CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues:
Rental and other property revenues (including $199 and $174 for the three months and $389 and $347 for the six months ended 2017 and 2016, respectively, from related parties)	$ 31,587	$ 30,834	$ 63,409	$ 60,039
Expenses:
Property operating expenses (including $239 and $231 for the three months and $476 and $441 for the six months ended 2017 and 2016, respectively, from related parties)	15,429	15,191	31,693	30,407
Depreciation and amortization	6,409	5,868	12,739	11,698
General and administrative (including $552 and $942 for the three months and $1,295 and $1,860 for the six months ended 2017 and 2016, respectively, from related parties)	1,995	2,412	4,026	4,437
Net income fee to related party	77	54	137	126
Advisory fee to related party	2,849	2,687	5,508	5,425
Total operating expenses	26,759	26,212	54,103	52,093
Net operating income	4,828	4,622	9,306	7,946
Other income (expenses):
Interest income (including $4,972 and $4,504 for the three months and $9,092 and $1,355 for the six months ended 2017 and 2016, respectively, from related parties)	5,059	4,788	9,852	10,079
Other income	(116)	902	1,327	1,200
Mortgage and loan interest (including $1,683 and $1,355 for the three months and $3,195 and $2,447 for the six months ended 2017 and 2016, respectively, from related parties)	(17,347)	(13,975)	(34,143)	(28,189)
Earnings from unconsolidated subsidiaries and investees	153	129	208	284
Foreign currency transaction loss	(3,425)		(3,747)
Total other expenses	(15,676)	(8,156)	(26,503)	(16,626)
Loss before gain on sale of income producing properties and land, non-controlling interest, and taxes	(10,848)	(3,534)	(17,197)	(8,680)
Gain on sale of income producing properties		5,168		4,925
Gain (loss) on land sales	(476)	1,719	(31)	3,370
Net income (loss) from continuing operations before taxes	(11,324)	3,353	(17,228)	(385)
Income tax benefit				1
Net income (loss) from continuing operations	(11,324)	3,353	(17,228)	(384)
Discontinued operations:
Net income from discontinued operations				3
Income tax expense from discontinued operations				(1)
Net income from discontinued operations				2
Net income (loss)	(11,324)	3,353	(17,228)	(382)
Net (income) loss attributable to non-controlling interest	435	(864)	628	(334)
Net income (loss) attributable to American Realty Investors, Inc.	(10,889)	2,489	(16,600)	(716)
Preferred dividend requirement	(275)	(53)	(550)	(550)
Net income (loss) applicable to common shares	$ (11,164)	$ 2,436	$ (17,150)	$ (1,266)
Earnings per share - basic
Net income (loss) from continuing operations (in dollars per share)	$ (0.72)	$ 0.16	$ (1.11)	$ (0.08)
Earnings per share - diluted
Net income (loss) from continuing operations (in dollars per share)	$ (0.72)	$ 0.16	$ (1.11)	$ (0.08)
Weighted average common shares used in computing earnings per share (in shares)	15,514,360	15,514,360	15,514,360	15,514,360
Weighted average common shares used in computing diluted earnings per share (in shares)	15,514,360	15,514,360	15,514,360	15,514,360
Amounts attributable to American Realty Investors, Inc.
Net income (loss) from continuing operations	$ (10,889)	$ 2,489	$ (16,600)	$ (718)
Net income from discontinued operations				2
Net loss applicable to American Realty Investors, Inc.	$ (10,889)	$ 2,489	$ (16,600)	$ (716)