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Restricted Deposits (Tables)
 3 Months Ended
Mar. 31, 2021
Deposits Restricted [Abstract]  
Restricted Deposits

The following table presents the Company’s restricted deposits as of March 31, 2021 and December 31, 2020 (amounts in thousands):

 

 

 

March 31, 2021

 

 

December 31, 2020

 

Mortgage escrow deposits:

 

 

 

 

 

 

 

 

Replacement reserves

 

$

10,182

 

 

$

9,877

 

Mortgage principal reserves/sinking funds

 

 

15,360

 

 

 

14,168

 

Mortgage escrow deposits

 

 

25,542

 

 

 

24,045

 

Restricted cash:

 

 

 

 

 

 

 

 

Earnest money on pending acquisitions

 

 

3,500

 

 

 

—

 

Restricted deposits on real estate investments

 

 

302

 

 

 

307

 

Resident security and utility deposits

 

 

31,675

 

 

 

31,412

 

Other

 

 

1,364

 

 

 

1,373

 

Restricted cash

 

 

36,841

 

 

 

33,092

 

Restricted deposits

 

$

62,383

 

 

$

57,137