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Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Dec. 31, 2021
Statement of Cash Flows [Abstract]        
Cash and cash equivalents $ 32,662 $ 48,139 $ 54,700  
Restricted cash 2,343 [1] 3,726 4,865 [1]  
Cash, cash equivalents, and restricted cash $ 35,005 [2] $ 51,865 $ 59,565 [2] $ 40,443
[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):
 September 30, 2023September 30, 2022
Cash and cash equivalents$32,662 $54,700 
Restricted cash (a)
2,343 4,865 
Cash, cash equivalents, and restricted cash$35,005 $59,565 
(a) Restricted cash represents amounts held by lenders for real estate taxes, insurance, and reserves for capital improvements.