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Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES:      
Net income $ 31,471,000 $ 170,473,000 $ 33,196,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on disposition of assets (11,224,000) (5,051,000) (2,748,000)
Gain on disposition of properties, net 0 (125,376,000) (17,654,000)
Gain on acquisition of property (510,000) 0 0
Foreign currency exchange loss 5,005,000 0 0
Contingent liability remeasurement loss 181,000 0 0
Asset impairment charges 0 0 837,000
Share-based compensation 9,557,000 7,108,000 4,879,000
Depreciation and amortization 218,669,000 174,589,000 131,003,000
Deferred tax (benefit) expense (400,000) 1,000,000 0
Amortization of below market lease (6,570,000) (5,073,000) 0
Amortization of debt premium (10,693,000) (10,483,000) 0
Amortization of deferred financing costs 2,160,000 1,936,000 1,056,000
Amortization of ground lease intangibles 600,000 0 0
Income from affiliate transactions (500,000) (7,500,000) (1,200,000)
Change in notes receivable from financed sales of inventory homes, net of repayments (20,933,000) (9,270,000) (15,300,000)
Change in inventory, other assets and other receivables, net 28,118,000 (14,618,000) (11,144,000)
Change in other liabilities (6,238,000) 4,528,000 10,395,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 238,693,000 182,263,000 133,320,000
INVESTING ACTIVITIES:      
Investment in properties (223,429,000) (208,427,000) (177,866,000)
Acquisition of properties (1,487,593,000) (309,274,000) (426,591,000)
Payments for deposits on acquisitions 0 (2,260,000) (17,064,000)
Proceeds related to affiliate dividend distribution 500,000 7,500,000 1,200,000
Proceeds from disposition of land 0 0 221,000
Proceeds related to disposition of assets and depreciated homes, net 4,709,000 6,848,000 3,312,000
Proceeds related to the disposition of properties 88,696,000 94,522,000 59,706,000
Issuance of notes and other receivables (10,633,000) (1,755,000) 297,000
Payment for membership interest 0 (2,102,000) 0
Repayments of notes and other receivables 13,238,000 1,764,000 6,080,000
NET CASH USED FOR INVESTING ACTIVITIES (1,614,512,000) (413,184,000) (550,705,000)
FINANCING ACTIVITIES:      
Issuance and associated costs of common stock, OP units and preferred OP units, net 750,385,000 310,301,000 572,171,000
Net proceeds from stock option exercise 149,000 95,000 127,000
Distributions to stockholders, OP unit holders, and preferred OP unit holders (193,740,000) (162,491,000) (121,377,000)
Payment Of Preferred Stock Redemption Costs 0 (4,328,000) 0
Payments to retire preferred operating partnership units 0 0 (1,119,000)
Payments for Repurchase of Preferred Stock and Preference Stock 0 (121,445,000) 0
Borrowings on lines of credit 580,754,000 421,184,000 526,546,000
Payments on lines of credit (505,409,000) (401,978,000) (702,135,000)
Proceeds from issuance of other debt 964,252,000 377,041,000 323,241,000
Payments on other debt (231,912,000) (225,677,000) (95,269,000)
Proceeds received from return of prepaid deferred financing costs 0 6,852,000 2,384,000
Payments for deferred financing costs (25,509,000) (7,006,000) (8,478,000)
NET CASH PROVIDED BY (USED FOR) FOR FINANCING ACTIVITIES 1,338,970,000 192,548,000 496,091,000
Effect of Exchange Rate on Cash and Cash Equivalents (73,000) 0 0
Net change in cash and cash equivalents (36,922,000) (38,373,000) 78,706,000
Cash and cash equivalents, beginning of period 45,086,000 83,459,000 4,753,000
Cash and cash equivalents, end of period 8,164,000 45,086,000 83,459,000
SUPPLEMENTAL INFORMATION:      
Cash paid for interest 121,480,000 99,989,000 60,289,000
Cash paid for interest on mandatorily redeemable debt 3,152,000 3,222,000 3,225,000
Income Taxes Paid 452,000 310,000  
Cash paid for state income taxes     314,000
Noncash investing and financing activities:      
Unrealized gain on interest rate swaps 0 0 97,000
Reduction in secured borrowing balance 19,734,000 26,293,000 21,812,000
Change in distributions declared and outstanding 9,626,000 6,744,000 9,051,000
Conversion of Stock, Amount Converted 5,933,000 5,491,000 1,707,000
Conversion Of Series A Four Preferred Stock 11,503,000 6,900,000 0
Escrow Deposits Related to Property Sales 0 126,339,000 0
Settlement of membership interest 0 2,786,000 213,000
Noncash investing and financing activities at the date of acquisition:      
Acquisitions - Series A-3 preferred OP units issued 0 380,043,000 209,658,000
Acquisitions - Series A-4 Preferred OP units issued 0 1,000,000  
Acquisitions - Series A-4 Preferred Stock issued 0 175,613,000 18,852,000
Acquisitions - Common stock and OP units issued 225,000,000 278,955,000 13,610,000
Acquisitions - debt assumed     44,321,000
Stock issued during period, value, Series C preferred OP units 0 33,154,000 0
Acquisitions - other liabilities 0 0 4,221,000
Noncash or Part Noncash Acquisition, Contingent Consideration Liability $ 9,830,000 $ 0 $ 0