Cash, cash equivalents and restricted cash consisted of the following (in thousands):
|
|
|
June 30,
2020 |
|
|
December 31,
2019 |
|
|
June 30,
2019 |
|
|
Cash and cash equivalents |
|
$ |
97,190 |
|
|
$ |
14,492 |
|
|
$ |
9,984 |
|
|
Restricted cash: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Collateral deposits (1) |
|
|
426 |
|
|
|
347 |
|
|
|
440 |
|
|
Tenant improvements, repairs and leasing commissions (2) |
|
|
11,769 |
|
|
|
10,877 |
|
|
|
9,985 |
|
|
Other (3) |
|
|
— |
|
|
|
307 |
|
|
|
580 |
|
|
Total cash, cash equivalents and restricted cash |
|
$ |
109,385 |
|
|
$ |
26,023 |
|
|
$ |
20,989 |
|
(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) |
Funds held in lender-controlled accounts released after scheduled debt service requirements are met. |
|