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Restricted Deposits (Tables)
 12 Months Ended
Dec. 31, 2024
Deposits Restricted [Abstract]  
Restricted Deposits

The following table presents the Company’s restricted deposits as of December 31, 2024 and 2023 (amounts in thousands):

 

 

December 31, 2024

 

 

December 31, 2023

 

Mortgage escrow deposits:

 

 

 

 

 

 

Real estate taxes and insurance

 

$

217

 

 

$

307

 

Mortgage principal reserves/sinking funds

 

 

31,208

 

 

 

29,270

 

Mortgage escrow deposits

 

 

31,425

 

 

 

29,577

 

Restricted cash:

 

 

 

 

 

 

Earnest money on pending acquisitions

 

 

—

 

 

 

524

 

Restricted deposits on real estate investments

 

 

2,143

 

 

 

2,181

 

Resident security and utility deposits

 

 

44,287

 

 

 

40,149

 

Replacement reserves

 

 

17,914

 

 

 

15,571

 

Other

 

 

2,095

 

 

 

1,250

 

Restricted cash

 

 

66,439

 

 

 

59,675

 

Restricted deposits

 

$

97,864

 

 

$

89,252