Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues:
Community base rental income	$ 121,964	$ 115,385	$ 242,656	$ 229,461
Rental home income	3,632	3,543	7,237	7,088
Resort base rental income	50,055	44,732	111,123	100,166
Right-to-use annual payments	11,350	11,187	22,602	22,241
Right-to-use contracts current period, gross	3,798	3,086	7,004	5,618
Right-to-use contract upfront payments, deferred, net	(1,321)	(798)	(2,096)	(1,100)
Utility and other income	20,650	19,523	42,776	40,316
Gross revenues from home sales	7,833	9,130	14,860	17,344
Brokered resale revenues and ancillary services revenues, net	444	398	2,105	1,816
Interest income	1,798	1,625	3,568	3,285
Income from other investments, net	1,109	2,270	1,866	3,993
Total revenues	221,312	210,081	453,701	430,228
Expenses:
Property operating and maintenance	72,901	66,647	140,955	129,601
Rental home operating and maintenance	1,657	1,581	3,208	3,106
Real estate taxes	13,943	12,869	27,980	26,067
Sales and marketing, gross	2,894	2,931	5,584	5,424
Right-to-use contract commissions, deferred, net	(112)	(116)	(196)	(12)
Property management	13,023	12,044	25,583	23,807
Depreciation on real estate assets and rental homes	30,247	29,029	60,357	57,684
Amortization of in-place leases	958	428	1,990	763
Cost of home sales	7,895	9,481	15,014	17,762
Home selling expenses	929	805	1,854	1,639
General and administrative	8,461	8,255	15,834	15,663
Property rights initiatives and other, net	271	527	490	1,181
Interest and related amortization	24,822	25,561	49,701	51,195
Total expenses	177,889	170,042	348,354	333,880
Income before equity in income of unconsolidated joint ventures	43,423	40,039	105,347	96,348
Equity in income of unconsolidated joint ventures	1,040	765	2,190	1,646
Consolidated net income	44,463	40,804	107,537	97,994
Income allocated to non-controlling interests – Common OP Units	(2,649)	(2,998)	(6,539)	(7,308)
Net income available for Common Stockholders	39,498	35,490	96,385	86,073
Other comprehensive income (loss) (“OCI”):
Adjustment for fair market value of swap	30	(36)	257	(644)
Consolidated comprehensive income	44,493	40,768	107,794	97,350
Comprehensive income attributable to Common Stockholders	$ 39,526	$ 35,457	$ 96,626	$ 85,480
Earnings per Common Share – Basic:
Net income available for Common Shares (usd per share)	$ 0.46	$ 0.42	$ 1.12	$ 1.02
Earnings per Common Share - Fully Diluted:
Net income available for Common Shares (usd per share)	0.45	0.42	1.11	1.01
Distributions declared per Common Share outstanding (usd per share)	$ 0.4875	$ 0.425	$ 0.975	$ 0.85
Weighted average Common Shares outstanding – basic (shares)	86,763	84,516	86,408	84,419
Weighted average Common Shares outstanding – fully diluted (shares)	93,063	92,264	93,041	92,163
6.75% Series C Cumulative Redeemable Perpetual Preferred Stock
Expenses:
Series C Redeemable Perpetual Preferred Stock Dividends	$ (2,316)	$ (2,316)	$ (4,613)	$ (4,613)
Non- controlling interests – Common OP Units
Other comprehensive income (loss) (“OCI”):
Comprehensive income allocated to non-controlling interests – Common OP Units	$ (2,651)	$ (2,995)	$ (6,555)	$ (7,257)