Condensed Consolidated Statements of Cash Flows - Footnotes (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019		Dec. 31, 2018	Mar. 31, 2018		Dec. 31, 2017
Cash and cash equivalents	$ 15,577		$ 21,254	$ 15,804
Restricted cash	3,382	[1]	2,797	3,502	[1]
Cash, cash equivalents, and restricted cash	18,959	[2]	$ 24,051	$ 19,306	[2]	$ 22,916
Annapolis Junction | The Residences at Annapolis Junction
Purchase option, selling price	$ 5,000

[1] Restricted cash represents amounts held by lenders for real estate taxes, insurance, and reserves for capital improvements.

[2] The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Condensed Consolidated Statements of Cash Flows (in thousands): March 31, 2019 March 31, 2018Cash and cash equivalents $15,577 $15,804Restricted cash (3) 3,382 3,502Cash, cash equivalents, and restricted cash $18,959 $19,306