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Restricted Deposits
 12 Months Ended
Dec. 31, 2021
Deposits Restricted [Abstract]  
Restricted Deposits

7.

Restricted Deposits

The following table presents the Company’s restricted deposits as of December 31, 2021 and 2020 (amounts in thousands):

 

 

 

December 31, 2021

 

 

December 31, 2020

 

Mortgage escrow deposits:

 

 

 

 

 

 

 

 

Replacement reserves

 

$

11,156

 

 

$

9,877

 

Mortgage principal reserves/sinking funds

 

 

19,104

 

 

 

14,168

 

Mortgage escrow deposits

 

 

30,260

 

 

 

24,045

 

Restricted cash:

 

 

 

 

 

 

 

 

Tax-deferred (1031) exchange proceeds

 

 

166,362

 

 

 

—

 

Earnest money on pending acquisitions

 

 

2,000

 

 

 

—

 

Restricted deposits on real estate investments

 

 

284

 

 

 

307

 

Resident security and utility deposits

 

 

35,663

 

 

 

31,412

 

Other

 

 

1,835

 

 

 

1,373

 

Restricted cash

 

 

206,144

 

 

 

33,092

 

Restricted deposits

 

$

236,404

 

 

$

57,137