Bedford, OH [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Mantua, OH [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Peninsula, OH [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	3
Greensburg, PA 1 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	2
Ravenna, OH 1 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	3
Ravenna, OH 2 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	3
Ruffs Dale, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	4
Goshen, IN 1 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	13
Honey Brook, PA 1 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	13
Clinton, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	4
Belle Vernon, PA [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	4
New Springfield, OH [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5
Elkhart, IN 2 [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	13
Ravenna, OH [Member]
Real Estate and Accumulated Depreciation (Textual)
Number of mortgage note payable secured by properties	1
Number of properties placed for mortgage note payable	5