CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Real estate	$ 502,941	$ 493,821
Cash and cash equivalents	55,313	113,424
Restricted cash	55,188	108,883
Short-term investments	158,086	119,787
Notes receivable (including $66,630 at March 31, 2023 and December 31, 2022 from related parties)	129,056	129,304
Investment in unconsolidated joint venture	3,616	20,904
Receivables from related parties, net	141,613	147,142
Other assets (including $1,991 at March 31, 2023 and $4,040 at December 31, 2022 from related parties)	82,993	84,900
Total assets	1,128,806	1,218,165
Liabilities:
Mortgages and other notes payable	183,637	184,462
Bonds payable	41,672	129,218
Accounts payable and other liabilities (including $599 at March 31, 2023 and December 31, 2022 to related parties)	55,948	58,094
Accrued interest	2,641	5,198
Deferred revenue	581	581
Total liabilities	284,479	377,553
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	562,511	558,994
Total shareholders' equity	822,984	819,467
Noncontrolling interest	21,343	21,145
Total equity	844,327	840,612
Total liabilities and equity	$ 1,128,806	$ 1,218,165