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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Statement of Cash Flows [Abstract]    
Net income $ 6,393 $ 2,585
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain from land disposition (65) 0
Gain on valuation of derivative instruments (3) (4)
Stock compensation expense 345 215
Depreciation and amortization 19,573 16,345
Amortization of deferred financing costs 437 453
Distributions from affiliates (750) (350)
Change in notes receivable from financed sales of inventory homes, net of repayments (2,078) (1,231)
Change in inventory, other assets and other receivables, net 4,316 (1,673)
Change in accounts payable and other liabilities (7,116) (23)
NET CASH PROVIDED BY OPERATING ACTIVITIES 21,052 16,317
INVESTING ACTIVITIES:    
Investment in properties (28,966) (15,200)
Acquisitions (24,482) 0
Proceeds related to affiliate dividend distribution 750 350
Proceeds related to disposition of land 88 0
Proceeds related to disposition of assets and depreciated homes, net 543 405
Reduction of notes receivable, net 327 352
NET CASH USED IN INVESTING ACTIVITIES (51,740) (14,093)
FINANCING ACTIVITIES:    
Issuance and associated costs of common stock, OP units, and preferred OP units, net 157,461 29,799
Net proceeds from stock option exercise 149 45
Distributions to stockholders, OP unit holders, and preferred OP unit holders (15,626) (14,435)
Borrowings on lines of credit 25,375 11,919
Payments on lines of credit (148,425) (43,557)
Proceeds from issuance of other debt 33,959 119,779
Payments on other debt (11,549) (107,888)
Payments for deferred financing costs (538) (1,449)
NET CASH PROVIDED BY (USED IN) FOR FINANCING ACTIVITIES 40,806 (5,787)
Net increase (decrease) in cash and cash equivalents 10,118 (3,563)
Cash and cash equivalents, beginning of period 5,857 8,420
Cash and cash equivalents, end of period 15,975 4,857
SUPPLEMENTAL INFORMATION:    
Cash paid for interest 15,010 12,893
Cash paid for interest on mandatorily redeemable debt 841 828
Cash paid for state income taxes 90 65
Noncash investing and financing activities:    
Unrealized gain on interest rate swaps 256 403
Reduction in secured borrowing balance 3,030 2,537
Receivable for issuance of stock 0 2,092
Change in dividends declared and outstanding 2,934 0
Noncash investing and financing activities at the date of acquisition:    
Acquisitions - debt assumed $ 52,398