Deposits - Restricted

6 Months Ended

Jun. 30, 2016

Deposits - Restricted [Abstract]

Restricted Assets Disclosure [Text Block]

7. Deposits – Restricted and Escrow Deposits – Mortgage

The following table presents the Company’s restricted deposits as of June 30, 2016 and December 31, 2015 (amounts in thousands):

	June 30, 2016		December 31, 2015
Tax-deferred (1031) exchange proceeds	$	34,032	$	—
Earnest money on pending acquisitions	—		1,000
Restricted deposits on real estate investments	3,860		6,077
Resident security and utility deposits	39,336		48,458
Other	359		358
Totals	$	77,587	$	55,893

The following table presents the Company’s escrow deposits as of June 30, 2016 and December 31, 2015 (amounts in thousands):

	June 30, 2016		December 31, 2015
Real estate taxes and insurance	$	2,817	$	1,977
Replacement reserves	3,916		3,962
Mortgage principal reserves/sinking funds	54,126		50,155
Other	852		852
Totals	$	61,711	$	56,946