Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash Flows From Operating Activities:
Consolidated net income	$ 70,724	$ 120,535
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Gain on sale of real estate, net	0	(52,507)
Early debt retirement	1,054	0
Depreciation and amortization	39,628	38,404
Amortization of loan costs	872	887
Debt premium amortization	(114)	(101)
Equity in income of unconsolidated joint ventures	(207)	(1,533)
Distributions of income from unconsolidated joint ventures	0	677
Proceeds from insurance claims, net	756	4,150
Compensation expense related to restricted stock and stock options	2,964	2,420
Revenue recognized from membership upgrade sales upfront payments	(2,301)	(2,067)
Commission expense recognized related to membership sales	940	938
Long-term incentive plan compensation	383	(3,987)
Changes in assets and liabilities:
Notes receivable, net	(317)	122
Deferred commission expense	(1,020)	(1,035)
Other assets, net	13,324	(9,238)
Accounts payable and other liabilities	(2,096)	20,402
Rents and other customer payments received in advance and security deposits	(261)	3,202
Net cash provided by operating activities	130,892	128,098
Cash Flows From Investing Activities:
Real estate acquisitions, net	(1,352)	(13,012)
Proceeds from disposition of properties, net	0	77,746
Distributions of capital from unconsolidated joint ventures	150	58
Proceeds from insurance claims	0	761
Capital improvements	(48,959)	(52,441)
Net cash provided by (used in) investing activities	(50,161)	13,112
Cash Flows From Financing Activities:
Proceeds from stock options and employee stock purchase plan	619	652
Distributions:
Common Stockholders	(55,765)	(49,457)
Common OP Unitholders	(3,213)	(3,161)
Share based award tax withholding payments	(3,962)	0
Principal payments and mortgage debt repayment	(61,791)	(13,683)
Mortgage notes payable financing proceeds	275,385	0
Line of Credit repayment	(222,500)	0
Line of Credit proceeds	62,500	0
Debt issuance and defeasance costs	(3,800)	(250)
Other	(143)	(63)
Net cash used in financing activities	(12,670)	(65,962)
Net increase (decrease) in cash and restricted cash	68,061	75,248
Cash and restricted cash, beginning of period	28,860	68,974
Cash and restricted cash, end of period	96,921	144,222
Supplemental Information:
Cash paid for interest	25,518	25,729
Net investment in real estate – reclassification of rental homes	9,319	5,520
Other assets, net – reclassification of rental homes	(9,319)	(5,520)
Real estate acquisitions:
Investment in real estate	(1,531)	(25,797)
Debt assumed	0	11,208
Other liabilities	179	1,577
Real estate acquisitions, net	1,352	13,012
Real estate dispositions:
Investment in real estate	0	35,572
Notes receivable, net	0	295
Other assets, net	0	97
Mortgage notes payable, net	0	(11,175)
Other liabilities	0	450
Gain on sale of real estate, net	0	52,507
Proceeds from disposition of properties, net	0	77,746
Deferred revenue – upfront payments from membership upgrade sales
Changes in assets and liabilities:
Deferred revenue	4,843	3,838
Deferred revenue – annual membership subscriptions
Changes in assets and liabilities:
Deferred revenue	$ 1,720	$ 2,991