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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets    
Real estate, net $ 380,715 $ 387,790
Notes receivable (including $96,181 in 2020 and $93,524 in 2019 from related parties) 151,310 143,086
Cash and cash equivalents 32,986 51,228
Restricted cash 28,030 32,083
Investment in unconsolidated joint ventures 57,144 67,655
Receivable from related party 86,089 85,996
Other assets 71,313 62,803
Total assets 807,587 830,641
Liabilities:    
Mortgages and notes payable 248,943 254,094
Bonds payable 203,192 223,265
Accounts payable and other liabilities (including $12,495 in 2020 and $11,817 in 2019 to related parties) 23,284 24,769
Accrued interest payable 3,341 7,236
Deferred revenue 21,609 24,761
Total liabilities 500,369 534,125
Shareholders' equity:    
Preferred stock, Series A: $2.00 par value, authorized 15,000,000 shares, issued 1,800,614 and outstanding 614 at September 30, 2020 and December 31, 2019. 5 5
Common stock, $0.01 par value, 100,000,000 shares authorized; 16,412,861 shares issued and 15,997,076 outstanding at September 30, 2020 and December 31, 2019. 164 164
Treasury stock at cost; 415,785 shares in 2020 and 2019. (6,395) (6,395)
Paid-in capital 82,017 82,017
Retained earnings 172,335 163,708
Total shareholders' equity 248,126 239,499
Non-controlling interest 59,092 57,017
Total equity 307,218 296,516
Total liabilities and equity $ 807,587 $ 830,641