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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Assets    
Real estate, at cost $ 1,074,107 $ 1,017,684
Real estate subject to sales contracts at cost, net of depreciation 48,898 48,919
Less accumulated depreciation (183,762) (165,597)
Total real estate 939,243 901,006
Notes and interest receivable:    
Performing (including $90,601 in 2017 and $125,799 in 2016 from related parties) 119,592 143,601
Less allowance for estimated losses (including $15,537 in 2017 and 2016 from related parties) (17,037) (17,037)
Total notes and interest receivable 102,555 126,564
Cash and cash equivalents 57,982 17,522
Restricted cash 42,950 38,399
Investments in unconsolidated joint ventures and investees 6,335 6,087
Receivable from related party 31,027 24,672
Other assets 52,472 60,659
Total assets 1,232,564 1,174,909
Liabilities:    
Notes and interest payable 832,762 845,107
Notes related assets held for sale 376 376
Notes related to real estate subject to sales contracts 3,939 5,612
Bond and interest payable 107,910  
Deferred revenue (including $59,763 in 2017 and $70,935 in 2016 to related parties) 78,336 91,380
Accounts payable and other liabilities (including $10,772 in 2017 and $10,854 in 2016 to related parties) 41,485 56,303
[Liabilities] 1,064,808 998,778
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 outstanding 15,514,360 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 (6,395) (6,395)
Paid-in capital 110,485 111,510
Retained earnings 7,154 14,398
Total American Realty Investors, Inc. shareholders' equity 113,608 121,877
Non-controlling interest 54,148 54,254
Total shareholders' equity 167,756 176,131
Total liabilities and shareholders' equity $ 1,232,564 $ 1,174,909