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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Investment in real estate, net $ 530,673 $ 430,776
Investment in unconsolidated joint ventures 34,848 5,084
Cash and cash equivalents 102,351 185,716
Investments - debt securities 50,035 53
Investments - equity securities 2,677 9,746
Other assets 58,471 52,069
Property and equipment, net of accumulated depreciation of $65,565 and $63,223 at September 30, 2020 and December 31, 2019, respectively 18,750 19,018
Investments held by special purpose entities 206,108 206,771
Total assets 1,003,913 909,233
Liabilities:    
Debt, net 143,375 92,529
Other liabilities 70,774 57,200
Deferred tax liabilities, net 60,122 52,808
Senior Notes held by special purpose entity 177,222 177,026
Total liabilities 451,493 379,563
Commitments and contingencies (Note 18)
Equity:    
Common stock, no par value; 180,000,000 shares authorized; 59,414,583 issued at September 30, 2020 and December 31, 2019; and 58,882,549 and 59,414,583 outstanding at September 30, 2020 and December 31, 2019, respectively 305,676 305,631
Retained earnings 239,552 214,225
Accumulated other comprehensive loss (1,513) (335)
Treasury stock at cost, 532,034 shares held at September 30, 2020 (8,803)  
Total stockholders' equity 534,912 519,521
Non-controlling interest 17,508 10,149
Total equity 552,420 529,670
Total liabilities and equity 1,003,913 909,233
Variable Interest Entities    
ASSETS    
Investment in real estate, net 161,362 96,001
Cash and cash equivalents 5,007 3,483
Other assets 12,612 12,766
Investments held by special purpose entities 206,108 206,771
Total assets 385,089 319,021
Liabilities:    
Debt, net 127,501 81,071
Other liabilities 12,201 3,471
Senior Notes held by special purpose entity 177,222 177,026
Total liabilities $ 316,924 $ 261,568