Quarterly report pursuant to Section 13 or 15(d)

Cash and Restricted Cash

v3.20.2
Cash and Restricted Cash
6 Months Ended
Jun. 30, 2020
Cash And Cash Equivalents [Abstract]  
Cash and Restricted Cash

4. CASH AND RESTRICTED CASH

Restricted cash represents amounts required to be placed in escrow by banks with whom the Company has mortgages and amounts required to be placed into escrow related to the Company’s tenant reinsurance program. 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)

 

June 30,

2020

 

 

December 31,

2019

 

 

June 30,

2019

 

Cash

 

$

9,518

 

 

$

17,458

 

 

$

46,058

 

Restricted cash

 

 

4,467

 

 

 

4,098

 

 

 

4,625

 

Total cash and restricted cash

 

$

13,985

 

 

$

21,556

 

 

$

50,683