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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Real estate $ 527,562 $ 501,586
Cash and cash equivalents 39,533 36,740
Restricted cash 29,588 42,327
Short-term investments 92,052 90,448
Notes receivable (including $71,365 and $75,362 at September 30, 2024 and December 31, 2023, respectively, from related parties) 138,349 144,142
Investment in unconsolidated joint ventures 10,626 10,060
Receivable from related party 97,709 96,533
Other assets (including $964 and $2,012 at September 30, 2024 and December 31, 2023, respectively, from related parties) 107,299 101,648
Total assets 1,042,718 1,023,484
Liabilities:    
Mortgages and other notes payable 183,814 182,683
Accounts payable and other liabilities (including $604 and $1,016 at September 30, 2024 and December 31, 2023, respectively, from related parties) 43,545 11,866
Accrued interest 3,082 2,633
Deferred revenue 9,791 9,791
Total liabilities 240,232 206,973
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 61,349 61,638
Retained earnings 538,860 553,402
Total shareholders' equity 602,172 617,003
Noncontrolling interests 200,314 199,508
Total equity 802,486 816,511
Total liabilities and equity $ 1,042,718 $ 1,023,484