CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Real estate	$ 501,586	$ 493,821
Cash and cash equivalents	36,740	113,445
Restricted cash	42,327	108,883
Short-term investments	90,448	119,787
Notes receivable (including $75,362 and $76,935 at December 31, 2023 and 2022, respectively, from related parties)	144,142	139,609
Investment in unconsolidated joint ventures	10,060	28,226
Receivable from related parties	96,533	108,184
Other assets (including $2,012 and $4,663 at December 31, 2023 and 2022, respectively, from related parties)	101,648	85,524
Total assets	1,023,484	1,197,479
Liabilities:
Mortgages and other notes payable	182,683	188,004
Bonds payable	0	129,218
Accounts payable and other liabilities (including $1,016 and $599 at December 31, 2023 and 2022, respectively, to related parties)	11,866	53,100
Interest payable	2,633	5,198
Deferred revenue	9,791	9,791
Total liabilities	206,973	385,311
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	61,638	62,090
Retained earnings	553,402	549,434
Total shareholders’ equity	617,003	613,487
Noncontrolling interest	199,508	198,681
Total equity	816,511	812,168
Total liabilities and equity	$ 1,023,484	$ 1,197,479