What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2025-02-25 compared with 2024-02-22 · 21 added, 24 removed, 510 unchanged (8% of the section changed)

29 unchanged sentences

Bulow Plantation Flagler Beach FL MH 323 90 276 276 98.9%

Bulow RV Flagler Beach FL RV (g) 91 352 123 100.0%

Bulow RV Flagler Beach FL RV (f) 91 352 88 100.0%

Carefree Cove Fort Lauderdale FL MH 20 — 164 164 93.3%

2 unchanged sentences

Sunshine Holiday MH Fort Lauderdale FL MH 32 — 245 245 97.1%

Sunshine Holiday RV Fort Lauderdale FL RV (g) — 130 47 100.0%

Sunshine Holiday RV Fort Lauderdale FL RV (e) — 130 50 100.0%

Hollywood Marina Hollywood FL Marina 9 — 190 167 100.0%

32 unchanged sentences

Heron Cay Vero Beach FL MH 130 — 588 588 93.9%

Holiday Village, Florida Vero Beach FL MH 18 — 128 128 —%

Holiday Village, Florida (c) Vero Beach FL MH 18 — 128 128 —%

Sunshine Travel-Vero Beach Vero Beach FL RV 33 3 323 139 100.0%

37 unchanged sentences

Winter Garden Winter Garden FL RV 27 — 350 123 100.0%

Gulf Coast (Tampa/Naples):

Riverside RV Resort Arcadia FL RV 499 208 548 237 100.0%

20 unchanged sentences

Colony Cove Ellenton FL MH 543 5 2,405 2,405 94.1%

The Oaks at Colony Cove Ellenton FL MH (g) — 93 93 94.6%

The Oaks at Colony Cove Ellenton FL MH (f) — 93 93 98.9%

Ridgewood Estates Ellenton FL MH 77 — 380 380 99.7%

30 unchanged sentences

Terra Ceia Palmetto FL RV 50 — 391 162 100.0%

Arbors at Countrywood Plant City FL MH (g) — 62 62 59.7%

Arbors at Countrywood (d) Plant City FL MH (f) — — — —%

Lakes at Countrywood Plant City FL MH 122 10 424 424 97.4%

35 unchanged sentences

Ponderosa Resort Lotus CA RV 22 — 170 3 100.0%

Turtle Beach (i) Manteca CA RV 39 — 79 — —%

Turtle Beach Manteca CA RV 39 — 79 11 100.0%

Marina Dunes RV Resort (d) Marina CA RV 6 — 96 — —%

4 unchanged sentences

Concord Cascade Pacheco CA MH 31 — 283 283 100.0%

San Francisco RV Pacifica CA RV 12 — 122 1 100.0%

San Francisco RV (d) Pacifica CA RV 12 — 122 — —%

Property City State Property Type Acres (a)

9 unchanged sentences

Royal Oaks Visalia CA MH 20 — 149 149 98.0%

Pilot Knob RV Resort (d) Winterhaven CA RV 23 — 247 — —%

Pilot Knob RV Resort Winterhaven CA RV 23 — 247 9 100.0%

Southern California:

2 unchanged sentences

Date Palm Country Club (e) Cathedral City CA MH 232 3 538 538 98.3%

Palm Springs Oasis RV Resort Cathedral City CA RV (g) — 140 31 100.0%

Palm Springs Oasis RV Resort Cathedral City CA RV (f) — 140 27 100.0%

Oakzanita Springs Descanso CA RV 145 5 146 21 100.0%

11 unchanged sentences

Parque La Quinta Rialto CA MH 19 — 166 166 98.2%

Rancho Oso (i) Santa Barbara CA RV 310 40 187 — —%

Rancho Oso (h) Santa Barbara CA RV 310 40 187 — —%

Meadowbrook Santee CA MH 43 — 338 338 100.0%

39 unchanged sentences

Voyager RV Resort Tucson AZ RV 35 — 1,801 1,117 100.0%

The Crossing at Voyager (d) Tucson AZ RV 64 18 154 — —%

The Crossing at Voyager (c) Tucson AZ MH 64 18 154 154 0.6%

Westpark Wickenburg AZ MH 48 — 269 269 86.6%

16 unchanged sentences

Golden Terrace South Golden CO MH 15 — 80 80 100.0%

Golden Terrace South RV (d) Golden CO RV (g) — 80 — —%

Golden Terrace South RV (d) Golden CO RV (f) — 80 — —%

Golden Terrace West Golden CO MH 39 — 311 311 99.0%

35 unchanged sentences

Pine Haven Ocean View NJ RV 97 — 629 534 100.0%

Red Oak Shores (f) Ocean View NJ RV 155 — 223 205 100.0%

Red Oak Shores Ocean View NJ RV 155 223 192 100.0%

Chestnut Lake Port Republic NJ RV 32 — 185 45 100.0%

50 unchanged sentences

Inlet Oaks Village Murrells Inlet SC MH 35 — 172 172 99.4%

Myrtle Beach Property (h) Myrtle Beach SC RV 80 — 813 — —%

Carolina Shores RV (g) Myrtle Beach SC RV 80 — 813 — —%

Rivers Edge Marina North Charleston SC Marina 4 — 503 421 100.0%

13 unchanged sentences

Total Southeast Market 6,828 1,568 13,328 8,184 99.8%

Midwest Market:

O'Connell's Yogi Bear RV Resort Amboy IL RV 286 77 812 442 100.0%

50 unchanged sentences

All Seasons Salt Lake City UT MH 19 — 121 121 100.0%

Total Nevada, Utah and Idaho 473 — 3,314 2,966 92.0%

Total Nevada, Utah and Idaho Market 473 — 3,314 2,952 92.9%

Cultus Lake (Canada) (e) Lindell Beach BC RV 15 — 178 37 100.0%

24 unchanged sentences

Paradise RV Silver Creek WA RV 60 — 265 3 100.0%

Total Northwest 2,572 296 6,457 1,672 99.6%

Total Northwest Market 2,572 296 6,457 1,634 99.3%

Alamo Palms Alamo TX RV 58 — 643 295 100.0%

19 unchanged sentences

Lake Conroe Willis TX RV 129 — 705 330 100.0%

Lake Conroe RV Resort (d) Montgomery TX RV 130 — 261 — —%

Total Texas 2,859 668 10,465 3,921 100.0%

Lake Conroe RV Resort Montgomery TX RV 130 — 261 31 100.0%

Total Texas Market 2,859 668 10,465 3,927 100.0%

Grand Total All Markets 43,996 6,301 169,431 118,666 96.3%

9 unchanged sentences

Financial Statements and Supplementary Data—Note 3.

(f) Property acquired in 2023.

(g) Acres for this community have been included in the acres of the adjacent community listed directly above this Property.

(h) RV community operated by a tenant pursuant to an existing ground lease.

(i) Property was closed temporarily due to storm and flooding events in 2023.

(f) Acres for this community have been included in the acres of the adjacent community listed directly above this Property.

(g) RV community operated by a tenant pursuant to an existing ground lease.

(h) Property is closed temporarily due to storm and flooding events in 2023.

Legal Proceedings

4 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties