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Restricted Cash
 9 Months Ended
Sep. 30, 2020
Cash And Cash Equivalents [Abstract]  
Restricted Cash

NOTE 4 - RESTRICTED CASH

Restricted cash represents escrow deposits with lenders to be used to pay real estate taxes, insurance, and capital improvements. A summary of the components of restricted cash follows (in thousands):

 

 

 

September 30, 2020

 

 

December 31, 2019

 

Real estate taxes

 

$

6,386

 

 

$

3,956

 

Insurance

 

 

637

 

 

 

877

 

Capital improvements

 

 

1,040

 

 

 

1,380

 

Other

 

 

401

 

 

 

321

 

 

 

$

8,464

 

 

$

6,534

 

 

 

 

 

 

 

 

 

 

Unrestricted cash designated for capital expenditures

 

$

14,468

 

 

$

21,706