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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Land $ 1,027,976 $ 451,340
Land improvements and buildings 4,825,043 3,535,909
Rental homes and improvements 489,633 460,480
Furniture, fixtures, and equipment 130,127 102,746
Land held for future development 23,560 23,047
Investment property 6,496,339 4,573,522
Accumulated depreciation 1,026,858 852,407
Investment property, net (including $92,009 and $94,230 for consolidated variable interest entities at December 31, 2015 and December 31, 2014; see Note 7) 5,469,481 3,721,115
Cash and cash equivalents 8,164 45,086
Inventory of manufactured homes 21,632 14,828
Notes and other receivables, net 81,179 47,972
Collateralized receivables, net 143,870 139,768
Other assets, net 146,450 213,030
TOTAL ASSETS 5,870,776 4,181,799
LIABILITIES    
Mortgage loans payable (including $64,082 and $65,849 for consolidated variable interest entities at December 31, 2015 and December 31, 2014; see Note 7) 2,819,567 2,125,267
Secured borrowings on collateralized receivables 144,477 140,440
Preferred OP units - mandatorily redeemable 45,903 45,903
Lines of credit 100,095 24,687
Distributions payable 51,896 41,265
Other liabilities (including $4,091 and $1,139 for consolidated variable interest entities at December 31, 2015 and December 31, 2014; see Note 7) 279,667 184,859
TOTAL LIABILITIES 3,441,605 2,562,421
Commitments and contingencies
STOCKHOLDERS' EQUITY (DEFICIT)    
Series A preferred stock, $0.01 par value. Issued and outstanding: 3,400 shares at December 31, 2015 and December 31, 2014 34 34
Common stock, $0.01 par value. Authorized: 180,000 shares; Issued and outstanding: 58,395 shares at December 31, 2015 and 48,573 shares at December 31, 2014 732 584
Additional paid-in capital 3,321,441 2,319,314
Accumulated Other Comprehensive Income (Loss), Net of Tax (3,181) 0
Distributions in excess of accumulated earnings (1,023,415) (864,122)
Total Sun Communities, Inc. stockholders' equity 2,295,611 1,455,810
Noncontrolling interests:    
Common and preferred OP units 69,598  
Consolidated variable interest entities (2,982) (1,767)
Total noncontrolling interests 66,616 80,771
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) 2,362,227 1,536,581
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) 5,870,776 4,181,799
Series A-4 Preferred Stock [Member]    
LIABILITIES    
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount 50,227 61,732
Series A-4 Preferred Op Units [Member]    
LIABILITIES    
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount $ 16,717 21,065
Noncontrolling interests:    
Common and preferred OP units   $ 82,538