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Restricted Deposits (Tables)
 3 Months Ended
Mar. 31, 2022
Deposits Restricted [Abstract]  
Restricted Deposits

The following table presents the Company’s restricted deposits as of March 31, 2022 and December 31, 2021 (amounts in thousands):

 

 

 

March 31, 2022

 

 

December 31, 2021

 

Mortgage escrow deposits:

 

 

 

 

 

 

 

 

Replacement reserves

 

$

11,489

 

 

$

11,156

 

Mortgage principal reserves/sinking funds

 

 

20,409

 

 

 

19,104

 

Mortgage escrow deposits

 

 

31,898

 

 

 

30,260

 

Restricted cash:

 

 

 

 

 

 

 

 

Tax-deferred (1031) exchange proceeds

 

 

—

 

 

 

166,362

 

Earnest money on pending acquisitions

 

 

—

 

 

 

2,000

 

Restricted deposits on real estate investments

 

 

279

 

 

 

284

 

Resident security and utility deposits

 

 

36,559

 

 

 

35,663

 

Other

 

 

1,824

 

 

 

1,835

 

Restricted cash

 

 

38,662

 

 

 

206,144

 

Restricted deposits

 

$

70,560

 

 

$

236,404