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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets    
Real estate, at cost $ 1,059,981 $ 1,017,684
Real estate subject to sales contracts at cost, net of depreciation 48,366 48,919
Less accumulated depreciation (177,700) (165,597)
Total real estate 930,647 901,006
Notes and interest receivable:    
Performing (including $99,793 in 2017 and $125,799 in 2016 from related parties) 123,911 143,601
Less allowance for estimated losses (including $15,537 in 2017 and 2016 from related parties) (17,037) (17,037)
Total notes and interest receivable 106,874 126,564
Cash and cash equivalents 58,260 17,522
Restricted cash 37,585 38,399
Investments in unconsolidated joint ventures and investees 6,294 6,087
Receivable from related party 30,913 24,672
Other assets 62,163 60,659
Total assets 1,232,736 1,174,909
Liabilities:    
Notes and interest payable 826,309 845,107
Notes related to real estate held for sale 376 376
Notes related to real estate subject to sales contracts 4,012 5,612
Bond and interest payable 104,505  
Deferred revenue (including $70,915 in 2017 and $70,935 in 2016 to related parties) 91,087 91,380
Accounts payable and other liabilities (including $10,769 in 2017 and $10,854 in 2016 to related parties) 48,303 56,303
[Liabilities] 1,074,592 998,778
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 and 14,443,404 shares; outstanding 15,514,360 and 14,027,619 shares 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 110,751 111,510
Retained earnings (2,202) 14,398
Total American Realty Investors, Inc. shareholders' equity 104,518 121,877
Non-controlling interest 53,626 54,254
Total shareholders' equity 158,144 176,131
Total liabilities and shareholders' equity $ 1,232,736 $ 1,174,909