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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Real estate $ 284,480 $ 296,363
Cash and cash equivalents 13,794 50,748
Restricted cash 21,631 21,986
Short-term investments 32,585 16,001
Notes receivable (including $73,516 and $75,872 at March 31, 2022 and December 31, 2021, respectively, from related parties) 136,512 136,607
Investment in unconsolidated joint ventures 59,803 61,621
Receivable from related parties 101,010 100,599
Other assets (including $2,733 and $4,535 at March 31, 2022 and December 31, 2021, respectively, from related parties) 79,623 86,644
Total assets 729,438 770,569
Liabilities:    
Mortgages and other notes payable 169,205 183,392
Bonds payable 163,571 189,452
Accounts payable and other liabilities (including $611 and $616 at March 31, 2022 and December 31, 2021, respectively, to related parties) 32,181 44,518
Accrued interest 3,272 6,565
Deferred revenue 9,791 9,791
Total liabilities 378,020 433,718
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 shares issued and outstanding 162 162
Additional paid-in capital 62,090 62,090
Retained earnings 187,399 176,085
Total shareholders' equity 251,452 240,138
Noncontrolling interests 99,966 96,713
Total equity 351,418 336,851
Total liabilities and partners' capital $ 729,438 $ 770,569