Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows From Operating Activities:
Consolidated net income	$ 119,577	$ 169,620
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	1,491
Depreciation and amortization	78,616	76,648
Amortization of loan costs	1,777	1,768
Debt premium amortization	(211)	(232)
Equity in income of unconsolidated joint ventures	(1,271)	(4,759)
Distributions of income from unconsolidated joint ventures	81	2,008
Proceeds from insurance claims, net	1,288	4,422
Compensation expense related to restricted stock and stock options	5,633	5,045
Revenue recognized from membership upgrade sales upfront payments	(4,683)	(4,195)
Commission expense recognized related to membership sales	1,866	1,867
Long-term incentive plan compensation	765	(3,608)
Changes in assets and liabilities:
Notes receivable, net	(484)	(1,079)
Deferred commission expense	(2,338)	(2,269)
Other assets, net	(1,857)	(8,275)
Accounts payable and other liabilities	15,918	25,962
Rents and other customer payments received in advance and security deposits	11,067	20,932
Net cash provided by operating activities	238,745	244,685
Cash Flows From Investing Activities:
Real estate acquisitions, net	(4,056)	(38,463)
Proceeds from disposition of properties, net	0	77,746
Distributions of capital from unconsolidated joint ventures	1,399	5,169
Proceeds from insurance claims	0	1,111
Capital improvements	(103,147)	(121,444)
Net cash provided by (used in) investing activities	(105,804)	(75,881)
Cash Flows From Financing Activities:
Proceeds from stock options and employee stock purchase plan	1,150	1,237
Proceeds from Issuance or Sale of Equity	0	59,319
Distributions:
Common Stockholders	(118,153)	(104,579)
Common OP Unitholders	(6,803)	(6,676)
Redeemable perpetual preferred stock dividends	(8)	(8)
Share based award tax withholding payments	(3,962)	0
Principal payments and mortgage debt repayment	(75,312)	(93,982)
Mortgage notes payable financing proceeds	275,385	0
Line of Credit repayment	(272,500)	0
Line of Credit proceeds	162,500	0
Debt issuance and defeasance costs	(3,819)	(1,700)
Other	(286)	(932)
Net cash used in financing activities	(41,808)	(147,321)
Net increase (decrease) in cash and restricted cash	91,133	21,483
Cash and restricted cash, beginning of period	28,860	68,974
Cash and restricted cash, end of period	119,993	90,457
Supplemental Information:
Cash paid for interest	51,354	51,744
Net investment in real estate – reclassification of rental homes	17,336	12,451
Other assets, net – reclassification of rental homes	(17,336)	(12,451)
Real estate acquisitions:
Investment in real estate	(4,235)	(58,871)
Other assets, net	0	(412)
Debt assumed	0	19,212
Other liabilities	179	1,608
Real estate acquisitions, net	(4,056)	(38,463)
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	9,891	8,879
Deferred revenue – annual membership subscriptions
Changes in assets and liabilities:
Deferred revenue	$ 2,056	$ 2,967