Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

The table below sets forth our financial assets and liabilities that required disclosure of fair value on a recurring basis as of June 30, 2017. The table presents the carrying values and fair values of our financial instruments as of June 30, 2017 and December 31, 2016, that were measured using the valuation techniques described above (in thousands). The table excludes other financial instruments such as cash and cash equivalents, accounts receivable, and accounts payable as the carrying values associated with these instruments approximate fair value since their maturities are less than one year.



	June 30, 2017				December 31, 2016
Financial assets	Carrying Value		Fair Value		Carrying Value		Fair Value
Installment notes receivable on manufactured homes, net	$	82,792	$	82,792	$	59,320	$	59,320
Collateralized receivables, net	138,696		138,696		143,870		143,870
Financial liabilities
Debt (excluding secured borrowings)	$	2,878,722	$	2,849,648	$	2,865,470	$	2,820,680
Secured borrowings	139,496		139,496		144,477		144,477
Lines of credit	435		435		100,095		98,640
Other liabilities (contingent consideration)	10,966		10,966		10,011		10,011