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Restricted Deposits (Tables)
12 Months Ended
Dec. 31, 2020
Deposits Restricted [Abstract]  
Restricted Deposits

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

 

 

 

December 31, 2020

 

 

December 31, 2019

 

Mortgage escrow deposits:

 

 

 

 

 

 

 

 

Replacement reserves

 

$

9,877

 

 

$

8,543

 

Mortgage principal reserves/sinking funds

 

 

14,168

 

 

 

9,689

 

Mortgage escrow deposits

 

 

24,045

 

 

 

18,232

 

Restricted cash:

 

 

 

 

 

 

 

 

Tax-deferred (1031) exchange proceeds

 

 

 

 

 

14,232

 

Restricted deposits on real estate investments

 

 

307

 

 

 

658

 

Resident security and utility deposits

 

 

31,412

 

 

 

37,140

 

Other

 

 

1,373

 

 

 

984

 

Restricted cash

 

 

33,092

 

 

 

53,014

 

Restricted deposits

 

$

57,137

 

 

$

71,246