Restricted Deposits

3 Months Ended

Mar. 31, 2024

Deposits Restricted [Abstract]

Restricted Deposits

6.Restricted Deposits

The following table presents the Company’s restricted deposits as of March 31, 2024 and December 31, 2023 (amounts in thousands):

	March 31, 2024		December 31, 2023
Mortgage escrow deposits:
Real estate taxes and insurance	$	510	$	307
Mortgage principal reserves/sinking funds		31,203		29,270
Mortgage escrow deposits		31,713		29,577
Restricted cash:
Tax-deferred (1031) exchange proceeds		59,310		—
Earnest money on pending acquisitions		500		524
Restricted deposits on real estate investments		2,199		2,181
Resident security and utility deposits		40,638		40,149
Replacement reserves		16,342		15,571
Other		1,323		1,250
Restricted cash		120,312		59,675
Restricted deposits	$	152,025	$	89,252