v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Investment in real estate, net $ 1,048,852 $ 1,040,428
Investment in unconsolidated joint ventures 73,854 66,454
Cash and cash equivalents 88,158 88,756
Other assets 81,793 80,318
Property and equipment, net of accumulated depreciation of $104,294 and $95,339 as of June 30, 2025 and December 31, 2024, respectively 52,608 59,107
Investments held by special purpose entities 203,137 203,511
Total assets 1,548,402 1,538,574
Liabilities:    
Debt, net 427,251 437,754
Accounts payable and other liabilities 60,741 53,969
Deferred revenue 60,360 59,274
Deferred tax liabilities, net 71,450 72,358
Senior Notes held by special purpose entity 178,650 178,484
Total liabilities 798,452 801,839
Commitments and contingencies (Note 17)
Equity:    
Common stock, no par value; 180,000,000 shares authorized; 58,345,929 and 58,326,521 issued at June 30, 2025 and December 31, 2024, respectively; and 57,986,915 and 58,326,521 outstanding at June 30, 2025 and December 31, 2024, respectively 269,283 268,668
Retained earnings 484,891 454,193
Accumulated other comprehensive income 926 1,419
Treasury stock at cost, 359,014 shares held at June 30, 2025 (16,336)  
Total stockholders' equity 738,764 724,280
Non-controlling interest 11,186 12,455
Total equity 749,950 736,735
Total liabilities and equity $ 1,548,402 $ 1,538,574