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Consolidated Statements of Operations (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Community base rental income $ 414,170,000 $ 318,851,000 $ 259,351,000
Resort base rental income 134,327,000 130,489,000 129,481,000
Right-to-use annual payments 47,662,000 49,122,000 49,831,000
Right-to-use contracts current period, gross 13,433,000 17,856,000 19,496,000
Right-to-use contracts, deferred, net of prior period amortization (6,694,000) (11,936,000) (14,856,000)
Utility and other income 64,432,000 53,843,000 48,357,000
Gross revenues from home sales 8,566,000 6,088,000 6,120,000
Brokered resale revenues, net 3,114,000 3,464,000 4,408,000
Interest income 10,009,000 7,000,000 4,419,000
Income from other investments, net 6,793,000 6,452,000 5,740,000
Total revenues 709,877,000 589,199,000 517,299,000
Expenses:      
Property operating and maintenance 226,952,000 200,623,000 185,786,000
Real estate taxes 47,623,000 37,619,000 32,110,000
Sales and marketing, gross 10,846,000 11,219,000 12,606,000
Sales and marketing, deferred commissions, net (3,155,000) (4,789,000) (5,525,000)
Property management 38,460,000 35,076,000 32,639,000
Amortization of Intangible Assets 45,122,000 28,479,000 0
Cost of home sales 9,475,000 5,683,000 5,396,000
Home selling expenses 1,411,000 1,589,000 2,078,000
General and administrative 26,744,000 23,833,000 22,559,000
Transaction costs 180,000 18,493,000 0
Goodwill impairment 0 0 3,635,000
Interest and related amortization 124,524,000 99,668,000 91,151,000
Total expenses 641,914,000 548,643,000 458,698,000
Income before equity in income of unconsolidated joint ventures 67,963,000 40,556,000 58,601,000
Equity in income of unconsolidated joint ventures 1,899,000 1,948,000 2,027,000
Discontinued Operations:      
(Loss) income from discontinued real estate 4,596,000 0 (231,000)
Consolidated net income 74,458,000 42,504,000 60,397,000
Adjustment for fair market value of swap (43,000) (2,547,000) 0
Consolidated comprehensive income (loss) 74,415,000 39,957,000 60,397,000
Comprehensive (income) loss allocated to non-controlling interests – Common OP Units 54,741,000 20,467,000 38,354,000
Income allocated to non-controlling interests-Common OP Units (5,067,000) (3,105,000) (5,903,000)
Net income available for Common Shares 59,845,000 26,346,000 44,257,000
Earnings per Common Share-Basic:      
Net income available for Common Shares $ 1.33 $ 0.64 $ 1.26
Earnings per Common Share-Fully Diluted:      
Net income available for Common Shares $ 1.32 $ 0.64 $ 1.25
Weighted average Common Shares outstanding-basic 41,174 35,591 30,517
Weighted average Common Shares outstanding-fully diluted 45,431 40,330 35,518
Net income available for Common Shares-basic 54,778,000 22,775,000 38,354,000
Rental home income 14,065,000 7,970,000 4,952,000
Rental home operating and maintenance 7,359,000 4,850,000 3,111,000
Real Estate Depreciation Expense and Rental Homes 104,917,000 84,257,000 70,952,000
Rent control initiatives and other 1,456,000 2,043,000 2,200,000
Distributions declared per Common Share outstanding $ 1.75 $ 1.50 $ 1.20
Cumulative Series Eight Point Zero Three Four Percent Redeemable Perpetual Preferred Stock [Member]
     
Earnings per Common Share-Fully Diluted:      
Redeemable Preferred Stock Dividends (11,704,000) (13,357,000) 0
Series B Subordinated Non-Voting Cumulative Redeemable Preferred Stock
     
Earnings per Common Share-Fully Diluted:      
Redeemable Preferred Stock Dividends 0 (466,000) 0
Cumulative Series C Six Point Seven Five Percent Redeemable Perpetual Preferred Stock [Member]
     
Earnings per Common Share-Fully Diluted:      
Redeemable Preferred Stock Dividends (2,909,000) 0 0
Noncontrolling Interest Of Common Units [Member]
     
Discontinued Operations:      
Comprehensive (income) loss allocated to non-controlling interests – Common OP Units (5,061,000) (2,866,000) (5,903,000)
Noncontrolling Interest Of Preferred Units [Member]
     
Discontinued Operations:      
Comprehensive (income) loss allocated to non-controlling interests – Common OP Units 0 (2,801,000) (16,140,000)
Income allocated to non-controlling interests-Perpetual Preferred OP Units $ 0 $ (2,801,000) $ (16,140,000)