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Deposits - Restricted | 6 Months Ended
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Jun. 30, 2014
Deposits - Restricted [Abstract] |
Restricted Cash And Cash Equivalents Disclosure [Text Block] |
7. | Deposits – Restricted and Escrow Deposits – Mortgage
The following table presents the Company’s restricted deposits as of June 30, 2014 and December 31, 2013 (amounts in thousands):
|  | June 30, 2014 |  | December 31, 2013
Earnest money on pending acquisitions |  | $ | 830 |  |  | $ | 4,514 |
Restricted deposits on real estate investments |  | 36,476 |  |  | 53,771 |
Resident security and utility deposits |  | 46,597 |  |  | 44,777 |
Other |  | 505 |  |  | 505 |
Totals |  | $ | 84,408 |  |  | $ | 103,567 |
The following table presents the Company’s escrow deposits as of June 30, 2014 and December 31, 2013 (amounts in thousands):
|  | June 30, 2014 |  | December 31, 2013
Real estate taxes and insurance |  | $ | 3,500 |  |  | $ | 3,687 |
Replacement reserves |  | 3,469 |  |  | 4,229 |
Mortgage principal reserves/sinking funds |  | 37,448 |  |  | 33,868 |
Other |  | 852 |  |  | 852 |
Totals |  | $ | 45,269 |  |  | $ | 42,636 |

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- Definition The entire disclosure of the cash and cash items which are restricted as to withdrawal or usage. The provisions of any restrictions are described in a note to the financial statements. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. + References No definition available. + Details
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