Restricted Deposits

12 Months Ended

Dec. 31, 2022

Deposits Restricted [Abstract]

Restricted Deposits

7.Restricted Deposits

The following table presents the Company’s restricted deposits as of December 31, 2022 and 2021 (amounts in thousands):

	December 31, 2022		December 31, 2021
Mortgage escrow deposits:
Replacement reserves	$	12,549	$	11,156
Mortgage principal reserves/sinking funds		25,304		19,104
Mortgage escrow deposits		37,853		30,260
Restricted cash:
Tax-deferred (1031) exchange proceeds		—		166,362
Earnest money on pending acquisitions		4,500		2,000
Restricted deposits on real estate investments		229		284
Resident security and utility deposits		38,432		35,663
Other		2,289		1,835
Restricted cash		45,450		206,144
Restricted deposits	$	83,303	$	236,404