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v3.23.1

Restricted Deposits (Tables) | 3 Months Ended
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Mar. 31, 2023
Deposits Restricted [Abstract] |
Restricted Deposits | The following table presents the Company’s restricted deposits as of March 31, 2023 and December 31, 2022 (amounts in thousands):
|  | March 31, 2023 |  |  | December 31, 2022 |
Mortgage escrow deposits: |  |  |  |  |  |
Replacement reserves |  | $ | 12,960 |  |  | $ | 12,549 |
Mortgage principal reserves/sinking funds |  |  | 27,017 |  |  |  | 25,304 |
Mortgage escrow deposits |  |  | 39,977 |  |  |  | 37,853 |
Restricted cash: |  |  |  |  |  |
Earnest money on pending acquisitions |  |  | 4,500 |  |  |  | 4,500 |
Restricted deposits on real estate investments |  |  | 226 |  |  |  | 229 |
Resident security and utility deposits |  |  | 38,640 |  |  |  | 38,432 |
Other |  |  | 2,282 |  |  |  | 2,289 |
Restricted cash |  |  | 45,648 |  |  |  | 45,450 |
Restricted deposits |  | $ | 85,625 |  |  | $ | 83,303 |

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