Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
ASSETS
Land	$ 1,066,792	$ 1,051,536
Land improvements and buildings	4,934,110	4,825,043
Rental homes and improvements	507,362	489,633
Furniture, fixtures and equipment	137,546	130,127
Investment property	6,645,810	6,496,339
Accumulated depreciation	(1,128,671)	(1,026,858)
Investment property, net (including $51,060 and $88,987 for consolidated variable interest entities at June 30, 2017 and December 31, 2016; see Note 6)	5,517,139	5,469,481
Cash and cash equivalents	241,646	8,164
Inventory of manufactured homes	25,582	21,632
Notes and other receivables, net	110,499	81,179
Collateralized receivables, net	138,696	143,870
Other assets, net (including $2,067 and $3,054 for consolidated variable interest entities at June 30, 2017 and December 31, 2016; see Note 6)	145,151	146,450
TOTAL ASSETS	6,178,713	5,870,776
LIABILITIES
Mortgage loans payable (including $42,375 and $62,111 for consolidated variable interest entities at June 30, 2017 and December 31, 2016; see Note 6)	2,832,819	2,819,567
Secured borrowings on collateralized receivables		144,477
Preferred OP units - mandatorily redeemable	45,903	45,903
Lines of credit		100,095
Distributions payable	56,283	51,896
Other liabilities (including $1,629 and $1,998 for consolidated variable interest entities at June 30, 2017 and December 31, 2016; see Note 6)	298,759	279,667
TOTAL LIABILITIES	3,373,695	3,441,605
Commitments and contingencies
STOCKHOLDERS' EQUITY
Series A preferred stock, $0.01 par value. Issued and outstanding: 3,400 shares at June 30, 2017 and December 31, 2016	34	34
Common stock, $0.01 par value. Authorized: 180,000 shares; Issued and outstanding: 78,987 shares at June 30, 2017 and 73,206 shares at December 31, 2016	790	732
Additional paid-in capital	3,780,599	3,321,441
Accumulated other comprehensive loss	(981)	(3,181)
Distributions in excess of accumulated earnings	(1,089,428)	(1,023,415)
Total Sun Communities, Inc. stockholders' equity	2,691,014	2,295,611
Noncontrolling interests:
Common and preferred OP units	67,135	69,598
Consolidated variable interest entities	3,404	(2,982)
Total noncontrolling interests	70,539	66,616
TOTAL STOCKHOLDERS’ EQUITY	2,761,553	2,362,227
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	6,178,713	5,870,776
Series A-4 Preferred Stock
LIABILITIES
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount	32,414	50,227
Series A-4 preferred OP units
LIABILITIES
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount	$ 11,051	$ 16,717