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Restricted Deposits (Tables) | 9 Months Ended
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Sep. 30, 2024
Deposits Restricted [Abstract] |
Restricted Deposits | The following table presents the Company’s restricted deposits as of September 30, 2024 and December 31, 2023 (amounts in thousands):
|  | September 30, 2024 |  |  | December 31, 2023 |
Mortgage escrow deposits: |  |  |  |  |  |
Real estate taxes and insurance |  | $ | 456 |  |  | $ | 307 |
Mortgage principal reserves/sinking funds |  |  | 33,124 |  |  |  | 29,270 |
Mortgage escrow deposits |  |  | 33,580 |  |  |  | 29,577 |
Restricted cash: |  |  |  |  |  |
Earnest money on pending acquisitions |  |  | — |  |  |  | 524 |
Restricted deposits on real estate investments |  |  | 2,231 |  |  |  | 2,181 |
Resident security and utility deposits |  |  | 42,624 |  |  |  | 40,149 |
Replacement reserves |  |  | 17,439 |  |  |  | 15,571 |
Other |  |  | 2,075 |  |  |  | 1,250 |
Restricted cash |  |  | 64,369 |  |  |  | 59,675 |
Restricted deposits |  | $ | 97,949 |  |  | $ | 89,252 |

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- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 8 -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-8 + Details
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