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v3.19.3.a.u2

Restricted Deposits (Tables) | 12 Months Ended
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Dec. 31, 2019
Deposits Restricted [Abstract] |
Restricted Deposits | The following table presents the Company’s restricted deposits as of December 31, 2019 and 2018 (amounts in thousands):
|  | December 31, 2019 |  |  | December 31, 2018 |
Mortgage escrow deposits: |  |  |  |  |  |  |  |
Real estate taxes and insurance |  | $ | — |  |  | $ | 876 |
Replacement reserves |  |  | 8,543 |  |  |  | 8,641 |
Mortgage principal reserves/sinking funds |  |  | 9,689 |  |  |  | 9,754 |
Other |  |  | — |  |  |  | 852 |
Mortgage escrow deposits |  |  | 18,232 |  |  |  | 20,123 |
Restricted cash: |  |  |  |  |  |  |  |
Tax-deferred (1031) exchange proceeds |  |  | 14,232 |  |  |  | — |
Earnest money on pending acquisitions |  |  | — |  |  |  | 5,000 |
Restricted deposits on real estate investments |  |  | 658 |  |  |  | 540 |
Resident security and utility deposits |  |  | 37,140 |  |  |  | 35,659 |
Other |  |  | 984 |  |  |  | 7,549 |
Restricted cash |  |  | 53,014 |  |  |  | 48,748 |
Restricted deposits |  | $ | 71,246 |  |  | $ | 68,871 |

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