CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
ASSETS
Investment in real estate, net	$ 1,047,039	$ 1,040,428
Investment in unconsolidated joint ventures	71,844	66,454
Cash and cash equivalents	94,535	88,756
Other assets	74,666	80,318
Property and equipment, net of accumulated depreciation of $100,035 and $95,339 as of March 31, 2025 and December 31, 2024, respectively	56,188	59,107
Investments held by special purpose entities	203,115	203,511
Total assets	1,547,387	1,538,574
Liabilities:
Debt, net	434,824	437,754
Accounts payable and other liabilities	62,052	53,969
Deferred revenue	60,901	59,274
Deferred tax liabilities, net	71,990	72,358
Senior Notes held by special purpose entity	178,567	178,484
Total liabilities	808,334	801,839
Commitments and contingencies (Note 17)
Equity:
Common stock, no par value; 180,000,000 shares authorized; 58,345,929 and 58,326,521 issued at March 31, 2025 and December 31, 2024, respectively; and 58,222,315 and 58,326,521 outstanding at March 31, 2025 and December 31, 2024, respectively	268,978	268,668
Retained earnings	463,488	454,193
Accumulated other comprehensive income	1,114	1,419
Treasury stock at cost, 123,614 shares held at March 31, 2025	(5,728)
Total stockholders' equity	727,852	724,280
Non-controlling interest	11,201	12,455
Total equity	739,053	736,735
Total liabilities and equity	$ 1,547,387	$ 1,538,574