Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Investment in real estate:
Land	$ 2,080,234	$ 2,019,787
Land improvements	4,050,685	3,912,062
Buildings and other depreciable property	1,137,297	1,057,215
Investment in real estate	7,268,216	6,989,064
Accumulated depreciation	(2,211,405)	(2,103,774)
Net investment in real estate	5,056,811	4,885,290
Cash and restricted cash	30,510	123,398
Notes receivable, net	44,653	39,955
Investment in unconsolidated joint ventures	88,352	70,312
Deferred commission expense	50,029	47,349
Other assets, net	135,091	141,567
Total Assets	5,405,446	5,307,871
Liabilities:
Mortgage notes payable, net	2,708,751	2,627,783
Term loan, net	496,595	297,436
Unsecured line of credit	94,984	349,000
Accounts payable and other liabilities	184,771	172,285
Deferred membership revenue	195,290	176,439
Accrued interest payable	10,317	9,293
Rents and other customer payments received in advance and security deposits	115,035	118,696
Distributions payable	80,314	70,768
Total Liabilities	3,886,057	3,821,700
Stockholders' Equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized as of September 30, 2022 and December 31, 2021; none issued and outstanding.	0	0
Common stock, $0.01 par value, 600,000,000 shares authorized as of September 30, 2022 and December 31, 2021; 186,108,851 and 185,640,379 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively.	1,916	1,913
Paid-in capital	1,625,751	1,593,362
Distributions in excess of accumulated earnings	(200,969)	(183,689)
Accumulated other comprehensive income	20,476	3,524
Total Stockholders’ Equity	1,447,174	1,415,110
Non-controlling interests – Common OP Units	72,215	71,061
Total Equity	1,519,389	1,486,171
Total Liabilities and Equity	$ 5,405,446	$ 5,307,871