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Restricted Deposits
 9 Months Ended
Sep. 30, 2020
Deposits Restricted [Abstract]  
Restricted Deposits

7.

Restricted Deposits

The following table presents the Company’s restricted deposits as of September 30, 2020 and December 31, 2019 (amounts in thousands):

 

 

 

September 30, 2020

 

 

December 31, 2019

 

Mortgage escrow deposits:

 

 

 

 

 

 

 

 

Replacement reserves

 

$

9,558

 

 

$

8,543

 

Mortgage principal reserves/sinking funds

 

 

13,013

 

 

 

9,689

 

Mortgage escrow deposits

 

 

22,571

 

 

 

18,232

 

Restricted cash:

 

 

 

 

 

 

 

 

Tax-deferred (1031) exchange proceeds

 

 

—

 

 

 

14,232

 

Restricted deposits on real estate investments

 

 

722

 

 

 

658

 

Resident security and utility deposits

 

 

32,215

 

 

 

37,140

 

Other

 

 

1,373

 

 

 

984

 

Restricted cash

 

 

34,310

 

 

 

53,014

 

Restricted deposits

 

$

56,881

 

 

$

71,246