| Schedule of Cash, Cash Equivalents and Restricted Cash |
Cash, cash equivalents and restricted cash consisted of the following (in thousands): | | | | | | | | | | | | | | March 31,
2019 | | December 31,
2018 | | March 31,
2018 | Cash and cash equivalents | $ | 9,376 |
| | $ | 14,493 |
| | $ | 10,989 |
| Restricted cash: | | | | | | Collateral deposits (1) | 401 |
| | 351 |
| | 1,190 |
| Tenant improvements, repairs, and leasing commissions (2) | 9,539 |
| | 9,093 |
| | 8,782 |
| Master Trust Release (3) | 7,413 |
| | 7,412 |
| | 97,010 |
| 1031 Exchange proceeds, net | — |
| | 45,042 |
| | — |
| Liquidity reserve (4) | — |
| | — |
| | 5,527 |
| Other (5) | 1,163 |
| | 1,030 |
| | 4,656 |
| Total cash, cash equivalents and restricted cash | $ | 27,892 |
| | $ | 77,421 |
| | $ | 128,154 |
|
| | (1) | Funds held in lender controlled accounts generally used to meet future debt service or certain property operating expenses. |
| | (2) | Deposits held as additional collateral support by lenders to fund improvements, repairs and leasing commissions incurred to secure a new tenant. |
| | (3) | Proceeds from the sale of assets pledged as collateral under either Master Trust 2013 or Master Trust 2014, which are held on deposit until a qualifying substitution is made or the funds are applied as prepayment of principal. |
| | (4) | Liquidity reserve cash was placed on deposit for Master Trust 2014 and is held until there is a cashflow shortfall or upon achieving certain performance criteria, as defined in the agreements governing Master Trust 2014, or a liquidation of Master Trust 2014 occurs. |
| | (5) | Funds held in lender controlled accounts released after scheduled debt service requirements are met. |
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