CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Investment in real estate, net	$ 996,261	$ 690,113
Investment in unconsolidated joint ventures	50,025	52,027
Cash and cash equivalents	37,747	70,162
Investments - debt securities	40,576	88,956
Other assets	61,729	70,235
Property and equipment, net	39,638	31,145
Investments held by special purpose entities	204,863	205,513
Total assets	1,430,839	1,208,151
Liabilities:
Debt, net	385,860	223,034
Other liabilities	94,371	67,985
Deferred revenue	38,936	36,207
Deferred tax liabilities, net	82,706	77,259
Senior Notes held by special purpose entity	177,857	177,566
Total liabilities	779,730	582,051
Commitments and contingencies (Note 20)
Equity:
Common stock, no par value; 180,000,000 shares authorized; 58,335,541 and 58,882,549 issued and outstanding at December 31, 2022 and December 31, 2021	270,028	296,873
Retained earnings	358,344	310,925
Accumulated other comprehensive income (loss)	2,430	(389)
Total stockholders' equity	630,802	607,409
Non-controlling interest	20,307	18,691
Total equity	651,109	626,100
Total liabilities and equity	$ 1,430,839	$ 1,208,151