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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands | Mar. 31, 2025 | Dec. 31, 2024
--- | --- | ---
Preferred stock, par value (in dollars per share) |  | $ 1 | $ 1
Preferred stock, shares authorized |  | 12,500 | 12,500
Preferred stock, shares issued |  | 0 | 0
Common stock, par value (in dollars per share) |  | $ 1 | $ 1
Common stock, shares authorized |  | 50,000 | 50,000
Common stock, shares issued |  | 20,844 | 20,698
Common stock, shares outstanding |  | 20,844 | 20,698
Land |  | $ 171,810 | $ 165,708
Buildings and improvements |  | 768,792 | 695,044
Accumulated depreciation |  | 193,286 | 188,447
Non-controlling interests in consolidated joint ventures | [1] | 1,101 | 1,150
Consolidated Joint Venture-VIEs |  |  |
Land |  | 8,828 | 9,198
Buildings and improvements |  | 15,377 | 15,599
Accumulated depreciation |  | 6,695 | 6,516
Other assets |  | 2,717 | 2,767
Real estate debt, net |  | 13,146 | 13,295
Other liabilities |  | 983 | 966
Non-controlling interests in consolidated joint ventures |  | $ 1,101 | $ 1,150
[1] | The Company’s consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”). See Note 7. The consolidated balance sheets include the following amounts related to the Company’s consolidated VIEs: $8,828 and $9,198 of land, $15,377 and $15,599 of building and improvements, net of $6,695 and $6,516 of accumulated depreciation, $2,717 and $2,767 of other assets included in other line items, $13,146 and $13,295 of real estate debt, net, $983 and $966 of other liabilities included in other line items and $1,101 and $1,150 of non-controlling interests as of March 31, 2025 and December 31, 2024, respectively.

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