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Reportable Segments - Income from Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Rental income $ 313,287 $ 300,788 $ 640,493 $ 617,386
Other income 16,473 16,197 32,028 31,746
Total revenues 376,866 380,019 764,200 766,587
Expenses:        
Real estate taxes 21,845 20,099 43,488 40,886
Membership sales and marketing 4,062 6,126 7,993 11,423
Property management        
Expenses:        
Cost of ancillary services 20,723 19,436 41,153 39,146
Operating Segments        
Revenues:        
Total revenues 372,580 374,969 755,658 757,331
Expenses:        
Total expenses 197,939 206,888 382,369 395,579
NOI 174,641 168,081 373,289 361,752
Operating Segments | Property Operations        
Revenues:        
Rental income 309,747 297,401 633,560 610,483
Other income 16,473 16,197 32,028 31,746
Total revenues 358,381 346,987 727,467 706,723
Expenses:        
Utility expense 39,182 38,596 79,451 77,798
Payroll 31,815 31,540 60,086 59,808
Repairs & maintenance 29,495 27,179 52,384 48,541
Insurance and other 26,050 27,227 52,039 51,800
Real estate taxes 21,845 20,099 43,488 40,886
Membership sales and marketing 4,062 6,126 7,993 11,423
Ancillary operating expenses 5,567 5,840 10,431 10,553
Total expenses 184,916 183,051 357,647 352,456
NOI 173,465 163,936 369,820 354,267
Operating Segments | Property Operations | Annual membership subscriptions        
Revenues:        
Contract revenue 16,902 16,369 33,244 32,584
Operating Segments | Property Operations | Membership upgrade revenue        
Revenues:        
Contract revenue 3,120 4,050 6,172 7,997
Operating Segments | Property Operations | Gross revenues from ancillary services        
Revenues:        
Contract revenue 12,139 12,970 22,463 23,913
Expenses:        
Cost of ancillary services 6,177 7,008 10,622 12,501
Operating Segments | Property Operations | Property management        
Expenses:        
Cost of ancillary services 20,723 19,436 41,153 39,146
Operating Segments | Home Sales and Rentals Operations        
Revenues:        
Rental income 3,540 3,387 6,933 6,903
Total revenues 14,199 27,982 28,191 50,608
Expenses:        
Rental home operating and maintenance 1,303 1,563 2,451 2,941
Home selling expenses 1,421 1,632 2,725 3,066
Total expenses 13,023 23,837 24,722 43,123
NOI 1,176 4,145 3,469 7,485
Operating Segments | Home Sales and Rentals Operations | Home sales and brokered resales        
Revenues:        
Contract revenue 10,659 24,595 21,258 43,705
Expenses:        
Cost of ancillary services $ 10,299 $ 20,642 $ 19,546 $ 37,116