XML 10 R2.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Assets    
Real estate $ 502,031 $ 493,821
Cash and cash equivalents 47,203 113,445
Restricted cash 36,145 108,883
Short-term investments 134,185 119,787
Notes receivable (including $76,935 at September 30, 2023 and December 31, 2022 from related parties) 145,715 139,609
Investment in unconsolidated joint ventures 10,256 28,226
Receivable from related parties, net 92,385 108,184
Other assets (including $3,605 and $4,663 at September 30, 2023 and December 31, 2022, respectively, from related parties) 94,358 85,524
Total assets 1,062,278 1,197,479
Liabilities:    
Mortgages and other notes payable 182,428 188,004
Bonds payable 0 129,218
Accounts payable and other liabilities (including $1,025 at September 30, 2023 and $599 at December 31, 2022 from related parties) 46,864 53,100
Accrued interest 2,480 5,198
Deferred revenue 9,791 9,791
Total liabilities 241,563 385,311
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 555,525 549,434
Total shareholders' equity 619,578 613,487
Noncontrolling interests 201,137 198,681
Total equity 820,715 812,168
Total liabilities and equity $ 1,062,278 $ 1,197,479