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Restricted Deposits

9 Months Ended

Sep. 30, 2024

Deposits Restricted [Abstract]

Restricted Deposits

6.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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Deposits - restricted.

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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.

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No definition available.

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