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Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Statement of Cash Flows [Abstract]        
Cash and cash equivalents $ 41,934 $ 27,920 $ 33,817  
Restricted cash 1,927 [1] 2,246 2,619 [1]  
Cash, cash equivalents, and restricted cash $ 43,861 [2] $ 30,166 $ 36,436 [2] $ 51,865
[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, 2024March 31, 2023
Cash and cash equivalents$41,934 $33,817 
Restricted cash (a)
1,927 2,619 
Cash, cash equivalents, and restricted cash$43,861 $36,436 
(a) Restricted cash represents amounts held by lenders for real estate taxes, insurance, and reserves for capital improvements.