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Cash, Cash Equivalents, and Restricted Cash (Tables) | 12 Months Ended
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Dec. 31, 2022
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 consolidated balance sheets that sum to the total of such amounts shown in the consolidated statements of cash flows:
|  | December 31, 2022 |  |  |  | December 31, 2021 |  |
Cash and cash equivalents |  | $ | 262,870 |  |  |  |  | $ | 610,166 |  |  |
Restricted cash |  | 191,057 |  |  |  |  | 208,692 |  |  |
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows |  | $ | 453,927 |  |  |  |  | $ | 818,858 |  |  |
Schedule of Restricted Cash | The balances of our restricted cash accounts, as of December 31, 2022 and 2021, are set forth in the table below. As of December 31, 2022 and 2021, 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.
|  | December 31, 2022 |  | December 31, 2021
Resident security deposits |  | $ | 175,829 |  |  | $ | 165,454 |
Collections |  | 7,415 |  |  | 21,402 |
Property taxes |  | 2,717 |  |  | 12,615 |
Capital expenditures |  | 2,297 |  |  | 4,368 |
Letters of credit |  | 2,109 |  |  | 3,682 |
Special and other reserves |  | 690 |  |  | 1,171 |
Total |  | $ | 191,057 |  |  | $ | 208,692 |

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