Restricted Deposits

12 Months Ended

Dec. 31, 2019

Deposits Restricted [Abstract]

Restricted Deposits

7. Restricted Deposits

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

	December 31, 2019		December 31, 2018
Mortgage escrow deposits:
Real estate taxes and insurance	$	—	$	876
Replacement reserves		8,543		8,641
Mortgage principal reserves/sinking funds		9,689		9,754
Other		—		852
Mortgage escrow deposits		18,232		20,123
Restricted cash:
Tax-deferred (1031) exchange proceeds		14,232		—
Earnest money on pending acquisitions		—		5,000
Restricted deposits on real estate investments		658		540
Resident security and utility deposits		37,140		35,659
Other		984		7,549
Restricted cash		53,014		48,748
Restricted deposits	$	71,246	$	68,871