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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Real estate $ 503,139 $ 501,586
Cash and cash equivalents 54,700 36,740
Restricted cash 38,352 42,327
Short-term investments 76,153 90,448
Notes receivable (including $73,317 and $75,362 at March 31, 2024 and December 31, 2023, respectively, from related parties) 141,136 144,142
Investment in unconsolidated joint ventures 10,543 10,060
Receivable from related party 96,997 96,533
Other assets (including $1,028 and $2,012 at March 31, 2024 and December 31, 2023, respectively, from related parties) 101,159 101,648
Total assets 1,022,179 1,023,484
Liabilities:    
Mortgages and other notes payable 181,827 182,683
Accounts payable and other liabilities (including $1,022 and $1,016 at March 31, 2024 and December 31, 2023, respectively, from related parties) 9,560 11,866
Accrued interest 2,775 2,633
Deferred revenue 9,791 9,791
Total liabilities 203,953 206,973
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 61,664 61,638
Retained earnings 555,153 553,402
Total shareholders' equity 618,780 617,003
Noncontrolling interests 199,446 199,508
Total equity 818,226 816,511
Total liabilities and equity $ 1,022,179 $ 1,023,484