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Restricted Deposits (Tables) | 9 Months Ended
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Sep. 30, 2021
Deposits Restricted [Abstract] |
Restricted Deposits | The following table presents the Company’s restricted deposits as of September 30, 2021 and December 31, 2020 (amounts in thousands):
|  | September 30, 2021 |  |  | December 31, 2020 |
Mortgage escrow deposits: |  |  |  |  |  |  |  |
Replacement reserves |  | $ | 10,830 |  |  | $ | 9,877 |
Mortgage principal reserves/sinking funds |  |  | 17,828 |  |  |  | 14,168 |
Mortgage escrow deposits |  |  | 28,658 |  |  |  | 24,045 |
Restricted cash: |  |  |  |  |  |  |  |
Tax-deferred (1031) exchange proceeds |  |  | 121,799 |  |  |  | — |
Restricted deposits on real estate investments |  |  | 292 |  |  |  | 307 |
Resident security and utility deposits |  |  | 34,459 |  |  |  | 31,412 |
Other |  |  | 1,834 |  |  |  | 1,373 |
Restricted cash |  |  | 158,384 |  |  |  | 33,092 |
Restricted deposits |  | $ | 187,042 |  |  | $ | 57,137 |

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