Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Investments in and Advances to Unconsolidated Real Estate Joint Ventures - Summary of Financial Information for Sky Cove South (Details)

v3.23.3
Note 7 - Investments in and Advances to Unconsolidated Real Estate Joint Ventures - Summary of Financial Information for Sky Cove South (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Cash and cash equivalents $ 102,490 $ 98,533 $ 102,490 $ 98,533   $ 127,581    
Real estate inventory 5,825   5,825     1,179    
Other assets 20,790   20,790     21,453    
Total assets 681,005 545,766 681,005 545,766   562,841    
Other liabilities 3,600   3,600     5,297    
Total liabilities 291,720   291,720     223,899    
Total equity 384,105 334,920 384,105 334,920 $ 395,078 334,528 $ 332,154 $ 322,948
Total liabilities and equity 681,005   681,005     562,841    
Total revenues 103,339 75,234 305,120 234,403        
Net (loss) income (6,535) 4,000 (6,407) 12,463        
Equity in net earnings of unconsolidated real estate joint ventures 2,126 15,026 3,958 35,712        
Sky Cove South [Member]                
Net (loss) income 4,710 608 9,712 406        
Equity in net earnings of unconsolidated real estate joint ventures 739 156 2,133 91        
Sky Cove South [Member]                
Cash and cash equivalents 7,407   7,407     2,056    
Real estate inventory 4,902   4,902     22,921    
Other assets 17   17     19    
Total assets 12,326   12,326     24,996    
Notes payable 0   0     6,760    
Other liabilities 2,316   2,316     5,800    
Total liabilities 2,316   2,316     12,560    
Total equity 10,010   10,010     12,436    
Total liabilities and equity 12,326   12,326     $ 24,996    
Total revenues 19,766 13,484 55,093 19,492        
Cost of real estate inventory sold (14,745) (12,444) (41,696) (17,911)        
Other expenses $ (311) $ (432) $ (3,685) $ (1,175)