v3.26.3
Reportable Segments - Schedule of Income from Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Rental income $ 344,305 $ 327,437 $ 1,013,781 $ 967,930
Other income 15,337 15,220 44,685 47,248
Total revenues 409,903 393,314 1,205,340 1,157,514
Expenses:        
Real estate taxes 22,075 20,585 66,001 64,073
Membership sales and marketing 4,817 4,199 13,205 12,192
Annual membership subscriptions        
Revenues:        
Contract revenue 19,509 17,868 56,627 51,112
Membership upgrade revenue        
Revenues:        
Contract revenue 3,120 3,120 9,360 9,292
Property management        
Expenses:        
Cost of ancillary services 21,355 20,277 61,871 61,430
Operating Segments        
Revenues:        
Total revenues 406,664 388,572 1,190,747 1,144,230
Expenses:        
Total expenses 208,738 202,964 599,819 585,333
NOI 197,926 185,608 590,928 558,897
Operating Segments | Property Operations        
Revenues:        
Rental income 340,296 323,827 1,002,081 957,387
Other income 15,337 15,220 44,685 47,248
Total revenues 392,000 373,340 1,149,191 1,100,807
Expenses:        
Utility expense 47,286 45,830 130,150 125,281
Payroll 33,184 32,502 94,560 92,588
Repairs and maintenance 28,188 26,710 83,462 79,094
Insurance and other 24,596 26,837 75,608 78,876
Real estate taxes 22,075 20,585 66,001 64,073
Membership sales and marketing 4,817 4,199 13,205 12,192
Ancillary operating expenses 5,782 5,610 16,807 16,041
Total expenses 194,569 189,338 559,896 546,985
NOI 197,431 184,002 589,295 553,822
Operating Segments | Property Operations | Annual membership subscriptions        
Revenues:        
Contract revenue 19,509 17,868 56,627 51,112
Operating Segments | Property Operations | Membership upgrade revenue        
Revenues:        
Contract revenue 3,120 3,120 9,360 9,292
Operating Segments | Property Operations | Gross revenues from ancillary services        
Revenues:        
Contract revenue 13,738 13,305 36,438 35,768
Expenses:        
Cost of ancillary services 7,286 6,788 18,232 17,410
Operating Segments | Property Operations | Property management        
Expenses:        
Cost of ancillary services 21,355 20,277 61,871 61,430
Operating Segments | Home Sales and Rentals Operations        
Revenues:        
Rental income 4,009 3,610 11,700 10,543
Total revenues 14,664 15,232 41,556 43,423
Expenses:        
Rental home operating and maintenance 1,643 1,364 4,424 3,815
Home selling expenses 1,796 1,576 5,212 4,301
Total expenses 14,169 13,626 39,923 38,348
NOI 495 1,606 1,633 5,075
Operating Segments | Home Sales and Rentals Operations | Home sales and brokered resales        
Revenues:        
Contract revenue 10,655 11,622 29,856 32,880
Expenses:        
Cost of ancillary services $ 10,730 $ 10,686 $ 30,287 $ 30,232