Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investment in real estate:
Land	$ 2,088,657	$ 2,084,532
Land improvements	4,380,649	4,115,439
Buildings and other depreciable property	1,236,985	1,169,590
Investment in real estate	7,706,291	7,369,561
Accumulated depreciation	(2,448,876)	(2,258,540)
Net investment in real estate	5,257,415	5,111,021
Cash and restricted cash	29,937	22,347
Notes receivable, net	49,937	45,356
Investment in unconsolidated joint ventures	85,304	81,404
Deferred commission expense	53,641	50,441
Other assets, net	137,499	181,950
Total Assets	5,613,733	5,492,519
Liabilities:
Mortgage notes payable, net	2,989,959	2,693,167
Term loan, net	497,648	496,817
Unsecured line of credit	31,000	198,000
Accounts payable and other liabilities	151,567	175,148
Deferred membership revenue	218,337	197,743
Accrued interest payable	12,657	11,739
Rents and other customer payments received in advance and security deposits	126,451	122,318
Distributions payable	87,493	80,102
Total Liabilities	4,115,112	3,975,034
Stockholders' Equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized as of December 31, 2023 and December 31, 2022; none issued and outstanding.	0	0
Common stock, $0.01 par value, 600,000,000 shares authorized as of December 31, 2023 and December 31, 2022; 186,426,281 and 186,120,298 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively.	1,917	1,916
Paid-in capital	1,644,319	1,628,618
Distributions in excess of accumulated earnings	(223,576)	(204,248)
Accumulated other comprehensive income	6,061	19,119
Total Stockholders’ Equity	1,428,721	1,445,405
Non-controlling interests – Common OP Units	69,900	72,080
Total Equity	1,498,621	1,517,485
Total Liabilities and Equity	$ 5,613,733	$ 5,492,519