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Reportable Segments - Consolidated Net Income (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Segment Reporting Information |  |  |
Depreciation and amortization | $ (202,362) | $ (188,444) | $ (155,131)
Loss on sale of real estate, net | 0 | (59) | 0
Reconciliation to consolidated net income: |  |  |
Income from other investments, net | 8,553 | 4,555 | 4,026
General and administrative | (44,857) | (39,576) | (39,276)
Other expenses | (8,646) | (4,241) | (2,567)
Interest and related amortization | (116,562) | (108,718) | (102,771)
Equity in income of unconsolidated joint ventures | 3,363 | 3,881 | 5,399
Early debt retirement | (1,156) | (2,784) | (10,786)
Consolidated net income | 298,825 | 276,000 | 241,416
Total assets | 5,492,519 | 5,307,871 | 4,418,969
Capital improvements (1) | 249,277 | 204,265 | 167,957
Property Operations |  |  |
Reconciliation to consolidated net income: |  |  |
Total assets | 5,228,575 | 5,056,991 | 4,160,216
Capital improvements (1) | 227,172 | 193,895 | 157,467
Home Sales and Rentals Operations |  |  |
Reconciliation to consolidated net income: |  |  |
Total assets | 263,944 | 250,880 | 258,753
Capital improvements (1) | 22,105 | 10,370 | 10,490
Operating Segments |  |  |
Segment Reporting Information |  |  |
Operations revenues | 1,431,097 | 1,304,832 | 1,107,623
Operations expenses | (778,035) | (700,462) | (572,255)
Income from segment operations | 653,062 | 604,370 | 535,368
Interest income | 7,423 | 6,986 | 7,139
Depreciation and amortization | (202,362) | (188,444) | (155,131)
Loss on sale of real estate, net |  | (59) |
Income (loss) from operations | 458,123 | 422,853 | 387,376
Operating Segments | Property Operations |  |  |
Segment Reporting Information |  |  |
Operations revenues | 1,291,467 | 1,187,535 | 1,044,098
Operations expenses | (656,839) | (594,503) | (515,002)
Income from segment operations | 634,628 | 593,032 | 529,096
Interest income | 5,722 | 5,068 | 4,385
Depreciation and amortization | (192,302) | (177,897) | (144,235)
Loss on sale of real estate, net |  | (59) |
Income (loss) from operations | 448,048 | 420,144 | 389,246
Operating Segments | Home Sales and Rentals Operations |  |  |
Segment Reporting Information |  |  |
Operations revenues | 139,630 | 117,297 | 63,525
Operations expenses | (121,196) | (105,959) | (57,253)
Income from segment operations | 18,434 | 11,338 | 6,272
Interest income | 1,701 | 1,918 | 2,754
Depreciation and amortization | (10,060) | (10,547) | (10,896)
Loss on sale of real estate, net |  | 0 |
Income (loss) from operations | 10,075 | 2,709 | (1,870)
Segment Reconciling Items |  |  |
Reconciliation to consolidated net income: |  |  |
Corporate interest income | 7 | 30 | 15
Income from other investments, net | 8,553 | 4,555 | 4,026
General and administrative | (44,857) | (39,576) | (39,276)
Other expenses | (8,646) | (4,241) | (2,567)
Interest and related amortization | (116,562) | (108,718) | (102,771)
Equity in income of unconsolidated joint ventures | 3,363 | 3,881 | 5,399
Early debt retirement | $ (1,156) | $ (2,784) | $ (10,786)

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