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v3.22.1

Borrowing Arrangements - Narratives (Details) |  | 3 Months Ended |  |
--- | --- | --- | --- | ---
Apr. 18, 2022 USD ($) commmunity | Mar. 31, 2022 USD ($) commmunity property | Apr. 26, 2022 USD ($) | Dec. 31, 2021 USD ($) property
Debt Instrument |  |  |  |
Weighted average interest rate (in percentage) |  | 3.80% |  |
Number of pledged properties | property |  | 114 |  | 117
Pledged assets, not separately reported |  | $ 2,811,000,000 |  | $ 2,817,500,000
Unsecured line of credit |  | 69,000,000 |  | 349,000,000
Senior Unsecured Term Loan | Line of Credit |  |  |  |
Debt Instrument |  |  |  |
Line of credit facility, maximum borrowing capacity |  | $ 200,000,000 |  |
Minimum | Senior Unsecured Term Loan | Line of Credit | SOFR |  |  |  |
Debt Instrument |  |  |  |
Debt instrument, variable rate (percent) |  | 1.30% |  |
Maximum | Senior Unsecured Term Loan | Line of Credit | SOFR |  |  |  |
Debt Instrument |  |  |  |
Debt instrument, variable rate (percent) |  | 1.80% |  |
Secured Debt | Minimum |  |  |  |
Debt Instrument |  |  |  |
Stated interest rate (in percentage) |  | 2.40% |  |
Secured Debt | Maximum |  |  |  |
Debt Instrument |  |  |  |
Stated interest rate (in percentage) |  | 8.90% |  |
Mortgage | Prepaid Loans |  |  |  |
Debt Instrument |  |  |  |
Weighted average interest rate (in percentage) |  | 5.25% |  |
Repayments of debt |  | $ 14,200,000 |  |
Number of loans | property |  | 2 |  |
Payments of debt extinguishment costs |  | $ 500,000 |  |
Mortgage | Prepaid Loans | R V Resort |  |  |  |
Debt Instrument |  |  |  |
Number of pledged properties | commmunity |  | 3 |  |
Line of Credit | Revolving Credit Facility |  |  |  |
Debt Instrument |  |  |  |
Unsecured line of credit |  | $ 69,000,000 |  | $ 349,000,000
Line of credit, remaining borrowing amount |  | $ 431,000,000 |  |
Line of Credit | Revolving Credit Facility | Subsequent Event |  |  |  |
Debt Instrument |  |  |  |
Unsecured line of credit |  |  | $ 0 |
Line of Credit | Prepaid Loans | Subsequent Event |  |  |  |
Debt Instrument |  |  |  |
Stated interest rate (in percentage) | 3.36% |  |  |
Proceeds from loans | $ 200,000,000 |  |  |
Line of Credit | Prepaid Loans | M H Resorts | Subsequent Event |  |  |  |
Debt Instrument |  |  |  |
Number of pledged properties | commmunity | 1 |  |  |

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- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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- Definition Amount of cash outflow for cost from early extinguishment and prepayment of debt. Includes, but is not limited to, third-party cost, premium paid, and other fee paid to lender directly for debt extinguishment or debt prepayment. Excludes accrued interest. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3291-108585 + Details
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