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Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2021

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure


					Initial Cost to ELS				Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at 12/31/21
Real Estate (1)	Location		Encumbrances		Land		Depreciable Property		Land		Depreciable Property		Land		Depreciable Property		Total (3)		Accumulated Depreciation		Date of Acquisition
Properties Held for Long Term
Hidden Cove	Arley	AL	$	—	$	212	$	610	$	—	$	2,007	$	212	$	2,617	$	2,829	$	(526)	2006
Apache East	Apache Junction	AZ	(4,811)		2,236		4,181		—		242		2,236		4,423		6,659		(1,722)		2011
Countryside RV	Apache Junction	AZ	(7,836)		2,056		6,241		—		1,801		2,056		8,042		10,098		(4,921)		2002
Denali Park	Apache Junction	AZ	—		2,394		4,016		—		524		2,394		4,540		6,934		(1,657)		2011
Dolce Vita	Apache Junction	AZ	(44,471)		52,803		37,245		—		1,183		52,803		38,428		91,231		(5,108)		2020
Golden Sun RV	Apache Junction	AZ	(5,562)		1,678		5,049		—		1,402		1,678		6,451		8,129		(3,591)		2002
Meridian RV Resort	Apache Junction	AZ	—		6,445		5,292		—		307		6,445		5,599		12,044		(651)		2020
Valley Vista	Benson	AZ	—		115		429		—		317		115		746		861		(254)		2010
Casita Verde	Casa Grande	AZ	—		719		2,179		—		313		719		2,492		3,211		(1,223)		2006
Fiesta Grande	Casa Grande	AZ	—		2,869		8,653		—		1,664		2,869		10,317		13,186		(4,929)		2006
Foothills West	Casa Grande	AZ	—		747		2,261		—		679		747		2,940		3,687		(1,437)		2006
Sunshine Valley	Chandler	AZ	(24,967)		9,139		12,912		—		863		9,139		13,775		22,914		(5,199)		2011
Verde Valley	Cottonwood	AZ	—		1,437		3,390		19		7,426		1,456		10,816		12,272		(3,267)		2004
Casa del Sol East II	Glendale	AZ	—		2,103		6,283		—		3,636		2,103		9,919		12,022		(5,771)		1996
Casa del Sol East III	Glendale	AZ	—		2,450		7,452		—		1,413		2,450		8,865		11,315		(6,438)		1998
Palm Shadows	Glendale	AZ	—		1,400		4,218		—		1,933		1,400		6,151		7,551		(4,958)		1993
Hacienda De Valencia	Mesa	AZ	(18,666)		833		2,701		—		5,580		833		8,281		9,114		(6,000)		1984
Mesa Spirit	Mesa	AZ	(15,098)		17,382		25,238		192		857		17,574		26,095		43,669		(6,579)		2014
Monte Vista Resort	Mesa	AZ	(65,529)		11,402		34,355		—		35,706		11,402		70,061		81,463		(25,655)		2004
Seyenna Vistas	Mesa	AZ	—		1,360		4,660		(87)		3,584		1,273		8,244		9,517		(6,246)		1994
The Highlands at Brentwood	Mesa	AZ	(11,708)		1,997		6,024		—		2,570		1,997		8,594		10,591		(7,152)		1993
ViewPoint RV & Golf Resort	Mesa	AZ	(154,037)		24,890		56,340		15		27,019		24,905		83,359		108,264		(40,601)		2004
Apollo Village	Peoria	AZ	—		932		3,219		—		1,872		932		5,091		6,023		(4,009)		1994
Casa del Sol West	Peoria	AZ	—		2,215		6,467		—		2,960		2,215		9,427		11,642		(5,859)		1996
Carefree Manor	Phoenix	AZ	—		706		3,040		—		1,243		706		4,283		4,989		(3,013)		1998
Central Park	Phoenix	AZ	(10,612)		1,612		3,784		—		2,367		1,612		6,151		7,763		(4,942)		1983
Desert Skies	Phoenix	AZ	(4,320)		792		3,126		—		976		792		4,102		4,894		(3,027)		1998
Sunrise Heights	Phoenix	AZ	(5,293)		1,000		3,016		—		2,235		1,000		5,251		6,251		(3,803)		1994
Whispering Palms	Phoenix	AZ	—		670		2,141		—		567		670		2,708		3,378		(1,999)		1998
Desert Vista	Salome	AZ	—		66		268		—		362		66		630		696		(229)		2010
Sedona Shadows	Sedona	AZ	—		1,096		3,431		—		3,315		1,096		6,746		7,842		(3,802)		1997
Venture In	Show Low	AZ	(8,670)		2,050		6,188		—		865		2,050		7,053		9,103		(3,567)		2006
Paradise	Sun City	AZ	(36,087)		6,414		19,263		11		3,535		6,425		22,798		29,223		(13,389)		2004
The Meadows AZ	Tempe	AZ	(15,388)		2,613		7,887		—		5,127		2,613		13,014		15,627		(9,944)		1994


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/21
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Fairview Manor	Tucson	AZ	—	1,674	4,708	—	2,572	1,674	7,280	8,954	(5,258)	1998
Voyager	Tucson	AZ	(39,849)	19,281	63,886	—	259	19,281	64,145	83,426	(1,991)	2021
Westpark	Wickenburg	AZ	(8,234)	4,495	10,517	—	4,665	4,495	15,182	19,677	(4,516)	2011
Araby Acres	Yuma	AZ	—	1,440	4,345	—	1,300	1,440	5,645	7,085	(3,134)	2003
Cactus Gardens	Yuma	AZ	(5,940)	1,992	5,984	—	676	1,992	6,660	8,652	(3,755)	2004
Capri	Yuma	AZ	—	1,595	4,774	—	548	1,595	5,322	6,917	(2,645)	2006
Desert Paradise	Yuma	AZ	—	666	2,011	—	428	666	2,439	3,105	(1,403)	2004
Foothill Village	Yuma	AZ	—	459	1,402	—	415	459	1,817	2,276	(1,024)	2003
Mesa Verde RV	Yuma	AZ	(4,281)	1,387	4,148	—	989	1,387	5,137	6,524	(2,405)	2007
Suni Sands	Yuma	AZ	—	1,249	3,759	—	734	1,249	4,493	5,742	(2,537)	2004
Cultus Lake	Lindell Beach	BC	—	410	968	6	620	416	1,588	2,004	(912)	2004
Soledad Canyon	Acton	CA	—	2,933	6,917	39	10,602	2,972	17,519	20,491	(6,325)	2004
Los Ranchos	Apple Valley	CA	—	8,336	15,774	—	1,379	8,336	17,153	25,489	(6,391)	2011
Monte del Lago	Castroville	CA	(35,073)	3,150	9,469	—	5,100	3,150	14,569	17,719	(9,923)	1997
Date Palm Country Club	Cathedral City	CA	—	—	18,179	—	8,767	—	26,946	26,946	(22,006)	1994
Palm Springs Oasis RV Resort	Cathedral City	CA	—	—	216	—	851	—	1,067	1,067	(546)	1994
Colony Park	Ceres	CA	(7,576)	890	2,837	—	1,777	890	4,614	5,504	(3,008)	1998
Russian River	Cloverdale	CA	—	368	868	5	676	373	1,544	1,917	(717)	2004
Oakzanita Springs	Descanso	CA	—	396	934	5	2,540	401	3,474	3,875	(1,328)	2004
Rancho Mesa	El Cajon	CA	—	2,130	6,389	—	2,298	2,130	8,687	10,817	(5,704)	1998
Rancho Valley	El Cajon	CA	(18,332)	685	1,902	—	2,255	685	4,157	4,842	(3,000)	1983
Snowflower	Emigrant Gap	CA	—	308	727	4	2,194	312	2,921	3,233	(1,029)	2004
Four Seasons	Fresno	CA	—	756	2,348	—	2,138	756	4,486	5,242	(2,546)	1997
Yosemite Lakes	Groveland	CA	—	2,045	4,823	27	9,479	2,072	14,302	16,374	(4,357)	2004
Royal Holiday	Hemet	CA	—	778	2,643	—	6,893	778	9,536	10,314	(3,649)	1999
Idyllwild	Idyllwild-Pine Cove	CA	—	313	737	4	2,369	317	3,106	3,423	(1,163)	2004
Pio Pico	Jamul	CA	—	2,626	6,194	35	5,951	2,661	12,145	14,806	(5,116)	2004
Tahoe Valley	Lake Tahoe	CA	—	—	5,428	—	2,099	—	7,527	7,527	(3,879)	2004
Sea Oaks	Los Osos	CA	—	871	2,703	—	1,759	871	4,462	5,333	(2,682)	1997
Ponderosa Resort	Lotus	CA	—	900	2,100	—	2,970	900	5,070	5,970	(1,772)	2006
Turtle Beach	Manteca	CA	—	268	633	4	1,460	272	2,093	2,365	(679)	2004
Marina Dunes RV Resort	Marina	CA	—	20,379	8,204	—	161	20,379	8,365	28,744	(368)	2020
Wilderness Lakes	Menifee	CA	—	2,157	5,088	29	3,348	2,186	8,436	10,622	(3,929)	2004
Coralwood	Modesto	CA	—	—	5,047	—	1,725	—	6,772	6,772	(4,739)	1997
Morgan Hill	Morgan Hill	CA	—	1,856	4,378	980	5,933	2,836	10,311	13,147	(3,578)	2004


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/21
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Lake Minden	Nicolaus	CA	—	961	2,267	13	1,835	974	4,102	5,076	(2,074)	2004
Pacific Dunes Ranch	Oceana	CA	—	1,940	5,632	—	1,803	1,940	7,435	9,375	(3,794)	2004
Lake of the Springs	Oregon House	CA	—	1,062	2,504	14	2,696	1,076	5,200	6,276	(2,233)	2004
Concord Cascade	Pacheco	CA	—	985	3,016	—	3,777	985	6,793	7,778	(4,745)	1983
San Francisco RV	Pacifica	CA	—	1,660	4,973	—	3,195	1,660	8,168	9,828	(4,883)	2005
San Benito	Paicines	CA	—	1,411	3,328	19	3,755	1,430	7,083	8,513	(2,975)	2004
Palm Springs	Palm Desert	CA	—	1,811	4,271	24	2,499	1,835	6,770	8,605	(3,243)	2004
Las Palmas Estates	Rialto	CA	—	1,295	3,866	—	1,170	1,295	5,036	6,331	(2,686)	2004
Parque La Quinta	Rialto	CA	—	1,799	5,450	—	1,188	1,799	6,638	8,437	(3,561)	2004
Quail Meadows	Riverbank	CA	—	1,155	3,469	—	1,176	1,155	4,645	5,800	(3,218)	1998
California Hawaiian	San Jose	CA	(33,208)	5,825	17,755	—	5,479	5,825	23,234	29,059	(17,161)	1997
Nicholson Plaza	San Jose	CA	—	—	4,512	—	790	—	5,302	5,302	(4,685)	1997
Sunshadow	San Jose	CA	—	12,334	5,707	8	1,226	12,342	6,933	19,275	(5,082)	1997
Village of the Four Seasons	San Jose	CA	(18,994)	5,229	15,714	—	2,092	5,229	17,806	23,035	(9,894)	2004
Westwinds (4 properties)	San Jose	CA	—	—	17,616	—	11,073	—	28,689	28,689	(26,410)	1997
Laguna Lake	San Luis Obispo	CA	(18,725)	2,845	6,520	—	1,938	2,845	8,458	11,303	(5,907)	1998
Contempo Marin	San Rafael	CA	(36,192)	4,787	16,379	—	4,494	4,787	20,873	25,660	(17,708)	1994
Rancho Oso	Santa Barbara	CA	—	860	2,029	12	3,305	872	5,334	6,206	(1,924)	2004
De Anza Santa Cruz	Santa Cruz	CA	(46,049)	2,103	7,201	—	6,158	2,103	13,359	15,462	(8,743)	1994
Meadowbrook	Santee	CA	(21,853)	4,345	12,528	—	3,492	4,345	16,020	20,365	(11,559)	1998
Santa Cruz Ranch	Scotts Valley	CA	—	1,595	3,937	—	925	1,595	4,862	6,457	(2,118)	2007
Lamplighter Village	Spring Valley	CA	(32,400)	633	2,201	—	2,555	633	4,756	5,389	(3,394)	1983
Santiago Estates	Sylmar	CA	(21,928)	3,562	10,767	—	4,189	3,562	14,956	18,518	(9,834)	1998
Royal Oaks	Visalia	CA	—	602	1,921	—	2,033	602	3,954	4,556	(2,212)	1997
Hillcrest Village CO	Aurora	CO	(38,302)	1,912	5,202	289	8,413	2,201	13,615	15,816	(8,246)	1983
Cimarron Village	Broomfield	CO	(29,811)	863	2,790	—	1,999	863	4,789	5,652	(3,657)	1983
Holiday Village CO	Colorado Springs	CO	(19,692)	567	1,759	—	2,979	567	4,738	5,305	(2,990)	1983
Bear Creek Village	Denver	CO	(5,701)	1,100	3,359	—	1,210	1,100	4,569	5,669	(3,060)	1998
Holiday Hills Village	Denver	CO	(57,647)	2,159	7,780	—	9,539	2,159	17,319	19,478	(12,459)	1983
Golden Terrace	Golden	CO	—	826	2,415	—	3,829	826	6,244	7,070	(3,820)	1983
Golden Terrace South	Golden	CO	—	750	2,265	—	1,100	750	3,365	4,115	(2,408)	1997
Golden Terrace West	Golden	CO	—	1,694	5,065	—	7,685	1,694	12,750	14,444	(7,040)	1986
Pueblo Grande	Pueblo	CO	—	241	1,069	—	5,019	241	6,088	6,329	(1,928)	1983
Woodland Hills	Thornton	CO	(33,001)	1,928	4,408	—	4,481	1,928	8,889	10,817	(6,712)	1994
Stonegate Manor	North Windham	CT	—	6,011	12,336	—	564	6,011	12,900	18,911	(5,017)	2011


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/21
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Waterford Estates	Bear	DE	(38,211)	5,250	16,202	—	3,586	5,250	19,788	25,038	(9,698)	1996
McNicol Place	Lewes	DE	—	562	1,710	—	271	562	1,981	2,543	(1,485)	1998
Whispering Pines	Lewes	DE	—	1,536	4,609	—	2,633	1,536	7,242	8,778	(5,839)	1988
Mariner's Cove	Millsboro	DE	(18,653)	990	2,971	—	8,184	990	11,155	12,145	(7,610)	1987
Sweetbriar	Millsboro	DE	—	498	1,527	—	1,033	498	2,560	3,058	(1,679)	1998
Aspen Meadows	Rehoboth	DE	(10,843)	1,148	3,460	—	827	1,148	4,287	5,435	(3,192)	1998
Camelot Meadows	Rehoboth	DE	—	527	2,058	1,251	4,866	1,778	6,924	8,702	(5,027)	1998
Riverside RV Resort	Arcadia	FL	—	8,400	11,905	11,062	2,616	19,462	14,521	33,983	(4,268)	2016
Toby’s RV Resort	Arcadia	FL	—	1,093	3,280	—	757	1,093	4,037	5,130	(2,253)	2003
Aventura Marina	Aventura	FL	—	813	811	—	14	813	825	1,638	(93)	2019
Hi-Lift Marina	Aventure	FL	—	21,444	4,178	—	195	21,444	4,373	25,817	(661)	2021
Sunshine Key	Big Pine Key	FL	—	5,273	15,822	—	16,782	5,273	32,604	37,877	(12,615)	2004
Windmill Manor	Bradenton	FL	(11,220)	2,153	6,125	—	2,558	2,153	8,683	10,836	(6,129)	1998
Winter Quarters Manatee	Bradenton	FL	—	2,300	6,903	—	1,720	2,300	8,623	10,923	(4,712)	2004
Clover Leaf Farms	Brooksville	FL	(31,695)	13,684	24,106	—	6,636	13,684	30,742	44,426	(10,083)	2011
Clover Leaf Forest	Brooksville	FL	—	1,092	2,178	—	559	1,092	2,737	3,829	(866)	2011
Resort at Tranquility Lake	Cape Coral	FL	—	12,572	—	24	7,024	12,596	7,024	19,620	(53)	2020
Palm Harbour Marina	Cape Haze	FL	—	13,228	6,310	—	52	13,228	6,362	19,590	(472)	2021
Glen Ellen	Clearwater	FL	—	619	1,882	—	499	619	2,381	3,000	(1,390)	2002
Hillcrest FL	Clearwater	FL	—	1,278	3,928	—	1,706	1,278	5,634	6,912	(4,115)	1998
Holiday Ranch	Clearwater	FL	—	925	2,866	—	775	925	3,641	4,566	(2,636)	1998
Serendipity	Clearwater	FL	(16,651)	18,944	11,782	—	2,297	18,944	14,079	33,023	(3,977)	2018
Shady Lane Oaks	Clearwater	FL	—	4,984	8,482	—	762	4,984	9,244	14,228	(3,554)	2011
Shady Lane Village	Clearwater	FL	—	3,102	5,480	—	376	3,102	5,856	8,958	(2,294)	2011
Silk Oak Lodge	Clearwater	FL	—	1,649	5,028	—	718	1,649	5,746	7,395	(3,389)	2002
Clerbrook Golf & RV Resort	Clermont	FL	—	3,883	11,700	—	3,509	3,883	15,209	19,092	(7,215)	2006
Lake Magic	Clermont	FL	—	1,595	4,793	—	1,541	1,595	6,334	7,929	(3,440)	2004
Orange Lake	Clermont	FL	—	4,303	6,815	—	1,324	4,303	8,139	12,442	(2,966)	2011
Orlando	Clermont	FL	—	2,975	7,017	40	20,428	3,015	27,445	30,460	(6,744)	2004
Cortez Village Marina	Cortez	FL	—	17,935		—	15	17,935	3,971	21,906	(578)	2021
Crystal Isles	Crystal River	FL	—	926	2,787	10	3,701	936	6,488	7,424	(2,808)	2004
Cheron Village	Davie	FL	—	10,393	6,217	—	352	10,393	6,569	16,962	(2,832)	2011
Carriage Cove	Daytona Beach	FL	(15,719)	2,914	8,682	—	2,494	2,914	11,176	14,090	(8,055)	1998

Lake Haven	Dunedin	FL	(13,140)	1,135	4,047	—	4,363	1,135	8,410	9,545	(6,375)	1983


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/21
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Marker 1 Marina	Dunedin	FL	—	21,685	15,758	—	103	21,685	15,861	37,546	(1,099)	2020
Coquina Crossing	Elkton	FL	(27,190)	5,274	5,545	—	20,143	5,274	25,688	30,962	(14,712)	1999
Colony Cove	Ellenton	FL	(93,408)	28,660	92,457	38,094	33,249	66,754	125,706	192,460	(39,536)	2011
Ridgewood Estates	Ellenton	FL	—	8,769	8,791	—	979	8,769	9,770	18,539	(3,679)	2011
Haselton Village	Eustis	FL	—	3,800	8,955	—	820	3,800	9,775	13,575	(3,607)	2011
Southern Palms RV	Eustis	FL	—	2,169	5,884	—	4,788	2,169	10,672	12,841	(7,125)	1998
Bulow Plantation	Flagler Beach	FL	—	3,637	949	—	7,538	3,637	8,487	12,124	(5,566)	1994
Bulow RV	Flagler Beach	FL	—	—	228	—	2,534	—	2,762	2,762	(1,124)	1994
Carefree Cove	Fort Lauderdale	FL	—	1,741	5,170	—	1,041	1,741	6,211	7,952	(3,435)	2004
Everglades Lakes	Fort Lauderdale	FL	—	53,850	18,797	—	3,104	53,850	21,901	75,751	(3,292)	2018
Park City West	Fort Lauderdale	FL	—	4,184	12,561	—	1,662	4,184	14,223	18,407	(8,085)	2004
Sunshine Holiday MH	Fort Lauderdale	FL	(9,304)	3,099	9,286	—	2,125	3,099	11,411	14,510	(6,060)	2004
Crystal Lakes-Fort Myers	Fort Myers	FL	—	1,047	—	1,754	1,033	2,801	1,033	3,834	(50)	2018
Fish Tale Marina	Fort Myers	FL	—	24,027	5,555	—	71	24,027	5,626	29,653	(656)	2021
Fort Myers Beach	Fort Myers	FL	—	1,188	3,548	849	1,628	2,037	5,176	7,213	(2,565)	2004
Gulf Air	Fort Myers Beach	FL	(5,907)	1,609	4,746	—	1,027	1,609	5,773	7,382	(3,192)	2004
Lakeside Terrace	Fruitland Park	FL	—	3,275	7,165	—	868	3,275	8,033	11,308	(2,957)	2011
Grand Island Resort	Grand Island	FL	—	1,723	5,208	125	6,595	1,848	11,803	13,651	(6,410)	2001
Holiday Travel Park	Holiday	FL	—	9,240	13,284	—	1,246	9,240	14,530	23,770	(4,339)	2018
Hollywood Marina	Hollywood	FL	—	14,638	4,065	—	432	14,638	4,497	19,135	(600)	2019
South Miami Marina	Homestead	FL	—	—	13,144	—	754	—	13,898	13,898	(1,469)	2019
Barrington Hills	Hudson	FL	(4,228)	1,145	3,437	—	1,484	1,145	4,921	6,066	(2,546)	2004
Jupiter Marina	Jupiter	FL	—	5,090	4,842	—	1,689	5,090	6,531	11,621	(980)	2019
Sherwood Forest - MHP	Kissimmee	FL	—	4,852	14,596	—	8,404	4,852	23,000	27,852	(15,771)	1998
Sherwood Forest RV	Kissimmee	FL	—	2,870	3,621	567	4,374	3,437	7,995	11,432	(5,042)	1998
Tropical Palms	Kissimmee	FL	—	5,677	17,116	—	16,909	5,677	34,025	39,702	(16,099)	2004
Lake Worth Village	Lake Worth	FL	(2,345)	14,959	24,501	—	4,544	14,959	29,045	44,004	(10,631)	2011
Beacon Hill Colony	Lakeland	FL	—	3,775	6,405	—	499	3,775	6,904	10,679	(2,551)	2011
Beacon Terrace	Lakeland	FL	(9,287)	5,372	9,153	216	759	5,588	9,912	15,500	(3,756)	2011
Kings & Queens	Lakeland	FL	—	1,696	3,064	—	380	1,696	3,444	5,140	(1,290)	2011
Lakeland Harbor	Lakeland	FL	(31,230)	10,446	17,376	—	967	10,446	18,343	28,789	(6,920)	2011
Lakeland Junction	Lakeland	FL	(3,297)	3,018	4,752	—	339	3,018	5,091	8,109	(1,957)	2011
Lantana Marina	Lantana	FL	—	8,276	5,108	—	802	8,276	5,910	14,186	(1,096)	2019
Maralago Cay	Lantana	FL	(38,359)	5,325	15,420	—	6,834	5,325	22,254	27,579	(16,157)	1997
South Lantana Marina	Lantana	FL	—	2,345	1,894	—	186	2,345	2,080	4,425	(350)	2019


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/21
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Down Yonder	Largo	FL	—	2,652	7,981	—	1,622	2,652	9,603	12,255	(5,719)	1998
East Bay Oaks	Largo	FL	(8,753)	1,240	3,322	—	2,024	1,240	5,346	6,586	(4,268)	1983
Eldorado Village	Largo	FL	(5,848)	778	2,341	—	2,200	778	4,541	5,319	(3,178)	1983
Paradise Park - Largo	Largo	FL	(5,338)	3,523	4,026	—	671	3,523	4,697	8,220	(1,435)	2017
Shangri-La Mobile Home Park	Largo	FL	—	1,722	5,200	—	428	1,722	5,628	7,350	(3,270)	2004
Vacation Village	Largo	FL	(4,344)	1,315	3,946	—	1,030	1,315	4,976	6,291	(2,694)	2004
Whispering Pines - Largo	Largo	FL	—	8,218	14,054	—	1,792	8,218	15,846	24,064	(5,761)	2011
Coachwood Colony	Leesburg	FL	—	1,602	4,822	—	1,518	1,602	6,340	7,942	(3,246)	2004
Mid-Florida Lakes	Leesburg	FL	(58,867)	5,997	20,635	—	15,397	5,997	36,032	42,029	(25,900)	1994
Fiesta Key	Long Key	FL	—	16,611	7,338	—	18,767	16,611	26,105	42,716	(4,006)	2013
Winter Quarters Pasco	Lutz	FL	(3,707)	1,494	4,484	—	1,839	1,494	6,323	7,817	(3,182)	2004
Coral Cay Plantation	Margate	FL	(77,851)	5,890	20,211	—	9,576	5,890	29,787	35,677	(24,011)	1994
Lakewood Village	Melbourne	FL	—	1,862	5,627	—	2,958	1,862	8,585	10,447	(6,537)	1994
Miami Everglades	Miami	FL	—	5,362	6,238	—	1,212	5,362	7,450	12,812	(2,668)	2015
Southernaire	Mt. Dora	FL	—	796	2,395	—	606	796	3,001	3,797	(1,559)	2004
Country Place (2)	New Port Richey	FL	(17,949)	663	—	18	8,378	681	8,378	9,059	(6,770)	1986
Hacienda Village	New Port Richey	FL	(15,558)	4,297	13,088	—	4,265	4,297	17,353	21,650	(9,852)	2002
Harbor View Mobile Manor	New Port Richey	FL	(16,840)	4,030	12,146	—	1,958	4,030	14,104	18,134	(8,208)	2002
Bay Lake Estates	Nokomis	FL	(10,604)	990	3,390	—	2,711	990	6,101	7,091	(4,374)	1994
Lake Village	Nokomis	FL	(14,673)	15,850	18,099	10,370	817	26,220	18,916	45,136	(7,180)	2011
Royal Coachman	Nokomis	FL	—	5,321	15,978	—	2,130	5,321	18,108	23,429	(10,493)	2004
Buccaneer Estates	North Fort Myers	FL	—	4,207	14,410	—	8,486	4,207	22,896	27,103	(15,594)	1994
Island Vista Estates	North Fort Myers	FL	—	5,004	15,066	—	5,224	5,004	20,290	25,294	(8,520)	2006
Lake Fairways	North Fort Myers	FL	(35,980)	6,075	18,134	35	4,601	6,110	22,735	28,845	(18,616)	1994
Pine Lakes	North Fort Myers	FL	—	6,306	14,579	18,416	9,890	24,722	24,469	49,191	(19,346)	1994
Pioneer Village	North Fort Myers	FL	(12,859)	4,116	12,353	—	3,468	4,116	15,821	19,937	(8,732)	2004
Sunseekers RV Resort	North Fort Myers	FL	—	4,224	2,299	—	1,887	4,224	4,186	8,410	(961)	2018
The Heritage	North Fort Myers	FL	—	1,438	4,371	346	5,708	1,784	10,079	11,863	(7,385)	1993
Windmill Village - N. Ft. Myers	North Fort Myers	FL	—	1,417	5,440	—	4,920	1,417	10,360	11,777	(7,407)	1983
Foxwood Farms	Ocala	FL	—	3,853	7,967	—	2,559	3,853	10,526	14,379	(3,630)	2011
Oak Bend	Ocala	FL	—	850	2,572	—	7,152	850	9,724	10,574	(3,645)	1993
Villas at Spanish Oaks	Ocala	FL	—	2,250	6,922	—	3,250	2,250	10,172	12,422	(7,878)	1993
Silver Dollar Golf & Trap Club Resort	Odessa	FL	—	4,107	12,431	7,158	4,241	11,265	16,672	27,937	(9,046)	2004
Okeechobee RV Resort	Okeechobee	FL	—	14,897	27,337	—	147	14,897	27,484	42,381	(2,933)	2021


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/21
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Audubon Village - Florida	Orlando	FL	—	4,622	7,200	—	792	4,622	7,992	12,614	(3,023)	2011
Hidden Valley	Orlando	FL	—	11,398	12,861	—	1,265	11,398	14,126	25,524	(5,313)	2011
Starlight Ranch	Orlando	FL	(30,673)	13,543	20,388	—	3,854	13,543	24,242	37,785	(8,863)	2011
Holiday Village, Ormond Beach	Ormond Beach	FL	—	2,610	7,837	—	1,768	2,610	9,605	12,215	(5,452)	2002
Sunshine Holiday-Daytona North	Ormond Beach	FL	—	2,001	6,004	—	1,541	2,001	7,545	9,546	(4,163)	2004
Palm Beach Gardens Marina	Palm Beach	FL	—	15,734	4,938	—	559	15,734	5,497	21,231	(843)	2019
The Meadows, FL	Palm Beach Gardens	FL	(36,358)	3,229	9,870	—	7,440	3,229	17,310	20,539	(10,453)	1999
Terra Ceia	Palmetto	FL	—	965	2,905	1,833	1,541	2,798	4,446	7,244	(1,956)	2004
Lakes at Countrywood	Plant City	FL	—	2,377	7,085	—	3,965	2,377	11,050	13,427	(6,271)	2001
Meadows at Countrywood	Plant City	FL	—	4,514	13,175	75	12,352	4,589	25,527	30,116	(16,377)	1998
Oaks at Countrywood	Plant City	FL	—	846	2,513	(75)	2,365	771	4,878	5,649	(2,763)	1998
Breezy Hill	Pompano Beach	FL	(17,259)	5,424	16,555	—	2,961	5,424	19,516	24,940	(11,968)	2002
Hidden Harbour Marina	Pompano Beach	FL	—	26,116	12,513	—	106	26,116	12,619	38,735	(1,036)	2021
Highland Wood Travel Park	Pompano Beach	FL	—	1,043	3,130	42	770	1,085	3,900	4,985	(2,251)	2002
Inlet Harbor Marina	Ponce Inlet	FL	—	11,858	5,485	—	57	11,858	5,542	17,400	(523)	2021
Harbor Lakes	Port Charlotte	FL	(17,035)	3,384	10,154	—	1,696	3,384	11,850	15,234	(6,638)	2004
Lighthouse Pointe at Daytona Beach	Port Orange	FL	—	2,446	7,483	23	3,419	2,469	10,902	13,371	(7,179)	1998
Pickwick Village	Port Orange	FL	(16,470)	2,803	8,870	—	5,509	2,803	14,379	17,182	(8,187)	1998
Rose Bay	Port Orange	FL	—	3,866	3,528	—	630	3,866	4,158	8,024	(2,171)	2016
Emerald Lake	Punta Gorda	FL	(4,049)	3,598	5,197	—	650	3,598	5,847	9,445	(2,204)	2011
Gulf View	Punta Gorda	FL	—	717	2,158	—	1,646	717	3,804	4,521	(2,118)	2004
Tropical Palms MH	Punta Gorda	FL	—	2,365	7,286	—	3,652	2,365	10,938	13,303	(4,622)	2006
Kingswood	Riverview	FL	—	9,094	8,365	—	1,231	9,094	9,596	18,690	(2,400)	2018
Palm Lake	Riviera Beach	FL	—	56,323	27,418	—	7,776	56,323	35,194	91,517	(6,082)	2018
Riviera Beach Marina	Riviera Beach	FL	—	15,725	12,966	—	1,550	15,725	14,516	30,241	(2,372)	2019
Indian Oaks	Rockledge	FL	—	1,089	3,376	—	1,459	1,089	4,835	5,924	(3,478)	1998
Space Coast	Rockledge	FL	—	2,413	3,716	—	1,836	2,413	5,552	7,965	(1,318)	2014
Covington Estates	Saint Cloud	FL	(8,790)	3,319	7,253	—	412	3,319	7,665	10,984	(2,942)	2011
Winds of St. Armands North	Sarasota	FL	(23,154)	1,523	5,063	—	4,038	1,523	9,101	10,624	(7,459)	1983
Winds of St. Armands South	Sarasota	FL	(15,096)	1,106	3,162	1,744	7,692	2,850	10,854	13,704	(4,234)	1983
Topics RV Resort	Spring Hill	FL	(2,247)	844	2,568	—	1,015	844	3,583	4,427	(1,903)	2004
Pine Island	St. James City	FL	—	1,678	5,044	—	1,742	1,678	6,786	8,464	(2,965)	2007
St. Pete Marina	St. Petersburg	FL	—	12,592	19,066	—	793	12,592	19,859	32,451	(2,956)	2019
Riverwatch Marina	Stuart	FL	—	19,994	8,910	—	337	19,994	9,247	29,241	(672)	2021
Carefree Village	Tampa	FL	(23,945)	6,799	10,421	—	1,361	6,799	11,782	18,581	(4,456)	2011


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/21
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Tarpon Glen	Tarpon Springs	FL	—	2,678	4,016	—	777	2,678	4,793	7,471	(1,782)	2011
Featherock	Valrico	FL	—	11,369	22,770	—	2,444	11,369	25,214	36,583	(8,910)	2011
Bay Indies	Venice	FL	(59,461)	10,483	31,559	10	8,978	10,493	40,537	51,030	(33,719)	1994
Ramblers Rest RV Resort	Venice	FL	(29,990)	4,646	14,201	—	9,542	4,646	23,743	28,389	(10,074)	2006
Countryside at Vero Beach	Vero Beach	FL	(50,660)	3,711	11,133	—	9,139	3,711	20,272	23,983	(13,767)	1998
Heritage Plantation	Vero Beach	FL	—	2,403	7,259	—	3,601	2,403	10,860	13,263	(8,406)	1994
Heron Cay	Vero Beach	FL	(26,650)	14,368	23,792	—	2,423	14,368	26,215	40,583	(9,645)	2011
Holiday Village, Florida	Vero Beach	FL	—	350	1,374	—	258	350	1,632	1,982	(1,255)	1998
Sunshine Travel-Vero Beach	Vero Beach	FL	—	1,603	4,813	—	2,224	1,603	7,037	8,640	(3,255)	2004
Vero Beach Marina	Vero Beach	FL	—	3,644	5,519	—	1,045	3,644	6,564	10,208	(714)	2019
Vero Palm Estates	Vero Beach	FL	(10,700)	6,697	9,025	—	1,594	6,697	10,619	17,316	(3,793)	2011
Village Green	Vero Beach	FL	(52,484)	15,901	25,175	518	3,181	16,419	28,356	44,775	(10,647)	2011
Peace River	Wauchula	FL	—	900	2,100	—	2,361	900	4,461	5,361	(1,701)	2006
Palm Beach Colony	West Palm Beach	FL	(10,257)	5,930	10,113	8	1,014	5,938	11,127	17,065	(4,243)	2011
Parkwood Communities	Wildwood	FL	—	6,990	15,115	—	1,743	6,990	16,858	23,848	(6,296)	2011
Three Flags	Wildwood	FL	—	228	684	—	657	228	1,341	1,569	(678)	2006
Winter Garden	Winter Garden	FL	—	2,321	6,962	—	1,473	2,321	8,435	10,756	(3,722)	2007
Crystal Lake Zephyrhills	Zephyrhills	FL	—	3,767	6,834	194	11,007	3,961	17,841	21,802	(3,777)	2011
Forest Lake Estates MH	Zephyrhills	FL	(18,488)	40,716	33,918	1,048	3,965	41,764	37,883	79,647	(12,766)	2016
Forest Lake Village RV	Zephyrhills	FL	—	—	537	—	232	—	769	769	(201)	2016
Sixth Avenue	Zephyrhills	FL	—	837	2,518	—	331	837	2,849	3,686	(1,569)	2004
Coach Royale	Boise	ID	—	465	1,685	—	376	465	2,061	2,526	(734)	2011
Maple Grove	Boise	ID	—	1,358	5,151	—	1,184	1,358	6,335	7,693	(2,209)	2011
Shenandoah Estates	Boise	ID	(8,206)	1,287	7,603	—	577	1,287	8,180	9,467	(2,947)	2011
West Meadow Estates	Boise	ID	(7,126)	1,371	6,770	—	402	1,371	7,172	8,543	(2,665)	2011
O'Connell's Yogi Bear RV Resort	Amboy	IL	(3,003)	1,648	4,974	—	6,108	1,648	11,082	12,730	(4,052)	2004
Pheasant Lake Estates	Beecher	IL	(38,531)	12,764	42,183	—	2,453	12,764	44,636	57,400	(13,329)	2013
Pine Country	Belvidere	IL	—	53	166	—	2,893	53	3,059	3,112	(566)	2006
Willow Lake Estates	Elgin	IL	—	6,138	21,033	—	17,822	6,138	38,855	44,993	(24,042)	1994
Golf Vista Estates	Monee	IL	—	2,842	4,719	—	14,100	2,842	18,819	21,661	(8,891)	1997
Indian Lakes	Batesville	IN	—	450	1,061	6	15,946	456	17,007	17,463	(2,201)	2004
Horseshoe Lakes	Clinton	IN	—	155	365	2	1,907	157	2,272	2,429	(544)	2004
Twin Mills RV	Howe	IN	—	1,399	4,186	—	949	1,399	5,135	6,534	(2,393)	2006
Lakeside RV	New Carlisle	IN	—	426	1,281	—	263	426	1,544	1,970	(866)	2004
Dale Hollow State Park Marina	Burkesville	KY	—	—	7,399	—	470	—	7,869	7,869	(395)	2021


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/21
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Diamond Caverns	Park City	KY	—	530	1,512	—	749	530	2,261	2,791	(1,039)	2006
Gateway to Cape Cod	Rochester	MA	—	91	288	—	542	91	830	921	(349)	2006
Hillcrest MA	Rockland	MA	—	2,034	3,182	—	283	2,034	3,465	5,499	(1,309)	2011
The Glen	Rockland	MA	—	940	1,680	—	37	940	1,717	2,657	(674)	2011
Old Chatham	South Dennis	MA	(6,329)	1,760	5,293	—	2,059	1,760	7,352	9,112	(3,062)	2005
Sturbridge	Sturbridge	MA	—	110	347	—	893	110	1,240	1,350	(475)	2006
Fernwood	Capitol Heights	MD	(11,748)	6,556	11,674	—	1,572	6,556	13,246	19,802	(4,817)	2011
Williams Estates/Peppermint Woods	Middle River	MD	—	22,774	42,575	—	1,898	22,774	44,473	67,247	(16,867)	2011
Mt. Desert Narrows	Bar Harbor	ME	—	1,037	3,127	—	616	1,037	3,743	4,780	(1,693)	2007
Patten Pond	Ellsworth	ME	—	267	802	—	323	267	1,125	1,392	(498)	2007
Pinehirst	Old Orchard Beach	ME	(9,916)	1,942	5,827	—	2,696	1,942	8,523	10,465	(4,014)	2005
Narrows Too	Trenton	ME	—	1,451	4,408	—	384	1,451	4,792	6,243	(2,205)	2007
Moody Beach	Wells	ME	—	93	292	—	5,413	93	5,705	5,798	(684)	2006
Bear Cave	Buchanan	MI	—	176	516	—	813	176	1,329	1,505	(457)	2006
St Clair	St. Clair	MI	—	453	1,068	6	1,147	459	2,215	2,674	(922)	2004
Cedar Knolls	Apple Valley	MN	(29,589)	10,021	14,357	—	2,252	10,021	16,609	26,630	(6,166)	2011
Cimarron Park	Lake Elmo	MN	—	11,097	23,132	—	4,536	11,097	27,668	38,765	(9,610)	2011
Rockford Riverview Estates	Rockford	MN	—	2,959	8,882	—	1,482	2,959	10,364	13,323	(3,729)	2011
Rosemount Woods	Rosemount	MN	—	4,314	8,932	—	4,086	4,314	13,018	17,332	(3,713)	2011
Boathouse Marina	Beaufort	NC	—	6,610	13,217	—	42	6,610	13,259	19,869	(844)	2021
Forest Lake	Advance	NC	—	986	2,325	13	5,331	999	7,656	8,655	(1,887)	2004
Scenic	Asheville	NC	—	1,183	3,511	—	1,344	1,183	4,855	6,038	(2,043)	2006
Waterway RV	Cedar Point	NC	(4,782)	2,392	7,185	—	1,258	2,392	8,443	10,835	(4,621)	2004
Twin Lakes	Chocowinity	NC	—	1,709	3,361	—	2,619	1,709	5,980	7,689	(2,537)	2004
Topsail Sound RV	Holly Ridge	NC	—	3,414	5,898	—	418	3,414	6,316	9,730	(683)	2020
Green Mountain	Lenoir	NC	—	1,037	3,075	—	2,874	1,037	5,949	6,986	(2,193)	2006
Lake Gaston	Littleton	NC	—	130	409	—	2,208	130	2,617	2,747	(635)	2006
Lake Myers RV	Mocksville	NC	—	1,504	4,587	—	1,701	1,504	6,288	7,792	(2,680)	2006
Bogue Pines	Newport	NC	—	1,476	2,592	—	223	1,476	2,815	4,291	(804)	2015
Goose Creek	Newport	NC	(13,319)	4,612	13,848	750	3,123	5,362	16,971	22,333	(9,415)	2004
Whispering Pines - NC	Newport	NC	—	3,096	5,081	1	375	3,097	5,456	8,553	(1,522)	2015
Harbor Point RV	Sneads Ferry	NC	—	4,633	7,777	—	63	4,633	7,840	12,473	(821)	2020
White Oak Shores	Stella	NC	—	5,089	15,416	2,144	3,539	7,233	18,955	26,188	(3,182)	2019
Buena Vista	Fargo	ND	—	4,563	14,949	—	1,777	4,563	16,726	21,289	(6,045)	2011
Meadow Park	Fargo	ND	—	943	2,907	—	406	943	3,313	4,256	(1,248)	2011


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/21
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Sandy Beach	Contoocook	NH	—	1,755	5,265	—	303	1,755	5,568	7,323	(3,040)	2005
Pine Acres	Raymond	NH	—	3,096	2,102	—	843	3,096	2,945	6,041	(951)	2014
Tuxbury Resort	South Hampton	NH	—	3,557	3,910	—	1,498	3,557	5,408	8,965	(2,300)	2007
King Nummy	Cape May Court House	NJ	—	4,027	3,584	—	512	4,027	4,096	8,123	(1,673)	2018
Acorn Campground	Green Creek	NJ	—	3,707	4,642	—	324	3,707	4,966	8,673	(1,260)	2020
Mays Landing Resort	Mays Landing	NJ	—	536	289	—	1,161	536	1,450	1,986	(313)	2014
Echo Farms	Ocean View	NJ	—	2,840	3,045	—	2,186	2,840	5,231	8,071	(1,339)	2014
Lake and Shore	Ocean View	NJ	—	378	1,192	—	2,560	378	3,752	4,130	(1,712)	2006
Pine Haven	Ocean View	NJ	—	15,586	47,165	—	59	15,586	47,224	62,810	(3,268)	2021
Chestnut Lake	Port Republic	NJ	—	337	796	5	2,227	342	3,023	3,365	(899)	2004
Sea Pines	Swainton	NJ	—	198	625	—	4,435	198	5,060	5,258	(1,243)	2006
Pine Ridge at Crestwood	Whiting	NJ	(50,085)	17,367	33,127	—	6,184	17,367	39,311	56,678	(13,709)	2011
Mountain View - NV	Henderson	NV	(30,438)	16,665	25,915	—	958	16,665	26,873	43,538	(10,164)	2011
Bonanza Village	Las Vegas	NV	—	908	2,643	—	2,601	908	5,244	6,152	(3,973)	1983
Boulder Cascade	Las Vegas	NV	—	2,995	9,020	—	4,889	2,995	13,909	16,904	(8,977)	1998
Cabana	Las Vegas	NV	—	2,648	7,989	—	1,540	2,648	9,529	12,177	(8,018)	1994
Flamingo West	Las Vegas	NV	—	1,730	5,266	—	2,168	1,730	7,434	9,164	(6,137)	1994
Las Vegas	Las Vegas	NV	—	1,049	2,473	14	1,893	1,063	4,366	5,429	(1,870)	2004
Villa Borega	Las Vegas	NV	—	2,896	8,774	—	2,032	2,896	10,806	13,702	(8,021)	1997
Rondout Valley	Accord	NY	—	1,115	3,240	—	2,136	1,115	5,376	6,491	(2,137)	2006
Alpine Lake RV Resort	Corinth	NY	—	4,783	14,125	153	3,858	4,936	17,983	22,919	(8,803)	2005
Lake George Escape	Lake George	NY	—	3,562	10,708	—	11,555	3,562	22,263	25,825	(7,988)	2005
The Woodlands	Lockport	NY	(42,095)	12,183	39,687	—	7,137	12,183	46,824	59,007	(16,045)	2011
Greenwood Village	Manorville	NY	—	3,667	9,414	484	7,362	4,151	16,776	20,927	(11,125)	1998
Brennan Beach	Pulaski	NY	—	7,325	21,141	—	7,050	7,325	28,191	35,516	(14,049)	2005
Lake George Schroon Valley	Warrensburg	NY	—	540	1,626	—	470	540	2,096	2,636	(925)	2008
Kenisee Lake	Jefferson	OH	—	295	696	4	680	299	1,376	1,675	(594)	2004
Bay Point Marina	Marblehead	OH	—	8,575	17,037	—	344	8,575	17,381	25,956	(1,273)	2021
Wilmington	Wilmington	OH	—	235	555	3	953	238	1,508	1,746	(564)	2004
Bend	Bend	OR	—	733	1,729	10	3,087	743	4,816	5,559	(1,695)	2004
Shadowbrook	Clackamas	OR	—	1,197	3,693	—	1,684	1,197	5,377	6,574	(3,433)	1997
Pacific City	Cloverdale	OR	—	1,076	2,539	15	3,507	1,091	6,046	7,137	(2,415)	2004
Falcon Wood Village	Eugene	OR	(12,503)	1,112	3,426	—	1,015	1,112	4,441	5,553	(3,224)	1997
Portland Fairview	Fairview	OR	(19,031)	7,330	10,278	—	1,097	7,330	11,375	18,705	(3,632)	2016


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/21
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Quail Hollow	Fairview	OR	—	—	3,249	—	840	—	4,089	4,089	(3,102)	1997
South Jetty	Florence	OR	—	678	1,598	9	2,803	687	4,401	5,088	(1,374)	2004
Seaside	Seaside	OR	—	891	2,101	12	1,914	903	4,015	4,918	(1,725)	2004
Whalers Rest	South Beach	OR	—	754	1,777	10	1,162	764	2,939	3,703	(1,482)	2004
Hope Valley	Turner	OR	—	7,373	14,517	—	—	7,373	14,517	21,890	(112)	2021
Mt. Hood Village	Welches	OR	—	1,817	5,733	—	14,026	1,817	19,759	21,576	(5,248)	2002
Greenbriar Village	Bath	PA	—	8,359	16,941	—	919	8,359	17,860	26,219	(6,590)	2011
Sun Valley	Bowmansville	PA	—	866	2,601	—	1,181	866	3,782	4,648	(1,462)	2009
Green Acres	Breinigsville	PA	(35,315)	2,680	7,479	—	6,611	2,680	14,090	16,770	(10,745)	1988
Gettysburg Farm	Dover	PA	—	111	350	—	1,124	111	1,474	1,585	(442)	2006
Timothy Lake North	East Stroudsburg	PA	—	296	933	—	935	296	1,868	2,164	(750)	2006
Timothy Lake South	East Stroudsburg	PA	—	206	649	—	334	206	983	1,189	(449)	2006
Drummer Boy	Gettysburg	PA	(10,375)	1,884	20,342	—	809	1,884	21,151	23,035	(3,982)	2019
Round Top	Gettysburg	PA	(7,538)	1,214	11,355	—	783	1,214	12,138	13,352	(3,402)	2019
Circle M	Lancaster	PA	—	330	1,041	—	1,949	330	2,990	3,320	(1,200)	2006
Hershey	Lebanon	PA	—	1,284	3,028	17	2,734	1,301	5,762	7,063	(2,687)	2004
Robin Hill	Lenhartsville	PA	—	1,263	3,786	—	767	1,263	4,553	5,816	(1,883)	2009
PA Dutch County	Manheim	PA	—	88	278	—	610	88	888	976	(296)	2006
Spring Gulch	New Holland	PA	—	1,593	4,795	—	1,199	1,593	5,994	7,587	(3,360)	2004
Lil Wolf	Orefield	PA	—	5,627	13,593	—	3,568	5,627	17,161	22,788	(5,756)	2011
Scotrun	Scotrun	PA	—	153	483	—	989	153	1,472	1,625	(450)	2006
Appalachian RV	Shartlesville	PA	—	1,666	5,044	—	1,041	1,666	6,085	7,751	(2,946)	2006
Mountain View - PA	Walnutport	PA	—	3,207	7,182	—	843	3,207	8,025	11,232	(2,917)	2011
Timber Creek	Westerly	RI	—	12,618	8,489	—	431	12,618	8,920	21,538	(4,042)	2018
Carolina Landing	Fair Play	SC	—	457	1,078	6	1,177	463	2,255	2,718	(889)	2004
Inlet Oaks Village	Murrells Inlet	SC	—	1,546	4,642	—	526	1,546	5,168	6,714	(2,557)	2006
Myrtle Beach Property	Myrtle Beach	SC	—	82,318	35,628	—	—	82,318	35,628	117,946	(1,710)	2021
Rivers Edge Marina	North Charleston	SC	—	20,305	6,405	—	107	20,305	6,512	26,817	(693)	2021
The Oaks	Yemassee	SC	—	267	810	—	370	267	1,180	1,447	(522)	2006
Natchez Trace	Hohenwald	TN	—	533	1,257	7	2,040	540	3,297	3,837	(1,326)	2004
Cherokee Landing	Saulsbury	TN	—	118	279	2	232	120	511	631	(266)	2004
Alamo Palms	Alamo	TX	(5,741)	1,562	7,924	—	712	1,562	8,636	10,198	(3,142)	2012
Bay Landing	Bridgeport	TX	—	438	1,033	6	2,376	444	3,409	3,853	(1,096)	2004
Colorado River	Columbus	TX	—	466	1,099	6	5,898	472	6,997	7,469	(990)	2004
Victoria Palms	Donna	TX	(9,713)	2,849	12,305	—	6,729	2,849	19,034	21,883	(5,837)	2012


				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/21
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Lake Texoma	Gordonville	TX	—	488	1,151	6	2,925	494	4,076	4,570	(1,758)	2004
Lakewood	Harlingen	TX	—	325	979	—	694	325	1,673	1,998	(822)	2004
Paradise Park	Harlingen	TX	—	1,568	4,705	—	1,915	1,568	6,620	8,188	(3,384)	2004
Sunshine RV Resort	Harlingen	TX	—	1,494	4,484	—	2,297	1,494	6,781	8,275	(3,481)	2004
Tropic Winds	Harlingen	TX	—	1,221	3,809	—	1,278	1,221	5,087	6,308	(2,913)	2002
Medina Lake	Lakehills	TX	—	936	2,208	13	2,725	949	4,933	5,882	(2,049)	2004
Paradise South	Mercedes	TX	—	448	1,345	—	907	448	2,252	2,700	(1,089)	2004
Lake Conroe KOA	Montgomery	TX	—	2,699	8,430	—	—	2,699	8,430	11,129	—	2021
Lake Tawakoni	Point	TX	—	35	2,320	—	1,454	35	3,774	3,809	(1,675)	2004
Fun N Sun RV	San Benito	TX	—	2,533	5,560	412	7,575	2,945	13,135	16,080	(9,108)	1998
Country Sunshine	Weslaco	TX	—	627	1,881	—	1,733	627	3,614	4,241	(1,778)	2004
Leisure World	Weslaco	TX	(2,634)	957	2,575	—	474	957	3,049	4,006	(711)	2020
Southern Comfort	Weslaco	TX	(4,024)	1,108	3,323	—	1,009	1,108	4,332	5,440	(2,329)	2004
Trails End RV	Weslaco	TX	(4,041)	1,115	4,086	—	210	1,115	4,296	5,411	(1,196)	2020
Lake Whitney	Whitney	TX	—	679	1,602	10	2,401	689	4,003	4,692	(1,532)	2004
Lake Conroe	Willis	TX	—	1,363	3,214	18	17,425	1,381	20,639	22,020	(5,019)	2004
Westwood Village	Farr West	UT	—	1,346	4,179	—	2,976	1,346	7,155	8,501	(4,867)	1997
St George	Hurricane	UT	—	64	264	2	1,579	66	1,843	1,909	(361)	2010
All Seasons	Salt Lake City	UT	—	510	1,623	—	1,012	510	2,635	3,145	(1,725)	1997
Meadows of Chantilly	Chantilly	VA	(38,331)	5,430	16,440	—	8,619	5,430	25,059	30,489	(19,749)	1994
Harbor View	Colonial Beach	VA	—	64	202	—	974	64	1,176	1,240	(413)	2006
Lynchburg	Gladys	VA	—	266	627	3	895	269	1,522	1,791	(592)	2004
Chesapeake Bay	Gloucester	VA	—	1,230	2,900	16	5,390	1,246	8,290	9,536	(2,889)	2004
Bayport Development	Jamaica	VA	—	4,942	—	1,892	766	6,834	766	7,600	(7)	2020
Virginia Landing	Quinby	VA	—	602	1,419	8	482	610	1,901	2,511	(1,034)	2004
Grey's Point Camp	Topping	VA	(20,823)	33,491	17,104	—	3,001	33,491	20,105	53,596	(6,177)	2017
Bethpage Camp Resort	Urbanna	VA	(34,755)	45,415	38,149	—	14,727	45,415	52,876	98,291	(10,622)	2017
Williamsburg	Williamsburg	VA	—	111	350	—	1,128	111	1,478	1,589	(394)	2006
Regency Lakes	Winchester	VA	(40,457)	9,757	19,055	—	2,240	9,757	21,295	31,052	(7,868)	2011
Birch Bay	Blaine	WA	—	502	1,185	7	1,289	509	2,474	2,983	(869)	2004
Mount Vernon	Bow	WA	—	621	1,464	8	2,535	629	3,999	4,628	(1,561)	2004
Chehalis	Chehalis	WA	—	590	1,392	8	3,828	598	5,220	5,818	(1,576)	2004
Grandy Creek	Concrete	WA	—	475	1,425	—	1,004	475	2,429	2,904	(915)	2008
Tall Chief	Fall City	WA	—	314	946	—	1,111	314	2,057	2,371	(725)	2010
Kloshe Illahee	Federal Way	WA	(18,222)	2,408	7,286	—	1,151	2,408	8,437	10,845	(6,480)	1997


					Initial Cost to ELS				Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at 12/31/21
Real Estate (1)	Location		Encumbrances		Land		Depreciable Property		Land		Depreciable Property		Land		Depreciable Property		Total (3)		Accumulated Depreciation		Date of Acquisition
La Conner	La Conner	WA	—		—		2,016		—		1,915		—		3,931		3,931		(2,159)		2004
Leavenworth	Leavenworth	WA	—		786		1,853		10		1,705		796		3,558		4,354		(1,587)		2004
Thunderbird Resort	Monroe	WA	—		500		1,178		6		1,425		506		2,603		3,109		(912)		2004
Little Diamond	Newport	WA	—		353		834		5		1,246		358		2,080		2,438		(944)		2004
Oceana	Oceana City	WA	—		283		668		4		696		287		1,364		1,651		(517)		2004
Crescent Bar	Quincy	WA	—		314		741		4		866		318		1,607		1,925		(740)		2004
Long Beach	Seaview	WA	—		321		758		5		597		326		1,355		1,681		(660)		2004
Paradise RV	Silver Creek	WA	—		466		1,099		6		1,627		472		2,726		3,198		(981)		2004
Rainbow Lake Manor	Bristol	WI	—		4,474		16,594		—		4,449		4,474		21,043		25,517		(5,549)		2013
Fremont Jellystone Park Campground	Fremont	WI	—		1,437		4,296		—		1,520		1,437		5,816		7,253		(3,107)		2004
Yukon Trails	Lyndon Station	WI	—		556		1,629		—		378		556		2,007		2,563		(1,099)		2004
Blackhawk Camping Resort	Milton	WI	—		1,789		7,613		—		3,092		1,789		10,705		12,494		(2,487)		2014
Lakeland	Milton	WI	—		3,159		13,830		—		1,448		3,159		15,278		18,437		(4,244)		2014
Westwood Estates	Pleasant Prairie	WI	(19,646)		5,382		19,732		—		2,774		5,382		22,506		27,888		(6,612)		2013
Plymouth Rock	Plymouth	WI	—		2,293		6,879		—		1,974		2,293		8,853		11,146		(3,449)		2009
Tranquil Timbers	Sturgeon Bay	WI	—		714		2,152		—		930		714		3,082		3,796		(1,426)		2006
Lake of the Woods RV	Wautoma	WI	—		1,333		2,238		—		297		1,333		2,535		3,868		(1,154)		2019
Neshonoc Lakeside	West Salem	WI	—		1,106		4,861		(1)		565		1,105		5,426		6,531		(1,525)		2013
Arrowhead	Wisconsin Dells	WI	—		522		1,616		—		1,060		522		2,676		3,198		(1,134)		2006
Subtotal of Properties Held for Long Term			(2,627,783)		1,913,159		3,307,121		103,549		1,301,835		2,016,708		4,608,956		6,625,664		(2,007,857)
Realty Systems, Inc.			—		—		—		—		320,068		—		320,068		320,068		(67,125)		2002
Management business and other			—		3,448		578		(369)		39,675		3,079		40,253		43,332		(28,792)
			$	(2,627,783)	$	1,916,607	$	3,307,699	$	103,180	$	1,661,578	$	2,019,787	$	4,969,277	$	6,989,064	$	(2,103,774)

_____________________

(1)The schedule excludes Properties in which we have a non-controlling joint venture interest and account for using the equity method of accounting.

(2)All Properties were acquired, except for Country Place Village, which was constructed.

(3)Aggregate cost for federal income tax purposes is approximately $4.6 billion.

The following table presents the changes in gross investment in real estate:


(amounts in thousands)	2021		2020		2019
Balance, beginning of year	$	6,160,426	$	5,743,049	$	5,273,477
Acquisitions	635,984		248,253		250,843
Improvements	290,290		217,082		257,993

Dispositions and other	(97,636)		(47,958)		(39,264)
Balance, end of year	$	6,989,064	$	6,160,426	$	5,743,049

The following table presents the changes in accumulated depreciation related to investment in real estate:


(amounts in thousands)	2021		2020		2019
Balance, beginning of year	$	1,924,585	$	1,776,224	$	1,631,888
Depreciation and amortization	191,345		157,673		153,893

Dispositions and other	(12,156)		(9,312)		(9,557)
Balance, end of year	$	2,103,774	$	1,924,585	$	1,776,224