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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net Income $ 413,737 $ 147,451 $ 177,379
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on disposition of assets (49,322) (15,156) (11,085)
Gain on disposition of properties (108,104) (5,595) 0
(Gain) / loss on foreign currency translation 3,743 (7,666) (4,479)
Remeasurement Of Marketable Securities (33,457) (6,129) (34,240)
Loss on remeasurement of contingent liabilities 11,031 2,962 1,503
Share-based compensation 27,988 23,045 17,482
Depreciation and amortization 511,738 371,878 313,966
Deferred Income Tax Expense (Benefit) (91) 1,565 222
Amortization of below market leases (7,844) (7,347) (7,442)
Amortization of debt premium (844) (1,467) (4,962)
Amortization of deferred financing costs 4,924 3,090 2,988
Amortization of ground lease intangibles 752 752 752
Gain (Loss) on Extinguishment of Debt 8,127 5,209 16,505
Gain (Loss) On Remeasurement Of Note Receivable (685) 3,275 0
Gain (Loss) On Remeasurement Of Investment In Nonconsolidated Entities 160 1,608 0
Payments of Distributions to Affiliates (3,992) (1,740) (1,374)
Distributions of income from nonconsolidated affiliates 6,246 4,088 3,049
Increase (Decrease) in Notes Receivables (1,217) (176) 2,988
Change in inventory, other assets and other receivables, net (75,950) 5,200 (44,322)
Change in other liabilities 46,450 21,578 48,248
Net Cash Provided By Operating Activities 753,572 543,295 476,734
Investing Activities      
Investment in properties (672,571) (538,523) (569,261)
Acquisitions of properties, net of cash acquired (1,648,690) (1,946,015) (472,681)
Proceeds from disposition of assets and depreciated homes, net 113,762 55,395 61,337
Proceeds from Real Estate and Real Estate Joint Ventures 162,077 12,612 0
Issuance of notes and other receivables (242,609) (45,650) (18,122)
Repayments of notes and other receivables 5,325 12,173 4,542
Investments in marketable securities (35,524) (11,757) (8,995)
Investments in nonconsolidated affiliates (36,889) (35,484) (51,747)
Distributions of capital from nonconsolidated affiliates 16,870 10,732 44,470
Net Cash Used For Investing Activities (2,338,249) (2,486,517) (1,010,457)
Financing Activities      
Issuance of common stock, OP units and preferred OP units, net 1,057,481 1,850,611 440,782
Proceeds from Noncontrolling Interests 2,529 0 0
Borrowings on lines of credit 3,762,059 1,585,904 3,881,543
Payments on lines of credit (3,960,940) (1,361,538) (3,883,950)
Proceeds from issuance of debt 1,202,539 491,784 923,721
Payments on debt (76,760) (230,330) (552,868)
Fees paid in connection with extinguishment of debt (195) (6,226) (18,838)
Distributions to stockholders, OP unit holders, and preferred OP unit holders (390,814) (313,137) (276,697)
Payments for deferred financing costs (15,678) (14,224) (6,756)
Payment for Contingent Consideration Liability, Financing Activities (9,830) 0 0
Net Cash Provided By Financing Activities 1,570,391 2,000,844 505,880
Effect of exchange rate changes on cash, cash equivalents and restricted cash (157) 189 411
Net change in cash, cash equivalents and restricted cash (14,443) 57,811 (27,432)
Cash, cash equivalents and restricted cash, beginning of period 92,641 34,830 62,262
Cash, Cash Equivalents and Restricted Cash, End of Period 78,198 92,641 34,830
Supplemental Information      
Interest Paid, Excluding Capitalized Interest, Operating Activities 147,003 135,986 134,990
Cash paid for interest on mandatorily redeemable debt 4,171 4,177 4,698
Cash paid for income taxes 1,270 1,115 948
Noncash investing and financing activities      
Reduction in secured borrowing balance 0 0 107,731
Change in distributions declared and outstanding 11,198 15,280 8,452
Conversion of common and preferred OP units 2,918 1,022 11,310
Increase (Decrease) in Assets Held-for-sale 705 32,145 0
Conversion of Series A-4 preferred stock 0 0 31,739
Release of note receivable and accrued interest 7,270 0 0
Noncash investing and financing activities at the date of acquisition      
Acquisitions - Common stock and OP units issued 3,643 37,565 313,392
Acquisitions - Debt 0 837,800 61,900
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Holdback 9,386 0 0
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Deferred Liability 4,317 9,000 0
Series B-3 Preferred OP Units      
Financing Activities      
Redemption of Series B-3 preferred OP units 0 0 (2,675)
Series A Preferred Stock      
Financing Activities      
Proceeds received from return of prepaid deferred financing costs 0 0 1,618
Series F Preferred OP Units      
Noncash investing and financing activities at the date of acquisition      
Acquisitions - Series D preferred interest 0 9,000 0
Temporary Equity, Stock Issued During Period, Value, New Issues   8,966  
Series G Preferred OP Units      
Noncash investing and financing activities at the date of acquisition      
Temporary Equity, Stock Issued During Period, Value, New Issues 0 27,261 0
Series H Preferred OP Units      
Noncash investing and financing activities at the date of acquisition      
Temporary Equity, Stock Issued During Period, Value, New Issues 0 58,113 0
Series I Preferred OP Units      
Noncash investing and financing activities at the date of acquisition      
Temporary Equity, Stock Issued During Period, Value, New Issues 0 94,540 0
Escrow      
Noncash investing and financing activities at the date of acquisition      
Acquisitions - Escrow 0 0 392
Series J Preferred OP Units      
Noncash investing and financing activities at the date of acquisition      
Temporary Equity, Stock Issued During Period, Value, New Issues 24,000 0 0
Series G Preferred Stock      
Financing Activities      
Redemption of Series B-3 preferred OP units 0 (2,000) 0
Series D Preferred Stock      
Noncash investing and financing activities at the date of acquisition      
Acquisitions - Series D preferred interest 0 0 51,930
Series E Preferred OP Units      
Noncash investing and financing activities at the date of acquisition      
Acquisitions - Series D preferred interest $ 0 $ 9,000 $ 0