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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES:    
Net income $ 45,213 $ 17,515
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on dispositions of assets 3,606 761
Gain on dispositions of properties, net (14,516) 0
Impairment of Real Estate 837  
Asset impairment charge 837 0
Share-based compensation 3,408 2,176
Depreciation and amortization 89,190 75,070
Amortization of deferred financing costs 861 2,212
Distributions from affiliate (1,200) (1,550)
Change in notes receivable from financed sales of inventory homes, net of repayments 13,806 10,089
Change in inventory, other assets and other receivables, net 3,420 7,406
Change in accounts payable and other liabilities (542) 2,347
NET CASH PROVIDED BY OPERATING ACTIVITIES 109,259 94,326
INVESTING ACTIVITIES:    
Investment in properties (131,602) (140,681)
Acquisition of properties (137,376) (82,718)
Payment for deposit on acquisition (50,000) 0
Investment in note receivable of acquired properties 0 49,441
Proceeds related to affiliate dividend distribution 1,200 1,550
Proceeds related to the disposition of land 221 0
Proceeds related to disposition of assets and depreciated homes, net 3,940 757
Proceeds related to disposition of properties 59,683 0
Issuance of notes and other receivables 442 684
Repayments of notes and other receivables (5,754) (908)
NET CASH USED IN INVESTING ACTIVITIES (248,622) (270,309)
FINANCING ACTIVITIES:    
Proceeds from Issuance of Common Stock 562,581 261,780
Net proceeds from stock option exercise 126 201
Distributions to stockholders, OP unit holders, and preferred OP unit holders (86,414) (74,185)
Payments to retire preferred operating patnership units 0 300
Borrowings on lines of credit 384,924 260,248
Payments on lines of credit (566,307) (235,264)
Proceeds from issuance of other debt 187,340 24,368
Payments on other debt (87,579) (82,668)
Proceeds received from return of prepaid deferred financing costs 2,384 0
Payments for deferred financing costs (3,293) (2,750)
NET CASH PROVIDED BY FOR FINANCING ACTIVITIES 393,762 151,430
Net increase (decrease) in cash and cash equivalents 254,399 (24,553)
Cash and cash equivalents, beginning of period 4,753 29,508
Cash and cash equivalents, end of period 259,152 4,955
SUPPLEMENTAL INFORMATION:    
Cash paid for interest 43,294 44,595
Cash paid for interest on mandatorily redeemable debt 2,417 2,430
Income Taxes Paid, Net 292 158
Noncash investing and financing activities:    
Unrealized gain on interest rate swaps 97 266
Reduction in secured borrowing balance 17,119 11,534
Change in distributions declared and outstanding 8,580 4,510
Conversion of Series A-1 preferred OP units 1,878 0
Noncash investing and financing activities at the date of acquisition:    
Stock Issued During Period, Value, New Issues, Series A-3 Preferred OP Units 0 3,463
Acquisitions - release of note receivable and accrued interest $ 0 $ 49,441