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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows From Operating Activities:    
Consolidated net income $ 23,953 $ 37,286
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation expense 53,235 37,387
Amortization of in-place leases 36,766  
Amortization of loan costs 2,788 2,263
Debt premium amortization (3,435) (10)
Equity in income of unconsolidated joint ventures (1,838) (1,938)
Distributions from unconsolidated joint ventures 1,107 1,332
Amortization of stock-related compensation 3,285 2,969
Revenue recognized from right-to-use contract upfront payments (3,295) (2,800)
Commission expense recognized related to right-to-use contracts 1,113 909
Accrued long term incentive plan compensation 390 544
Provision for uncollectible rents receivable (29) 608
Changes in assets and liabilities:    
Notes receivable activity, net 268 189
Rent and other customer receivables, net 257 (670)
Inventory (86) 337
Deferred commission expense (2,010) (3,256)
Escrow deposits and other assets (1,919) (5,145)
Accrued payroll and other operating expenses, net 4,248 7,948
Deferred revenue - upfront payments from right-to-use contracts 5,186 8,710
Deferred revenue - right-to-use annual payments 4,146 4,192
Rents received in advance and security deposits 4,896 4,414
Net cash provided by operating activities 129,026 95,269
Cash Flows From Investing Activities:    
Proceeds from short-term investments   52,266
Net repayments (borrowings) of notes receivable 3,681 (2,832)
Acquisition escrow deposit   (300,000)
Capital improvements (30,560) (24,478)
Net cash used in investing activities (26,879) (275,044)
Cash Flows From Financing Activities:    
Net proceeds from stock options and employee stock purchase plan 696 673
Net proceeds from issuance of Common Stock   344,049
Distributions to Common Stockholders, Common OP Unitholders, Perpetual Preferred OP Unitholders and Preferred Stockholders (44,811) (32,038)
Stock repurchase and Unit redemption (43) (216)
Principal payments and mortgage debt payoff (78,297) (56,281)
New financing proceeds 85,500  
Equity issuance costs (18)  
Debt issuance costs (667) (3,727)
Net cash (used in) provided by financing activities (37,640) 252,460
Net increase in cash and cash equivalents 64,507 72,685
Cash and cash equivalents, beginning of period 70,460 12,659
Cash and cash equivalents, end of period 134,967 85,344
Supplemental Information:    
Cash paid during the period for interest 58,672 41,228
Non-cash activities (increase/(decrease)):    
Manufactured homes acquired with dealer financing   830
Dealer financing   (830)
Capital improvements - used homes acquired by repossessions 3,993 252
Net repayments of notes receivable - used homes acquired by repossessions (3,993) (252)
Building and other depreciable property - reclassification of rental homes (3,091) (1,405)
Escrow deposits and other assets - reclassification of rental homes 3,091 1,405
Series A Cumulative Redeemable Perpetual Preferred Stock   200,000
Perpetual Preferred OP Units conversion   $ (200,000)