CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Investment in real estate, net	$ 1,018,618	$ 996,261
Investment in unconsolidated joint ventures	66,356	50,025
Cash and cash equivalents	86,068	37,747
Investments - debt securities		40,576
Other assets	82,243	61,729
Property and equipment, net	66,049	39,638
Investments held by special purpose entities	204,196	204,863
Total assets	1,523,530	1,430,839
Liabilities:
Debt, net	453,640	385,860
Accounts payable and other liabilities	58,573	94,371
Deferred revenue	62,836	38,936
Deferred tax liabilities, net	71,829	82,706
Senior Notes held by special purpose entity	178,162	177,857
Total liabilities	825,040	779,730
Commitments and contingencies (Note 20)
Equity:
Common stock, no par value; 180,000,000 shares authorized; 58,372,040 and 58,335,541 issued and outstanding at December 31, 2023 and December 31, 2022, respectively	270,848	270,028
Retained earnings	410,371	358,344
Accumulated other comprehensive income	1,843	2,430
Total stockholders' equity	683,062	630,802
Non-controlling interest	15,428	20,307
Total equity	698,490	651,109
Total liabilities and equity	$ 1,523,530	$ 1,430,839