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Restricted Deposits
9 Months Ended
Sep. 30, 2025
Deposits Restricted [Abstract]  
Restricted Deposits
6.
Restricted Deposits

The following table presents the Company’s restricted deposits as of September 30, 2025 and December 31, 2024 (amounts in thousands):

 

 

 

September 30, 2025

 

 

December 31, 2024

 

Mortgage escrow deposits:

 

 

 

 

 

 

Real estate taxes and insurance

 

$

410

 

 

$

217

 

Mortgage principal reserves/sinking funds

 

 

34,941

 

 

 

31,208

 

Mortgage escrow deposits

 

 

35,351

 

 

 

31,425

 

Restricted cash:

 

 

 

 

 

 

Tax-deferred (1031) exchange proceeds

 

 

5,598

 

 

 

 

Restricted deposits on real estate investments

 

 

2,196

 

 

 

2,143

 

Resident security and utility deposits

 

 

48,463

 

 

 

44,287

 

Replacement reserves

 

 

12,364

 

 

 

17,914

 

Other

 

 

2,438

 

 

 

2,095

 

Restricted cash

 

 

71,059

 

 

 

66,439

 

Restricted deposits

 

$

106,410

 

 

$

97,864