Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Property, Plant and Equipment

Depreciation is computed on a straight-line basis based on the estimated useful lives of the associated real estate assets.

	Useful Lives (in years)
Land and Building Improvements	10-30
Manufactured Homes	10-25
Furniture, Fixture and Equipment	5
In-place leases	Expected term
Above and below-market leases	Applicable lease term

Allowance for Credit Loss

Our allowance for credit losses was as follows:

	December 31,
(amounts in thousands):	2022		2021
Balance, beginning of year	$	21,049	$	14,460
Provision for losses	5,242		8,669
Write-offs	(5,920)		(2,080)
Balance, end of year	$	20,371	$	21,049

Tax Treatment Of Dividends And Distributions Table

During the years ended December 31, 2022, 2021 and 2020, our tax treatment of common stock distributions was as follows (unaudited):

	2022		2021		2020
Tax status of common stock distributions deemed paid during the year:
Ordinary income	$	1.483	$	1.538	$	1.234
Long-term capital gains	—		—		0.006
Non-dividend distributions	0.152		—		0.057
Distributions declared per common stock outstanding	$	1.635	$	1.538	$	1.297