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Note 5 - Other Investments | 6 Months Ended
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Jun. 30, 2022
Notes to Financial Statements |
Other Real Estate Investments and Other Assets [Text Block] | 5. Other Investments The Company has provided capital to owners and developers of real estate properties and loans through its Preferred Equity Program. The Company’s maximum exposure to losses associated with its preferred equity investments is primarily limited to its net investment. As of June 30, 2022, the Company’s net investment under the Preferred Equity Program was $69.9 million relating to 16 properties. During the six months ended June 30, 2022 and 2021, the Company recognized net income of $8.1 million and $7.7 million from its preferred equity investments, respectively. These amounts are included in Equity in income of other investments, net on the Company’s Condensed Consolidated Statements of Operations.

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