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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Real estate $ 502,941 $ 493,821
Cash and cash equivalents 55,340 113,445
Restricted cash 55,188 108,883
Short-term investments 158,086 119,787
Notes receivable (including $76,935 at March 31, 2023 and December 31, 2022 from related parties) 139,361 139,609
Investment in unconsolidated joint ventures 12,669 28,226
Receivable from related parties, net 101,879 108,184
Other assets (including $2,296 and $4,663 at March 31, 2023 and December 31, 2022, respectively, from related parties) 87,956 85,524
Total assets 1,113,420 1,197,479
Liabilities:    
Mortgages and other notes payable 187,179 188,004
Bonds payable 41,672 129,218
Accounts payable and other liabilities (including $599 at March 31, 2023 and December 31, 2022 from related parties) 55,750 53,100
Accrued interest 2,641 5,198
Deferred revenue 9,791 9,791
Total liabilities 297,033 385,311
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 552,412 549,434
Total shareholders' equity 616,465 613,487
Noncontrolling interests 199,922 198,681
Total equity 816,387 812,168
Total liabilities and equity $ 1,113,420 $ 1,197,479