FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value, Assets Measured on Recurring Basis

The following tables set forth our financial assets measured at fair value on a recurring basis by level within the fair value hierarchy. Assets measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement.


	Fair Value as of		Fair Value Measurements Using Fair Value Hierarchy as of
	December 31, 2023		December 31, 2023
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets
Cash and cash equivalents	$	29,367	$	29,367	$	—	$	—	Market
Restricted cash	58,112		58,112		—		—		Market
Notes receivable	11,664		—		11,664		—		Market

Total assets	$	99,143	$	87,479	$	11,664	$	—

	Fair Value as of		Fair Value Measurements Using Fair Value Hierarchy as of
	December 31, 2022		December 31, 2022
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets
Cash and cash equivalents	$	36,486	$	36,486	$	—	$	—	Market
Restricted cash	113,156		113,156		—		—		Market
Notes receivable	10,800		—		10,800		—		Market
Derivative assets	1,125		—		1,125		—		Income
Total assets	$	161,567	$	149,642	$	11,925	$	—

Fair Value, by Balance Sheet Grouping

The fair value of our bonds, notes payable and loans payable reported as Debt, net in the Consolidated Balance Sheets are presented in the table below:


	December 31,
	2023		2022
Series 2020 A Bonds (1)	$	138,666	$	139,101
Series 2020 B Bonds (1)	75,928		74,543
Series 2021 A Bonds (1)	154,306		152,848
Series 2021 B Bonds (1)	165,208		163,238
Senior Notes due 2027	625,038		498,035
EB-5 Loan Agreement	21,240		19,261
EB-5.2 Loan Agreement	8,183		7,540
EB-5.3 Loan Agreement	22,491		19,877

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(1) Fair value is based upon market prices for similar municipal securities.