Cash, Cash Equivalents, and Restricted Cash (Tables)

6 Months Ended

Jun. 30, 2024

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the condensed consolidated balance sheets that sum to the total of such amounts shown in the condensed consolidated statements of cash flows:

	June 30, 2024		December 31, 2023
Cash and cash equivalents	$	749,398	$	700,618
Restricted cash	213,780		196,866
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows	$	963,178	$	897,484

Schedule of Restricted Cash

The balances of our restricted cash accounts, as of June 30, 2024 and December 31, 2023, are set forth in the table below. As of June 30, 2024 and December 31, 2023, no amounts were funded to the insurance accounts as the conditions specified in the mortgage loan and Secured Term Loan agreements that require such funding did not exist.

	June 30, 2024		December 31, 2023
Resident security deposits	$	183,139	$	181,097
Property taxes	15,286		2,014
Collections	9,811		8,278
Letters of credit	2,556		2,489
Capital expenditures	2,297		2,297
Special and other reserves	691		691
Total	$	213,780	$	196,866