Quarterly report pursuant to Section 13 or 15(d)

Cash and Restricted Cash

v3.19.1
Cash and Restricted Cash
3 Months Ended
Mar. 31, 2019
Cash And Cash Equivalents [Abstract]  
Cash and Restricted Cash

4. CASH AND RESTRICTED CASH

Restricted cash represents those amounts required to be placed in escrow by banks with whom the Company has entered into mortgages and amounts required to be placed into escrow related to the Company’s tenant reinsurance program which became effective April 1, 2019 (see Note 17). Restricted cash is included in other assets in the consolidated balance sheets. The following table provides a reconciliation of cash and restricted cash reported within the consolidated statement of cash flows:

 

(Dollars in thousands)

 

Mar. 31,

2019

 

 

Dec. 31,

2018

 

 

Mar. 31,

2018

 

Cash

 

$

8,875

 

 

$

13,560

 

 

$

7,778

 

Restricted cash

 

 

4,139

 

 

 

505

 

 

 

422

 

Total cash and restricted cash

 

 

13,014

 

 

 

14,065

 

 

 

8,200