v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Real estate $ 605,862 $ 557,388
Cash and cash equivalents 15,446 19,915
Restricted cash 18,749 20,557
Short-term investments 58,048 79,800
Notes receivable (including $59,846 and $61,245 at June 30, 2025 and December 31, 2024, respectively, from related parties) 126,564 128,229
Receivables from related party 169,961 163,518
Other assets (including $1,509 and $1,595 at June 30, 2025 and December 31, 2024, respectively, from related parties) 131,896 101,138
Total assets 1,126,526 1,070,545
Liabilities:    
Mortgages and other notes payable 212,409 181,856
Accounts payable and other liabilities (including $29 and $601 at June 30, 2025 and December 31, 2024, respectively, to related parties) 53,295 32,103
Accrued interest 3,350 3,194
Deferred revenue 581 581
Total liabilities 269,635 217,734
Equity    
Common stock, $0.01 par value, 10,000,000 shares authorized; 8,639,316 shares issued and outstanding 86 86
Additional paid-in capital 262,007 261,399
Retained earnings 575,580 570,793
Total shareholders' equity 837,673 832,278
Noncontrolling interest 19,218 20,533
Total equity 856,891 852,811
Total liabilities and equity $ 1,126,526 $ 1,070,545