Cash, Cash Equivalents and Restricted Cash

6 Months Ended

Jun. 30, 2019

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

Restricted cash primarily consists of funds held related to resident security deposits, cash reserves in accordance with certain loan agreements and funds held in the custody of our transfer agent for the payment of distributions. Funds held related to resident security deposits are restricted during the term of the related lease agreement, which is generally one year. Cash reserved in connection with lender requirements is restricted during the term of the related debt instrument.

The following table provides a reconciliation of cash, cash equivalents and restricted cash per the Company’s and the Operating Partnership’s condensed consolidated statements of cash flows to the corresponding financial statement line items in the condensed consolidated balance sheets (in thousands):



	June 30,				December 31,
	2019		2018		2018		2017
Cash and cash equivalents	$	119,176	$	53,504	$	30,284	$	46,156
Restricted cash	165,734		159,010		144,930		136,667
Total cash, cash equivalents and restricted cash	$	284,910	$	212,514	$	175,214	$	182,823