CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Real estate	$ 513,327	$ 501,586
Cash and cash equivalents	46,077	36,740
Restricted cash	30,983	42,327
Short-term investments	81,421	90,448
Notes receivable (including $73,317 and $75,362 at June 30, 2024 and December 31, 2023, respectively, from related parties)	141,136	144,142
Investment in unconsolidated joint ventures	10,203	10,060
Receivable from related party	101,033	96,533
Other assets (including $2,004 and $2,012 at June 30, 2024 and December 31, 2023, respectively, from related parties)	102,196	101,648
Total assets	1,026,376	1,023,484
Liabilities:
Mortgages and other notes payable	180,958	182,683
Accounts payable and other liabilities (including $2,404 and $1,016 at June 30, 2024 and December 31, 2023, respectively, from related parties)	12,994	11,866
Accrued interest	2,916	2,633
Deferred revenue	9,791	9,791
Total liabilities	206,659	206,973
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	61,664	61,638
Retained earnings	556,320	553,402
Total shareholders' equity	619,947	617,003
Noncontrolling interests	199,770	199,508
Total equity	819,717	816,511
Total liabilities and equity	$ 1,026,376	$ 1,023,484