CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets
Real estate	$ 377,383	$ 387,790
Cash and cash equivalents	36,761	51,179
Restricted cash	50,206	32,082
Notes receivable (including $62,448 and $53,027 at December 31, 2020 and 2019, respectively, from related parties)	123,556	112,357
Investment in unconsolidated joint ventures	51,786	81,780
Receivable from related parties	159,777	141,541
Other assets	79,613	59,189
Total assets	879,082	865,918
Liabilities:
Mortgages and other notes payable	236,069	241,527
Bonds payable	237,888	223,265
Accounts payable and other liabilities (including $930 and $935 at December 31, 2020 and 2019, respectively, to related parties)	26,729	30,361
Interest payable	7,550	7,230
Deferred revenue	9,315	9,468
Total liabilities	517,551	511,851
Equity:
Common stock, $0.01 par value, 10,000,000 shares authorized; 8,639,516 shares issued, 8,639,316 outstanding	87	87
Treasury stock at cost, 200 shares	(2)	(2)
Additional paid-in capital	260,388	257,853
Retained earnings	81,334	74,665
Total shareholders’ equity	341,807	332,603
Noncontrolling interest	19,724	21,464
Total equity	361,531	354,067
Total liabilities and equity	$ 879,082	$ 865,918