Restricted Cash

6 Months Ended

Jun. 30, 2019

Cash And Cash Equivalents [Abstract]

Restricted Cash

NOTE 4 - RESTRICTED CASH

Restricted cash represents escrow deposits with lenders to be used to pay real estate taxes, insurance, and capital improvements. The following table presents a summary of the components of the Company's restricted cash:

	June 30, 2019		December 31, 2018
Real estate taxes	$	1,363,630	$	19,988
Insurance		191,133		150,263
Capital improvements		809,527		713,651
Total	$	2,364,290	$	883,902

In addition, the Company designated unrestricted cash for capital expenditures of approximately $11.6 million and $9.2 million at June 30, 2019 and December 31, 2018, respectively.