v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Real estate $ 603,217 $ 602,431
Cash and cash equivalents 10,703 14,071
Restricted cash 11,237 15,233
Short-term investments 73,438 74,964
Notes receivable (including $55,032 and $57,468 at June 30, 2026 and December 31, 2025, respectively, from related parties) 120,879 123,678
Receivables from related party 175,938 169,747
Other assets (including $1,030 and $1,259 at June 30, 2026 and December 31, 2025, respectively, from related parties) 134,982 132,396
Total assets 1,130,394 1,132,520
Liabilities:    
Mortgages and other notes payable 214,486 210,825
Accounts payable and other liabilities (including $31 and $30 at June 30, 2026 and December 31, 2025, respectively, to related parties) 45,990 51,142
Accrued interest 4,297 3,811
Deferred revenue 581 581
Total liabilities 265,354 266,359
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 262,351 262,050
Retained earnings 583,637 584,596
Total shareholders' equity 846,074 846,732
Noncontrolling interest 18,966 19,429
Total equity 865,040 866,161
Total liabilities and equity $ 1,130,394 $ 1,132,520