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Reportable Segments (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
 
Year Ended December 31, 2015
 
Property
Operations
 
Home Sales
and  Rentals
Operations
 
Consolidated
Operations revenues
$
758,834

 
$
48,431

 
$
807,265

Operations expenses
(360,353
)
 
(42,637
)
 
(402,990
)
Income from segment operations
398,481

 
5,794

 
404,275

Interest income
2,813

 
4,119

 
6,932

Depreciation on real estate assets and rental homes
(102,747
)
 
(10,862
)
 
(113,609
)
Amortization of in-place leases
(2,358
)
 
—

 
(2,358
)
Income from operations
$
296,189

 
$
(949
)
 
295,240

Reconciliation to Consolidated net income
 
 
 
 
 
Corporate interest income
 
 
 
 
98

Income from other investments, net
 
 
 
 
7,359

General and administrative
 
 
 
 
(30,644
)
Other expenses, including property rights initiatives
 
 
 
 
(2,986
)
Early debt retirement
 
 
 
 
(16,913
)
Interest and related amortization
 
 
 
 
(105,731
)
Equity in income of unconsolidated joint ventures
 
 
 
 
4,089

Consolidated net income
 
 
 
 
$
150,512

 
 
 
 
 
 
Total assets
$
3,158,559

 
$
241,841

 
$
3,400,400

Capital improvements
$
51,369

 
$
42,430

 
$
93,799

The following tables summarize our segment financial information (amounts in thousands):
 
Year Ended December 31, 2017
 
Property
Operations
 
Home Sales
and Rentals
Operations
 
Consolidated
Operations revenues
$
859,582

 
$
52,355

 
$
911,937

Operations expenses
(411,465
)
 
(47,309
)
 
(458,774
)
Income from segment operations
448,117

 
5,046

 
453,163

Interest income
3,048

 
4,192

 
7,240

Depreciation on real estate assets and rental homes
(110,841
)
 
(10,614
)
 
(121,455
)
Amortization of in-place leases
(2,231
)
 
—

 
(2,231
)
Income (loss) from operations
$
338,093

 
$
(1,376
)
 
336,717

Reconciliation to Consolidated net income
 
 
 
 
 
Corporate interest income
 
 
 
 
340

Income from other investments, net
 
 
 
 
5,795

General and administrative
 
 
 
 
(31,737
)
Early debt retirement
 
 
 
 
(2,785
)
Other expenses, including property rights initiatives

 
 
 
 
(1,148
)
Interest and related amortization
 
 
 
 
(100,570
)
Equity in income of unconsolidated joint ventures
 
 
 
 
3,765

Consolidated net income
 
 
 
 
$
210,377

 
 
 
 
 
 
Total assets
$
3,386,084

 
$
223,948

 
$
3,610,032

Capital improvements
$
76,112

 
$
49,938

 
$
126,050

 
Year Ended December 31, 2016
 
Property
Operations
 
Home Sales
and  Rentals
Operations
 
Consolidated
Operations revenues
$
803,784

 
$
52,496

 
$
856,280

Operations expenses
(379,201
)
 
(47,914
)
 
(427,115
)
Income from segment operations
424,583

 
4,582

 
429,165

Interest income
2,894

 
3,888

 
6,782

Depreciation on real estate assets and rental homes
(106,560
)
 
(10,840
)
 
(117,400
)
Amortization of in-place leases
(3,373
)
 
—

 
(3,373
)
Income (loss) from operations
$
317,544

 
$
(2,370
)
 
315,174

Reconciliation to Consolidated net income
 
 
 
 
 
Corporate interest income
 
 
 
 
63

Income from other investments, net
 
 
 
 
7,310

General and administrative
 
 
 
 
(31,004
)
Other expenses, including property rights initiatives
 
 
 
 
(4,986
)
Interest and related amortization
 
 
 
 
(102,030
)
Equity in income of unconsolidated joint ventures
 
 
 
 
2,605

Consolidated net income
 
 
 
 
$
187,132

 
 
 
 
 
 
Total assets
$
3,250,205

 
$
228,782

 
$
3,478,987

Capital improvements
$
57,825

 
$
61,612

 
$
119,437
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table summarizes our financial information for the Property Operations segment for the years ended December 31, 2017, 2016, and 2015 (amounts in thousands): 

 
 
Years Ended December 31,
 
 
2017
 
2016
 
2015
Revenues:
 
 
 
 
 
 
Community base rental income
 
$
489,613

 
$
464,745

 
$
442,046

Resort base rental income
 
218,806

 
201,533

 
184,760

Right-to-use annual payments
 
45,798

 
45,035

 
44,443

Right-to-use contracts current period, gross
 
14,132

 
12,327

 
12,783

Right-to-use contract upfront payments, deferred, net
 
(4,108
)
 
(3,079
)
 
(4,231
)
Utility income and other
 
93,252

 
81,427

 
76,153

Ancillary services revenues, net
 
2,089

 
1,796

 
2,880

Total property operations revenues
 
859,582

 
803,784

 
758,834

Expenses:
 
 
 
 
 
 
Property operating and maintenance
 
294,119

 
268,249

 
254,668

Real estate taxes
 
55,010

 
53,036

 
50,962

Sales and marketing, gross
 
11,438

 
11,056

 
11,751

Right-to-use contract commissions, deferred, net
 
(354
)
 
(223
)
 
(1,556
)
Property management
 
51,252

 
47,083

 
44,528

Total property operations expenses
 
411,465

 
379,201

 
360,353

Income from property operations segment
 
$
448,117

 
$
424,583

 
$
398,481

The following table summarizes our financial information for the Home Sales and Rentals Operations segment, specific to continuing operations, for the years ended December 31, 2017, 2016 and 2015 (amounts in thousands): 
 
 
Years Ended December 31,
 
 
2017
 
2016
 
2015
Revenues:
 
 
 
 
 
 
Gross revenue from home sales
 
$
36,302

 
$
37,191

 
$
33,150

Brokered resale revenues, net
 
1,235

 
1,198

 
1,269

Rental home income (1)
 
14,344

 
14,107

 
14,012

Ancillary services revenues, net

 
474

 
—

 
—

Total revenues
 
52,355

 
52,496

 
48,431

Expenses:
 
 
 
 
 
 
Cost of home sales
 
36,513

 
37,456

 
32,279

Home selling expenses
 
4,186

 
3,575

 
3,191

Rental home operating and maintenance
 
6,610

 
6,883

 
7,167

Total expenses
 
47,309

 
47,914

 
42,637

Income from home sales and rentals operations segment
 
$
5,046

 
$
4,582

 
$
5,794

_________________________ 
(1)
Segment information does not include Site rental income included in Community base rental income.