Long-Term Borrowings	6 Months Ended
Jun. 30, 2011
Long-Term Borrowings	Note 7 – Long-Term Borrowings As of June 30, 2011 and December 31, 2010, the Company had outstanding mortgage indebtedness on Properties held for long term of approximately $1,357 million and $1,413 million, respectively. The weighted average interest rate on this mortgage indebtedness for the six months ended June 30, 2011 was approximately 6.1% per annum. The debt bears interest at rates of 5.0% to 8.5% per annum and matures on various dates ranging from 2011 to 2020. The debt encumbered a total of 121 and 129 of the Company’s Properties as of June 30, 2011 and December 31, 2010, respectively, and the carrying value of such Properties was approximately $1,520 million and $1,508 million, respectively, as of such dates. During the six months ended June 30, 2011, the Company paid off eight maturing mortgages totaling approximately $45.5 million, with a weighted average interest rate of 7.00% per annum. As of December 31, 2010, the Company’s unsecured Line of Credit (“LOC”) had an availability of $100 million of which no amounts were outstanding and which was scheduled to mature on June 29, 2011. On May 19, 2011, the Company amended its LOC to increase its borrowing capacity under the LOC from $100 million to a maximum borrowing capacity of $380 million and to extend the maturity date to September 18, 2015. The LOC accrues interest at an annual rate equal to the applicable LIBOR rate plus 1.65% to 2.50% and contains a 0.30% to 0.40% facility fee as well as certain other customary negative and affirmative covenants. The Company has an eight-month extension option under the LOC, subject to payment by it of certain administrative fees and the satisfaction of certain other enumerated conditions. The spread over LIBOR and the facility fee pricing are variable based on leverage throughout the term of the LOC. The Company incurred commitment and arrangement fees of approximately $3.6 million to enter into the amended LOC. As of June 30, 2011, the Company’s LOC had an availability of $380 million of which no amounts were outstanding. As of June 30, 2011 the Company had outstanding debt secured by individual manufactured homes of approximately $0.8 million. The financing provided by the dealer requires quarterly payments, bears interest at 6.0% and matures on July 16, 2016.

Note 7 – Long-Term Borrowings

As of June 30, 2011 and December 31, 2010, the Company had outstanding mortgage indebtedness on Properties held for long term of approximately $1,357 million and $1,413 million, respectively. The weighted average interest rate on this mortgage indebtedness for the six months ended June 30, 2011 was approximately 6.1% per annum. The debt bears interest at rates of 5.0% to 8.5% per annum and matures on various dates ranging from 2011 to 2020. The debt encumbered a total of 121 and 129 of the Company’s Properties as of June 30, 2011 and December 31, 2010, respectively, and the carrying value of such Properties was approximately $1,520 million and $1,508 million, respectively, as of such dates.

During the six months ended June 30, 2011, the Company paid off eight maturing mortgages totaling approximately $45.5 million, with a weighted average interest rate of 7.00% per annum.

As of December 31, 2010, the Company’s unsecured Line of Credit (“LOC”) had an availability of $100 million of which no amounts were outstanding and which was scheduled to mature on June 29, 2011.

On May 19, 2011, the Company amended its LOC to increase its borrowing capacity under the LOC from $100 million to a maximum borrowing capacity of $380 million and to extend the maturity date to September 18, 2015. The LOC accrues interest at an annual rate equal to the applicable LIBOR rate plus 1.65% to 2.50% and contains a 0.30% to 0.40% facility fee as well as certain other customary negative and affirmative covenants. The Company has an eight-month extension option under the LOC, subject to payment by it of certain administrative fees and the satisfaction of certain other enumerated conditions. The spread over LIBOR and the facility fee pricing are variable based on leverage throughout the term of the LOC. The Company incurred commitment and arrangement fees of approximately $3.6 million to enter into the amended LOC.

As of June 30, 2011, the Company’s LOC had an availability of $380 million of which no amounts were outstanding.

As of June 30, 2011 the Company had outstanding debt secured by individual manufactured homes of approximately $0.8 million. The financing provided by the dealer requires quarterly payments, bears interest at 6.0% and matures on July 16, 2016.