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Notes Receivable, net
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Notes Receivable, net Notes Receivable, net
Notes receivable generally are presented at their outstanding unpaid principal balances, net of any allowances and unamortized discounts or premiums. Interest income is accrued on the unpaid principal balance. Discounts or premiums are amortized to income using the interest method.
Contracts receivable represents financing for non-refundable upfront payments required for membership upgrades. Chattel loans represents purchases of loans made by an unaffiliated lender to finance the sales of homes to our customers at our Properties.
The following table summarizes our notes receivable and related accrued interest, net of allowance (amounts in thousands):
As of December 31,As December 31, 2025
20252024Weighted Average Interest RateWeighted Average Remaining Term
Contracts receivable$29,568 $42,255 11.9%3.8 years
Chattel loans$7,428 $8,471 7.6%11.1 years
RVC loan$56,362 $— 5.0%0.5 years
Notes Receivable, net
$93,358 $50,726