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Restricted Deposits (Tables) | 12 Months Ended
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Dec. 31, 2022
Deposits Restricted [Abstract] |
Restricted Deposits | The following table presents the Company’s restricted deposits as of December 31, 2022 and 2021 (amounts in thousands):
|  | December 31, 2022 |  |  | December 31, 2021 |
Mortgage escrow deposits: |  |  |  |  |  |
Replacement reserves |  | $ | 12,549 |  |  | $ | 11,156 |
Mortgage principal reserves/sinking funds |  |  | 25,304 |  |  |  | 19,104 |
Mortgage escrow deposits |  |  | 37,853 |  |  |  | 30,260 |
Restricted cash: |  |  |  |  |  |
Tax-deferred (1031) exchange proceeds |  |  | — |  |  |  | 166,362 |
Earnest money on pending acquisitions |  |  | 4,500 |  |  |  | 2,000 |
Restricted deposits on real estate investments |  |  | 229 |  |  |  | 284 |
Resident security and utility deposits |  |  | 38,432 |  |  |  | 35,663 |
Other |  |  | 2,289 |  |  |  | 1,835 |
Restricted cash |  |  | 45,450 |  |  |  | 206,144 |
Restricted deposits |  | $ | 83,303 |  |  | $ | 236,404 |

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- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126999549&loc=SL98516268-108586 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
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