Quarterly report pursuant to Section 13 or 15(d)

Cash and Restricted Cash

v3.10.0.1
Cash and Restricted Cash
9 Months Ended
Sep. 30, 2018
Cash And Cash Equivalents [Abstract]  
Cash and Restricted Cash

4. CASH AND RESTRICTED CASH

Restricted cash is included in other assets in the consolidated balance sheets and represents those amounts required to be placed in escrow by banks with whom the Company has entered into mortgages and cash placed in escrow related to amounts received upon disposal of real estate, restricted for use on future acquisitions of real estate. The following table provides a reconciliation of cash and restricted cash reported within the consolidated statement of cash flows:

 

(Dollars in thousands)

 

September 30,

2018

 

 

December 31,

2017

 

 

September 30,

2017

 

Cash

 

$

13,282

 

 

$

9,167

 

 

$

6,096

 

Restricted cash

 

 

5,665

 

 

 

292

 

 

 

606

 

Total cash and restricted cash

 

$

18,947

 

 

$

9,459

 

 

$

6,702