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Deposits – Restricted and Escrow Deposits – Mortgage (Tables) | 6 Months Ended
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Jun. 30, 2017
Deposits Restricted [Abstract] |
Restricted Deposits | The following table presents the Company’s restricted deposits as of June 30, 2017 and December 31, 2016 (amounts in thousands):
|  | June 30, 2017 |  |  | December 31, 2016 |
Tax-deferred (1031) exchange proceeds |  | $ | 217,235 |  |  | $ | 38,847 |
Restricted deposits on real estate investments |  |  | 87 |  |  |  | 733 |
Resident security and utility deposits |  |  | 36,146 |  |  |  | 37,007 |
Other |  |  | 910 |  |  |  | 359 |
Totals |  | $ | 254,378 |  |  | $ | 76,946 |
Escrow Deposits for Mortgages | The following table presents the Company’s escrow deposits for mortgages as of June 30, 2017 and December 31, 2016 (amounts in thousands):
|  | June 30, 2017 |  |  | December 31, 2016 |
Real estate taxes and insurance |  | $ | 1,103 |  |  | $ | 2,003 |
Replacement reserves |  |  | 7,536 |  |  |  | 3,428 |
Mortgage principal reserves/sinking funds |  |  | 11,525 |  |  |  | 58,652 |
Other |  |  | 852 |  |  |  | 852 |
Totals |  | $ | 21,016 |  |  | $ | 64,935 |

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- Definition Deposits - restricted. + References No definition available. + Details
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- Definition The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes, insurance and replacement reserve obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. + References No definition available. + Details
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- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586 + Details
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