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Restricted Deposits
9 Months Ended
Sep. 30, 2019
Deposits Restricted [Abstract]  
Restricted Deposits

7.

Restricted Deposits

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

 

 

 

September 30, 2019

 

 

December 31, 2018

 

Mortgage escrow deposits:

 

 

 

 

 

 

 

 

Real estate taxes and insurance

 

$

 

 

$

876

 

Replacement reserves

 

 

8,523

 

 

 

8,641

 

Mortgage principal reserves/sinking funds

 

 

8,758

 

 

 

9,754

 

Other

 

 

 

 

 

852

 

Mortgage escrow deposits

 

 

17,281

 

 

 

20,123

 

Restricted cash:

 

 

 

 

 

 

 

 

Earnest money on pending acquisitions

 

 

 

 

 

5,000

 

Restricted deposits on real estate investments

 

 

665

 

 

 

540

 

Resident security and utility deposits

 

 

36,888

 

 

 

35,659

 

Other

 

 

985

 

 

 

7,549

 

Restricted cash

 

 

38,538

 

 

 

48,748

 

Restricted deposits

 

$

55,819

 

 

$

68,871