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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Real estate $ 501,262 $ 493,821
Cash and cash equivalents 58,870 113,445
Restricted cash 10,938 108,883
Short-term investments 136,972 119,787
Notes receivable (including $76,935 at June 30, 2023 and December 31, 2022 from related parties) 145,861 139,609
Investment in unconsolidated joint ventures 10,022 28,226
Receivable from related parties, net 105,122 108,184
Other assets (including $4,598 and $4,663 at June 30, 2023 and December 31, 2022, respectively, from related parties) 91,695 85,524
Total assets 1,060,742 1,197,479
Liabilities:    
Mortgages and other notes payable 184,372 188,004
Bonds payable 0 129,218
Accounts payable and other liabilities (including $1,201 at June 30, 2023 and $599 at December 31, 2022 from related parties) 47,597 53,100
Accrued interest 2,292 5,198
Deferred revenue 9,791 9,791
Total liabilities 244,052 385,311
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 552,537 549,434
Total shareholders' equity 616,590 613,487
Noncontrolling interests 200,100 198,681
Total equity 816,690 812,168
Total liabilities and equity $ 1,060,742 $ 1,197,479