Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows From Operating Activities:
Consolidated net income	$ 110,745	$ 104,206
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Gain (Loss) on Condemnation	0	(929)
Early debt retirement	16,922	5,087
Depreciation	85,674	83,821
Amortization of in-place leases	1,950	3,791
Amortization of loan costs	3,164	3,655
Debt premium amortization	(2,983)	(3,956)
Equity in income of unconsolidated joint ventures	(3,606)	(3,768)
Distributions of income from unconsolidated joint ventures	3,331	2,869
Amortization of stock-related compensation	6,268	4,998
Revenue recognized from right-to-use contract upfront payments	(6,335)	(6,209)
Commission expense recognized related to right-to-use contracts	2,629	2,100
Long term incentive plan compensation	955	1,425
Recovery of uncollectible rents receivable	(374)	(219)
Changes in assets and liabilities:
Notes receivable activity, net	21	(1,345)
Deferred commission expense	(4,821)	(4,734)
Escrow deposits, goodwill and other assets	34,494	13,362
Accrued expenses and accounts payable	26,308	15,436
Deferred revenue – upfront payments from right-to-use contracts	10,264	10,512
Deferred revenue – right-to-use annual payments	1,070	(374)
Rents received in advance and security deposits	1,543	(1,386)
Net cash provided by operating activities	287,219	228,342
Cash Flows From Investing Activities:
Real estate acquisition	(23,687)	(54,645)
Proceeds from Sale of Real Estate	0	2,102
Tax-deferred exchange deposit	0	10,576
Investment in unconsolidated joint ventures	(4,000)	(3,489)
Distributions of capital from unconsolidated joint ventures	80	411
Repayments of notes receivable	7,896	12,524
Issuance of notes receivable	(7,711)	(7,266)
Capital improvements	(67,838)	(41,645)
Net cash used in investing activities	(95,260)	(81,432)
Cash Flows From Financing Activities:
Proceeds from stock options and employee stock purchase plan	4,625	896
Distributions:
Common Stockholders	(90,466)	(75,077)
Common OP Unitholders	(7,767)	(6,772)
Preferred Stockholders	(6,910)	(6,949)
Principal payments and mortgage debt payoff	(446,661)	(165,578)
New mortgage notes payable financing proceeds	395,323	169,000
Debt issuance and defeasance costs	(23,998)	(11,559)
Other	(424)	(154)
Net cash used in financing activities	(176,278)	(96,193)
Net increase in cash and cash equivalents	15,681	50,717
Cash, beginning of period	73,714	58,427
Cash, end of period	89,395	109,144
Supplemental Information:
Cash paid during the period for interest	80,575	90,376
Capital improvements – used homes acquired by repossessions	597	1,026
Net repayments of notes receivable – used homes acquired by repossessions	(597)	(1,026)
Building and other depreciable property – reclassification of rental homes	21,105	16,881
Escrow deposits and other assets – reclassification of rental homes	(21,105)	(16,881)
Real estate acquisitions:
Investment in real estate	(23,900)	(73,597)
Deferred financing costs, net	0	(180)
Rents and other customer payments received in advance and security deposits	204	2,349
Accrued expenses and accounts payable	62	1,848
Escrow deposits and other assets	(53)	371
Debt assumed and financed on acquisition	0	14,564
Real estate acquisition	$ (23,687)	$ (54,645)