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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, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Community Base Rental Income $ 409,801,000 $ 394,606,000 $ 309,230,000
Resort base rental income 147,234,000 134,327,000 130,489,000
Right-to-use annual payments 47,967,000 47,662,000 49,122,000
Right-to-use contracts current period, gross 13,142,000 13,433,000 17,856,000
Right-to-use contracts, deferred, net of prior period amortization (5,694,000) (6,694,000) (11,936,000)
Utility and other income 63,800,000 62,470,000 53,116,000
Gross revenues from home sales 17,871,000 8,230,000 6,028,000
Brokered resale revenues, net 4,212,000 3,093,000 3,483,000
Interest income 8,260,000 8,135,000 5,924,000
Income from other investments, net 7,515,000 6,795,000 6,452,000
Total revenues 728,375,000 683,706,000 577,009,000
Expenses:      
Property operating and maintenance 229,897,000 220,415,000 197,781,000
Real estate taxes 48,279,000 45,590,000 36,528,000
Sales and marketing, gross 12,836,000 10,845,000 11,218,000
Sales and marketing, deferred commissions, net (2,410,000) (3,155,000) (4,789,000)
Property management 40,193,000 37,999,000 34,846,000
Amortization of Intangible Assets for Continuing Operations 1,940,000 39,467,000 23,126,000
Cost of home sales 17,296,000 9,018,000 5,615,000
Home selling expenses 2,085,000 1,391,000 1,591,000
General and administrative 28,211,000 26,388,000 42,046,000
Extinguishment of Debt, Amount 37,844,000 0 0
Interest and related amortization 118,522,000 123,992,000 99,489,000
Total expenses 653,167,000 621,858,000 537,000,000
Income before equity in income of unconsolidated joint ventures 75,208,000 61,848,000 40,009,000
Equity in income of unconsolidated joint ventures 2,039,000 1,899,000 1,948,000
Consolidated income from continuing operations 77,247,000 63,747,000 41,957,000
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax 7,133,000 6,116,000 547,000
Discontinued Operations:      
(Loss) income from discontinued real estate 41,525,000 4,596,000 0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 48,658,000 10,712,000 547,000
Consolidated net income 125,905,000 74,459,000 42,504,000
Adjustment for fair market value of swap 1,663,000 (43,000) (2,547,000)
Consolidated comprehensive income (loss) 127,568,000 74,416,000 39,957,000
Comprehensive (income) loss allocated to non-controlling interests – Common OP Units 108,443,000 54,742,000 20,467,000
Income allocated to non-controlling interests-Common OP Units (9,706,000) (5,067,000) (3,105,000)
Net income available for Common Shares 125,905,000 59,846,000 26,346,000
Earnings per Common Share-Basic:      
Net income available for Common Shares $ 1.29 $ 0.67 $ 0.32
Income (Loss) from Continuing Operations, Per Basic Share $ 0.75 $ 0.55 $ 0.31
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share $ 0.54 $ 0.12 $ 0.01
Earnings per Common Share-Fully Diluted:      
Net income available for Common Shares $ 1.28 $ 0.66 $ 0.32
Income (Loss) from Continuing Operations, Per Diluted Share $ 0.75 $ 0.54 $ 0.31
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share $ 0.53 $ 0.12 $ 0.01
Weighted average Common Shares outstanding-basic 83,018 82,348 71,182
Weighted average Common Shares outstanding-fully diluted 91,196 90,862 80,660
Redeemable Preferred Stock Dividends (9,280,000) (14,613,000) (13,823,000)
Net income available for Common Shares-basic 106,919,000 54,779,000 22,775,000
Rental home income 14,267,000 11,649,000 7,245,000
Rental home operating and maintenance 7,474,000 6,369,000 4,493,000
Real Estate Depreciation Expense and Rental Homes 108,229,000 102,083,000 83,013,000
Rent control initiatives and other 2,771,000 1,456,000 2,043,000
Cumulative Series Eight Point Zero Three Four Percent Redeemable Perpetual Preferred Stock [Member]
     
Earnings per Common Share-Fully Diluted:      
Redeemable Preferred Stock Dividends 0 (11,704,000) (13,357,000)
Series B Subordinated Non-Voting Cumulative Redeemable Preferred Stock
     
Earnings per Common Share-Fully Diluted:      
Redeemable Preferred Stock Dividends 0 0 (466,000)
Cumulative Series C Six Point Seven Five Percent Redeemable Perpetual Preferred Stock [Member]
     
Earnings per Common Share-Fully Diluted:      
Redeemable Preferred Stock Dividends (9,280,000) (2,909,000) 0
Noncontrolling Interest Of Common Units [Member]
     
Discontinued Operations:      
Comprehensive (income) loss allocated to non-controlling interests – Common OP Units (9,845,000) (5,061,000) (2,866,000)
Noncontrolling Interest Of Preferred Units [Member]
     
Discontinued Operations:      
Comprehensive (income) loss allocated to non-controlling interests – Common OP Units 0 0 (2,801,000)
Noncontrolling Interest in Net Income (Loss) Preferred Unit Holders, Redeemable $ 0 $ 0 $ (2,801,000)