Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Community base rental income	$ 126,739	$ 120,692
Rental home income	3,515	3,605
Resort base rental income	64,254	61,068
Right-to-use annual payments	11,519	11,252
Right-to-use contracts current period, gross	3,162	3,206
Right-to-use contract upfront payments, deferred, net	(1,285)	(775)
Utility and other income	25,521	22,126
Gross revenues from home sales	8,309	7,027
Brokered resale revenues and ancillary services revenues, net	1,401	1,661
Interest income	1,950	1,770
Income from other investments, net	940	757
Total revenues	246,025	232,389
Expenses:
Property operating and maintenance	74,908	68,054
Rental home operating and maintenance	1,424	1,551
Real estate taxes	14,135	14,037
Sales and marketing, gross	2,812	2,690
Right-to-use contract commissions, deferred, net	(24)	(84)
Property management	13,681	12,560
Depreciation on real estate assets and rental homes	31,322	30,109
Amortization of in-place leases	1,052	1,032
Cost of home sales	8,574	7,119
Home selling expenses	1,075	925
General and administrative	8,038	7,373
Other expenses	343	219
Interest and related amortization	25,703	24,879
Total expenses	183,043	170,464
Income before equity in income of unconsolidated joint ventures	62,982	61,925
Equity in income of unconsolidated joint ventures	1,195	1,150
Consolidated net income	64,177	63,075
Income allocated to non-controlling interests – Common OP Units	(3,955)	(3,890)
Net income available for Common Stockholders	60,222	56,888
Other comprehensive income:
Adjustment for fair market value of swap	1,873	226
Consolidated comprehensive income	66,050	63,301
Comprehensive income attributable to Common Stockholders	$ 61,980	$ 57,100
Earnings per Common Share – Basic:
Net income available for Common Shareholders (usd per share)	$ 0.68	$ 0.66
Earnings per Common Share - Fully Diluted:
Net income available for Common Stockholders (usd per share)	0.68	0.65
Distributions declared per Common Share outstanding (usd per share)	$ 0.550	$ 0.488
Weighted average Common Shares outstanding – basic (shares)	88,524	86,048
Weighted average Common Shares outstanding – fully diluted (shares)	94,577	93,011
6.75% Series C Cumulative Redeemable Perpetual Preferred Stock
Expenses:
Series C Redeemable Perpetual preferred stock dividends	$ 0	$ (2,297)
Non- controlling interests – Common OP Units
Other comprehensive income:
Comprehensive income allocated to non-controlling interests – Common OP Units	$ (4,070)	$ (3,904)