XML 14 R3.htm IDEA: XBRL DOCUMENT v3.24.1
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