Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Investment in real estate:
Land	$ 2,088,657	$ 2,084,532
Land improvements	4,307,943	4,115,439
Buildings and other depreciable property	1,228,897	1,169,590
Investment in real estate	7,625,497	7,369,561
Accumulated depreciation	(2,401,384)	(2,258,540)
Net investment in real estate	5,224,113	5,111,021
Cash and restricted cash	59,680	22,347
Notes receivable, net	49,684	45,356
Investment in unconsolidated joint ventures	84,328	81,404
Deferred commission expense	53,180	50,441
Other assets, net	155,306	181,950
Total Assets	5,626,291	5,492,519
Liabilities:
Mortgage notes payable, net	3,005,034	2,693,167
Term loan, net	497,422	496,817
Unsecured line of credit	0	198,000
Accounts payable and other liabilities	189,090	175,148
Deferred membership revenue	216,021	197,743
Accrued interest payable	12,296	11,739
Rents and other customer payments received in advance and security deposits	121,930	122,318
Distributions payable	87,491	80,102
Total Liabilities	4,129,284	3,975,034
Stockholders' Equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized as of September 30, 2023 and December 31, 2022; none issued and outstanding.	0	0
Common stock, $0.01 par value, 600,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 186,390,612 and 186,120,298 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively.	1,917	1,916
Paid-in capital	1,641,553	1,628,618
Distributions in excess of accumulated earnings	(232,081)	(204,248)
Accumulated other comprehensive income	15,564	19,119
Total Stockholders’ Equity	1,426,953	1,445,405
Non-controlling interests – Common OP Units	70,054	72,080
Total Equity	1,497,007	1,517,485
Total Liabilities and Equity	$ 5,626,291	$ 5,492,519