Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of 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

Schedule of Allowance for Credit Loss

Our allowance for credit losses was as follows:

	December 31,
(amounts in thousands):	2024		2023
Balance, beginning of year	$	19,475	$	20,371
Provision for losses	5,865		4,789
Write-offs	(1,764)		(5,685)
Balance, end of year	$	23,576	$	19,475

Schedule of Tax Treatment Of Dividends And Distributions Table

During the years ended December 31, 2024, 2023 and 2022, our tax treatment of common stock distributions was as follows (unaudited):

	2024		2023		2022
Tax status of common stock distributions deemed paid during the year:
Ordinary income	$	1.801	$	1.649	$	1.483
Long-term capital gains	—		0.005		—
Non-dividend distributions	0.109		0.141		0.152
Distributions declared per common stock outstanding	$	1.910	$	1.795	$	1.635