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Restricted Deposits | 12 Months Ended
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Dec. 31, 2017
Deposits Restricted [Abstract] |
Restricted Deposits |
7. | Restricted Deposits
The following table presents the Company’s restricted deposits as of December 31, 2017 and 2016 (amounts in thousands):
|  | December 31, 2017 |  |  | December 31, 2016 |
Mortgage escrow deposits: |  |  |  |  |  |  |  |
Real estate taxes and insurance |  | $ | 845 |  |  | $ | 2,003 |
Replacement reserves |  |  | 8,347 |  |  |  | 3,428 |
Mortgage principal reserves/sinking funds |  |  | 3,167 |  |  |  | 58,652 |
Other |  |  | 852 |  |  |  | 852 |
Mortgage escrow deposits |  |  | 13,211 |  |  |  | 64,935 |
Restricted cash: |  |  |  |  |  |  |  |
Tax-deferred (1031) exchange proceeds |  |  | — |  |  |  | 38,847 |
Earnest money on pending acquisitions |  |  | 750 |  |  |  | — |
Restricted deposits on real estate investments |  |  | 58 |  |  |  | 733 |
Resident security and utility deposits |  |  | 35,183 |  |  |  | 37,007 |
Other |  |  | 913 |  |  |  | 359 |
Restricted cash |  |  | 36,904 |  |  |  | 76,946 |
Restricted deposits |  | $ | 50,115 |  |  | $ | 141,881 |
During the year ended December 31, 2017, the Company received approximately $60.5 million from the return of various mortgage principal reserves/sinking funds on certain tax-exempt mortgage bond deals.

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- Definition Deposits - restricted. + References No definition available. + Details
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- Definition The entire disclosure for assets that are restricted in their use, generally by contractual agreements or regulatory requirements. This would include, but not limited to, a description of the restricted assets and the terms of the restriction. + References No definition available. + Details
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