Deposits - Restricted

12 Months Ended

Dec. 31, 2016

Deposits - Restricted [Abstract]

Restricted Assets Disclosure [Text Block]

7. Deposits –Restricted and Escrow Deposits – Mortgage

The following table presents the Company’s restricted deposits as of December 31, 2016 and 2015 (amounts in thousands):

	December 31, 2016		December 31, 2015
Tax-deferred (1031) exchange proceeds	$	38,847	$	—
Earnest money on pending acquisitions	—		1,000
Restricted deposits on real estate investments	733		6,077
Resident security and utility deposits	37,007		48,458
Other	359		358
Totals	$	76,946	$	55,893

The following table presents the Company’s escrow deposits as of December 31, 2016 and 2015 (amounts in thousands):

	December 31, 2016		December 31, 2015
Real estate taxes and insurance	$	2,003	$	1,977
Replacement reserves	3,428		3,962
Mortgage principal reserves/sinking funds	58,652		50,155
Other	852		852
Totals	$	64,935	$	56,946