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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Investment in real estate:    
Land $ 1,531,313 $ 1,525,407
Land improvements 3,434,393 3,336,070
Buildings and other depreciable property 905,679 881,572
Investment in real estate 5,871,385 5,743,049
Accumulated depreciation (1,886,768) (1,776,224)
Net investment in real estate 3,984,617 3,966,825
Cash and restricted cash 114,218 28,860
Notes receivable, net 36,230 37,558
Investment in unconsolidated joint ventures 19,933 20,074
Deferred commission expense 42,220 41,149
Other assets, net 63,195 56,809
Total Assets 4,260,413 4,151,275
Liabilities:    
Mortgage notes payable, net 2,450,783 2,049,509
Term loan, net 0 198,949
Unsecured line of credit 50,000 160,000
Accounts payable and other liabilities 148,034 124,665
Accrued interest payable 8,055 8,639
Rents and other customer payments received in advance and security deposits 90,219 91,234
Distributions payable 66,001 58,978
Total Liabilities 2,961,321 2,829,387
Stockholders' Equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized as of September 30, 2020 and December 31, 2019; none issued and outstanding. 0 0
Common stock, $0.01 par value, 600,000,000 and 400,000,000 shares authorized as of September 30, 2020 and December 31, 2019, respectively; 182,222,007 and 182,089,595 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively. 1,812 1,812
Paid-in capital 1,408,253 1,402,696
Distributions in excess of accumulated earnings (181,754) (154,318)
Accumulated other comprehensive income (loss) 0 (380)
Total Stockholders’ Equity 1,228,311 1,249,810
Non-controlling interests – Common OP Units 70,781 72,078
Total Equity 1,299,092 1,318,013
Total Liabilities and Equity 4,260,413 4,151,275
Previously Reported    
Stockholders' Equity:    
Total Equity   1,321,888
Deferred revenue – upfront payments from membership upgrade sales    
Liabilities:    
Deferred revenue 136,194 126,814
Deferred revenue – annual membership subscriptions    
Liabilities:    
Deferred revenue $ 12,035 $ 10,599