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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Schedule of Cash, Cash Equivalents and Restricted Cash Cash, cash equivalents and restricted cash consisted of the following (in thousands):

 

 

March 31,

2020

 

 

December 31,

2019

 

 

March 31,

2019

 

Cash and cash equivalents

 

$

216,692

 

 

$

14,492

 

 

$

9,376

 

Restricted cash:

 

 

 

 

 

 

 

 

 

 

 

 

Collateral deposits (1)

 

 

381

 

 

 

347

 

 

 

401

 

Tenant improvements, repairs and leasing commissions (2)

 

 

11,324

 

 

 

10,877

 

 

 

9,539

 

Master Trust Release (3)

 

 

 

 

 

 

 

 

7,413

 

Other (4)

 

 

 

 

 

307

 

 

 

1,163

 

Total cash, cash equivalents and restricted cash

 

$

228,397

 

 

$

26,023

 

 

$

27,892

 

(1) Funds held in lender-controlled accounts generally used to meet future debt service or certain property operating expenses.

(2)

Deposits held as additional collateral support by lenders to fund improvements, repairs and leasing commissions incurred to secure a new tenant.

(3)

Proceeds from the sale of assets pledged as collateral under the Master Trust 2013 notes, which were held on deposit until a qualifying substitution was made or the funds were applied as prepayment of principal. The Master Trust 2013 notes were extinguished in June 2019.

(4)

Funds held in lender-controlled accounts released after scheduled debt service requirements are met.