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Cash, Cash Equivalents, and Restricted Cash (Tables) | 3 Months Ended
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Mar. 31, 2024
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:
|  | March 31, 2024 |  |  |  | December 31, 2023 |  |
Cash and cash equivalents |  | $ | 738,125 |  |  |  |  | $ | 700,618 |  |  |
Restricted cash |  | 209,281 |  |  |  |  | 196,866 |  |  |
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows |  | $ | 947,406 |  |  |  |  | $ | 897,484 |  |  |
Schedule of Restricted Cash | The balances of our restricted cash accounts, as of March 31, 2024 and December 31, 2023, are set forth in the table below. As of March 31, 2024 and December 31, 2023, 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.
|  | March 31, 2024 |  | December 31, 2023
Resident security deposits |  | $ | 180,525 |  |  | $ | 181,097 |
Collections |  | 12,962 |  |  | 8,278 |
Property taxes |  | 10,284 |  |  | 2,014 |
Letters of credit |  | 2,522 |  |  | 2,489 |
Capital expenditures |  | 2,297 |  |  | 2,297 |
Special and other reserves |  | 691 |  |  | 691 |
Total |  | $ | 209,281 |  |  | $ | 196,866 |

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