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Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Cash Flows [Abstract]        
Cash and cash equivalents $ 27,920 $ 48,139    
Restricted cash [1] 2,246 3,726    
Cash, cash equivalents, and restricted cash [2] $ 30,166 $ 51,865 $ 40,443 $ 50,430
[1] Restricted cash represents amounts held by lenders for real estate taxes, insurance, and reserves for capital improvements.
[2] The following table sets forth the items from the Company's consolidated balance sheets that are included in cash, cash equivalents, and restricted cash in the consolidated statements of cash flows:
 As of December 31,
 20232022
Cash and cash equivalents$27,920 $48,139 
Restricted cash (a)
2,246 3,726 
Cash, cash equivalents, and restricted cash$30,166 $51,865 
(a) Restricted cash represents amounts held by lenders for real estate taxes, insurance, and reserves for capital improvements.