CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Real estate	$ 270,161	$ 296,363
Cash and cash equivalents	131,203	50,735
Restricted cash	17,950	21,986
Short-term investments	75,330	16,001
Notes receivable (including $66,630 at September 30, 2022 and $68,991 at December 31, 2021 from related parties)	129,118	129,726
Investment in unconsolidated joint venture	306,300	52,879
Receivables from related parties, net	146,338	136,715
Other assets (including $2,026 at September 30, 2022 and $4,223 at December 31, 2021 to related parties)	88,139	84,004
Total assets	1,164,539	788,409
Liabilities:
Mortgages and other notes payable	154,959	176,750
Bonds payable	127,497	189,452
Accounts payable and other liabilities (including $602 at September 30, 2022 and $616 at December 31, 2021 to related parties)	96,882	43,602
Accrued interest	3,195	6,416
Deferred revenue	581	581
Total liabilities	383,114	416,801
Equity
Common stock, $0.01 par value, 10,000,000 shares authorized; 8,639,316 shares issued and outstanding	86	86
Additional paid-in capital	260,387	260,387
Retained earnings	500,046	90,732
Total shareholders' equity	760,519	351,205
Noncontrolling interest	20,906	20,403
Total equity	781,425	371,608
Total liabilities and equity	$ 1,164,539	$ 788,409