CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Investment in real estate, net	$ 1,011,400	$ 996,261
Investment in unconsolidated joint ventures	68,406	50,025
Cash and cash equivalents	91,998	37,747
Investments - debt securities	9,975	40,576
Other assets	87,027	61,729
Property and equipment, net of accumulated depreciation of $75,875 and $67,133 as of September 30, 2023 and December 31, 2022, respectively	69,133	39,638
Investments held by special purpose entities	204,167	204,863
Total assets	1,542,106	1,430,839
Liabilities:
Debt, net	453,116	385,860
Accounts payable and other liabilities	91,199	94,371
Deferred revenue	55,489	38,936
Deferred tax liabilities, net	70,581	82,706
Senior Notes held by special purpose entity	178,085	177,857
Total liabilities	848,470	779,730
Commitments and contingencies (Note 18)
Equity:
Common stock, no par value; 180,000,000 shares authorized; 58,372,040 and 58,335,541 issued and outstanding at September 30, 2023 and December 31, 2022, respectively	270,621	270,028
Retained earnings	404,191	358,344
Accumulated other comprehensive income	2,575	2,430
Total stockholders' equity	677,387	630,802
Non-controlling interest	16,249	20,307
Total equity	693,636	651,109
Total liabilities and equity	$ 1,542,106	$ 1,430,839