Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash Flows From Operating Activities:
Consolidated net income	$ 114,393	$ 115,271
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization	52,176	52,427
Amortization of loan costs	1,239	1,286
Equity in income of unconsolidated joint ventures	(4,901)	(283)
Distributions of income from unconsolidated joint ventures	74	224
Proceeds from insurance claims, net	145	(12,349)
Compensation expense related to incentive plans	2,334	2,497
Revenue recognized from membership upgrade sales upfront payments	(3,220)	(3,947)
Commission expense related to memberships	971	1,108
Changes in assets and liabilities:
Manufactured homes, net	(3,074)	2,333
Notes receivable, net	2,996	539
Deferred commission expense	(1,599)	(1,491)
Other assets, net	19,632	11,157
Accounts payable and other liabilities	1,627	15,801
Deferred membership revenue	4,372	9,080
Rents and other customer payments received in advance and security deposits	6,225	5,095
Net cash provided by operating activities	193,390	198,748
Cash Flows From Investing Activities:
Investment in unconsolidated joint ventures	(8,690)	(1,330)
Distributions of capital from unconsolidated joint ventures	7,404	1,586
Proceeds from insurance claims, net	4,167	3,158
Capital improvements	(45,202)	(54,706)
Net cash used in investing activities	(42,321)	(51,292)
Cash Flows From Financing Activities:
Proceeds from stock options and employee stock purchase plan	391	382
Distributions:
Common Stockholders	(91,229)	(83,426)
Common OP Unitholders	(4,347)	(4,074)
Share based award tax withholding payments	(2,258)	(1,908)
Principal payments and mortgage debt repayment	(16,665)	(15,929)
Line of credit repayment	(199,500)	(158,000)
Line of credit proceeds	185,500	133,000
Other	(61)	(157)
Net cash used in financing activities	(128,169)	(130,112)
Net increase in cash and restricted cash	22,900	17,344
Cash and restricted cash, beginning of period	24,576	29,937
Cash and restricted cash, end of period	47,476	47,281
Supplemental Information:
Cash paid for interest, net	31,661	33,630
Cash paid for the purchase of manufactured homes	$ 11,273	$ 12,927