CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Real estate	$ 501,586	$ 493,821
Cash and cash equivalents	36,700	113,424
Restricted cash	42,327	108,883
Short-term investments	90,448	119,787
Notes receivable (including $65,057 and $66,630 at December 31, 2023 and 2022, respectively, from related parties)	133,837	129,304
Investment in unconsolidated joint venture	555	20,904
Receivable from related parties	136,211	147,142
Other assets (including $1,742 and $4,040 at December 31, 2023 and 2022, respectively, from related parties)	101,380	84,900
Total assets	1,043,044	1,218,165
Liabilities:
Mortgages and other notes payable	179,141	184,462
Bonds payable	0	129,218
Accounts payable and other liabilities (including $1,016 and $599 at December 31, 2023 and 2022, respectively, to related parties)	13,735	58,094
Interest payable	2,633	5,198
Deferred revenue	581	581
Total liabilities	196,090	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	260,990	260,387
Retained earnings	564,931	558,994
Total shareholders’ equity	826,007	819,467
Noncontrolling interest	20,947	21,145
Total equity	846,954	840,612
Total liabilities and equity	$ 1,043,044	$ 1,218,165