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Reportable Segments (Tables)
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of segment financial information
The following tables summarize our segment financial information for the quarters and nine months ended September 30, 2020 and 2019:
Quarter Ended September 30, 2020
(amounts in thousands)Property
Operations		Home Sales
and Rentals
Operations		Consolidated
Operations revenues$264,284 $17,473 $281,757 
Operations expenses(132,780)(15,825)(148,605)
Income from segment operations131,504 1,648 133,152 
Interest income1,104 694 1,798 
Depreciation and amortization(35,878)(2,703)(38,581)
Income (loss) from operations$96,730 $(361)$96,369 
Reconciliation to consolidated net income:
Corporate interest income3 
Income from other investments, net1,428 
General and administrative(9,692)
Other expenses(658)
Interest and related amortization(25,218)
Equity in income of unconsolidated joint ventures968 
Early debt retirement(9,732)
Consolidated net income$53,468 
Total assets$3,997,064 $263,349 $4,260,413 
Capital improvements$40,387 $11,527 $51,914 

Quarter Ended September 30, 2019
(amounts in thousands)Property
Operations		Home Sales
and Rentals
Operations		Consolidated
Operations revenues$249,632 $12,668 $262,300 
Operations expenses(122,683)(11,070)(133,753)
Income from segment operations126,949 1,598 128,547 
Interest income985 840 1,825 
Depreciation and amortization(34,273)(2,759)(37,032)
Income (loss) from operations$93,661 $(321)$93,340 
Reconciliation to consolidated net income:
Corporate interest income6 
Income from other investments, net7,029 
General and administrative(8,710)
Other expenses(1,460)
Interest and related amortization(25,547)
Equity in income of unconsolidated joint ventures3,518 
Early debt retirement— 
Consolidated net income$68,176 
Total assets$3,871,379 $266,092 $4,137,471 
Capital improvements$26,000 $42,344 $68,344 
Nine Months Ended September 30, 2020
(amounts in thousands)Property
Operations		Home Sales
and Rentals
Operations		Consolidated
Operations revenues$764,913 $46,147 $811,060 
Operations expenses(369,974)(41,468)(411,442)
Income from segment operations394,939 4,679 399,618 
Interest income3,240 2,148 5,388 
Depreciation and amortization(107,709)(8,228)(115,937)
Income (loss) from operations$290,470 $(1,401)$289,069 
Reconciliation to consolidated net income:
Corporate interest income11 
Income from other investments, net3,093 
General and administrative(31,156)
Other expenses(1,885)
Interest and related amortization(77,540)
Equity in income of unconsolidated joint ventures2,239 
Early debt retirement(10,786)
Consolidated net income$173,045 
Total assets$3,997,064 $263,349 $4,260,413 
Capital improvements$110,544 $44,517 $155,061 

Nine Months Ended September 30, 2019
(amounts in thousands)Property
Operations		Home Sales
and Rentals
Operations		Consolidated
Operations revenues$729,496 $34,841 $764,337 
Operations expenses(348,546)(30,547)(379,093)
Income from segment operations380,950 4,294 385,244 
Interest income2,829 2,535 5,364 
Depreciation and amortization(105,013)(7,772)(112,785)
Gain on sale of real estate, net52,507 — 52,507 
Income (loss) from operations$331,273 $(943)$330,330 
Reconciliation to consolidated net income:
Corporate interest income21 
Income from other investments, net8,894 
General and administrative(27,844)
Other expenses(2,427)
Interest and related amortization(77,964)
Equity in income of unconsolidated joint venture8,277 
Early debt retirement(1,491)
Consolidated net income$237,796 
Total assets$3,871,379 $266,092 $4,137,471 
Capital Improvements$78,907 $110,881 $189,788 
Financial information for the property operations segment
The following table summarizes our financial information for the Property Operations segment for the quarters and nine months ended September 30, 2020 and 2019:
 Quarters Ended September 30,Nine Months Ended September 30,
(amounts in thousands)2020201920202019
Revenues:
Rental income$234,711 $221,306 $683,960 $649,663 
Annual membership subscriptions13,442 13,150 39,476 38,052 
Membership upgrade sales current period, gross6,631 5,730 16,522 14,609 
Membership upgrade sales upfront payments, deferred, net(4,171)(3,530)(9,379)(8,213)
Other income12,268 11,263 33,007 31,898 
Ancillary services revenues, net1,403 1,713 1,327 3,487 
Total property operations revenues264,284 249,632 764,913 729,496 
Expenses:
Property operating and maintenance97,848 89,162 264,159 249,482 
Real estate taxes15,981 15,166 49,490 45,596 
Sales and marketing, gross5,054 4,063 13,308 11,686 
Membership sales commissions, deferred, net(630)(313)(1,327)(893)
Property management14,527 14,605 44,344 42,675 
Total property operations expenses132,780 122,683 369,974 348,546 
Income from property operations segment$131,504 $126,949 $394,939 $380,950 

The following table summarizes our financial information for the Home Sales and Rentals Operations segment for the quarters and nine months ended September 30, 2020 and 2019:
 Quarters Ended September 30,Nine Months Ended September 30,
(amounts in thousands)2020201920202019
Revenues:
Rental income (a)
$4,158 $3,810 $12,218 $11,026 
Gross revenue from home sales13,070 8,438 33,245 22,738 
Brokered resale revenues, net245 420 684 1,077 
Ancillary services revenues, net— — — — 
Total revenues17,473 12,668 46,147 34,841 
Expenses:
Rental home operating and maintenance1,718 1,603 4,306 4,099 
Cost of home sales12,866 8,434 33,627 23,230 
Home selling expenses1,241 1,033 3,535 3,218 
Total expenses15,825 11,070 41,468 30,547 
Income from home sales and rentals operations segment$1,648 $1,598 $4,679 $4,294 
______________________
(a)Rental income within Home Sales and Rentals Operations does not include base rent related to the rental home Sites. Base rent is included within property operations.