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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Property, Plant and Equipment | Depreciation is computed on a straight-line basis based on the estimated useful lives of the associated real estate assets.
|  | Useful Lives (in years)
Land and Building Improvements |  | 10-30
Manufactured Homes |  | 10-25
Furniture, Fixture and Equipment |  | 5
In-place leases |  | Expected term
Above and below-market leases |  | Applicable lease term
Schedule of Allowance for Credit Loss | Our allowance for credit losses was as follows:
|  | December 31,
(amounts in thousands): |  | 2024 |  | 2023
Balance, beginning of year |  | $ | 19,475 |  |  | $ | 20,371 |
Provision for losses |  | 5,865 |  |  | 4,789 |
Write-offs |  | (1,764) |  |  | (5,685) |
Balance, end of year |  | $ | 23,576 |  |  | $ | 19,475 |
Schedule of Tax Treatment Of Dividends And Distributions Table | During the years ended December 31, 2024, 2023 and 2022, our tax treatment of common stock distributions was as follows (unaudited):
| 2024 |  | 2023 |  | 2022
Tax status of common stock distributions deemed paid during the year: |  |  |  |  |
Ordinary income | $ | 1.801 |  |  | $ | 1.649 |  |  | $ | 1.483 |
Long-term capital gains | — |  |  | 0.005 |  |  | — |
Non-dividend distributions | 0.109 |  |  | 0.141 |  |  | 0.152 |
Distributions declared per common stock outstanding | $ | 1.910 |  |  | $ | 1.795 |  |  | $ | 1.635 |

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- Definition This table represents the tax treatments of dividends paid to shareholders. Ordinary dividends are taxed as ordinary income while qualified dividends are taxed as capital gains. This table also includes the nontaxable portions (deferred until share sold) and long-term capital gains. + References No definition available. + Details
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- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
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