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Restricted Deposits
9 Months Ended
Sep. 30, 2018
Deposits Restricted [Abstract]  
Restricted Deposits

7.

Restricted Deposits

The following table presents the Company’s restricted deposits as of September 30, 2018 and December 31, 2017 (amounts in thousands):

 

 

 

September 30, 2018

 

 

December 31, 2017

 

Mortgage escrow deposits:

 

 

 

 

 

 

 

 

Real estate taxes and insurance

 

$

600

 

 

$

845

 

Replacement reserves

 

 

8,478

 

 

 

8,347

 

Mortgage principal reserves/sinking funds

 

 

8,363

 

 

 

3,167

 

Other

 

 

852

 

 

 

852

 

Mortgage escrow deposits

 

 

18,293

 

 

 

13,211

 

Restricted cash:

 

 

 

 

 

 

 

 

Earnest money on pending acquisitions

 

 

 

 

 

750

 

Restricted deposits on real estate investments

 

 

538

 

 

 

58

 

Resident security and utility deposits

 

 

35,379

 

 

 

35,183

 

Other

 

 

1,545

 

 

 

913

 

Restricted cash

 

 

37,462

 

 

 

36,904

 

Restricted deposits

 

$

55,755

 

 

$

50,115