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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 44,145 $ 37,666
Restricted cash 995 8,043
Real estate held for sale 1,773 1,773
Real estate under development 271,597 239,278
Land available for development 47,113 39,855
Real estate held for investment, net 94,478 92,377
Lease right-of-use assets 11,711 10,631
Deferred tax assets 38 38
Other assets 13,905 15,479
Total assets 485,755 445,140
Liabilities:    
Accounts payable 18,107 15,244
Accrued liabilities, including taxes 5,393 7,049
Debt 137,432 122,765
Lease liabilities 16,297 14,848
Deferred gain 3,066 3,519
Other liabilities 6,299 9,642
Total liabilities 186,594 173,067
Commitments and contingencies
Stockholders’ equity:    
Common stock 96 94
Capital in excess of par value of common stock 196,819 195,773
Retained earnings 30,350 41,452
Common stock held in treasury (32,449) (30,071)
Total stockholders’ equity 194,816 207,248
Noncontrolling interests in subsidiaries 104,345 64,825
Total equity 299,161 272,073
Total liabilities and equity $ 485,755 $ 445,140