CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Real estate	$ 296,363	$ 377,383
Cash and cash equivalents	50,748	36,814
Restricted cash	21,986	50,206
Short-term investments	16,001	0
Notes receivable (including $75,872 and $69,518 at December 31, 2021 and 2020, respectively, from related parties)	136,607	130,626
Investment in unconsolidated joint ventures	61,621	60,425
Receivable from related parties	100,599	129,335
Other assets (including $4,535 and 4,480 at December 31, 2021 and 2020, respectively, from related parties)	86,644	80,975
Total assets	770,569	865,764
Liabilities:
Mortgages and other notes payable	183,392	242,711
Bonds payable	189,452	237,888
Accounts payable and other liabilities (including $616 and $930 at December 31, 2021 and 2020, respectively, to related parties)	44,518	27,299
Interest payable	6,565	7,639
Deferred revenue	9,791	19,821
Total liabilities	433,718	535,358
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 16,152,043 outstanding	162	162
Treasury stock at cost, — shares	0	(2)
Additional paid-in capital	62,090	62,092
Retained earnings	176,085	172,738
Total shareholders’ equity	240,138	236,791
Noncontrolling interest	96,713	93,615
Total equity	336,851	330,406
Total liabilities and equity	$ 770,569	$ 865,764