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Restricted Deposits
3 Months Ended
Mar. 31, 2025
Deposits Restricted [Abstract]  
Restricted Deposits
6.
Restricted Deposits

The following table presents the Company’s restricted deposits as of March 31, 2025 and December 31, 2024 (amounts in thousands):

 

 

 

March 31, 2025

 

 

December 31, 2024

 

Mortgage escrow deposits:

 

 

 

 

 

 

Real estate taxes and insurance

 

$

410

 

 

$

217

 

Mortgage principal reserves/sinking funds

 

 

33,314

 

 

 

31,208

 

Mortgage escrow deposits

 

 

33,724

 

 

 

31,425

 

Restricted cash:

 

 

 

 

 

 

Restricted deposits on real estate investments

 

 

2,159

 

 

 

2,143

 

Resident security and utility deposits

 

 

45,242

 

 

 

44,287

 

Replacement reserves

 

 

18,699

 

 

 

17,914

 

Other

 

 

1,870

 

 

 

2,095

 

Restricted cash

 

 

67,970

 

 

 

66,439

 

Restricted deposits

 

$

101,694

 

 

$

97,864