CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Real estate	$ 283,696	$ 296,363
Cash and cash equivalents	38,236	50,748
Restricted cash	19,460	21,986
Short-term investments	7,883	16,001
Notes receivable (including $76,937 and $75,872 at June 30, 2022 and December 31, 2021, respectively, from related parties)	139,725	136,607
Investment in unconsolidated joint ventures	59,251	61,621
Receivable from related parties, net	104,547	100,599
Other assets (including $4,576 and $4,535 at June 30, 2022 and December 31, 2021, respectively, from related parties)	83,261	86,644
Total assets	736,059	770,569
Liabilities:
Mortgages and other notes payable	168,160	183,392
Bonds payable	148,834	189,452
Accounts payable and other liabilities (including $599 and $616 at June 30, 2022 and December 31, 2021, respectively, to related parties)	32,267	44,518
Accrued interest	5,559	6,565
Deferred revenue	9,791	9,791
Total liabilities	364,611	433,718
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	62,090	62,090
Retained earnings	203,711	176,085
Total shareholders' equity	267,764	240,138
Noncontrolling interests	103,684	96,713
Total equity	371,448	336,851
Total liabilities and partners' capital	$ 736,059	$ 770,569