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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Assets    
Real estate, net $ 351,120 $ 377,383
Notes receivable (including $75,135 and $70,375 at March 31, 2021 and December 31, 2020, respectively, from related parties) 137,718 130,626
Cash and cash equivalents 53,865 36,814
Restricted cash 21,196 50,206
Investment in unconsolidated joint ventures 55,764 60,425
Receivable from related parties 126,810 129,335
Other assets 76,664 80,975
Total assets 823,137 865,764
Liabilities:    
Mortgages and notes payable 224,817 242,711
Bonds payable 208,021 237,888
Accounts payable and other liabilities (including $14,724 and $12,488 at March 31, 2021 and December 31, 2020, respectively, to related parties) 23,502 27,299
Accrued interest payable 3,385 7,639
Deferred revenue 9,791 19,821
Total liabilities 469,516 535,358
Shareholders' Equity:    
Preferred stock, Series A, $2.00 par value, 15,000,000 shares authorized, 1,800,614 shares issued and outstanding 1,801 1,801
Common stock, $0.01 par value, 100,000,000 shares authorized; 16,152,043 and 16,209,228 shares issued at March 31, 2021 and December 31, 2020, respectively; and 16,152,043 shares outstanding 162 162
Treasury stock, 57,185 at December 31, 2020 0 (2)
Paid-in capital 62,090 62,092
Retained earnings 190,806 172,738
Total shareholders' equity 254,859 236,791
Non-controlling interest 98,762 93,615
Total equity 353,621 330,406
Total liabilities and partners' capital $ 823,137 $ 865,764