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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Assets    
Real estate, at cost $ 1,035,008 $ 1,017,684
Real estate subject to sales contracts at cost 48,323 48,919
Less accumulated depreciation (171,607) (165,597)
Total real estate 911,724 901,006
Notes and interest receivable:    
Performing (including $121,173 in 2017 and $125,799 in 2016 from related parties) 138,733 143,601
Less allowance for estimated losses (including $15,537 in 2017 and 2016 from related parties) (17,037) (17,037)
Total notes and interest receivable 121,696 126,564
Cash and cash equivalents 55,284 17,522
Restricted cash 31,259 38,399
Investments in unconsolidated joint ventures and investees 6,141 6,087
Receivable from related party 22,064 24,672
Other assets 65,557 60,659
Total assets 1,213,725 1,174,909
Liabilities:    
Notes and interest payable 830,742 845,107
Notes related to real estate held for sale 376 376
Notes related to real estate subject to sales contracts 4,177 5,612
Bond and interest payable 71,975
Deferred revenue (including $70,945 in 2017 and $70,935 in 2016 to related parties) 91,390 91,380
Accounts payable and other liabilities (including $10,793 in 2017 and $10,854 in 2016 to related parties) 45,183 56,303
Total liabilities 1,043,843 998,778
Shareholders' equity:    
Preferred stock, Series A: $2.00 par value, authorized 15,000,000 shares, issued and outstanding 2,000,614 shares in 2017 and 2016 (liquidation preference $10 per share), including 900,000 shares in 2017 and 2016 held by ARL. 2,205 2,205
Common stock, $0.01 par value, authorized 100,000,000 shares; issued 15,930,145 shares and outstanding 15,514,360 in 2017 and 2016, including 140,000 shares held by TCI (consolidated) in 2017 and 2016. 159 159
Treasury stock at cost; 415,785 shares in 2017 and 2016, and 140,000 shares held by TCI (consolidated) as of 2017 and 2016 (6,395) (6,395)
Paid-in capital 111,168 111,510
Retained earnings 8,684 14,398
Total American Realty Investors, Inc. shareholders' equity 115,821 121,877
Non-controlling interest 54,061 54,254
Total shareholders' equity 169,882 176,131
Total liabilities and shareholders' equity $ 1,213,725 $ 1,174,909