Borrowing Arrangements	3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]
Borrowing Arrangements	Borrowing Arrangements Mortgage Notes Payable During the quarter ended March 31, 2018, we closed on one loan, secured by two RV resorts for gross proceeds of approximately $64.0 million. The loan carries an interest rate of 4.83% per annum and matures in 2038. In connection with the Serendipity acquisition during the quarter, we assumed a loan of approximately $9.2 million and obtained additional financing of $8.8 million for a total mortgage debt, secured by the manufactured home community, of $18.0 million with an interest rate of 4.75% that matures in 2039. As of March 31, 2018 and December 31, 2017, we had outstanding mortgage indebtedness of approximately $2,040.5 million and $1,971.7 million, respectively, net of deferred financing costs. The weighted average interest rate on our outstanding mortgage indebtedness, including the impact of premium/discount amortization and loan cost amortization on mortgage indebtedness, for the three months ended March 31, 2018 was approximately 4.7% per annum. The debt bears interest at stated rates ranging from 3.1% to 8.9% per annum and matures on various dates ranging from 2018 to 2041. The debt encumbered a total of 124 and 120 of our Properties as of March 31, 2018 and December 31, 2017, respectively, and the carrying value of such Properties was approximately $2,491.4 million and $2,323.1 million, as of March 31, 2018 and December 31, 2017, respectively. Unsecured Line of Credit During the quarter ended March 31, 2018, we paid off our unsecured line of credit balance of approximately $30.0 million. As of March 31, 2018, we are in compliance in all material respects with the covenants in our borrowing arrangements.

Borrowing Arrangements

Mortgage Notes Payable

During the quarter ended March 31, 2018, we closed on one loan, secured by two RV resorts for gross proceeds of approximately $64.0 million. The loan carries an interest rate of 4.83% per annum and matures in 2038.

In connection with the Serendipity acquisition during the quarter, we assumed a loan of approximately $9.2 million and obtained additional financing of $8.8 million for a total mortgage debt, secured by the manufactured home community, of $18.0 million with an interest rate of 4.75% that matures in 2039.

As of March 31, 2018 and December 31, 2017, we had outstanding mortgage indebtedness of approximately $2,040.5 million and $1,971.7 million, respectively, net of deferred financing costs.

The weighted average interest rate on our outstanding mortgage indebtedness, including the impact of premium/discount amortization and loan cost amortization on mortgage indebtedness, for the three months ended March 31, 2018 was approximately 4.7% per annum. The debt bears interest at stated rates ranging from 3.1% to 8.9% per annum and matures on various dates ranging from 2018 to 2041. The debt encumbered a total of 124 and 120 of our Properties as of March 31, 2018 and December 31, 2017, respectively, and the carrying value of such Properties was approximately $2,491.4 million and $2,323.1 million, as of March 31, 2018 and December 31, 2017, respectively.

Unsecured Line of Credit

During the quarter ended March 31, 2018, we paid off our unsecured line of credit balance of approximately $30.0 million.

As of March 31, 2018, we are in compliance in all material respects with the covenants in our borrowing arrangements.