Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Cash Flows From Operating Activities:
Consolidated net income	$ 111,491	$ 114,393
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization	54,318	52,176
Amortization of loan costs	1,329	1,239
Equity in (income)/loss of unconsolidated joint ventures	877	(4,901)
Distributions of income from unconsolidated joint ventures	106	74
Proceeds from insurance claims, net	(36)	145
Compensation expense related to incentive plans	2,148	2,334
Revenue recognized from membership upgrade sales upfront payments	(3,697)	(3,220)
Commission expense related to memberships sales	1,705	971
Changes in assets and liabilities:
Manufactured homes, net	(14,313)	(3,074)
Notes receivable, net	3,106	2,996
Deferred commission expense	(1,245)	(1,599)
Other assets, net	9,279	19,632
Accounts payable and other liabilities	18,831	1,627
Deferred membership revenue	2,517	4,372
Rents and other customer payments received in advance and security deposits	7,816	6,225
Net cash provided by operating activities	194,232	193,390
Cash Flows From Investing Activities:
Investment in unconsolidated joint ventures	(149)	(8,690)
Distributions of capital from unconsolidated joint ventures	1,138	7,404
Proceeds from insurance claims, net	0	4,167
Capital improvements	(45,285)	(45,202)
Net cash used in investing activities	(44,296)	(42,321)
Cash Flows From Financing Activities:
Proceeds from stock options and employee stock purchase plan	375	391
Distributions:
Common Stockholders	(99,825)	(91,229)
Common OP Unitholders	(3,321)	(4,347)
Share based award tax withholding payments	(1,929)	(2,258)
Principal payments and mortgage debt repayment	(16,562)	(16,665)
Line of credit repayment	(207,000)	(199,500)
Line of credit proceeds	191,500	185,500
Other	(70)	(61)
Net cash used in financing activities	(136,832)	(128,169)
Net increase (decrease) in cash and restricted cash	13,104	22,900
Cash and restricted cash, beginning of period	26,132	24,576
Cash and restricted cash, end of period	39,236	47,476
Supplemental Information:
Cash paid for interest, net	32,572	31,661
Cash paid for the purchase of manufactured homes	$ 21,962	$ 11,273