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Restricted Deposits
6 Months Ended
Jun. 30, 2019
Deposits Restricted [Abstract]  
Restricted Deposits

7.

Restricted Deposits

The following table presents the Company’s restricted deposits as of June 30, 2019 and December 31, 2018 (amounts in thousands):

 

 

 

June 30, 2019

 

 

December 31, 2018

 

Mortgage escrow deposits:

 

 

 

 

 

 

 

 

Real estate taxes and insurance

 

$

1,181

 

 

$

876

 

Replacement reserves

 

 

8,599

 

 

 

8,641

 

Mortgage principal reserves/sinking funds

 

 

7,898

 

 

 

9,754

 

Other

 

 

852

 

 

 

852

 

Mortgage escrow deposits

 

 

18,530

 

 

 

20,123

 

Restricted cash:

 

 

 

 

 

 

 

 

Earnest money on pending acquisitions

 

 

1,000

 

 

 

5,000

 

Restricted deposits on real estate investments

 

 

1,493

 

 

 

540

 

Resident security and utility deposits

 

 

36,192

 

 

 

35,659

 

Other

 

 

980

 

 

 

7,549

 

Restricted cash

 

 

39,665

 

 

 

48,748

 

Restricted deposits

 

$

58,195

 

 

$

68,871