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Restricted Deposits | 3 Months Ended
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Mar. 31, 2024
Deposits Restricted [Abstract] |
Restricted Deposits | 6. Restricted Deposits The following table presents the Company’s restricted deposits as of March 31, 2024 and December 31, 2023 (amounts in thousands):
|  | March 31, 2024 |  |  | December 31, 2023 |
Mortgage escrow deposits: |  |  |  |  |  |
Real estate taxes and insurance |  | $ | 510 |  |  | $ | 307 |
Mortgage principal reserves/sinking funds |  |  | 31,203 |  |  |  | 29,270 |
Mortgage escrow deposits |  |  | 31,713 |  |  |  | 29,577 |
Restricted cash: |  |  |  |  |  |
Tax-deferred (1031) exchange proceeds |  |  | 59,310 |  |  |  | — |
Earnest money on pending acquisitions |  |  | 500 |  |  |  | 524 |
Restricted deposits on real estate investments |  |  | 2,199 |  |  |  | 2,181 |
Resident security and utility deposits |  |  | 40,638 |  |  |  | 40,149 |
Replacement reserves |  |  | 16,342 |  |  |  | 15,571 |
Other |  |  | 1,323 |  |  |  | 1,250 |
Restricted cash |  |  | 120,312 |  |  |  | 59,675 |
Restricted deposits |  | $ | 152,025 |  |  | $ | 89,252 |

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- Definition Deposits - restricted. + References No definition available. + Details
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- Definition The entire disclosure for assets that are restricted in their use, generally by contractual agreements or regulatory requirements. This would include, but not limited to, a description of the restricted assets and the terms of the restriction. + References No definition available. + Details
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