Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure

					Initial Cost to ELS				Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at 12/31/23
Real Estate (1)	Location		Encumbrances		Land		Depreciable Property		Land		Depreciable Property		Land		Depreciable Property		Total (3)		Accumulated Depreciation		Date of Acquisition
Properties Held for Long Term
Hidden Cove	Arley	AL	$	—	$	212	$	610	$	—	$	2,136	$	212	$	2,746	$	2,958	$	(720)	2006
Apache East	Apache Junction	AZ	(4,558)		2,236		4,181		—		281		2,236		4,462		6,698		(2,011)		2011
Countryside RV	Apache Junction	AZ	(7,417)		2,056		6,241		—		1,908		2,056		8,149		10,205		(5,433)		2002
Denali Park	Apache Junction	AZ	—		2,394		4,016		—		728		2,394		4,744		7,138		(1,959)		2011
Dolce Vita	Apache Junction	AZ	(41,749)		52,803		37,245		—		7,879		52,803		45,124		97,927		(8,001)		2020
Golden Sun RV	Apache Junction	AZ	(5,268)		1,678		5,049		—		1,856		1,678		6,905		8,583		(4,029)		2002
Meridian RV Resort	Apache Junction	AZ	—		6,445		5,292		—		657		6,445		5,949		12,394		(1,360)		2020
Valley Vista	Benson	AZ	—		115		429		—		433		115		862		977		(313)		2010
Casita Verde	Casa Grande	AZ	—		719		2,179		—		477		719		2,656		3,375		(1,401)		2006
Fiesta Grande	Casa Grande	AZ	—		2,869		8,653		—		2,092		2,869		10,745		13,614		(5,642)		2006
Foothills West	Casa Grande	AZ	—		747		2,261		—		820		747		3,081		3,828		(1,633)		2006
Sunshine Valley	Chandler	AZ	(28,209)		9,139		12,912		—		1,121		9,139		14,033		23,172		(6,062)		2011
Verde Valley	Cottonwood	AZ	—		1,437		3,390		19		8,121		1,456		11,511		12,967		(4,040)		2004
Casa del Sol East II	Glendale	AZ	—		2,103		6,283		—		4,082		2,103		10,365		12,468		(6,328)		1996
Casa del Sol East III	Glendale	AZ	—		2,450		7,452		—		1,738		2,450		9,190		11,640		(7,029)		1998
Palm Shadows	Glendale	AZ	—		1,400		4,218		—		2,190		1,400		6,408		7,808		(5,279)		1993
Hacienda De Valencia	Mesa	AZ	(17,088)		833		2,701		—		6,062		833		8,763		9,596		(6,308)		1984
Mesa Spirit	Mesa	AZ	(13,591)		17,382		25,238		192		1,434		17,574		26,672		44,246		(8,341)		2014
Monte Vista Resort	Mesa	AZ	(61,511)		11,402		34,355		—		39,917		11,402		74,272		85,674		(30,528)		2004
Seyenna Vistas	Mesa	AZ	—		1,360		4,660		(87)		4,128		1,273		8,788		10,061		(6,783)		1994
The Highlands at Brentwood	Mesa	AZ	(10,695)		1,997		6,024		—		2,871		1,997		8,895		10,892		(7,580)		1993
ViewPoint RV & Golf Resort	Mesa	AZ	(144,594)		24,890		56,340		15		30,043		24,905		86,383		111,288		(46,161)		2004
Apollo Village	Peoria	AZ	—		932		3,219		—		2,032		932		5,251		6,183		(4,341)		1994
Casa del Sol West	Peoria	AZ	—		2,215		6,467		—		3,331		2,215		9,798		12,013		(6,367)		1996
Carefree Manor	Phoenix	AZ	—		706		3,040		—		1,470		706		4,510		5,216		(3,301)		1998
Central Park	Phoenix	AZ	(9,261)		1,612		3,784		—		2,640		1,612		6,424		8,036		(5,094)		1983
Desert Skies	Phoenix	AZ	(3,991)		792		3,126		—		1,278		792		4,404		5,196		(3,309)		1998
Sunrise Heights	Phoenix	AZ	(4,889)		1,000		3,016		—		2,465		1,000		5,481		6,481		(4,158)		1994
Whispering Palms	Phoenix	AZ	—		670		2,141		—		713		670		2,854		3,524		(2,178)		1998
Desert Vista	Salome	AZ	—		66		268		—		445		66		713		779		(287)		2010
Sedona Shadows	Sedona	AZ	—		1,096		3,431		—		4,319		1,096		7,750		8,846		(4,281)		1997
Venture In	Show Low	AZ	(8,688)		2,050		6,188		—		1,145		2,050		7,333		9,383		(4,042)		2006
Paradise	Sun City	AZ	(36,153)		6,414		19,263		11		4,445		6,425		23,708		30,133		(14,868)		2004
The Meadows AZ	Tempe	AZ	(14,226)		2,613		7,887		—		5,457		2,613		13,344		15,957		(10,763)		1994

				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/23
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Fairview Manor	Tucson	AZ	—	1,674	4,708	—	3,358	1,674	8,066	9,740	(5,746)	1998
The Crossing at Voyager (2)	Tucson	AZ	—	6,148	—	—	8,148	6,148	8,148	14,296	(123)	2020
Voyager	Tucson	AZ	(38,277)	13,133	63,886	—	2,380	13,133	66,266	79,399	(12,270)	2021
Westpark	Wickenburg	AZ	(15,910)	4,495	10,517	—	5,667	4,495	16,184	20,679	(5,536)	2011
Araby Acres	Yuma	AZ	—	1,440	4,345	—	1,548	1,440	5,893	7,333	(3,511)	2003
Cactus Gardens	Yuma	AZ	(5,625)	1,992	5,984	—	966	1,992	6,950	8,942	(4,210)	2004
Capri	Yuma	AZ	—	1,595	4,774	—	704	1,595	5,478	7,073	(3,004)	2006
Desert Paradise	Yuma	AZ	—	666	2,011	—	603	666	2,614	3,280	(1,574)	2004
Foothill Village	Yuma	AZ	—	459	1,402	—	934	459	2,336	2,795	(1,164)	2003
Mesa Verde RV	Yuma	AZ	(3,959)	1,387	4,148	—	1,212	1,387	5,360	6,747	(2,755)	2007
Suni Sands	Yuma	AZ	—	1,249	3,759	—	885	1,249	4,644	5,893	(2,843)	2004
Cultus Lake	Lindell Beach	BC	—	410	968	6	704	416	1,672	2,088	(1,116)	2004
Soledad Canyon	Acton	CA	—	2,933	6,917	39	21,096	2,972	28,013	30,985	(7,937)	2004
Los Ranchos	Apple Valley	CA	—	8,336	15,774	—	6,463	8,336	22,237	30,573	(7,647)	2011
Monte del Lago	Castroville	CA	(40,007)	3,150	9,469	—	6,957	3,150	16,426	19,576	(10,923)	1997
Date Palm Country Club	Cathedral City	CA	—	—	18,179	—	12,492	—	30,671	30,671	(23,880)	1994
Palm Springs Oasis RV Resort	Cathedral City	CA	—	—	216	—	1,178	—	1,394	1,394	(634)	1994
Colony Park	Ceres	CA	(7,593)	890	2,837	—	1,932	890	4,769	5,659	(3,299)	1998
Russian River	Cloverdale	CA	—	368	868	5	1,033	373	1,901	2,274	(841)	2004
Oakzanita Springs	Descanso	CA	—	396	934	5	3,543	401	4,477	4,878	(1,591)	2004
Rancho Mesa	El Cajon	CA	(16,407)	2,130	6,389	—	2,967	2,130	9,356	11,486	(6,317)	1998
Rancho Valley	El Cajon	CA	(21,032)	685	1,902	—	3,430	685	5,332	6,017	(3,151)	1983
Snowflower	Emigrant Gap	CA	—	308	727	4	2,306	312	3,033	3,345	(1,271)	2004
Four Seasons	Fresno	CA	—	756	2,348	—	3,939	756	6,287	7,043	(2,910)	1997
Yosemite Lakes	Groveland	CA	—	2,045	4,823	27	11,266	2,072	16,089	18,161	(5,469)	2004
Royal Holiday	Hemet	CA	—	778	2,643	—	7,686	778	10,329	11,107	(4,295)	1999
Idyllwild	Idyllwild-Pine Cove	CA	—	313	737	4	2,953	317	3,690	4,007	(1,425)	2004
Pio Pico	Jamul	CA	—	2,626	6,194	35	8,468	2,661	14,662	17,323	(6,087)	2004
Tahoe Valley	Lake Tahoe	CA	—	—	5,428	—	2,282	—	7,710	7,710	(4,550)	2004
Sea Oaks	Los Osos	CA	—	871	2,703	—	2,211	871	4,914	5,785	(2,994)	1997
Ponderosa Resort	Lotus	CA	—	900	2,100	—	1,912	900	4,012	4,912	(2,114)	2006
Turtle Beach	Manteca	CA	—	268	633	4	1,191	272	1,824	2,096	(814)	2004
Marina Dunes RV Resort	Marina	CA	—	20,379	8,204	—	867	20,379	9,071	29,450	(1,036)	2020
Wilderness Lakes	Menifee	CA	—	2,157	5,088	405	5,235	2,562	10,323	12,885	(4,608)	2004
Coralwood	Modesto	CA	—	—	5,047	—	2,051	—	7,098	7,098	(5,196)	1997

				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/23
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Morgan Hill	Morgan Hill	CA	—	1,856	4,378	980	9,052	2,836	13,430	16,266	(4,391)	2004
Lake Minden	Nicolaus	CA	—	961	2,267	13	2,488	974	4,755	5,729	(2,408)	2004
Pacific Dunes Ranch	Oceana	CA	—	1,940	5,632	—	3,210	1,940	8,842	10,782	(4,357)	2004
Oceanside RV	Oceanside	CA	—	27,781	16,596	—	932	27,781	17,528	45,309	(2,435)	2022
Lake of the Springs	Oregon House	CA	—	1,062	2,504	14	3,336	1,076	5,840	6,916	(2,630)	2004
Concord Cascade	Pacheco	CA	(23,811)	985	3,016	—	5,041	985	8,057	9,042	(5,017)	1983
San Francisco RV	Pacifica	CA	—	1,660	4,973	—	3,697	1,660	8,670	10,330	(5,343)	2005
San Benito	Paicines	CA	—	1,411	3,328	19	6,990	1,430	10,318	11,748	(3,543)	2004
Palm Springs	Palm Desert	CA	—	1,811	4,271	24	4,163	1,835	8,434	10,269	(3,759)	2004
Las Palmas Estates	Rialto	CA	—	1,295	3,866	—	1,383	1,295	5,249	6,544	(3,027)	2004
Parque La Quinta	Rialto	CA	—	1,799	5,450	—	2,026	1,799	7,476	9,275	(4,015)	2004
Quail Meadows	Riverbank	CA	—	1,155	3,469	—	1,272	1,155	4,741	5,896	(3,531)	1998
California Hawaiian	San Jose	CA	(30,398)	5,825	17,755	—	7,308	5,825	25,063	30,888	(18,733)	1997
Nicholson Plaza	San Jose	CA	—	—	4,512	—	(4,512)	—	—	—	—	1997
Sunshadow	San Jose	CA	—	12,334	5,707	8	1,660	12,342	7,367	19,709	(5,582)	1997
Village of the Four Seasons	San Jose	CA	(17,558)	5,229	15,714	—	2,728	5,229	18,442	23,671	(11,106)	2004
Westwinds (4 properties)	San Jose	CA	—	—	17,616	—	(17,616)	—	—	—	—	1997
Laguna Lake	San Luis Obispo	CA	(18,759)	2,845	6,520	—	4,235	2,845	10,755	13,600	(6,558)	1998
Contempo Marin	San Rafael	CA	(34,626)	4,787	16,379	—	6,292	4,787	22,671	27,458	(19,057)	1994
Rancho Oso	Santa Barbara	CA	—	860	2,029	12	5,907	872	7,936	8,808	(2,386)	2004
De Anza Santa Cruz	Santa Cruz	CA	(46,126)	2,103	7,201	—	6,981	2,103	14,182	16,285	(9,570)	1994
Meadowbrook	Santee	CA	(20,201)	4,345	12,528	—	5,072	4,345	17,600	21,945	(12,642)	1998
Santa Cruz Ranch	Scotts Valley	CA	—	1,595	3,937	—	1,593	1,595	5,530	7,125	(2,461)	2007
Lamplighter Village	Spring Valley	CA	(36,569)	633	2,201	—	3,817	633	6,018	6,651	(3,574)	1983
Santiago Estates	Sylmar	CA	(20,272)	3,562	10,767	—	5,600	3,562	16,367	19,929	(10,846)	1998
Royal Oaks	Visalia	CA	—	602	1,921	—	3,340	602	5,261	5,863	(2,505)	1997
Pilot Knob RV Resort	Winterhaven	CA	—	581	1,151	—	940	581	2,091	2,672	(294)	2022
Hillcrest Village CO	Aurora	CO	(36,209)	1,912	5,202	289	9,890	2,201	15,092	17,293	(8,743)	1983
Cimarron Village	Broomfield	CO	(29,865)	863	2,790	—	2,341	863	5,131	5,994	(3,778)	1983
Holiday Village CO	Colorado Springs	CO	(19,732)	567	1,759	—	3,695	567	5,454	6,021	(3,170)	1983
Bear Creek Village	Denver	CO	(5,315)	1,100	3,359	—	1,420	1,100	4,779	5,879	(3,370)	1998
Holiday Hills Village	Denver	CO	(65,156)	2,159	7,780	—	11,428	2,159	19,208	21,367	(12,986)	1983
Golden Terrace	Golden	CO	—	826	2,415	—	4,253	826	6,668	7,494	(4,102)	1983
Golden Terrace South	Golden	CO	—	750	2,265	—	1,148	750	3,413	4,163	(2,623)	1997
Golden Terrace West	Golden	CO	—	1,694	5,065	—	7,794	1,694	12,859	14,553	(7,528)	1986

				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/23
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Blue Mesa Recreational Ranch	Gunnison	CO	—	5,126	8,217	—	598	5,126	8,815	13,941	(1,988)	2022
Pueblo Grande	Pueblo	CO	—	241	1,069	—	5,766	241	6,835	7,076	(2,283)	1983
Woodland Hills	Thornton	CO	(37,343)	1,928	4,408	—	4,841	1,928	9,249	11,177	(7,312)	1994
Stonegate Manor	North Windham	CT	—	6,011	12,336	—	674	6,011	13,010	19,021	(5,831)	2011
Waterford Estates	Bear	DE	(36,549)	5,250	16,202	—	4,111	5,250	20,313	25,563	(10,612)	1996
McNicol Place	Lewes	DE	—	562	1,710	—	341	562	2,051	2,613	(1,616)	1998
Whispering Pines	Lewes	DE	—	1,536	4,609	—	2,776	1,536	7,385	8,921	(6,008)	1988
Mariner's Cove	Millsboro	DE	(17,577)	990	2,971	—	12,896	990	15,867	16,857	(8,161)	1987
Sweetbriar	Millsboro	DE	—	498	1,527	—	1,149	498	2,676	3,174	(1,840)	1998
Aspen Meadows	Rehoboth	DE	(12,653)	1,148	3,460	—	1,130	1,148	4,590	5,738	(3,483)	1998
Camelot Meadows	Rehoboth	DE	—	527	2,058	1,251	5,138	1,778	7,196	8,974	(5,494)	1998
Riverside RV Resort	Arcadia	FL	—	8,400	11,905	11,085	5,251	19,485	17,156	36,641	(5,951)	2016
Toby’s RV Resort	Arcadia	FL	—	1,093	3,280	—	938	1,093	4,218	5,311	(2,518)	2003
Aventura Marina	Aventura	FL	—	813	811	—	7	813	818	1,631	(154)	2019
Hi-Lift Marina	Aventura	FL	—	21,444	4,178	—	1,851	21,444	6,029	27,473	(1,073)	2021
Sunshine Key	Big Pine Key	FL	—	5,273	15,822	—	17,693	5,273	33,515	38,788	(14,819)	2004
Windmill Manor	Bradenton	FL	(9,796)	2,153	6,125	—	2,800	2,153	8,925	11,078	(6,727)	1998
Winter Quarters Manatee	Bradenton	FL	—	2,300	6,903	—	2,435	2,300	9,338	11,638	(5,314)	2004
Clover Leaf Farms	Brooksville	FL	(30,314)	13,684	24,106	—	10,755	13,684	34,861	48,545	(12,162)	2011
Clover Leaf Forest	Brooksville	FL	—	1,092	2,178	—	767	1,092	2,945	4,037	(1,084)	2011
Myriad Development - Resort at Tranquility Lake	Cape Coral	FL	—	12,572	—	44	31,365	12,616	31,365	43,981	(1,375)	2020
Palm Harbour Marina	Cape Haze	FL	—	13,228	6,310	—	(355)	13,228	5,955	19,183	(851)	2021
Glen Ellen	Clearwater	FL	—	619	1,882	—	657	619	2,539	3,158	(1,554)	2002
Hillcrest FL	Clearwater	FL	—	1,278	3,928	—	3,890	1,278	7,818	9,096	(4,562)	1998
Holiday Ranch	Clearwater	FL	—	925	2,866	—	808	925	3,674	4,599	(2,878)	1998
Serendipity	Clearwater	FL	(16,005)	18,944	11,782	—	2,371	18,944	14,153	33,097	(5,212)	2018
Shady Lane Oaks	Clearwater	FL	—	4,984	8,482	—	932	4,984	9,414	14,398	(4,138)	2011
Shady Lane Village	Clearwater	FL	—	3,102	5,480	—	644	3,102	6,124	9,226	(2,677)	2011
Silk Oak Lodge	Clearwater	FL	—	1,649	5,028	—	830	1,649	5,858	7,507	(3,777)	2002
Clerbrook Golf & RV Resort	Clermont	FL	—	3,883	11,700	—	5,333	3,883	17,033	20,916	(8,299)	2006
Lake Magic	Clermont	FL	—	1,595	4,793	—	2,334	1,595	7,127	8,722	(3,885)	2004
Orange Lake	Clermont	FL	—	4,303	6,815	—	1,988	4,303	8,803	13,106	(3,499)	2011
Orlando	Clermont	FL	—	2,975	7,017	40	25,254	3,015	32,271	35,286	(8,879)	2004
Cortez Village Marina	Cortez	FL	—	17,936		—	511	17,936	4,467	22,403	(814)	2021

				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/23
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Crystal Isles	Crystal River	FL	—	926	2,787	10	4,124	936	6,911	7,847	(3,260)	2004
Cheron Village	Davie	FL	—	10,393	6,217	—	431	10,393	6,648	17,041	(3,216)	2011
Carriage Cove	Daytona Beach	FL	(14,394)	2,914	8,682	—	4,280	2,914	12,962	15,876	(8,833)	1998
Daytona Beach Marina	Daytona Beach	FL	—	1,962	9,034	—	368	1,962	9,402	11,364	(1,664)	2019
Lake Haven	Dunedin	FL	(12,135)	1,135	4,047	—	4,657	1,135	8,704	9,839	(6,657)	1983
Marker 1 Marina	Dunedin	FL	—	21,685	15,758	—	182	21,685	15,940	37,625	(2,848)	2020
Coquina Crossing	Elkton	FL	(25,109)	5,274	5,545	—	27,100	5,274	32,645	37,919	(16,505)	1999
Colony Cove	Ellenton	FL	(86,379)	28,660	92,457	38,094	41,626	66,754	134,083	200,837	(47,940)	2011
Ridgewood Estates	Ellenton	FL	(24,809)	8,769	8,791	—	1,322	8,769	10,113	18,882	(4,304)	2011
Haselton Village	Eustis	FL	—	3,800	8,955	—	1,288	3,800	10,243	14,043	(4,261)	2011
Southern Palms RV	Eustis	FL	—	2,169	5,884	—	5,890	2,169	11,774	13,943	(7,868)	1998
Bulow Plantation	Flagler Beach	FL	—	3,637	949	—	7,804	3,637	8,753	12,390	(6,109)	1994
Bulow RV	Flagler Beach	FL	—	—	228	—	2,651	—	2,879	2,879	(1,316)	1994
Carefree Cove	Fort Lauderdale	FL	—	1,741	5,170	—	1,320	1,741	6,490	8,231	(3,856)	2004
Everglades Lakes	Fort Lauderdale	FL	—	53,850	18,797	—	3,422	53,850	22,219	76,069	(5,054)	2018
Park City West	Fort Lauderdale	FL	(25,440)	4,184	12,561	—	1,928	4,184	14,489	18,673	(9,040)	2004
Sunshine Holiday MH	Fort Lauderdale	FL	(16,347)	3,099	9,286	—	2,866	3,099	12,152	15,251	(6,856)	2004
Crystal Lakes-Fort Myers	Fort Myers	FL	—	1,047	—	1,754	1,510	2,801	1,510	4,311	(130)	2018
Fish Tale Marina	Fort Myers	FL	—	24,027	5,555	—	1,330	24,027	6,885	30,912	(884)	2021
Fort Myers Beach	Fort Myers	FL	—	1,188	3,548	849	8,248	2,037	11,796	13,833	(3,094)	2004
Gulf Air	Fort Myers Beach	FL	—	1,609	4,746	—	6,036	1,609	10,782	12,391	(3,686)	2004
Lakeside Terrace	Fruitland Park	FL	—	3,275	7,165	—	927	3,275	8,092	11,367	(3,476)	2011
Grand Island Resort	Grand Island	FL	—	1,723	5,208	125	7,520	1,848	12,728	14,576	(7,213)	2001
Holiday Travel Park	Holiday	FL	—	9,240	13,284	—	2,152	9,240	15,436	24,676	(5,880)	2018
Hollywood Marina	Hollywood	FL	—	14,638	4,065	—	1,154	14,638	5,219	19,857	(997)	2019
South Miami Marina	Homestead	FL	—	—	13,144	—	416	—	13,560	13,560	(2,376)	2019
Barrington Hills	Hudson	FL	(5,902)	1,145	3,437	—	2,209	1,145	5,646	6,791	(2,907)	2004
Jupiter Marina	Jupiter	FL	—	5,090	4,842	—	1,363	5,090	6,205	11,295	(1,491)	2019
Sherwood Forest - MHP	Kissimmee	FL	—	4,852	14,596	—	12,492	4,852	27,088	31,940	(17,339)	1998
Sherwood Forest RV	Kissimmee	FL	—	2,870	3,621	568	5,420	3,438	9,041	12,479	(5,572)	1998
Tropical Palms	Kissimmee	FL	—	5,677	17,116	—	19,579	5,677	36,695	42,372	(18,365)	2004
Lake Worth Village	Lake Worth	FL	—	14,959	24,501	—	5,765	14,959	30,266	45,225	(12,475)	2011
Beacon Hill Colony	Lakeland	FL	—	3,775	6,405	—	872	3,775	7,277	11,052	(3,003)	2011
Beacon Terrace	Lakeland	FL	(8,505)	5,372	9,153	216	1,199	5,588	10,352	15,940	(4,391)	2011
Kings & Queens	Lakeland	FL	—	1,696	3,064	—	506	1,696	3,570	5,266	(1,514)	2011

				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/23
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Lakeland Harbor	Lakeland	FL	(35,369)	10,446	17,376	—	1,385	10,446	18,761	29,207	(8,089)	2011
Lakeland Junction	Lakeland	FL	(3,019)	3,018	4,752	—	477	3,018	5,229	8,247	(2,289)	2011
Lantana Marina	Lantana	FL	—	8,276	5,108	—	(170)	8,276	4,938	13,214	(1,278)	2019
Maralago Cay	Lantana	FL	(36,703)	5,325	15,420	—	7,550	5,325	22,970	28,295	(17,612)	1997
South Lantana Marina	Lantana	FL	—	2,345	1,894	—	519	2,345	2,413	4,758	(644)	2019
Down Yonder	Largo	FL	—	2,652	7,981	—	1,808	2,652	9,789	12,441	(6,365)	1998
East Bay Oaks	Largo	FL	(8,084)	1,240	3,322	—	2,310	1,240	5,632	6,872	(4,397)	1983
Eldorado Village	Largo	FL	(5,402)	778	2,341	—	2,302	778	4,643	5,421	(3,313)	1983
Paradise Park - Largo	Largo	FL	(5,115)	3,523	4,026	—	745	3,523	4,771	8,294	(1,887)	2017
Shangri-La Mobile Home Park	Largo	FL	—	1,722	5,200	—	512	1,722	5,712	7,434	(3,650)	2004
Vacation Village	Largo	FL	(5,454)	1,315	3,946	—	1,171	1,315	5,117	6,432	(3,038)	2004
Whispering Pines - Largo	Largo	FL	—	8,218	14,054	—	2,147	8,218	16,201	24,419	(6,771)	2011
Coachwood Colony	Leesburg	FL	—	1,602	4,822	—	1,796	1,602	6,618	8,220	(3,676)	2004
Mid-Florida Lakes	Leesburg	FL	(56,339)	5,997	20,635	—	18,016	5,997	38,651	44,648	(28,314)	1994
Fiesta Key	Long Key	FL	—	16,611	7,338	—	19,799	16,611	27,137	43,748	(5,869)	2013
Winter Quarters Pasco	Lutz	FL	(7,886)	1,494	4,484	—	2,452	1,494	6,936	8,430	(3,623)	2004
Coral Cay Plantation	Margate	FL	(87,440)	5,890	20,211	—	10,958	5,890	31,169	37,059	(25,944)	1994
Lakewood Village	Melbourne	FL	—	1,862	5,627	—	3,335	1,862	8,962	10,824	(7,099)	1994
Miami Everglades	Miami	FL	—	5,362	6,238	—	1,965	5,362	8,203	13,565	(3,468)	2015
Southernaire	Mt. Dora	FL	—	796	2,395	—	708	796	3,103	3,899	(1,764)	2004
Country Place (2)	New Port Richey	FL	(16,427)	663	—	18	8,819	681	8,819	9,500	(7,121)	1986
Hacienda Village	New Port Richey	FL	(14,244)	4,297	13,088	—	4,966	4,297	18,054	22,351	(11,029)	2002
Harbor View Mobile Manor	New Port Richey	FL	(15,530)	4,030	12,146	—	4,676	4,030	16,822	20,852	(9,237)	2002
Bay Lake Estates	Nokomis	FL	(9,780)	990	3,390	—	3,289	990	6,679	7,669	(4,778)	1994
Lake Village	Nokomis	FL	(13,446)	15,850	18,099	10,408	4,623	26,258	22,722	48,980	(8,503)	2011
Royal Coachman	Nokomis	FL	—	5,321	15,978	—	2,664	5,321	18,642	23,963	(11,713)	2004
Buccaneer Estates	North Fort Myers	FL	—	4,207	14,410	—	23,729	4,207	38,139	42,346	(17,314)	1994
Island Vista Estates	North Fort Myers	FL	—	5,004	15,066	—	7,755	5,004	22,821	27,825	(9,958)	2006
Lake Fairways	North Fort Myers	FL	(32,927)	6,075	18,134	35	5,598	6,110	23,732	29,842	(20,172)	1994
Pine Lakes	North Fort Myers	FL	(57,982)	6,306	14,579	24,941	11,570	31,247	26,149	57,396	(21,020)	1994
Pioneer Village	North Fort Myers	FL	(15,846)	4,116	12,353	—	4,718	4,116	17,071	21,187	(9,823)	2004
Sunseekers RV Resort	North Fort Myers	FL	—	4,224	2,299	—	2,649	4,224	4,948	9,172	(1,626)	2018
The Heritage	North Fort Myers	FL	—	1,438	4,371	346	7,218	1,784	11,589	13,373	(8,068)	1993
Windmill Village - N. Ft. Myers	North Fort Myers	FL	—	1,417	5,440	—	6,119	1,417	11,559	12,976	(7,735)	1983
Foxwood Farms	Ocala	FL	—	3,853	7,967	—	3,047	3,853	11,014	14,867	(4,319)	2011

				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/23
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Oak Bend	Ocala	FL	—	850	2,572	—	9,712	850	12,284	13,134	(4,336)	1993
Villas at Spanish Oaks	Ocala	FL	—	2,250	6,922	—	4,038	2,250	10,960	13,210	(8,527)	1993
Silver Dollar Golf & Trap Club Resort	Odessa	FL	—	4,107	12,431	7,158	4,895	11,265	17,326	28,591	(10,202)	2004
Okeechobee RV Resort	Okeechobee	FL	—	14,897	27,337	—	2,528	14,897	29,865	44,762	(6,720)	2021
Audubon Village - Florida	Orlando	FL	—	4,622	7,200	—	1,212	4,622	8,412	13,034	(3,540)	2011
Hidden Valley	Orlando	FL	(24,811)	11,398	12,861	—	1,683	11,398	14,544	25,942	(6,214)	2011
Starlight Ranch	Orlando	FL	(28,287)	13,543	20,388	—	7,538	13,543	27,926	41,469	(10,469)	2011
Holiday Village, Ormond Beach	Ormond Beach	FL	—	2,610	7,837	—	3,209	2,610	11,046	13,656	(6,140)	2002
Sunshine Holiday-Daytona North	Ormond Beach	FL	—	2,001	6,004	—	2,101	2,001	8,105	10,106	(4,704)	2004
Palm Beach Gardens Marina	Palm Beach	FL	—	15,734	4,938	—	288	15,734	5,226	20,960	(1,177)	2019
The Meadows, FL	Palm Beach Gardens	FL	(40,938)	3,229	9,870	—	7,642	3,229	17,512	20,741	(11,542)	1999
Terra Ceia	Palmetto	FL	—	965	2,905	1,833	16,829	2,798	19,734	22,532	(2,748)	2004
Lakes at Countrywood	Plant City	FL	—	2,377	7,085	—	5,368	2,377	12,453	14,830	(7,059)	2001
Meadows at Countrywood	Plant City	FL	—	4,514	13,175	75	14,426	4,589	27,601	32,190	(18,073)	1998
Oaks at Countrywood	Plant City	FL	—	846	2,513	(75)	2,479	771	4,992	5,763	(3,099)	1998
Breezy Hill	Pompano Beach	FL	(25,757)	5,424	16,555	—	3,850	5,424	20,405	25,829	(13,331)	2002
Hidden Harbour Marina	Pompano Beach	FL	—	26,116	12,513	—	563	26,116	13,076	39,192	(1,868)	2021
Highland Wood Travel Park	Pompano Beach	FL	—	1,043	3,130	42	981	1,085	4,111	5,196	(2,530)	2002
Inlet Harbor Marina	Ponce Inlet	FL	—	11,858	5,485	—	517	11,858	6,002	17,860	(968)	2021
Harbor Lakes	Port Charlotte	FL	(16,131)	3,384	10,154	—	3,134	3,384	13,288	16,672	(7,478)	2004
Lighthouse Pointe at Daytona Beach	Port Orange	FL	—	2,446	7,483	23	5,005	2,469	12,488	14,957	(7,939)	1998
Pickwick Village	Port Orange	FL	(15,103)	2,803	8,870	—	7,321	2,803	16,191	18,994	(9,178)	1998
Rose Bay	Port Orange	FL	—	3,866	3,528	—	942	3,866	4,470	8,336	(2,712)	2016
Emerald Lake	Punta Gorda	FL	(3,741)	3,598	5,197	—	1,818	3,598	7,015	10,613	(2,603)	2011
Gulf View	Punta Gorda	FL	—	717	2,158	—	2,325	717	4,483	5,200	(2,378)	2004
Tropical Palms MH	Punta Gorda	FL	—	2,365	7,286	—	4,411	2,365	11,697	14,062	(5,380)	2006
Kingswood	Riverview	FL	—	9,094	8,365	—	1,724	9,094	10,089	19,183	(3,094)	2018
Palm Lake	Riviera Beach	FL	(17,009)	56,323	27,418	—	14,109	56,323	41,527	97,850	(8,627)	2018
Riviera Beach Marina	Riviera Beach	FL	—	15,725	12,966	—	1,862	15,725	14,828	30,553	(3,605)	2019
Indian Oaks	Rockledge	FL	—	1,089	3,376	—	1,586	1,089	4,962	6,051	(3,796)	1998
Space Coast	Rockledge	FL	—	2,413	3,716	—	2,087	2,413	5,803	8,216	(1,702)	2014
Covington Estates	Saint Cloud	FL	(8,329)	3,319	7,253	—	694	3,319	7,947	11,266	(3,439)	2011
Winds of St. Armands North	Sarasota	FL	(21,832)	1,523	5,063	20	4,879	1,543	9,942	11,485	(7,701)	1983
Winds of St. Armands South	Sarasota	FL	(14,236)	1,106	3,162	4,018	10,661	5,124	13,823	18,947	(4,842)	1983

				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/23
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Topics RV Resort	Spring Hill	FL	(3,414)	844	2,568	—	1,465	844	4,033	4,877	(2,185)	2004
Pine Island	St. James City	FL	—	1,678	5,044	—	8,027	1,678	13,071	14,749	(3,527)	2007
St. Pete Marina	St. Petersburg	FL	—	12,591	19,066	—	(103)	12,591	18,963	31,554	(4,289)	2019
Riverwatch Marina	Stuart	FL	—	19,994	8,910	—	552	19,994	9,462	29,456	(1,262)	2021
Carefree Village	Tampa	FL	(26,853)	6,799	10,421	—	1,909	6,799	12,330	19,129	(5,208)	2011
Tarpon Glen	Tarpon Springs	FL	—	2,678	4,016	—	1,235	2,678	5,251	7,929	(2,096)	2011
Featherock	Valrico	FL	—	11,369	22,770	—	2,804	11,369	25,574	36,943	(10,534)	2011
Bay Indies	Venice	FL	(192,801)	10,483	31,559	10	13,907	10,493	45,466	55,959	(36,514)	1994
Ramblers Rest RV Resort	Venice	FL	(30,081)	4,646	14,201	—	16,528	4,646	30,729	35,375	(11,847)	2006
Countryside at Vero Beach	Vero Beach	FL	(57,377)	3,711	11,133	—	9,779	3,711	20,912	24,623	(15,054)	1998
Heritage Plantation	Vero Beach	FL	—	2,403	7,259	—	5,536	2,403	12,795	15,198	(9,137)	1994
Heron Cay	Vero Beach	FL	(24,832)	14,368	23,792	—	3,165	14,368	26,957	41,325	(11,352)	2011
Holiday Village, Florida	Vero Beach	FL	—	350	1,374	—	258	350	1,632	1,982	(1,357)	1998
Sunshine Travel-Vero Beach	Vero Beach	FL	—	1,603	4,813	—	4,797	1,603	9,610	11,213	(3,830)	2004
Vero Beach Marina	Vero Beach	FL	—	3,644	5,519	—	2,175	3,644	7,694	11,338	(1,249)	2019
Vero Palm Estates	Vero Beach	FL	(9,971)	6,697	9,025	—	1,990	6,697	11,015	17,712	(4,498)	2011
Village Green	Vero Beach	FL	(57,998)	15,901	25,175	518	4,734	16,419	29,909	46,328	(12,450)	2011
Peace River	Wauchula	FL	—	900	2,100	—	4,822	900	6,922	7,822	(2,084)	2006
Palm Beach Colony	West Palm Beach	FL	(9,460)	5,930	10,113	8	1,315	5,938	11,428	17,366	(4,950)	2011
Parkwood Communities	Wildwood	FL	—	6,990	15,115	—	2,028	6,990	17,143	24,133	(7,418)	2011
Three Flags	Wildwood	FL	—	228	684	—	1,029	228	1,713	1,941	(792)	2006
Winter Garden	Winter Garden	FL	—	2,321	6,962	—	2,425	2,321	9,387	11,708	(4,324)	2007
Crystal Lake Zephyrhills	Zephyrhills	FL	—	3,767	6,834	194	15,393	3,961	22,227	26,188	(5,110)	2011
Forest Lake Estates MH	Zephyrhills	FL	(16,944)	40,716	33,918	1,194	7,868	41,910	41,786	83,696	(16,441)	2016
Forest Lake Village RV	Zephyrhills	FL	—	—	537	—	670	—	1,207	1,207	(302)	2016
Sixth Avenue	Zephyrhills	FL	—	837	2,518	—	653	837	3,171	4,008	(1,772)	2004
Coach Royale	Boise	ID	—	465	1,685	—	455	465	2,140	2,605	(862)	2011
Maple Grove	Boise	ID	—	1,358	5,151	—	1,525	1,358	6,676	8,034	(2,618)	2011
Shenandoah Estates	Boise	ID	(8,230)	1,287	7,603	—	716	1,287	8,319	9,606	(3,473)	2011
West Meadow Estates	Boise	ID	(6,748)	1,371	6,770	—	707	1,371	7,477	8,848	(3,122)	2011
O'Connell's Yogi Bear RV Resort	Amboy	IL	(2,481)	1,648	4,974	—	8,339	1,648	13,313	14,961	(4,938)	2004
Pheasant Lake Estates	Beecher	IL	(36,860)	12,764	42,183	872	4,535	13,636	46,718	60,354	(16,267)	2013
Pine Country	Belvidere	IL	—	53	166	—	3,059	53	3,225	3,278	(807)	2006
Willow Lake Estates	Elgin	IL	(34,816)	6,138	21,033	—	22,212	6,138	43,245	49,383	(26,795)	1994
Golf Vista Estates	Monee	IL	(29,874)	2,842	4,719	1	14,831	2,843	19,550	22,393	(10,149)	1997

				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/23
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Indian Lakes	Batesville	IN	—	450	1,061	6	18,546	456	19,607	20,063	(3,571)	2004
Horseshoe Lakes	Clinton	IN	—	155	365	2	2,175	157	2,540	2,697	(709)	2004
Twin Mills RV	Howe	IN	—	1,399	4,186	—	1,163	1,399	5,349	6,748	(2,802)	2006
Lakeside RV	New Carlisle	IN	—	426	1,281	—	454	426	1,735	2,161	(973)	2004
Dale Hollow State Park Marina	Burkesville	KY	—	—	7,399	—	810	—	8,209	8,209	(1,182)	2021
Diamond Caverns	Park City	KY	—	530	1,512	(3)	1,021	527	2,533	3,060	(1,255)	2006
Gateway to Cape Cod	Rochester	MA	—	91	288	—	1,283	91	1,571	1,662	(452)	2006
Hillcrest MA	Rockland	MA	—	2,034	3,182	—	664	2,034	3,846	5,880	(1,533)	2011
The Glen	Rockland	MA	—	940	1,680	—	67	940	1,747	2,687	(781)	2011
Old Chatham	South Dennis	MA	(5,851)	1,760	5,293	—	5,532	1,760	10,825	12,585	(3,746)	2005
Sturbridge	Sturbridge	MA	—	110	347	—	1,322	110	1,669	1,779	(587)	2006
Fernwood	Capitol Heights	MD	(10,520)	6,556	11,674	—	1,817	6,556	13,491	20,047	(5,654)	2011
Williams Estates/Peppermint Woods	Middle River	MD	—	22,774	42,575	—	2,116	22,774	44,691	67,465	(19,676)	2011
Mt. Desert Narrows	Bar Harbor	ME	—	1,037	3,127	—	1,042	1,037	4,169	5,206	(1,985)	2007
Patten Pond	Ellsworth	ME	—	267	802	—	521	267	1,323	1,590	(604)	2007
Pinehirst	Old Orchard Beach	ME	(10,808)	1,942	5,827	—	3,002	1,942	8,829	10,771	(4,583)	2005
Narrows Too	Trenton	ME	—	1,451	4,408	—	1,464	1,451	5,872	7,323	(2,568)	2007
Moody Beach	Wells	ME	—	93	292	—	5,875	93	6,167	6,260	(1,139)	2006
Bear Cave	Buchanan	MI	—	176	516	—	945	176	1,461	1,637	(582)	2006
St Clair	St. Clair	MI	—	453	1,068	6	1,538	459	2,606	3,065	(1,116)	2004
Cedar Knolls	Apple Valley	MN	(29,656)	10,021	14,357	—	2,517	10,021	16,874	26,895	(7,209)	2011
Cimarron Park	Lake Elmo	MN	—	11,097	23,132	—	6,565	11,097	29,697	40,794	(11,450)	2011
Rockford Riverview Estates	Rockford	MN	—	2,959	8,882	—	1,746	2,959	10,628	13,587	(4,388)	2011
Rosemount Woods	Rosemount	MN	—	4,314	8,932	—	4,636	4,314	13,568	17,882	(4,572)	2011
Boathouse Marina	Beaufort	NC	—	6,610	13,217	—	1,787	6,610	15,004	21,614	(1,817)	2021
Forest Lake	Advance	NC	—	986	2,325	13	10,658	999	12,983	13,982	(2,758)	2004
Scenic	Asheville	NC	—	1,183	3,511	—	2,726	1,183	6,237	7,420	(2,417)	2006
Waterway RV	Cedar Point	NC	(4,389)	2,392	7,185	—	1,292	2,392	8,477	10,869	(5,196)	2004
Twin Lakes	Chocowinity	NC	—	1,709	3,361	—	3,090	1,709	6,451	8,160	(3,002)	2004
Holiday Trav-L-Park Resort	Emerald Isle	NC	—	17,212	33,520	—	421	17,212	33,941	51,153	(4,494)	2022
Topsail Sound RV	Holly Ridge	NC	—	3,414	5,898	—	3,126	3,414	9,024	12,438	(1,293)	2020
Green Mountain	Lenoir	NC	—	1,037	3,075	—	3,007	1,037	6,082	7,119	(2,635)	2006
Lake Gaston	Littleton	NC	—	130	409	—	3,062	130	3,471	3,601	(860)	2006
Lake Myers RV	Mocksville	NC	—	1,504	4,587	—	2,372	1,504	6,959	8,463	(3,153)	2006
Bogue Pines	Newport	NC	—	1,476	2,592	—	248	1,476	2,840	4,316	(986)	2015

				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/23
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Goose Creek	Newport	NC	(12,221)	4,612	13,848	750	3,376	5,362	17,224	22,586	(10,568)	2004
Whispering Pines - NC	Newport	NC	—	3,096	5,081	1	460	3,097	5,541	8,638	(1,869)	2015
Harbor Point RV	Sneads Ferry	NC	—	4,633	7,777	—	258	4,633	8,035	12,668	(1,510)	2020
White Oak Shores	Stella	NC	—	5,089	15,416	2,269	16,049	7,358	31,465	38,823	(5,048)	2019
Buena Vista	Fargo	ND	—	4,563	14,949	—	2,219	4,563	17,168	21,731	(7,126)	2011
Meadow Park	Fargo	ND	—	943	2,907	—	477	943	3,384	4,327	(1,452)	2011
Sandy Beach	Contoocook	NH	—	1,755	5,265	—	404	1,755	5,669	7,424	(3,425)	2005
Pine Acres	Raymond	NH	—	3,096	2,102	—	1,208	3,096	3,310	6,406	(1,171)	2014
Tuxbury Resort	South Hampton	NH	—	3,557	3,910	—	1,864	3,557	5,774	9,331	(2,696)	2007
King Nummy	Cape May Court House	NJ	—	4,027	3,584	—	782	4,027	4,366	8,393	(2,497)	2018
Acorn Campground	Green Creek	NJ	—	3,707	4,642	—	1,028	3,707	5,670	9,377	(2,617)	2020
Whippoorwill RV	Marmon	NJ	—	4,201	17,589	—	179	4,201	17,768	21,969	(2,439)	2022
Mays Landing Resort	Mays Landing	NJ	—	536	289	—	3,156	536	3,445	3,981	(505)	2014
Echo Farms	Ocean View	NJ	—	2,840	3,045	—	2,337	2,840	5,382	8,222	(1,687)	2014
Lake and Shore	Ocean View	NJ	—	378	1,192	—	3,189	378	4,381	4,759	(1,986)	2006
Pine Haven	Ocean View	NJ	—	15,586	47,165	—	755	15,586	47,920	63,506	(9,488)	2021
Red Oak Shores Campground	Ocean View	NJ	—	2,193	6,759	—	700	2,193	7,459	9,652	(945)	2023
Chestnut Lake	Port Republic	NJ	—	337	796	5	2,480	342	3,276	3,618	(1,133)	2004
Sea Pines	Swainton	NJ	—	198	625	—	4,689	198	5,314	5,512	(1,646)	2006
Pine Ridge at Crestwood	Whiting	NJ	(56,971)	17,367	33,127	—	9,349	17,367	42,476	59,843	(16,290)	2011
Mountain View - NV	Henderson	NV	(33,673)	16,665	25,915	—	1,360	16,665	27,275	43,940	(11,884)	2011
Bonanza Village	Las Vegas	NV	—	908	2,643	(1)	3,133	907	5,776	6,683	(4,144)	1983
Boulder Cascade	Las Vegas	NV	—	2,995	9,020	—	5,352	2,995	14,372	17,367	(9,891)	1998
Cabana	Las Vegas	NV	—	2,648	7,989	—	1,878	2,648	9,867	12,515	(8,656)	1994
Flamingo West	Las Vegas	NV	—	1,730	5,266	—	2,459	1,730	7,725	9,455	(6,626)	1994
Las Vegas	Las Vegas	NV	—	1,049	2,473	14	3,026	1,063	5,499	6,562	(2,228)	2004
Villa Borega	Las Vegas	NV	—	2,896	8,774	—	2,237	2,896	11,011	13,907	(8,749)	1997
Rondout Valley	Accord	NY	—	1,115	3,240	—	4,546	1,115	7,786	8,901	(2,628)	2006
Alpine Lake RV Resort	Corinth	NY	—	4,783	14,125	153	4,331	4,936	18,456	23,392	(10,055)	2005
Lake George Escape	Lake George	NY	—	3,562	10,708	—	13,651	3,562	24,359	27,921	(9,688)	2005
The Woodlands	Lockport	NY	(40,304)	12,183	39,687	6	9,656	12,189	49,343	61,532	(19,083)	2011
Greenwood Village	Manorville	NY	—	3,667	9,414	484	8,132	4,151	17,546	21,697	(12,220)	1998
Brennan Beach	Pulaski	NY	—	7,325	21,141	—	10,210	7,325	31,351	38,676	(16,092)	2005
Lake George Schroon Valley	Warrensburg	NY	—	540	1,626	—	552	540	2,178	2,718	(1,103)	2008

				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/23
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Kenisee Lake	Jefferson	OH	—	295	696	4	693	299	1,389	1,688	(710)	2004
Bay Point Marina	Marblehead	OH	—	8,575	17,037	—	2,017	8,575	19,054	27,629	(2,656)	2021
Wilmington	Wilmington	OH	—	235	555	3	1,321	238	1,876	2,114	(727)	2004
Bend	Bend	OR	—	733	1,729	10	5,513	743	7,242	7,985	(2,107)	2004
Shadowbrook	Clackamas	OR	—	1,197	3,693	—	1,948	1,197	5,641	6,838	(3,793)	1997
Pacific City	Cloverdale	OR	—	1,076	2,539	15	8,829	1,091	11,368	12,459	(2,972)	2004
Falcon Wood Village	Eugene	OR	(14,123)	1,112	3,426	—	1,884	1,112	5,310	6,422	(3,556)	1997
Portland Fairview	Fairview	OR	(19,071)	7,330	10,278	—	1,300	7,330	11,578	18,908	(4,774)	2016
Quail Hollow	Fairview	OR	—	—	3,249	—	1,054	—	4,303	4,303	(3,407)	1997
South Jetty	Florence	OR	—	678	1,598	9	3,346	687	4,944	5,631	(1,759)	2004
Seaside	Seaside	OR	—	891	2,101	12	2,495	903	4,596	5,499	(2,069)	2004
Whalers Rest	South Beach	OR	—	754	1,777	10	2,142	764	3,919	4,683	(1,753)	2004
Hope Valley	Turner	OR	—	7,373	14,517	—	896	7,373	15,413	22,786	(1,920)	2021
Mt. Hood Village	Welches	OR	—	1,817	5,733	—	15,119	1,817	20,852	22,669	(6,665)	2002
Greenbriar Village	Bath	PA	—	8,359	16,941	—	1,474	8,359	18,415	26,774	(7,737)	2011
Sun Valley	Bowmansville	PA	—	866	2,601	—	2,308	866	4,909	5,775	(1,766)	2009
Green Acres	Breinigsville	PA	(33,803)	2,680	7,479	—	7,745	2,680	15,224	17,904	(11,179)	1988
Gettysburg Farm	Dover	PA	—	111	350	—	1,320	111	1,670	1,781	(604)	2006
Timothy Lake North	East Stroudsburg	PA	—	296	933	—	1,093	296	2,026	2,322	(886)	2006
Timothy Lake South	East Stroudsburg	PA	—	206	649	—	489	206	1,138	1,344	(541)	2006
Drummer Boy	Gettysburg	PA	—	1,884	20,342	—	1,331	1,884	21,673	23,557	(6,204)	2019
Round Top	Gettysburg	PA	—	1,214	11,355	—	1,216	1,214	12,571	13,785	(5,215)	2019
Circle M	Lancaster	PA	—	330	1,041	—	4,574	330	5,615	5,945	(1,570)	2006
Hershey	Lebanon	PA	—	1,284	3,028	17	3,000	1,301	6,028	7,329	(3,091)	2004
Robin Hill	Lenhartsville	PA	—	1,263	3,786	—	1,043	1,263	4,829	6,092	(2,210)	2009
PA Dutch County	Manheim	PA	—	88	278	—	1,345	88	1,623	1,711	(393)	2006
Spring Gulch	New Holland	PA	—	1,593	4,795	—	1,797	1,593	6,592	8,185	(3,815)	2004
Lil Wolf	Orefield	PA	—	5,627	13,593	—	4,627	5,627	18,220	23,847	(6,885)	2011
Scotrun	Scotrun	PA	—	153	483	—	1,455	153	1,938	2,091	(592)	2006
Appalachian RV	Shartlesville	PA	—	1,666	5,044	—	1,211	1,666	6,255	7,921	(3,387)	2006
Mountain View - PA	Walnutport	PA	—	3,207	7,182	—	1,518	3,207	8,700	11,907	(3,446)	2011
Timber Creek	Westerly	RI	—	12,618	8,489	—	2,284	12,618	10,773	23,391	(6,085)	2018
Carolina Landing	Fair Play	SC	—	457	1,078	6	2,504	463	3,582	4,045	(1,122)	2004
Inlet Oaks Village	Murrells Inlet	SC	—	1,546	4,642	—	631	1,546	5,273	6,819	(2,907)	2006
Myrtle Beach property	Myrtle Beach	SC	—	82,318	35,628	—	1,143	82,318	36,771	119,089	(8,024)	2021

				Initial Cost to ELS		Costs Capitalized Subsequent to Acquisition (Improvements)		Gross Amount Carried at 12/31/23
Real Estate (1)	Location		Encumbrances	Land	Depreciable Property	Land	Depreciable Property	Land	Depreciable Property	Total (3)	Accumulated Depreciation	Date of Acquisition
Rivers Edge Marina	North Charleston	SC	—	20,305	6,405	—	374	20,305	6,779	27,084	(1,125)	2021
The Oaks	Yemassee	SC	—	267	810	—	442	267	1,252	1,519	(617)	2006
Natchez Trace	Hohenwald	TN	—	533	1,257	7	3,199	540	4,456	4,996	(1,663)	2004
Cherokee Landing	Saulsbury	TN	—	118	279	2	332	120	611	731	(309)	2004
Alamo Palms	Alamo	TX	(3,410)	1,562	7,924	—	1,712	1,562	9,636	11,198	(3,700)	2012
Bay Landing	Bridgeport	TX	—	438	1,033	6	2,827	444	3,860	4,304	(1,399)	2004
Colorado River	Columbus	TX	—	466	1,099	6	7,100	472	8,199	8,671	(1,547)	2004
Victoria Palms	Donna	TX	(6,122)	2,849	12,305	—	8,148	2,849	20,453	23,302	(7,113)	2012
Lake Texoma	Gordonville	TX	—	488	1,151	6	10,067	494	11,218	11,712	(2,344)	2004
Lakewood	Harlingen	TX	—	325	979	—	1,361	325	2,340	2,665	(970)	2004
Paradise Park	Harlingen	TX	—	1,568	4,705	—	2,537	1,568	7,242	8,810	(3,863)	2004
Sunshine RV Resort	Harlingen	TX	—	1,494	4,484	—	3,208	1,494	7,692	9,186	(3,992)	2004
Tropic Winds	Harlingen	TX	—	1,221	3,809	—	1,703	1,221	5,512	6,733	(3,286)	2002
Medina Lake	Lakehills	TX	—	936	2,208	13	3,475	949	5,683	6,632	(2,441)	2004
Paradise South	Mercedes	TX	—	448	1,345	—	1,418	448	2,763	3,211	(1,271)	2004
Lake Conroe KOA	Montgomery	TX	—	2,699	8,430	(3)	677	2,696	9,107	11,803	(932)	2021
Lake Tawakoni	Point	TX	—	35	2,320	—	2,148	35	4,468	4,503	(2,019)	2004
Fun N Sun RV	San Benito	TX	—	2,533	5,560	412	8,606	2,945	14,166	17,111	(9,996)	1998
Country Sunshine	Weslaco	TX	—	627	1,881	—	2,144	627	4,025	4,652	(2,038)	2004
Leisure World	Weslaco	TX	—	957	2,575	—	980	957	3,555	4,512	(1,505)	2020
Southern Comfort	Weslaco	TX	(3,722)	1,108	3,323	—	1,280	1,108	4,603	5,711	(2,635)	2004
Trails End RV	Weslaco	TX	—	1,115	4,086	—	659	1,115	4,745	5,860	(2,132)	2020
Lake Whitney	Whitney	TX	—	679	1,602	10	2,813	689	4,415	5,104	(1,845)	2004
Lake Conroe	Willis	TX	—	1,363	3,214	18	23,347	1,381	26,561	27,942	(6,639)	2004
Westwood Village	Farr West	UT	—	1,346	4,179	—	3,318	1,346	7,497	8,843	(5,318)	1997
St George	Hurricane	UT	—	64	264	2	1,789	66	2,053	2,119	(496)	2010
All Seasons	Salt Lake City	UT	—	510	1,623	—	1,123	510	2,746	3,256	(1,896)	1997
Meadows of Chantilly	Chantilly	VA	(36,124)	5,430	16,440	—	9,149	5,430	25,589	31,019	(21,349)	1994
Harbor View	Colonial Beach	VA	—	64	202	—	1,123	64	1,325	1,389	(516)	2006
Lynchburg	Gladys	VA	—	266	627	3	1,091	269	1,718	1,987	(711)	2004
Chesapeake Bay	Gloucester	VA	—	1,230	2,900	16	7,556	1,246	10,456	11,702	(3,532)	2004
Bayport Development	Jamaica	VA	—	4,942	—	3,279	3,477	8,221	3,477	11,698	(177)	2020
Virginia Landing	Quinby	VA	—	602	1,419	8	629	610	2,048	2,658	(1,176)	2004
Grey's Point Camp	Topping	VA	(19,060)	33,492	17,104	—	4,664	33,492	21,768	55,260	(8,568)	2017
Bethpage Camp Resort	Urbanna	VA	(31,810)	45,415	38,149	—	27,187	45,415	65,336	110,751	(16,408)	2017

					Initial Cost to ELS				Costs Capitalized Subsequent to Acquisition (Improvements)				Gross Amount Carried at 12/31/23
Real Estate (1)	Location		Encumbrances		Land		Depreciable Property		Land		Depreciable Property		Land		Depreciable Property		Total (3)		Accumulated Depreciation		Date of Acquisition
Williamsburg	Williamsburg	VA	—		111		350		—		1,678		111		2,028		2,139		(545)		2006
Regency Lakes	Winchester	VA	(45,495)		9,757		19,055		—		2,696		9,757		21,751		31,508		(9,244)		2011
Birch Bay	Blaine	WA	—		502		1,185		7		1,438		509		2,623		3,132		(1,090)		2004
Mount Vernon	Bow	WA	—		621		1,464		8		3,541		629		5,005		5,634		(1,930)		2004
Chehalis	Chehalis	WA	—		590		1,392		8		4,684		598		6,076		6,674		(1,976)		2004
Grandy Creek	Concrete	WA	—		475		1,425		—		1,352		475		2,777		3,252		(1,116)		2008
Tall Chief	Fall City	WA	—		314		946		—		2,205		314		3,151		3,465		(947)		2010
Kloshe Illahee	Federal Way	WA	(16,682)		2,408		7,286		—		2,723		2,408		10,009		12,417		(7,053)		1997
La Conner	La Conner	WA	—		—		2,016		—		3,036		—		5,052		5,052		(2,625)		2004
Leavenworth	Leavenworth	WA	—		786		1,853		10		2,618		796		4,471		5,267		(1,892)		2004
Thunderbird Resort	Monroe	WA	—		500		1,178		6		3,215		506		4,393		4,899		(1,150)		2004
Little Diamond	Newport	WA	—		353		834		5		1,454		358		2,288		2,646		(1,126)		2004
Oceana	Oceana City	WA	—		283		668		4		913		287		1,581		1,868		(635)		2004
Crescent Bar	Quincy	WA	—		314		741		4		1,168		318		1,909		2,227		(868)		2004
Long Beach	Seaview	WA	—		321		758		5		2,690		326		3,448		3,774		(817)		2004
Paradise RV	Silver Creek	WA	—		466		1,099		6		4,732		472		5,831		6,303		(1,338)		2004
Rainbow Lake Manor	Bristol	WI	—		4,474		16,594		—		5,142		4,474		21,736		26,210		(6,921)		2013
Fremont Jellystone Park Campground	Fremont	WI	—		1,437		4,296		—		1,810		1,437		6,106		7,543		(3,535)		2004
Yukon Trails	Lyndon Station	WI	—		556		1,629		—		1,116		556		2,745		3,301		(1,290)		2004
Blackhawk Camping Resort	Milton	WI	—		1,789		7,613		—		3,721		1,789		11,334		13,123		(3,255)		2014
Lakeland	Milton	WI	—		3,159		13,830		—		2,671		3,159		16,501		19,660		(5,303)		2014
Westwood Estates	Pleasant Prairie	WI	(19,685)		5,382		19,732		—		3,124		5,382		22,856		28,238		(8,064)		2013
Plymouth Rock	Plymouth	WI	—		2,293		6,879		—		2,364		2,293		9,243		11,536		(4,083)		2009
Tranquil Timbers	Sturgeon Bay	WI	—		714		2,152		—		1,133		714		3,285		3,999		(1,670)		2006
Lake of the Woods RV	Wautoma	WI	—		1,333		2,238		—		510		1,333		2,748		4,081		(1,735)		2019
Neshonoc Lakeside	West Salem	WI	—		1,106		4,861		(1)		781		1,105		5,643		6,748		(1,959)		2013
Arrowhead	Wisconsin Dells	WI	—		522		1,616		1		1,310		523		2,926		3,449		(1,348)		2006
Subtotal of Properties Held for Long Term			(2,989,959)		1,970,254		3,390,953		115,357		1,795,848		2,085,611		5,186,802		7,272,413		(2,334,334)
Realty Systems, Inc.			—		—		—		—		361,596		—		361,596		361,596		(75,999)		2002
Management business and other			—		3,447		578		(401)		68,658		3,046		69,236		72,282		(38,543)
			$	(2,989,959)	$	1,973,701	$	3,391,531	$	114,956	$	2,226,102	$	2,088,657	$	5,617,634	$	7,706,291	$	(2,448,876)

_____________________

(1)The schedule excludes Properties in which we have a non-controlling joint venture interest and account for using the equity method of accounting.

(2)All Properties were acquired, except for The Crossing at Voyager and Country Place, which were constructed.

(3)Aggregate cost for federal income tax purposes is approximately $5.1 billion.

The following table presents the changes in gross investment in real estate:

(amounts in thousands)	2023		2022		2021
Balance, beginning of year	$	7,369,561	$	6,989,064	$	6,160,426
Acquisitions	10,057		141,588		635,984
Improvements	311,287		249,277		204,265
Manufactured homes, net	17,578		14,539		(7,193)
Dispositions and other	(2,192)		(24,907)		(4,418)
Balance, end of year	$	7,706,291	$	7,369,561	$	6,989,064

The following table presents the changes in accumulated depreciation related to investment in real estate:

(amounts in thousands)	2023		2022		2021
Balance, beginning of year	$	2,258,540	$	2,103,774	$	1,924,585
Depreciation and amortization	200,743		202,566		191,345
Dispositions and other	(10,407)		(47,800)		(12,156)
Balance, end of year	$	2,448,876	$	2,258,540	$	2,103,774