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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities:    
Consolidated net income $ 68,639 $ 73,930
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Early debt retirement 16,922 0
Depreciation 56,989 55,790
Amortization of in-place leases 1,334 2,716
Amortization of loan costs 2,103 2,480
Debt premium amortization (2,094) (2,640)
Equity in income of unconsolidated joint ventures (1,724) (2,532)
Distributions of income from unconsolidated joint ventures 1,161 1,669
Amortization of stock-related compensation 3,960 2,431
Revenue recognized from right-to-use contract upfront payments (4,147) (4,029)
Commission expense recognized related to right-to-use contracts 1,696 1,318
Long term incentive plan compensation 657 950
Recovery of uncollectible rents receivable (344) (529)
Changes in assets and liabilities:    
Notes receivable activity, net (101) (1,152)
Deferred commission expense (3,067) (2,652)
Escrow deposits, goodwill and other assets 27,540 6,403
Accrued payroll and other operating expenses 18,475 10,799
Deferred revenue – upfront payments from right-to-use contracts 6,375 6,344
Deferred revenue – right-to-use annual payments 3,492 3,042
Rents received in advance and security deposits 12,080 7,073
Net cash provided by operating activities 209,946 161,411
Cash Flows From Investing Activities:    
Real estate acquisition (23,687) (44,226)
Tax-deferred exchange deposit 0 10,576
Investment in unconsolidated joint ventures (4,000) (2,485)
Distributions of capital from unconsolidated joint ventures 0 116
Repayments of notes receivable 5,366 9,879
Issuance of notes receivable (4,035) (4,592)
Capital improvements (42,259) (26,534)
Net cash used in investing activities (68,615) (57,266)
Cash Flows From Financing Activities:    
Proceeds from stock options and employee stock purchase plan 4,252 496
Distributions:    
Common Stockholders (58,862) (47,843)
Common OP Unitholders (5,057) (4,391)
Preferred Stockholders (4,613) (4,638)
Principal payments and mortgage debt payoff (437,279) (73,566)
New mortgage notes payable financing proceeds 395,323 54,000
Debt issuance and defeasance costs (23,541) (1,720)
Other (323) (99)
Net cash used in financing activities (130,100) (77,761)
Net increase in cash and cash equivalents 11,231 26,384
Cash, beginning of period 73,714 58,427
Cash, end of period 84,945 84,811
Supplemental Information:    
Cash paid during the period for interest 54,330 56,583
Capital improvements – used homes acquired by repossessions 443 648
Net repayments of notes receivable – used homes acquired by repossessions (443) (648)
Building and other depreciable property – reclassification of rental homes 14,046 9,640
Escrow deposits and other assets – reclassification of rental homes (14,046) (9,640)
Real estate acquisitions:    
Investment in real estate (23,900) (61,781)
Deferred financing costs, net 0 (180)
Rents and other customer payments received in advance and security deposits 204 1,817
Accrued payroll and other operating expenses 62 942
Escrow deposits and other assets (53) 412
Debt assumed and financed on acquisition 0 14,564
Real estate acquisition $ (23,687) $ (44,226)