XML 18 R50.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Financial Information (Detail) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Segment Reporting Information [Line Items]          
Segment Reporting Information, Revenue for Reportable Segment $ 176,609,000 $ 157,322,000 $ 524,654,000 $ 416,256,000  
Operations expenses (88,367,000) (81,083,000) (256,867,000) (213,933,000)  
Income from segment operations 88,242,000 76,239,000 267,787,000 202,323,000  
Interest income 2,454,000 2,188,000 7,253,000 4,173,000  
Depreciation on real estate and rental homes (26,294,000) (22,925,000) (78,620,000) (59,234,000)  
Amortization of in-place leases (7,548,000) (10,759,000) (44,314,000) (10,759,000)  
Income from operations 56,854,000 44,743,000 152,106,000 136,503,000  
Reconciliation to Consolidated net income          
Other revenues 2,765,000 4,534,000 6,039,000 6,448,000  
General and administrative (6,535,000) (6,412,000) (19,724,000) (18,070,000)  
Acquisition Costs 0 (15,216,000) 0 (17,333,000)  
Interest and related amortization (31,640,000) (26,084,000) (93,434,000) (68,931,000)  
Rent control initiatives and other (221,000) (467,000) (1,067,000) (1,558,000)  
Equity in income of unconsolidated joint ventures 269,000 257,000 1,524,000 1,582,000  
Consolidated net income 21,492,000 1,355,000 45,444,000 38,641,000  
Total assets 3,497,125,000 3,292,805,000 3,497,125,000 3,292,805,000 3,496,101,000
Capital improvements     53,164,000 41,396,000  
Property Operations segment
         
Segment Reporting Information [Line Items]          
Segment Reporting Information, Revenue for Reportable Segment 170,776,000 153,234,000 507,739,000 406,105,000  
Operations expenses (83,973,000) (77,758,000) (243,773,000) (205,590,000)  
Income from segment operations 86,803,000 75,476,000 263,966,000 200,515,000  
Interest income 750,000 919,000 2,387,000 2,500,000  
Depreciation on real estate and rental homes (24,703,000) (21,675,000) (74,101,000) (56,158,000)  
Amortization of in-place leases (7,396,000) (10,759,000) (43,220,000) (10,759,000)  
Income from operations 55,454,000 43,961,000 149,032,000 136,098,000  
Reconciliation to Consolidated net income          
Total assets 3,260,654,000 3,091,731,000 3,260,654,000 3,091,731,000  
Capital improvements     21,459,000 16,728,000  
Home Sales and Rentals Operations segment
         
Segment Reporting Information [Line Items]          
Segment Reporting Information, Revenue for Reportable Segment 5,833,000 4,088,000 16,915,000 10,151,000  
Operations expenses (4,394,000) (3,325,000) (13,094,000) (8,343,000)  
Income from segment operations 1,439,000 763,000 3,821,000 1,808,000  
Interest income 1,704,000 1,269,000 4,866,000 1,673,000  
Depreciation on real estate and rental homes (1,591,000) (1,250,000) (4,519,000) (3,076,000)  
Amortization of in-place leases (152,000) 0 (1,094,000) 0  
Income from operations 1,400,000 782,000 3,074,000 405,000  
Reconciliation to Consolidated net income          
Total assets 236,471,000 201,074,000 236,471,000 201,074,000  
Capital improvements     $ 31,705,000 $ 24,668,000