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v3.19.3.a.u2

Borrowing Arrangements - Mortgage Note Payable and Activity (Details) $ in Thousands | 12 Months Ended |
--- | --- | ---
Dec. 31, 2019 USD ($) property | Dec. 31, 2018 USD ($) credit_facility loan property | Dec. 31, 2017 USD ($) loan property | Jan. 23, 2019 property
Debt Instrument |  |  |  |
Mortgage notes payable, net | $ 2,049,509 | $ 2,149,726 |  |
Weighted average interest rate (in percentage) | 4.50% | 4.70% |  |
Stated interest rate (in percentage) |  |  | 4.07% |
Number of pledged properties | property | 116 | 118 | 5 |
Pledged assets, not separately reported | $ 2,524,700 | $ 2,509,500 |  |
Mortgage premium transferred | $ 600 |  |  |
Repayments of debt |  | 196,800 | $ 227,500 |
Number of loans repaid | loan |  |  | 15 |
Payments of debt extinguishment costs |  | $ 1,900 | $ 2,700 |
Proceeds from loans |  |  | $ 146,000 |
Debt instrument, term (in years) |  |  | 20 years |
Number of loans | loan |  | 1 | 3 |
Number of loans repaid, at maturity | loan |  | 1 | 2 |
Prepayment penalty, weighted average interest rate (in percentage) |  | 6.29% | 5.93% |
Serendipity |  |  |  |
Debt Instrument |  |  |  |
Weighted average interest rate (in percentage) |  | 4.80% |  |
Pledged assets, not separately reported |  | $ 18,000 |  |
Proceeds from loans |  | 8,800 |  |
Debt assumed for the purchase of property |  | $ 9,200 |  |
Paradise Park- Largo |  |  |  |
Debt Instrument |  |  |  |
Stated interest rate (in percentage) |  |  | 4.60% |
Debt assumed for the purchase of property |  |  | $ 5,900 |
R V Resort |  |  |  |
Debt Instrument |  |  |  |
Number of pledged properties | property |  | 2 |  |
Number of pledged properties towards loans repaid (property) | property |  | 1 | 2 |
Manufactured homes |  |  |  |
Debt Instrument |  |  |  |
Number of loans repaid | loan |  | 16 |  |
Number of maturing mortgage loans repaid | loan |  | 15 | 13 |
Number of pledged properties towards loans repaid (property) | property |  | 15 | 13 |
Manufactured Homes in Indiana and Michigan | Disposed of by Sale, Not Discontinued Operations |  |  |  |
Debt Instrument |  |  |  |
Number of properties sold (property) | property |  |  |  | 5
Secured Debt |  |  |  |
Debt Instrument |  |  |  |
Stated interest rate (in percentage) |  | 4.80% |  |
Proceeds from loans |  | $ 64,000 |  |
Debt instrument, term (in years) |  | 20 years |  |
Mortgages | Prepaid Loans |  |  |  |
Debt Instrument |  |  |  |
Weighted average interest rate (in percentage) | 6.90% |  |  |
Repayments of debt | $ 66,800 |  |  |
Payments of debt extinguishment costs | $ 1,400 |  |  |
Mortgages | 2019 Asset Acquisitions |  |  |  |
Debt Instrument |  |  |  |
Weighted average interest rate (in percentage) | 5.40% |  |  |
Liabilities incurred | $ 18,600 |  |  |
Mortgage premium transferred | $ 600 |  |  |
Mortgages | Disposed of by Sale, Not Discontinued Operations |  |  |  |
Debt Instrument |  |  |  |
Weighted average interest rate (in percentage) | 5.00% |  |  |
Defeasance of debt | $ 11,200 |  |  |
Mortgages | Manufactured Homes in Indiana and Michigan | Disposed of by Sale, Not Discontinued Operations |  |  |  |
Debt Instrument |  |  |  |
Number of properties sold (property) | property | 5 |  |  |
Line of Credit |  |  |  |
Debt Instrument |  |  |  |
Weighted average interest rate (in percentage) |  | 4.20% |  |
Stated interest rate (in percentage) |  |  | 3.97% |
Number of credit facilities | credit_facility |  | 2 |  |
Proceeds from loans |  | $ 357,800 | $ 204,400 |
Debt instrument, term (in years) |  | 14 years 9 months 18 days | 20 years |
Minimum | Secured Debt |  |  |  |
Debt Instrument |  |  |  |
Stated interest rate (in percentage) | 3.50% |  |  |
Maximum | Secured Debt |  |  |  |
Debt Instrument |  |  |  |
Stated interest rate (in percentage) | 8.90% |  |  |

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