v3.26.1
Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Financial Assets    
Total Notes and Other Receivables, net $ 282.4 $ 262.9
Collateralized receivables, net 39.2 43.2
Financial Liabilities    
Loan Amount 2,225.3 2,429.0
Secured borrowings on collateralized receivables 39.2 43.2
Mortgage loans payable 2,264.5 2,472.2
Senior unsecured notes 1,787.7 1,786.5
Total unsecured debt 1,787.7 1,786.5
Fair Value, Recurring | Carrying Value    
Financial Assets    
Collateralized receivables, net 39.2 43.2
Derivative assets 13.1 0.0
Total Assets Measured at Fair Value 253.7 226.9
Financial Liabilities    
Loan Amount 2,225.3 2,429.0
Secured borrowings on collateralized receivables 39.2 43.2
Mortgage loans payable 2,264.5 2,472.2
Senior unsecured notes 1,787.7 1,786.5
Total unsecured debt 1,787.7 1,786.5
Other financial liabilities (contingent consideration) 0.5 0.2
Total Liabilities Measured at Fair Value 4,052.7 4,258.9
Fair Value, Recurring | Carrying Value | Installment Notes Receivable on MH, net    
Financial Assets    
Total Notes and Other Receivables, net 150.5 139.2
Fair Value, Recurring | Carrying Value | Notes receivable from real estate operators    
Financial Assets    
Total Notes and Other Receivables, net 50.9 44.5
Fair Value, Recurring | Estimate of Fair Value Measurement    
Financial Assets    
Collateralized receivables, net 39.2 43.2
Derivative assets 13.1 0.0
Total Assets Measured at Fair Value 253.7 226.9
Financial Liabilities    
Loan Amount 2,042.1 2,193.0
Secured borrowings on collateralized receivables 39.2 43.2
Mortgage loans payable 2,081.3 2,236.2
Senior unsecured notes 1,657.1 1,655.1
Total unsecured debt 1,657.1 1,655.1
Other financial liabilities (contingent consideration) 0.5 0.2
Total Liabilities Measured at Fair Value 3,738.9 3,891.5
Fair Value, Recurring | Estimate of Fair Value Measurement | Installment Notes Receivable on MH, net    
Financial Assets    
Total Notes and Other Receivables, net 150.5 139.2
Fair Value, Recurring | Estimate of Fair Value Measurement | Notes receivable from real estate operators    
Financial Assets    
Total Notes and Other Receivables, net $ 50.9 $ 44.5