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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Real estate $ 270,161 $ 296,363
Cash and cash equivalents 131,236 50,748
Restricted cash 17,950 21,986
Short-term investments 75,330 16,001
Notes receivable (including $76,935 and $75,872 at September 30, 2022 and December 31, 2021, respectively, from related parties) 139,423 136,607
Investment in unconsolidated joint ventures 313,399 61,621
Receivable from related parties, net 107,229 100,599
Other assets (including $2,334 and $4,535 at September 30, 2022 and December 31, 2021, respectively, from related parties) 95,422 86,644
Total assets 1,150,150 770,569
Liabilities:    
Mortgages and other notes payable 158,501 183,392
Bonds payable 127,497 189,452
Accounts payable and other liabilities (including $602 and $616 at September 30, 2022 and December 31, 2021, respectively, to related parties) 95,414 44,518
Accrued interest 3,195 6,565
Deferred revenue 9,791 9,791
Total liabilities 394,398 433,718
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 506,000 176,085
Total shareholders' equity 570,053 240,138
Noncontrolling interests 185,699 96,713
Total equity 755,752 336,851
Total liabilities and partners' capital $ 1,150,150 $ 770,569