XML 58 R47.htm IDEA: XBRL DOCUMENT v3.23.2
Real Estate Acquisitions and Dispositions - Schedule of Purchase Price Allocation (Details) - USD ($)
$ in Millions
1 Months Ended 6 Months Ended 12 Months Ended
Jan. 10, 2023
Apr. 08, 2022
Jan. 31, 2023
Dec. 31, 2022
May 31, 2022
Jun. 30, 2023
Dec. 31, 2022
Business Acquisition [Line Items]              
Investment in property           $ 107.4  
Inventory of manufactured homes, boat parts and retail related items           0.1  
In-place leases, goodwill and other intangible assets           0.4  
Other assets, net       $ (801.5)   4.2 $ (801.5)
Total identifiable assets acquired net of liabilities assumed           112.1  
Cash and escrow           7.1  
Temporary and permanent equity           105.0  
Total consideration           112.1  
Investment in property       2,213.9     2,213.9
Inventory of manufactured homes, boat parts and retail related items       44.3     44.3
In-place leases, goodwill and other intangible assets       729.2     729.2
Total identifiable assets acquired net of liabilities assumed       2,185.9     2,185.9
Temporary and permanent equity             37.7
Total consideration             2,185.9
Cash and escrow             2,148.2
Secured Debt | Blue Water Loan              
Business Acquisition [Line Items]              
Long-term debt       12.9     12.9
Loan balance forgiven       7.9      
Jarrett Bay Boatworks              
Business Acquisition [Line Items]              
Other assets, net       1.0     1.0
Investment in property       21.3     21.3
Inventory of manufactured homes, boat parts and retail related items       1.4     1.4
In-place leases, goodwill and other intangible assets       47.5     47.5
Total identifiable assets acquired net of liabilities assumed       71.2     71.2
Cash and escrow             68.4
Temporary and permanent equity             2.8
Total consideration             71.2
Park Holidays              
Business Acquisition [Line Items]              
Other assets, net       (624.9)     (624.9)
Investment in property       1,254.7     1,254.7
Inventory of manufactured homes, boat parts and retail related items       29.5     29.5
In-place leases, goodwill and other intangible assets       574.5     574.5
Total identifiable assets acquired net of liabilities assumed       1,233.8     1,233.8
Cash and escrow             1,199.9
Temporary and permanent equity   $ 33.9         33.9
Total consideration             1,233.8
Amortization of acquired intangible assets             $ 70.2
Weighted average amortization period of acquired intangible assets             14 years 7 months 6 days
Park Leisure              
Business Acquisition [Line Items]              
Other assets, net       (110.1)     $ (110.1)
Investment in property       259.5     259.5
Inventory of manufactured homes, boat parts and retail related items       0.0     0.0
In-place leases, goodwill and other intangible assets       76.4     76.4
Total identifiable assets acquired net of liabilities assumed       225.8     225.8
Cash and escrow             225.8
Temporary and permanent equity             0.0
Total consideration             225.8
Montauk Yacht Club              
Business Acquisition [Line Items]              
Other assets, net       0.3     0.3
Investment in property       163.6     163.6
Inventory of manufactured homes, boat parts and retail related items       0.3     0.3
In-place leases, goodwill and other intangible assets       26.3     26.3
Total identifiable assets acquired net of liabilities assumed       190.5     190.5
Cash and escrow             190.5
Temporary and permanent equity             0.0
Total consideration             190.5
Fox Run              
Business Acquisition [Line Items]              
Investment in property           7.2  
Inventory of manufactured homes, boat parts and retail related items           0.0  
In-place leases, goodwill and other intangible assets           0.0  
Other assets, net           0.0  
Total identifiable assets acquired net of liabilities assumed           7.2  
Cash and escrow           2.8  
Temporary and permanent equity           4.4  
Total consideration           7.2  
Fox Run | Common OP units              
Business Acquisition [Line Items]              
Issuance of stock and units (in shares)     31,289        
Issuance of common stock and common OP units, net $ 4.4         4.4  
Savannah Yacht Center              
Business Acquisition [Line Items]              
Investment in property           100.2  
Inventory of manufactured homes, boat parts and retail related items           0.1  
In-place leases, goodwill and other intangible assets           0.4  
Other assets, net           4.2  
Total identifiable assets acquired net of liabilities assumed           104.9  
Cash and escrow           4.3  
Temporary and permanent equity           100.6  
Total consideration           $ 104.9  
Savannah Yacht Center | Series K preferred OP units              
Business Acquisition [Line Items]              
Issuance of stock and units (in shares)           1,000,000  
Issuance of common stock and common OP units, net           $ 100.6  
Harrison Yacht Yard              
Business Acquisition [Line Items]              
Investment in property       5.8     5.8
Inventory of manufactured homes, boat parts and retail related items       0.0     0.0
In-place leases, goodwill and other intangible assets       0.0     0.0
Other assets, net       0.0     0.0
Total identifiable assets acquired net of liabilities assumed       5.8     5.8
Cash and escrow             5.8
Temporary and permanent equity             0.0
Total consideration             5.8
Outer Banks              
Business Acquisition [Line Items]              
Investment in property       5.2     5.2
Inventory of manufactured homes, boat parts and retail related items       0.0     0.0
In-place leases, goodwill and other intangible assets       0.0     0.0
Other assets, net       0.4     0.4
Total identifiable assets acquired net of liabilities assumed       4.8     4.8
Cash and escrow             4.8
Temporary and permanent equity             0.0
Total consideration             4.8
Tower Marine              
Business Acquisition [Line Items]              
Investment in property       20.2     20.2
Inventory of manufactured homes, boat parts and retail related items       0.0     0.0
In-place leases, goodwill and other intangible assets       0.2     0.2
Other assets, net       2.1     2.1
Total identifiable assets acquired net of liabilities assumed       18.3     18.3
Cash and escrow             18.3
Temporary and permanent equity             0.0
Total consideration             18.3
Sandy Bay              
Business Acquisition [Line Items]              
Investment in property       247.9     247.9
Inventory of manufactured homes, boat parts and retail related items       9.4     9.4
In-place leases, goodwill and other intangible assets       2.1     2.1
Other assets, net       68.3     68.3
Total identifiable assets acquired net of liabilities assumed       191.1     191.1
Cash and escrow             191.1
Temporary and permanent equity             0.0
Total consideration             191.1
Christies Parks              
Business Acquisition [Line Items]              
Investment in property       10.1     10.1
Inventory of manufactured homes, boat parts and retail related items       0.0     0.0
In-place leases, goodwill and other intangible assets       0.0     0.0
Other assets, net       2.1     2.1
Total identifiable assets acquired net of liabilities assumed       12.2     12.2
Cash and escrow             12.2
Temporary and permanent equity             0.0
Total consideration             12.2
Bluewater              
Business Acquisition [Line Items]              
Investment in property       25.3     25.3
Inventory of manufactured homes, boat parts and retail related items       1.3     1.3
In-place leases, goodwill and other intangible assets       0.1     0.1
Other assets, net       1.3     1.3
Total identifiable assets acquired net of liabilities assumed       28.0     28.0
Cash and escrow             28.0
Temporary and permanent equity             0.0
Total consideration             28.0
Bodmin Holiday Park              
Business Acquisition [Line Items]              
Investment in property       13.1     13.1
Inventory of manufactured homes, boat parts and retail related items       0.0     0.0
In-place leases, goodwill and other intangible assets       0.0     0.0
Other assets, net       0.0     0.0
Total identifiable assets acquired net of liabilities assumed       13.1     13.1
Cash and escrow             13.1
Temporary and permanent equity             0.0
Total consideration             13.1
Kittery Point              
Business Acquisition [Line Items]              
Investment in property       8.0     8.0
Inventory of manufactured homes, boat parts and retail related items       0.1     0.1
In-place leases, goodwill and other intangible assets       0.0     0.0
Other assets, net       0.1     0.1
Total identifiable assets acquired net of liabilities assumed       8.0     8.0
Cash and escrow             7.0
Temporary and permanent equity         $ 1.0    
Total consideration             8.0
Kittery Point | Common OP units              
Business Acquisition [Line Items]              
Issuance of stock and units (in shares)         5,605    
Spanish Trails MHC              
Business Acquisition [Line Items]              
Investment in property       20.6     20.6
Inventory of manufactured homes, boat parts and retail related items       1.8     1.8
In-place leases, goodwill and other intangible assets       0.0     0.0
Other assets, net       0.0     0.0
Total identifiable assets acquired net of liabilities assumed       22.4     22.4
Cash and escrow             22.4
Temporary and permanent equity             0.0
Total consideration             22.4
Pine Acre Trails              
Business Acquisition [Line Items]              
Investment in property       29.7     29.7
Inventory of manufactured homes, boat parts and retail related items       0.0     0.0
In-place leases, goodwill and other intangible assets       0.0     0.0
Other assets, net       0.0     0.0
Total identifiable assets acquired net of liabilities assumed       29.7     29.7
Cash and escrow             29.7
Temporary and permanent equity             0.0
Total consideration             29.7
Bel Air Estates & Sunrise Estates              
Business Acquisition [Line Items]              
Investment in property       39.3     39.3
Inventory of manufactured homes, boat parts and retail related items       0.0     0.0
In-place leases, goodwill and other intangible assets       0.7     0.7
Other assets, net       0.0     0.0
Total identifiable assets acquired net of liabilities assumed       40.0     40.0
Cash and escrow             40.0
Temporary and permanent equity             0.0
Total consideration             40.0
Callaly Leisure              
Business Acquisition [Line Items]              
Investment in property       23.8     23.8
Inventory of manufactured homes, boat parts and retail related items       0.1     0.1
In-place leases, goodwill and other intangible assets       0.0     0.0
Other assets, net       0.3     0.3
Total identifiable assets acquired net of liabilities assumed       23.6     23.6
Cash and escrow             23.6
Temporary and permanent equity             0.0
Total consideration             23.6
Newhaven              
Business Acquisition [Line Items]              
Investment in property       6.2     6.2
Inventory of manufactured homes, boat parts and retail related items       0.0     0.0
In-place leases, goodwill and other intangible assets       0.0     0.0
Other assets, net       0.0     0.0
Total identifiable assets acquired net of liabilities assumed       6.2     6.2
Cash and escrow             6.2
Temporary and permanent equity             0.0
Total consideration             6.2
Bayfront Marina              
Business Acquisition [Line Items]              
Investment in property       11.3     11.3
Inventory of manufactured homes, boat parts and retail related items       0.0     0.0
In-place leases, goodwill and other intangible assets       0.9     0.9
Other assets, net       0.5     0.5
Total identifiable assets acquired net of liabilities assumed       11.7     11.7
Cash and escrow             11.7
Temporary and permanent equity             0.0
Total consideration             11.7
Marina Bay Yacht Harbor              
Business Acquisition [Line Items]              
Investment in property       16.2     16.2
Inventory of manufactured homes, boat parts and retail related items       0.0     0.0
In-place leases, goodwill and other intangible assets       0.2     0.2
Other assets, net       0.7     0.7
Total identifiable assets acquired net of liabilities assumed       15.7     15.7
Cash and escrow             15.7
Temporary and permanent equity             0.0
Total consideration             15.7
Jellystone Lincoln              
Business Acquisition [Line Items]              
Investment in property       17.0     17.0
Inventory of manufactured homes, boat parts and retail related items       0.0     0.0
In-place leases, goodwill and other intangible assets       0.0     0.0
Other assets, net       1.2     1.2
Total identifiable assets acquired net of liabilities assumed       18.2     18.2
Cash and escrow             18.2
Temporary and permanent equity             0.0
Total consideration       17.0     18.2
Cash consideration       5.0      
Acquisition price       3.7      
Vacation rental unit consideration       0.4      
Norway Commons              
Business Acquisition [Line Items]              
Investment in property       15.1     15.1
Inventory of manufactured homes, boat parts and retail related items       0.4     0.4
In-place leases, goodwill and other intangible assets       0.3     0.3
Other assets, net       0.0     0.0
Total identifiable assets acquired net of liabilities assumed       15.8     15.8
Cash and escrow             15.8
Temporary and permanent equity             0.0
Total consideration             15.8
Jarrett Bay Bluewater Yacht Sales              
Business Acquisition [Line Items]              
Investment in property       0.1     0.1
In-place leases, goodwill and other intangible assets       17.6     17.6
Other assets, net       $ 0.4     $ 0.4