Quarterly report pursuant to Section 13 or 15(d)

Cash and Restricted Cash

v3.22.1
Cash and Restricted Cash
3 Months Ended
Mar. 31, 2022
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 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)

 

March 31,
2022

 

 

December 31,
2021

 

 

March 31,
2021

 

Cash

 

$

50,206

 

 

$

171,865

 

 

$

13,914

 

Restricted cash

 

 

4,858

 

 

 

4,569

 

 

 

4,510

 

Total cash and restricted cash

 

$

55,064

 

 

$

176,434

 

 

$

18,424