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Cash, Cash Equivalents, and Restricted Cash (Tables)

9 Months Ended

Sep. 30, 2020

Cash and Cash Equivalents [Abstract]

Schedule of cash and cash equivalents

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the condensed consolidated balance sheets that sum to the total of such amounts shown in the condensed consolidated statements of cash flows:

						September 30, 2020												December 31, 2019
Cash and cash equivalents						$	559,567											$	92,258
Restricted cash						249,341												193,987
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows						$	808,908											$	286,245

Schedule of restricted cash

The balances of our restricted cash accounts, as of September 30, 2020 and December 31, 2019, are set forth in the table below. As of September 30, 2020 and December 31, 2019, no amounts were funded to the insurance accounts as the conditions specified in the mortgage loan and Secured Term Loan agreements that require such funding did not exist.

						September 30, 2020						December 31, 2019
Resident security deposits						$	156,207					$	148,186
Property taxes						57,296						10,443
Collections						24,642						24,034
Capital expenditures						5,628						5,627
Letters of credit						3,319						3,459
Special and other reserves						2,249						2,238
Total						$	249,341					$	193,987

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Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage.

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