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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 13,498 $ 31,397
Restricted cash 463 1,035
Real estate held for sale 4,460 7,382
Real estate under development 255,068 260,642
Land available for development 74,280 47,451
Real estate held for investment, net 141,909 144,112
Lease right-of-use assets 10,647 11,174
Deferred tax assets 173 173
Other assets 13,518 14,400
Total assets 514,016 517,766
Liabilities:    
Accounts payable 10,676 15,629
Accrued liabilities, including taxes 4,800 6,660
Debt 178,315 175,168
Lease liabilities 15,676 15,866
Deferred gain 2,359 2,721
Other liabilities 4,684 7,117
Total liabilities 216,510 223,161
Commitments and contingencies
Stockholders’ equity:    
Common stock 97 96
Capital in excess of par value of common stock 200,114 197,735
Retained earnings 29,472 26,645
Common stock held in treasury (33,395) (32,997)
Total stockholders’ equity 196,288 191,479
Noncontrolling interests in subsidiaries 101,218 103,126
Total equity 297,506 294,605
Total liabilities and equity $ 514,016 $ 517,766