SCHEDULE III

12 Months Ended

Dec. 31, 2016

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation Disclosure [Text Block]

			Initial Cost to Company				Costs Capitalized Subsequent to Acquisition (Improvements)					Gross Amount Carried at December 31, 2016
Property Name	Location	Encumbrance	Land		Depreciable  Assets		Land			Depreciable Assets		Land		Depreciable  Assets		Total		Accumulated Depreciation		Date	Acquired (A) or Constructed (C)
Academy/West Pointe	Canton, MI	B	$	1,485	$	14,278	$	—		$	9,169	$	1,485	$	23,447	$	24,932	$	11,005	2000	(A)
Adirondack Gateway RV Resort & Campground	Gansevoort, NY	—	620		1,970		—			59		620		2,029		2,649		38		2016	(A)
Allendale Meadows Mobile Village	Allendale, MI	B	366		3,684		—			11,351		366		15,035		15,401		7,990		1996	(A)
Alpine Meadows Mobile Village	Grand Rapids, MI	A	729		6,692		—			9,744		729		16,436		17,165		8,434		1996	(A&C)
Alta Laguna	Rancho Cucamonga, CA	D	23,310		20,547		—			554		23,310		21,101		44,411		375		2016	(A)
Apple Carr Village	Muskegon, MI	—	800		6,172		—			6,587		800		12,759		13,559		2,697		2011	(A)
Apple Creek Manufactured Home Community and Self Storage	Amelia, OH	B	543		5,480		—			2,276		543		7,756		8,299		3,714		1999	(A)
Arbor Terrace RV Park	Bradenton, FL	—	456		4,410		—			3,882		456		8,292		8,748		3,718		1996	(A)
Ariana Village Mobile Home Park	Lakeland, FL	D	240		2,195		—			1,389		240		3,584		3,824		2,009		1994	(A)
Arran Lake RV Resort & Campground	Allenford, ON (1)	—	1,190		1,175		(65		)	32		1,125		1,207		2,332		20		2016	(A)
Austin Lone Star RV Resort	Austin, TX	—	630		7,913		—			854		630		8,767		9,397		156		2016	(A)
Autumn Ridge	Ankeny, IA (3)	B	890		8,054		(33		)	4,573		857		12,627		13,484		6,461		1996	(A)
Bahia Vista Estates	Sarasota, FL	—	6,810		17,650		—			540		6,810		18,190		25,000		322		2016	(A)
Baker Acres RV Resort	Zephyrhills, FL	E	2,140		11,880		—			792		2,140		12,672		14,812		221		2016	(A)
Bell Crossing	Clarksville, TN (3)	B	717		1,916		(13		)	8,233		704		10,149		10,853		4,802		1999	(A&C)
Big Timber Lake RV Resort	Cape May, NJ	A	590		21,308		—			1,836		590		23,144		23,734		3,129		2013	(A)
Big Tree RV Resort	Arcadia, FL	—	1,250		13,534		—			890		1,250		14,424		15,674		256		2016	(A)
Blazing Star	San Antonio, TX	—	750		6,163		—			1,440		750		7,603		8,353		1,369		2012	(A)
Blue Heron Pines	Punta Gorda, FL	E	410		35,294		—			1,531		410		36,825		37,235		1,853		2015	(A)
Blue Jay MH & RV Resort	Dade City, FL	—	2,040		9,679		—			512		2,040		10,191		12,231		177		2016	(A)
Blue Star/Lost Dutchman	Apache Junction, AZ	E	5,120		12,720		—			5,328		5,120		18,048		23,168		1,401		2014	(A)
Blueberry Hill	Bushnell, FL	C	3,830		3,240		—			2,903		3,830		6,143		9,973		1,148		2012	(A)
Boulder Ridge	Pflugerville, TX	B	1,000		500		3,324			26,068		4,324		26,568		30,892		12,020		1998	(C)
Branch Creek Estates	Austin, TX	B	796		3,716		—			5,502		796		9,218		10,014		5,467		1995	(A&C)

			Initial Cost to Company		Costs Capitalized Subsequent to Acquisition (Improvements)			Gross Amount Carried at December 31, 2016
Property Name	Location	Encumbrance	Land	Depreciable  Assets	Land	Depreciable Assets		Land	Depreciable  Assets	Total	Accumulated Depreciation	Date	Acquired (A) or Constructed (C)
Brentwood Estates	Hudson, FL	E	1,150	9,359	—	1,489		1,150	10,848	11,998	551	2015	(A)
Brentwood Mobile Village	Kentwood, MI	B	385	3,592	—	2,261		385	5,853	6,238	3,493	1996	(A)
Brentwood West	Mesa, AZ	B	13,620	24,202	—	697		13,620	24,899	38,519	2,173	2014	(A)
Brookside Mobile Home Village	Goshen, IN	B	260	1,080	386	15,048		646	16,128	16,774	7,566	1985	(A&C)
Brookside Village	Kentwood, MI	D	170	5,564	—	526		170	6,090	6,260	1,203	2011	(A)
Buttonwood Bay	Sebring, FL	D	1,952	18,294	—	6,134		1,952	24,428	26,380	11,712	2001	(A)
Byron Center Mobile Village	Byron Center, MI	A	253	2,402	—	2,409		253	4,811	5,064	2,782	1996	(A)
Camelot Villa	Macomb, MI	A	910	21,211	—	11,653		910	32,864	33,774	4,275	2013	(A)
Campers Haven RV Resort	Dennisport, MA	—	14,260	11,915	—	544		14,260	12,459	26,719	225	2016	(A)
Candlelight Manor	South Dakota, FL	—	3,140	3,867	—	402		3,140	4,269	7,409	73	2016	(A)
Candlelight Village	Sauk Village, IL	A	600	5,623	—	9,154		600	14,777	15,377	7,502	1996	(A)
Cape May Crossing	Cape May, NJ	—	270	1,693	—	459		270	2,152	2,422	37	2016	(A)
Cape May KOA	Cape May, NJ	C	650	7,736	—	5,132		650	12,868	13,518	2,047	2013	(A)
Carriage Cove	Sanford, FL	E	6,050	21,235	—	1,968		6,050	23,203	29,253	2,059	2014	(A)
Carrington Pointe	Ft. Wayne, IN	—	1,076	3,632	—	9,210		1,076	12,842	13,918	5,710	1997	(A&C)
Castaways RV Resort & Campground	Berlin, MD	A	14,320	22,277	—	5,096		14,320	27,373	41,693	2,700	2014	(A&C)
Cava Robles RV Resort	Paso Robles, CA	—	1,396	—	—	4,069		1,396	4,069	5,465	—	2014	(C)
Cave Creek	Evans, CO	B	2,241	15,343	—	14,007		2,241	29,350	31,591	8,503	2004	(C)
Central Park MH & RV Resort	Haines City, FL	—	2,600	10,405	—	672		2,600	11,077	13,677	198	2016	(A)
Chisholm Point Estates	Pflugerville, TX	B	609	5,286	—	4,733		609	10,019	10,628	6,120	1995	(A&C)
Cider Mill Crossings	Fenton, MI	C	520	1,568	—	16,264		520	17,832	18,352	4,175	2011	(A&C)
Cider Mill Village	Middleville, MI	A	250	3,590	—	3,434		250	7,024	7,274	1,580	2011	(A)
Citrus Hill RV Resort	Dade City, FL	—	1,170	2,422	—	544		1,170	2,966	4,136	52	2016	(A)
Clear Water Mobile Village	South Bend, IN	B	80	1,270	61	6,289		141	7,559	7,700	3,524	1986	(A)
Club Naples	Naples, FL	C	5,780	4,952	—	2,464		5,780	7,416	13,196	1,554	2011	(A)
Club Wildwood	Hudson, FL	E	13,780	21,770	—	(705	)	13,780	21,065	34,845	376	2016	(A)
Cobus Green Mobile Home Park	Osceola, IN	A	762	7,037	—	8,849		762	15,886	16,648	7,811	1993	(A)
The Colony (2)	Oxnard, CA	—	—	6,437	—	585		—	7,022	7,022	118	2016	(A)
Comal Farms	New Braunfels, TX	C	1,455	1,732	—	8,447		1,455	10,179	11,634	4,658	2000	(A&C)

			Initial Cost to Company		Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at December 31, 2016
Property Name	Location	Encumbrance	Land	Depreciable  Assets	Land		Depreciable Assets		Land	Depreciable  Assets	Total	Accumulated Depreciation		Date	Acquired (A) or Constructed (C)
Continental North	Davison, MI	A	749	6,089	—		13,112		749	19,201	19,950	9,975		1996	(A&C)
Corporate Headquarters	Southfield, MI	—	—	—	—		48,357		—	48,357	48,357	13,233		Various
Country Acres Mobile Village	Cadillac, MI	A	380	3,495	—		3,709		380	7,204	7,584	3,752		1996	(A)
Country Hills Village	Hudsonville, MI	A	340	3,861	—		2,723		340	6,584	6,924	1,810		2011	(A)
Country Meadows Mobile Village	Flat Rock, MI	B	924	7,583	296		19,418		1,220	27,001	28,221	15,067		1994	(A&C)
Country Meadows Village	Caledonia, MI	C	550	5,555	—		4,873		550	10,428	10,978	2,020		2011	(A&C)
Country Squire MH & RV Resort	Paisley, FL	—	520	1,719	—		567		520	2,286	2,806	39		2016	(A)
Countryside Atlanta	Lawrenceville, GA	—	1,274	10,957	—		4,130		1,274	15,087	16,361	5,242		2004	(A)
Countryside Estates	Mckean, PA	E	320	11,610	—		1,348		320	12,958	13,278	1,145		2014	(A)
Countryside Gwinnett	Buford, GA	A	1,124	9,539	—		4,100		1,124	13,639	14,763	6,135		2004	(A)
Countryside Lake Lanier	Buford, GA	B	1,916	16,357	—		9,562		1,916	25,919	27,835	10,230		2004	(A)
Countryside Village	Great Falls, MT	—	430	7,157	—		910		430	8,067	8,497	668		2014	(A)
Craigleith RV Resort & Campground	Clarksburg, ON (1)	—	420	705	(23	)	50		397	755	1,152	13		2016	(A)
Creekwood Meadows	Burton, MI	A	808	2,043	404		15,269		1,212	17,312	18,524	8,903		1997	(C)
Cutler Estates Mobile Village	Grand Rapids, MI	B	749	6,941	—		3,975		749	10,916	11,665	6,167		1996	(A)
Cypress Greens	Lake Alfred, FL	E	960	17,518	—		755		960	18,273	19,233	958	0.173	2015	(A)
Daytona Beach RV Resort	Port Orange, FL	—	2,300	7,158	—		1,014		2,300	8,172	10,472	145		2016	(A)
Deer Lake RV Resort & Campground	Huntsville, ON (1)	—	2,830	4,260	(155	)	(191	)	2,675	4,069	6,744	69		2016	(A)
Deerfield Run	Anderson, IN	C	990	1,607	—		6,862		990	8,469	9,459	3,548		1999	(A&C)
Deerwood	Orlando, FL	B	6,920	37,593	—		3,122		6,920	40,715	47,635	2,101		2015	(A)
Desert Harbor	Apache Junction, AZ	E	3,940	14,891	—		304		3,940	15,195	19,135	1,310		2014	(A)
Driftwood Camping Resort	Clermont, NJ	D	1,450	29,851	—		2,426		1,450	32,277	33,727	3,114		2014	(A)
Dunedin RV Resort	Dunedin, FL	E	4,400	16,923	—		723		4,400	17,646	22,046	310		2016	(A)
Dutton Mill Village	Caledonia, MI	A	370	8,997	—		1,913		370	10,910	11,280	2,302		2011	(A)
Eagle Crest	Firestone, CO	B	2,015	150	—		31,009		2,015	31,159	33,174	13,809		1998	(C)
East Fork	Batavia, OH	C	1,280	6,302	—		18,095		1,280	24,397	25,677	8,423		2000	(A&C)
East Village Estates	Washington Twp., MI	A	1,410	25,413	—		3,764		1,410	29,177	30,587	4,949		2012	(A)
Egelcraft	Muskegon, MI	D	690	22,596	—		1,740		690	24,336	25,026	2,167		2014	(A)

			Initial Cost to Company		Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at December 31, 2016
Property Name	Location	Encumbrance	Land	Depreciable  Assets	Land		Depreciable Assets		Land	Depreciable  Assets	Total	Accumulated Depreciation	Date	Acquired (A) or Constructed (C)
Ellenton Gardens RV Resort	Ellenton, FL	E	2,130	7,755	—		875		2,130	8,630	10,760	150	2016	(A)
Fairfield Village	Ocala, FL	B	1,160	18,673	—		245		1,160	18,918	20,078	981	2015	(A)
Fiesta Village	Mesa, AZ	C	2,830	4,475	—		679		2,830	5,154	7,984	427	2014	(A)
Fisherman's Cove	Flint, MI	A	380	3,438	—		3,803		380	7,241	7,621	4,446	1993	(A)
Forest Meadows	Philomath, OR	A	1,031	2,050	—		582		1,031	2,632	3,663	1,485	1999	(A)
Forest View	Homosassa, FL	B	1,330	22,056	—		159		1,330	22,215	23,545	1,168	2015	(A)
Fort Tatham RV Resort & Campground	Sylva, NC	—	110	760	—		452		110	1,212	1,322	21	2016	(A)
Fort Whaley	Whaleyville, MD	C	510	5,194	—		2,189		510	7,383	7,893	349	2015	(A)
Four Seasons	Elkhart, IN	A	500	4,811	—		3,675		500	8,486	8,986	3,857	2000	(A)
Frenchtown Villa/Elizabeth Woods	Newport, MI	E	1,450	52,327	—		8,795		1,450	61,122	62,572	5,172	2014	(A)
Friendly Village of La Habra	La Habra, CA	D	26,530	25,697	—		(389	)	26,530	25,308	51,838	468	2016	(A)
Friendly Village of Modesto	Modesto, CA	D	6,260	20,885	—		263		6,260	21,148	27,408	353	2016	(A)
Friendly Village of Simi	Simi Valley, CA	D	14,480	15,445	—		608		14,480	16,053	30,533	282	2016	(A)
Friendly Village of West Covina	West Covina, CA	D	14,520	5,221	—		540		14,520	5,761	20,281	107	2016	(A)
Frontier Town	Ocean City, MD	C	18,960	43,166	—		4,165		18,960	47,331	66,291	2,604	2015	(A)
Glen Haven RV Resort	Zephyrhills, FL	E	1,980	8,373	—		752		1,980	9,125	11,105	158	2016	(A)
Glen Laurel	Concord, NC	C	1,641	453	—		14,159		1,641	14,612	16,253	6,422	2001	(A&C)
Gold Coaster	Homestead, FL	A	446	4,234	172		5,522		618	9,756	10,374	4,535	1997	(A)
Grand Bay	Dunedin, FL	—	3,460	6,314	—		490		3,460	6,804	10,264	117	2016	(A)
Grand Lakes	Citra, FL	C	5,280	4,501	—		3,504		5,280	8,005	13,285	1,446	2012	(A)
Grand Mobile Estates	Grand Rapids, MI	B	374	3,587	—		3,747		374	7,334	7,708	3,428	1996	(A)
Grand Oaks RV Resort & Campground	Cayuga, ON (1)	—	970	4,220	(53	)	(145	)	917	4,075	4,992	69	2016	(A)
Grove Ridge RV Resort	Dade City, FL	E	1,290	5,387	—		625		1,290	6,012	7,302	105	2016	(A)
The Grove at Alta Ridge	Thornton, CO	E	5,370	37,116	—		(115	)	5,370	37,001	42,371	3,141	2014	(A)
Groves RV Resort	Ft. Myers, FL	A	249	2,396	—		3,489		249	5,885	6,134	2,319	1997	(A)
Gulfstream Harbor	Orlando, FL	B	14,510	78,930	—		2,651		14,510	81,581	96,091	4,274	2015	(A)
Gulliver's Lake RV Resort & Campground	Millgrove, ON (1)	—	2,950	2,950	(162	)	(60	)	2,788	2,890	5,678	50	2016	(A)

			Initial Cost to Company		Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at December 31, 2016
Property Name	Location	Encumbrance	Land	Depreciable  Assets	Land		Depreciable Assets		Land	Depreciable  Assets	Total	Accumulated Depreciation	Date	Acquired (A) or Constructed (C)
Gwynn's Island RV Resort & Campground	Gwynn, VA	C	760	595	—		1,657		760	2,252	3,012	363	2013	(A)
Hamlin	Webberville, MI	B	125	1,675	536		12,162		661	13,837	14,498	5,762	1984	(A&C)
Heritage	Temecula, CA	D	13,200	7,877	—		493		13,200	8,370	21,570	152	2016	(A)
The Hamptons	Auburndale, FL	B	15,890	67,555	—		1,606		15,890	69,161	85,051	3,541	2015	(A)
Hickory Hills Village	Battle Creek, MI	—	760	7,697	—		2,235		760	9,932	10,692	2,219	2011	(A)
The Hideaway	Key West, FL	—	2,720	972	—		461		2,720	1,433	4,153	26	2016	(A)
Hidden Ridge RV Resort	Hopkins, MI	C	440	893	—		1,722		440	2,615	3,055	579	2011	(A)
Hidden River RV Resort	Riverview, FL	—	3,950	6,376	—		604		3,950	6,980	10,930	121	2016	(A)
Hidden Valley RV Resort & Campground	Normandale, ON (1)	—	2,610	4,170	(143	)	(171	)	2,467	3,999	6,466	68	2016	(A)
High Pointe	Frederica, DE (3)	—	898	7,031	(42	)	6,371		856	13,402	14,258	6,094	1997	(A)
The Hills	Apopka, FL	—	1,790	3,869	—		746		1,790	4,615	6,405	79	2016	(A)
Hill Country Cottage and RV Resort	New Braunfels, TX	—	3,790	27,200	—		(254	)	3,790	26,946	30,736	638	2016	(A)
Holiday West Village	Holland, MI	B	340	8,067	—		1,393		340	9,460	9,800	2,017	2011	(A)
Holly Forest Estates	Holly Hill, FL	B	920	8,376	—		889		920	9,265	10,185	5,644	1997	(A)
Holly Village/Hawaiian Gardens	Holly, MI	B	1,514	13,596	—		4,705		1,514	18,301	19,815	7,065	2004	(A)
Homosassa River RV Resort	Homosassa Springs, FL	—	1,520	5,020	—		584		1,520	5,604	7,124	110	2016	(A)
Horseshoe Cove RV Resort	Bradenton, FL	E	9,040	33,107	—		102		9,040	33,209	42,249	603	2016	(A)
Hunters Crossing	Capac, MI	C	430	1,092	—		1,187		430	2,279	2,709	355	2012	(A)
Hunters Glen	Wayland, MI	C	1,102	11,926	—		8,444		1,102	20,370	21,472	7,243	2004	(C)
Indian Creek Park	Ft. Myers Beach, FL	D	3,832	34,660	—		10,305		3,832	44,965	48,797	25,890	1996	(A)
Indian Creek RV & Camping Resort	Geneva on the Lake, OH (3)	C	420	20,791	(5	)	4,595		415	25,386	25,801	3,124	2013	(A&C)
Indian Wells RV Resort	Indio, CA	D	2,880	19,470	—		1,090		2,880	20,560	23,440	367	2016	(A)
Island Lakes	Merritt Island, FL	D	700	6,431	—		643		700	7,074	7,774	4,778	1995	(A)
Jellystone Park(TM) at Birchwood Acres	Greenfield Park, NY	A	560	5,527	—		4,637		560	10,164	10,724	1,622	2013	(A)
Jellystone Park (TM) at Larkspur	Larkspur, CO	—	1,880	5,521	—		1,010		1,880	6,531	8,411	117	2016	(A)
Jellystone Park(TM) of Western New York	North Java, NY	A	870	8,884	—		3,081		870	11,965	12,835	2,059	2013	(A)
Kensington Meadows	Lansing, MI	B	250	2,699	—		8,504		250	11,203	11,453	6,418	1995	(A&C)

			Initial Cost to Company		Costs Capitalized Subsequent to Acquisition (Improvements)			Gross Amount Carried at December 31, 2016
Property Name	Location	Encumbrance	Land	Depreciable  Assets	Land		Depreciable Assets	Land	Depreciable  Assets	Total	Accumulated Depreciation	Date	Acquired (A) or Constructed (C)
Kimberly Estates	Newport, MI	—	1,250	6,160	—		3,843	1,250	10,003	11,253	159	2016	(A)
Kings Court Mobile Village	Traverse City, MI	B	1,473	13,782	269		4,575	1,742	18,357	20,099	11,441	1996	(A)
Kings Lake	DeBary, FL	D	280	2,542	—		2,768	280	5,310	5,590	3,163	1994	(A)
Kings Manor	Lakeland, FL	—	2,270	5,578	—		436	2,270	6,014	8,284	102	2016	(A)
King's Pointe	Lake Alfred, FL	B	510	16,763	—		337	510	17,100	17,610	879	2015	(A)
Kissimmee Gardens	Kissimmee, FL	—	3,270	14,402	—		441	3,270	14,843	18,113	254	2016	(A)
Kissimmee South RV Resort	Davenport, FL	—	3,740	6,819	—		847	3,740	7,666	11,406	137	2016	(A)
Knollwood Estates	Allendale, MI	A	400	4,061	—		4,064	400	8,125	8,525	3,891	2001	(A)
La Casa Blanca	Apache Junction, AZ	B	4,370	14,142	—		569	4,370	14,711	19,081	1,264	2014	(A)
La Costa Village	Port Orange, FL	D	3,640	62,315	—		715	3,640	63,030	66,670	3,254	2015	(A)
La Hacienda RV Resort	Austin, TX	C	3,670	22,225	—		782	3,670	23,007	26,677	1,473	2015	(A)
Lafayette Place	Warren, MI	A	669	5,979	—		6,943	669	12,922	13,591	6,437	1998	(A)
Lafontaine RV Resort & Campground	Tiny, ON (1)	—	1,290	2,075	(71	)	78	1,219	2,153	3,372	35	2016	(A)
Lake Avenue RV Resort & Campground	Cherry Valley, ON (1)	—	670	1,290	(37	)	40	633	1,330	1,963	22	2016	(A)
Lake In Wood	Narvon, PA	A	7,360	7,097	—		1,368	7,360	8,465	15,825	1,513	2012	(A)
Lake Josephine	Sebring, FL	—	—	—	—		3,400	—	3,400	3,400	—	2016	(A)
Lake Juliana Landings	Auburndale, FL	A	335	3,048	—		1,706	335	4,754	5,089	2,895	1994	(A)
Lake Pointe Village	Mulberry, FL	D	480	29,795	—		338	480	30,133	30,613	1,548	2015	(A)
Lake Rudolph Campground & RV Resort	Santa Claus, IN	A	2,340	28,113	—		5,491	2,340	33,604	35,944	4,213	2014	(A&C)
Lake San Marino RV Park	Naples, FL	A	650	5,760	—		3,934	650	9,694	10,344	4,652	1996	(A)
Lakefront	Lakeside, CA	D	21,130	16,899	—		560	21,130	17,459	38,589	310	2016	(A)
Lakeland RV Resort	Lakeland, FL	—	1,730	5,524	—		597	1,730	6,121	7,851	107	2016	(A)
Lakeshore Landings	Orlando, FL	A	2,570	19,481	—		904	2,570	20,385	22,955	1,728	2014	(A)
Lakeshore Villas	Tampa, FL	B	3,080	18,983	—		380	3,080	19,363	22,443	1,004	2015	(A)
Lakeside Crossing	Conway, SC	D	3,520	31,615	—		3,331	3,520	34,946	38,466	1,663	2015	(A&C)
Lakeview	Ypsilanti, MI	C	1,156	10,903	—		6,187	1,156	17,090	18,246	6,900	2004	(A)
Lamplighter	Port Orange, FL	B	1,330	12,846	—		518	1,330	13,364	14,694	691	2015	(A)
Leisure Village	Belmont, MI	C	360	8,219	—		376	360	8,595	8,955	1,634	2011	(A)
Lemon Wood	Ventura, CA	D	19,540	6,918	—		626	19,540	7,544	27,084	133	2016	(A)
Liberty Farms	Valparaiso, IN	C	66	1,201	116		3,448	182	4,649	4,831	2,623	1985	(A&C)

			Initial Cost to Company		Costs Capitalized Subsequent to Acquisition (Improvements)			Gross Amount Carried at December 31, 2016
Property Name	Location	Encumbrance	Land	Depreciable  Assets	Land		Depreciable Assets	Land	Depreciable  Assets	Total	Accumulated Depreciation	Date	Acquired (A) or Constructed (C)
Lincoln Estates	Holland, MI	C	455	4,201	—		2,907	455	7,108	7,563	4,143	1996	(A)
Long Beach RV Resort & Campground	Barnegat, NJ	—	710	3,414	—		487	710	3,901	4,611	67	2016	(A)
Majestic Oaks RV Resort	Zephyrhills, FL	E	3,940	4,725	—		657	3,940	5,382	9,322	95	2016	(A)
Maple Brook	Matteson, IL	B	8,460	48,865	—		536	8,460	49,401	57,861	4,260	2014	(A)
Maplewood Manor	Brunswick, ME	E	1,770	12,982	—		1,774	1,770	14,756	16,526	1,271	2014	(A)
Marco Naples RV Resort	Naples, FL	—	2,790	10,458	—		731	2,790	11,189	13,979	199	2016	(A)
Meadow Lake Estates	White Lake, MI	B	1,188	11,498	127		8,772	1,315	20,270	21,585	12,986	1994	(A)
Meadowbrook	Charlotte, NC	C	1,310	6,570	—		16,020	1,310	22,590	23,900	8,149	2000	(A&C)
Meadowbrook Estates	Monroe, MI	A	431	3,320	379		13,264	810	16,584	17,394	9,444	1986	(A)
Meadowbrook Village	Tampa, FL	B	519	4,728	—		827	519	5,555	6,074	3,893	1994	(A)
Meadowlands of Gibraltar	Rockwood, MI	A	640	7,673	—		4,639	640	12,312	12,952	682	2015	(A)
Merrymeeting	Brunswick, ME	C	250	1,020	—		813	250	1,833	2,083	144	2014	(A)
Mill Creek RV Resort	Kissimmee, FL	—	1,400	4,839	—		873	1,400	5,712	7,112	105	2016	(A)
Mountain View	Mesa, AZ	B	5,490	12,325	—		382	5,490	12,707	18,197	1,108	2014	(A)
Napa Valley	Napa, CA	D	17,740	11,675	—		534	17,740	12,209	29,949	221	2016	(A)
Naples RV Resort	Naples, FL	C	3,640	2,020	—		1,730	3,640	3,750	7,390	743	2011	(A)
New Point RV Resort	New Point, VA	C	1,550	5,259	—		3,737	1,550	8,996	10,546	1,312	2013	(A)
New Ranch	Clearwater, FL	—	2,270	2,723	—		473	2,270	3,196	5,466	57	2016	(A)
North Lake	Moore Haven, FL	C	4,150	3,486	—		1,718	4,150	5,204	9,354	1,108	2011	(A)
North Point Estates	Pueblo, CO	C	1,582	3,027	—		5,198	1,582	8,225	9,807	3,501	2001	(C)
Northville Crossings	Northville, MI	B	1,236	29,564	—		9,779	1,236	39,343	40,579	7,529	2012	(A)
Oak Creek	Coarsegold, CA	B	4,760	11,185	—		1,239	4,760	12,424	17,184	1,050	2014	(A)
Oak Crest	Austin, TX	B	4,311	12,611	—		9,797	4,311	22,408	26,719	8,294	2002	(C)
Oak Island Village	East Lansing, MI	—	320	6,843	—		2,379	320	9,222	9,542	2,058	2011	(A)
Oak Ridge	Manteno, IL	D	1,090	36,941	—		2,062	1,090	39,003	40,093	3,314	2014	(A)
Oakview Estates	Arcadia, FL	—	850	3,881	—		506	850	4,387	5,237	77	2016	(A)
Oakwood Village	Miamisburg, OH	B	1,964	6,401	—		14,257	1,964	20,658	22,622	10,223	1998	(A&C)
Ocean Breeze	Marathon, FL	—	2,330	1,770	—		481	2,330	2,251	4,581	59	2016	(A)
Ocean Breeze Jensen Beach	Jensen Beach, FL	—	18,600	13,321	—		3,763	18,600	17,084	35,684	265	2016	(A)
Orange City MH & RV Resort	Orange City, FL	C	920	5,540	—		1,680	920	7,220	8,140	1,392	2011	(A)
Orange Tree Village	Orange City, FL	D	283	2,530	15		1,040	298	3,570	3,868	2,391	1994	(A)
Orchard Lake	Milford, OH (3)	C	395	4,025	(15	)	1,398	380	5,423	5,803	2,618	1999	(A)

			Initial Cost to Company		Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at December 31, 2016
Property Name	Location	Encumbrance	Land	Depreciable  Assets	Land		Depreciable Assets		Land	Depreciable  Assets	Total	Accumulated Depreciation	Date	Acquired (A) or Constructed (C)
Paddock Park South	Ocala, FL	—	630	6,601	—		471		630	7,072	7,702	119	2016	(A)
Palm Creek Golf & RV Resort	Casa Grande, AZ	A	11,836	76,143	—		12,977		11,836	89,120	100,956	15,552	2012	(A&C)
Palm Key Village	Davenport, FL	B	3,840	15,661	—		869		3,840	16,530	20,370	855	2015	(A)
Palm Village	Bradenton, FL	—	2,970	2,849	—		466		2,970	3,315	6,285	59	2016	(A)
Palos Verdes Shores MH & Golf Community (2)	San Pedro, CA	D	—	21,815	—		383		—	22,198	22,198	386	2016	(A)
Park Place	Sebastian, FL	D	1,360	48,678	—		485		1,360	49,163	50,523	2,515	2015	(A)
Park Royale	Pinellas Park, FL	—	670	29,046	—		(10	)	670	29,036	29,706	1,514	2015	(A)
Parkside Village	Cheektowaga, NY	B	550	10,402	—		252		550	10,654	11,204	907	2014	(A)
Pebble Creek	Greenwood, IN	C	1,030	5,074	—		6,488		1,030	11,562	12,592	5,952	2000	(A&C)
Pecan Branch	Georgetown, TX	C	1,379	—	235		4,548		1,614	4,548	6,162	2,159	1999	(C)
Pecan Park RV Resort	Jacksonville, FL	—	2,000	5,000	—		126		2,000	5,126	7,126	91	2016	(A)
Pelican Bay	Micco, FL	A	470	10,543	—		627		470	11,170	11,640	612	2015	(A)
Pelican Bay Resort & Marina	Marathon, FL	—	4,760	4,742	—		520		4,760	5,262	10,022	104	2016	(A)
Pembroke Downs	Chino, CA	D	9,560	7,269	—		417		9,560	7,686	17,246	128	2016	(A)
Peter's Pond RV Resort	Sandwich, MA	C	4,700	22,840	—		3,526		4,700	26,366	31,066	4,024	2013	(A)
Petoskey RV Resort	Petoskey, MI	—	230	3,270	—		2		230	3,272	3,502	57	2016	(A)
Pheasant Ridge	Lancaster, PA	A	2,044	19,279	—		638		2,044	19,917	21,961	9,535	2002	(A)
Pickerel Park RV Resort & Campground	Napanee, ON (1)	—	900	2,125	(49	)	24		851	2,149	3,000	36	2016	(A)
Pin Oak Parc	O'Fallon, MO	B	1,038	3,250	467		12,707		1,505	15,957	17,462	7,108	1994	(A&C)
Pine Hills	Middlebury, IN	A	72	544	60		3,514		132	4,058	4,190	2,221	1980	(A)
Pine Ridge	Prince George, VA	B	405	2,397	—		4,401		405	6,798	7,203	3,665	1986	(A)
Pine Trace	Houston, TX (3)	C	2,907	17,169	(257	)	20,174		2,650	37,343	39,993	10,239	2004	(A&C)
Pinebrook Village	Grand Rapids, MI	C	130	5,692	—		1,745		130	7,437	7,567	1,600	2011	(A)
Plantation Landings	Haines City, FL	D	3,070	30,973	—		564		3,070	31,537	34,607	1,624	2015	(A)
Pleasant Lake RV Resort	Bradenton, FL	E	5,220	20,403	—		946		5,220	21,349	26,569	368	2016	(A)
Presidential Estates Mobile Village	Hudsonville, MI	B	680	6,314	—		6,554		680	12,868	13,548	7,015	1996	(A)
Rainbow RV Resort	Frostproof, FL	A	1,890	5,682	—		3,964		1,890	9,646	11,536	1,515	2012	(A)
Rainbow Village of Largo	Largo, FL	E	4,420	12,529	—		1,138		4,420	13,667	18,087	239	2016	(A)
Rainbow Village of Zepyrhills	Zephyrhills. FL	—	1,800	9,884	—		725		1,800	10,609	12,409	183	2016	(A)

			Initial Cost to Company		Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at December 31, 2016
Property Name	Location	Encumbrance	Land	Depreciable  Assets	Land		Depreciable Assets		Land	Depreciable  Assets	Total	Accumulated Depreciation	Date	Acquired (A) or Constructed (C)
Rancho Alipaz (2)	San Juan Capistrano, CA	—	—	2,856	—		597		—	3,453	3,453	60	2016	(A)
Rancho Caballero	Riverside, CA	D	16,560	12,446	—		611		16,560	13,057	29,617	227	2016	(A)
Rancho Mirage	Apache Junction, AZ	B	7,510	22,238	—		949		7,510	23,187	30,697	1,972	2014	(A)
Red Oaks RV Resort (2)	Bushnell, FL	—	5,180	20,499	—		1,274		5,180	21,773	26,953	386	2016	(A)
Regency Heights	Clearwater, FL	—	11,330	15,734	—		372		11,330	16,106	27,436	273	2016	(A)
Reserve at Fox Creek	Bullhead City, AZ	D	1,950	20,074	—		893		1,950	20,967	22,917	1,781	2014	(A)
Richmond Place	Richmond, MI (3)	A	501	2,040	(31	)	2,435		470	4,475	4,945	2,162	1998	(A)
The Ridge	Davenport, FL	B	8,350	35,463	—		1,109		8,350	36,572	44,922	1,875	2015	(A)
Riptide RV Resort & Marina	Key Largo, FL	—	2,440	991	—		529		2,440	1,520	3,960	30	2016	(A)
River Haven Village	Grand Haven, MI	C	1,800	16,967	—		9,322		1,800	26,289	28,089	11,497	2001	(A)
River Ranch	Austin, TX (3)	C	4,690	843	(4	)	44,800		4,686	45,643	50,329	8,475	2000	(A&C)
River Ridge	Austin, TX	A	3,201	15,090	—		10,029		3,201	25,119	28,320	10,348	2002	(C)
Riverside Club	Ruskin, FL	D	1,600	66,207	—		2,514		1,600	68,721	70,321	3,510	2015	(A)
Rock Crusher Canyon RV Park	Crystal River, FL	—	420	5,542	—		2,200		420	7,742	8,162	442	2015	(A)
Roxbury Park	Goshen, IN	B	1,057	9,870	—		4,014		1,057	13,884	14,941	6,487	2001	(A)
Royal Country	Miami, FL	E	2,290	20,758	—		2,188		2,290	22,946	25,236	16,482	1994	(A)
Royal Palm Village	Haines City, FL	E	1,730	27,446	—		1,225		1,730	28,671	30,401	1,465	2015	(A)
Royal Palms MH & RV Resort (2)	Cathedral City, CA	—	—	22,696	—		(631	)	—	22,065	22,065	395	2016	(A)
Rudgate Clinton	Clinton Township, MI	A	1,090	23,664	—		6,125		1,090	29,789	30,879	5,120	2012	(A)
Rudgate Manor	Sterling Heights, MI	A	1,440	31,110	—		9,311		1,440	40,421	41,861	6,814	2012	(A)
Saco/Old Orchard Beach KOA	Saco, ME	C	790	3,576	—		2,518		790	6,094	6,884	756	2014	(A)
Saddle Oak Club	Ocala, FL	B	730	6,743	—		1,301		730	8,044	8,774	5,516	1995	(A)
Saddlebrook	San Marcos, TX	C	1,703	11,843	—		19,813		1,703	31,656	33,359	9,341	2002	(C)
Saint Clair Place	St. Clair, MI	A	501	2,029	—		1,962		501	3,991	4,492	1,988	1998	(A)
San Pedro RV Resort & Marina	Islamorada, FL	—	3,110	2,416	—		505		3,110	2,921	6,031	53	2016	(A)
Sandy Lake MH & RV Resort	Carrolton, TX	—	730	17,837	—		635		730	18,472	19,202	319	2016	(A)
Saralake Estates	Sarasota, FL	—	6,540	11,403	—		599		6,540	12,002	18,542	212	2016	(A)
Savanna Club	Port St. Lucie, FL	D	12,810	79,887	—		29		12,810	79,916	92,726	4,136	2015	(A)
Scio Farms Estates	Ann Arbor, MI (3)	B	2,300	22,659	(12	)	14,542		2,288	37,201	39,489	22,637	1995	(A&C)

			Initial Cost to Company		Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at December 31, 2016
Property Name	Location	Encumbrance	Land	Depreciable  Assets	Land		Depreciable Assets		Land	Depreciable  Assets	Total	Accumulated Depreciation	Date	Acquired (A) or Constructed (C)
Sea Air Village	Rehoboth Beach, DE	—	1,207	10,179	—		2,190		1,207	12,369	13,576	5,775	1997	(A)
Sea Breeze Resort	Islamorada, FL	—	7,390	4,616	—		473		7,390	5,089	12,479	93	2016	(A)
Seaport RV Resort	Old Mystic, CT	C	120	290	—		2,358		120	2,648	2,768	652	2013	(A)
Seashore Campsites RV Park and Campground	Cape May, NJ	D	1,030	23,228	—		2,296		1,030	25,524	26,554	2,416	2014	(A)
Serendipity	North Fort Myers, FL	B	1,160	23,522	—		2,157		1,160	25,679	26,839	1,359	2015	(A)
Settlers Rest RV Resort	Zephyrhills, FL	—	1,760	7,685	—		744		1,760	8,429	10,189	143	2016	(A)
Shadow Wood Village	Hudson, FL	—	4,520	3,898	—		398		4,520	4,296	8,816	73	2016	(A)
Shady Pines MH & RV Resort	Galloway Township, NJ	—	1,060	3,768	—		453		1,060	4,221	5,281	74	2016	(A)
Shady Road Villas	Ocala, FL	—	450	2,819	—		434		450	3,253	3,703	54	2016	(A)
Sheffield Estates	Auburn Hills, MI	C	778	7,165	—		2,018		778	9,183	9,961	3,458	2006	(A)
Shell Creek RV Resort & Marina	Punta Gorda, FL	E	2,200	9,662	—		534		2,200	10,196	12,396	175	2016	(A)
Sherkston Shores Beach Resort & Campground	Sherkston, ON (1)	—	22,750	97,164	(1,247	)	(6,232	)	21,503	90,932	112,435	1,658	2016	(A)
Siesta Bay RV Park	Ft. Myers, FL	A	2,051	18,549	—		4,444		2,051	22,993	25,044	13,717	1996	(A)
Silver Birches RV Resort & Campground	Lambton Shores, ON(1)	—	880	1,540	(48	)	62		832	1,602	2,434	28	2016	(A)
Silver Springs	Clinton Township, MI	B	861	16,595	—		4,108		861	20,703	21,564	3,768	2012	(A)
Sky Harbor	Cheektowaga, NY	A	2,318	24,253	—		2,693		2,318	26,946	29,264	2,214	2014	(A)
Skyline	Fort Collins, CO	E	2,260	12,120	—		644		2,260	12,764	15,024	1,107	2014	(A)
Southern Charm RV Resort	Zephyrhills, FL	E	4,940	17,366	—		899		4,940	18,265	23,205	321	2016	(A)
Southern Hills/Northridge Place	Stewartville, MN	E	360	12,723	—		6,531		360	19,254	19,614	1,494	2014	(A&C)
Southern Pines	Bradenton, FL	—	1,710	3,337	—		464		1,710	3,801	5,511	67	2016	(A)
Southfork	Belton, MO	A	1,000	9,011	—		7,078		1,000	16,089	17,089	7,710	1997	(A)
Southport Springs	Zephyrhills, FL	B	15,060	17,229	—		1,165		15,060	18,394	33,454	969	2015	(A)
Southwood Village	Grand Rapids, MI	—	300	11,517	—		1,849		300	13,366	13,666	2,660	2011	(A)
Spanish Main MH & RV Resort	Thonotasassa, FL	—	2,390	8,159	—		756		2,390	8,915	11,305	157	2016	(A)
Stonebridge	San Antonio, TX (3)	C	2,515	2,096	(615	)	7,323		1,900	9,419	11,319	4,711	2000	(A&C)
Stonebridge	Richfield Twp., MI	—	2,044	—	243		2,105		2,287	2,105	4,392	—	1998	(C)
Stonebrook	Homosassa, FL	B	650	14,063	—		431		650	14,494	15,144	738	2015	(A)
Summit Ridge	Converse, TX (3)	C	2,615	2,092	(883	)	22,626		1,732	24,718	26,450	7,032	2000	(A&C)

			Initial Cost to Company		Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at December 31, 2016
Property Name	Location	Encumbrance	Land	Depreciable  Assets	Land		Depreciable Assets		Land	Depreciable  Assets	Total	Accumulated Depreciation	Date	Acquired (A) or Constructed (C)
Sun-N-Fun RV Resort	Sarasota, FL	D	50,530	117,952	—		389		50,530	118,341	168,871	2,311	2016	(A)
Sun Valley	Apache Junction, AZ	—	2,750	18,408	—		777		2,750	19,185	21,935	1,625	2014	(A)
Sun Villa Estates	Reno, NV (3)	B	2,385	11,773	(1,103	)	1,368		1,282	13,141	14,423	7,627	1998	(A)
Suncoast Gateway	Port Richey, FL	—	4,850	5,707	—		441		4,850	6,148	10,998	107	2016	(A)
Sundance	Zephyrhills, FL	B	890	25,306	—		658		890	25,964	26,854	1,334	2015	(A)
Sunlake Estates	Grand Island, FL	D	6,290	24,084	—		753		6,290	24,837	31,127	1,290	2015	(A)
Sunset Beach RV Resort	Cape Charles, VA	—	3,800	24,030	—		453		3,800	24,483	28,283	423	2016	(A)
Sunset Harbor at Cow Key Marina	Key West, FL	—	8,570	7,636	—		438		8,570	8,074	16,644	133	2016	(A)
Sunset Ridge	Portland, MI (3)	C	2,044	—	(9	)	17,180		2,035	17,180	19,215	7,677	1998	(C)
Sunset Ridge	Kyle, TX	C	2,190	2,775	—		6,479		2,190	9,254	11,444	4,598	2000	(A&C)
Swan Meadow Village	Dillon, CO	E	2,140	19,734	—		269		2,140	20,003	22,143	1,998	2014	(A)
Sweetwater RV Resort	Zephyrhills, FL	E	1,340	9,113	—		790		1,340	9,903	11,243	174	2016	(A)
Sycamore Village	Mason, MI	—	390	13,341	—		3,425		390	16,766	17,156	3,646	2011	(A)
Tallowwood Isle	Coconut Creek, FL	—	13,370	20,256	—		406		13,370	20,662	34,032	354	2016	(A)
Tamarac Village	Ludington, MI	—	300	12,028	85		3,184		385	15,212	15,597	2,761	2011	(A)
Tampa East	Dover, FL	A	734	6,310	—		4,475		734	10,785	11,519	3,916	2005	(A)
Three Lakes	Hudson, FL	C	5,050	3,361	—		2,166		5,050	5,527	10,577	1,104	2012	(A)
Thunderhill Estates	Sturgeon Bay, WI	E	640	9,008	—		1,332		640	10,340	10,980	897	2014	(A)
Timber Ridge	Ft. Collins, CO	B	990	9,231	—		3,159		990	12,390	13,380	7,406	1996	(A)
Timberline Estates	Coopersville, MI	B	535	4,867	1		5,655		536	10,522	11,058	5,876	1994	(A)
Town & Country Mobile Village	Traverse City, MI	A	406	3,736	—		1,618		406	5,354	5,760	3,240	1996	(A)
Town & Country Village	Lisbon, ME	E	230	4,539	—		2,204		230	6,743	6,973	575	2014	(A)
Trailside RV Resort & Campground	Seguin, ON (1)	—	3,690	3,650	(202	)	(30	)	3,488	3,620	7,108	63	2016	(A)
Travelers World RV Resort	San Antonio, TX	—	790	7,952	—		903		790	8,855	9,645	157	2016	(A)
Treetops RV Resort	Arlington, TX	—	730	9,831	—		723		730	10,554	11,284	191	2016	(A)
Vallecito	Newbury Park, CA	D	25,340	9,273	—		420		25,340	9,693	35,033	165	2016	(A)
The Valley	Apopka, FL	—	2,530	5,660	—		499		2,530	6,159	8,689	104	2016	(A)
Verde Plaza	Tucson, AZ	—	710	7,069	—		493		710	7,562	8,272	129	2016	(A)
Victor Villa	Victorville, CA	D	2,510	20,408	—		703		2,510	21,111	23,621	357	2016	(A)
Vines RV Resort	Paso Robles, CA	C	890	7,110	—		1,386		890	8,496	9,386	1,040	2013	(A)
Vista del Lago	Scotts Valley, CA	D	17,830	9,456	—		555		17,830	10,011	27,841	109	2016	(A)

			Initial Cost to Company		Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at December 31, 2016
Property Name	Location	Encumbrance	Land	Depreciable  Assets	Land		Depreciable Assets		Land	Depreciable  Assets	Total	Accumulated Depreciation	Date	Acquired (A) or Constructed (C)
Vista del Lago MH & RV Resort	Bradenton, FL	E	3,630	5,329	—		529		3,630	5,858	9,488	105	2016	(A)
The Villas at Calla Pointe	Cheektowaga, NY	A	380	11,014	—		145		380	11,159	11,539	949	2014	(A)
Vizcaya Lakes	Port Charlotte, FL	C	670	4,221	—		149		670	4,370	5,040	219	2015	(A)
Wagon Wheel RV Resort & Campground	Old Orchard Beach, ME	C	590	7,703	—		2,980		590	10,683	11,273	1,717	2013	(A)
Walden Woods	Homosassa, FL	D/B	1,550	26,375	—		437		1,550	26,812	28,362	1,379	2015	(A)
Warren Dunes Village	Bridgman, MI	C	310	3,350	—		4,381		310	7,731	8,041	1,157	2011	(A&C)
Water Oak Country Club Estates	Lady Lake, FL	D	2,834	16,706	100		22,276		2,934	38,982	41,916	19,434	1993	(A&C)
Waters Edge RV Resort	Zephyhills, FL	E	1,180	5,450	—		734		1,180	6,184	7,364	106	2016	(A)
Waverly Shores Village	Holland, MI	B	340	7,267	450		508		790	7,775	8,565	1,435	2011	(A)
West Village Estates	Romulus, MI	B	884	19,765	—		4,438		884	24,203	25,087	3,935	2012	(A)
Westbrook Senior Village	Toledo, OH	B	355	3,295	—		675		355	3,970	4,325	1,857	2001	(A)
Westbrook Village	Toledo, OH	B	1,110	10,462	—		4,833		1,110	15,295	16,405	7,805	1999	(A)
Westside Ridge	Auburndale, FL	D	760	10,714	—		600		760	11,314	12,074	585	2015	(A)
Westward Ho RV Resort & Campground	Glenbeulah, WI	C	1,050	5,642	—		2,486		1,050	8,128	9,178	1,192	2013	(A)
White Lake Mobile Home Village	White Lake, MI	B	672	6,179	1		10,361		673	16,540	17,213	8,739	1997	(A&C)
Wild Acres RV Resort & Campground	Old Orchard Beach, ME	C	1,640	26,786	—		4,017		1,640	30,803	32,443	5,047	2013	(A)
Wildwood Community	Sandwich, IL	A	1,890	37,732	—		867		1,890	38,599	40,489	3,312	2014	(A)
Willow Lake RV Resort & Campground	Scotland, ON (1)	—	1,260	2,275	(69	)	(23	)	1,191	2,252	3,443	38	2016	(A)
Willowbrook Place	Toledo, OH	B	781	7,054	1		4,226		782	11,280	12,062	5,813	1997	(A)
Willowood RV Resort & Campground	Amherstberg, ON (1)	—	1,160	1,490	(64	)	78		1,096	1,568	2,664	28	2016	(A)
Windham Hills Estates	Jackson, MI	—	2,673	2,364	—		18,284		2,673	20,648	23,321	9,452	1998	(A&C)
Windmill Village	Davenport, FL	B	7,560	36,294	—		405		7,560	36,699	44,259	1,903	2015	(A)
Windsor Woods Village	Wayland, MI	C	270	5,835	—		3,612		270	9,447	9,717	2,224	2011	(A)
Wine Country RV Resort	Paso Robles, CA	C	1,740	11,510	—		3,266		1,740	14,776	16,516	1,350	2014	(A&C)
Woodhaven Place	Woodhaven, MI	B	501	4,541	—		5,455		501	9,996	10,497	4,514	1998	(A)
Woodlake Trails	San Antonio, TX (3)	C	1,186	287	(56	)	10,749		1,130	11,036	12,166	3,819	2000	(A&C)
Woodland Lake Trails RV Resort and Campground	Bornholm, ON (1)	—	1,650	2,165	(90	)	(71	)	1,560	2,094	3,654	36	2016	(A)

			Initial Cost to Company				Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at December 31, 2016
Property Name	Location	Encumbrance	Land		Depreciable  Assets		Land		Depreciable Assets		Land		Depreciable  Assets		Total		Accumulated Depreciation		Date	Acquired (A) or Constructed (C)
Woodland Park Estates	Eugene, OR	—	1,592		14,398		1		1,033		1,593		15,431		17,024		9,242		1998	(A)
Woodlands at Church Lake	Groveland, FL	B	2,480		9,072		—		693		2,480		9,765		12,245		516		2015	(A)
Woodside Terrace	Holland, OH	B	1,063		9,625		—		7,532		1,063		17,157		18,220		8,765		1997	(A)
			$	1,049,363	$	4,198,231	$	2,173	$	1,246,572	$	1,051,536	$	5,444,803	$	6,496,339	$	1,026,858

A These communities collateralize $491.0 million of secured debt.

B These communities collateralize $1.0 billion of secured debt.

C These communities support the borrowing base for our secured line of credit, which had $97.5 million outstanding.

D These communities collateralize $888.2 million of secured debt.

E These communities collateralize $394.5 million of secured debt.

⁽¹⁾ Gross amount carried at December 31, 2016, at our Canadian properties, reflects the impact of foreign currency translation.

⁽²⁾ All or part of this property is subject to ground lease.

⁽³⁾ Gross amount carried at December 31, 2016 for Land has decreased at this property due to a partial sale.

The change in investment property for the years ended December 31, 2016, 2015, and 2014 is as follows:

	Years Ended December 31,
	2016			2015			2014
Beginning balance	$	4,573,522		$	3,363,917		$	2,489,119
Community and land acquisitions, including immediate improvements	1,822,564			1,214,482			798,827
Community expansion and development	47,958			28,660			22,195
Improvements, other	113,803			195,439			173,989
Asset impairment	—			—			(1,870		)
Dispositions and other	(61,508		)	(228,976		)	(118,343		)
Ending balance	$	6,496,339		$	4,573,522		$	3,363,917

The change in accumulated depreciation for the years ended December 31, 2016, 2015, and 2014 is as follows:

	Years Ended December 31,
	2016			2015			2014
Beginning balance	$	852,407		$	795,753		$	734,067
Depreciation for the period	201,157			159,706			121,103
Asset impairment	—			—			(1,033		)
Dispositions and other	(26,706		)	(103,052		)	(58,384		)
Ending balance	$	1,026,858		$	852,407		$	795,753