Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows From Operating Activities:
Consolidated net income	$ 57,190	$ 31,813
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Early debt retirement	0	16,991
Depreciation	28,935	28,364
Amortization of in-place leases	335	665
Amortization of loan costs	979	1,083
Debt premium amortization	(885)	(1,202)
Equity in income of unconsolidated joint ventures	(881)	(884)
Distributions of income from unconsolidated joint ventures	553	443
Amortization of stock-related compensation	1,914	1,716
Revenue recognized from right-to-use contract upfront payments	(2,230)	(2,024)
Commission expense recognized related to right-to-use contracts	1,002	829
Long term incentive plan compensation	(4,314)	360
Recovery of uncollectible rents receivable	(178)	(505)
Changes in assets and liabilities:
Notes receivable activity, net	164	(284)
Deferred commission expense	(895)	(1,142)
Escrow deposits, goodwill and other assets	7,746	15,046
Accrued expenses and accounts payable	6,209	8,715
Deferred revenue – upfront payments from right-to-use contracts	2,532	2,797
Deferred revenue – right-to-use annual payments	3,737	3,903
Rents received in advance and security deposits	(147)	2,531
Net cash provided by operating activities	101,766	109,215
Cash Flows From Investing Activities:
Real estate acquisition	(7,387)	(12,195)
Investment in unconsolidated joint ventures	(5,000)	(4,000)
Repayments of notes receivable	2,712	2,604
Issuance of notes receivable	(1,874)	(1,728)
Capital improvements	(22,495)	(16,260)
Net cash used in investing activities	(34,044)	(31,579)
Cash Flows From Financing Activities:
Proceeds from stock options and employee stock purchase plan	5,323	4,069
Distributions:
Common Stockholders	(31,612)	(27,272)
Common OP Unitholders	(2,703)	(2,351)
Preferred Stockholders	(2,297)	(2,297)
Principal payments and mortgage debt payoff	(19,535)	(392,949)
New mortgage notes payable financing proceeds	0	395,323
Debt issuance and defeasance costs	(8)	(23,091)
Other	(41)	(79)
Net cash used in financing activities	(50,873)	(48,647)
Net increase in cash and cash equivalents	16,849	28,989
Cash, beginning of period	80,258	73,714
Cash, end of period	97,107	102,703
Supplemental Information:
Cash paid during the period for interest	26,535	28,553
Capital improvements – used homes acquired by repossessions	317	232
Net repayments of notes receivable – used homes acquired by repossessions	(317)	(232)
Building and other depreciable property – reclassification of rental homes	7,257	5,966
Escrow deposits and other assets – reclassification of rental homes	(7,257)	(5,966)
Real estate acquisitions:
Investment in real estate	(7,375)	(12,300)
Rents and other customer payments received in advance and security deposits	(20)	0
Accrued expenses and accounts payable	8	109
Escrow deposits and other assets	0	(4)
Real estate acquisition	$ (7,387)	$ (12,195)