Restricted Deposits

9 Months Ended

Sep. 30, 2022

Deposits Restricted [Abstract]

Restricted Deposits

7.Restricted Deposits

The following table presents the Company’s restricted deposits as of September 30, 2022 and December 31, 2021 (amounts in thousands):

	September 30, 2022		December 31, 2021
Mortgage escrow deposits:
Replacement reserves	$	12,213	$	11,156
Mortgage principal reserves/sinking funds		23,484		19,104
Mortgage escrow deposits		35,697		30,260
Restricted cash:
Tax-deferred (1031) exchange proceeds		—		166,362
Earnest money on pending acquisitions		—		2,000
Restricted deposits on real estate investments		235		284
Resident security and utility deposits		38,458		35,663
Other		2,289		1,835
Restricted cash		40,982		206,144
Restricted deposits	$	76,679	$	236,404