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Restricted Deposits
 9 Months Ended
Sep. 30, 2021
Deposits Restricted [Abstract]  
Restricted Deposits

7.

Restricted Deposits

The following table presents the Company’s restricted deposits as of September 30, 2021 and December 31, 2020 (amounts in thousands):

 

 

 

September 30, 2021

 

 

December 31, 2020

 

Mortgage escrow deposits:

 

 

 

 

 

 

 

 

Replacement reserves

 

$

10,830

 

 

$

9,877

 

Mortgage principal reserves/sinking funds

 

 

17,828

 

 

 

14,168

 

Mortgage escrow deposits

 

 

28,658

 

 

 

24,045

 

Restricted cash:

 

 

 

 

 

 

 

 

Tax-deferred (1031) exchange proceeds

 

 

121,799

 

 

 

—

 

Restricted deposits on real estate investments

 

 

292

 

 

 

307

 

Resident security and utility deposits

 

 

34,459

 

 

 

31,412

 

Other

 

 

1,834

 

 

 

1,373

 

Restricted cash

 

 

158,384

 

 

 

33,092

 

Restricted deposits

 

$

187,042

 

 

$

57,137