CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Rental and other property revenues (including $174 and $170 for the three months and $347 and $343 for the six months ended 2016 and 2015, respectively, from related parties)	$ 30,521	$ 23,756	$ 59,424	$ 46,060
Expenses:
Property operating expenses (including $223 and $178 for the three months and $423 and $331 for the six months ended 2016 and 2015, respectively, from related parties)	14,919	10,929	29,882	21,793
Depreciation and amortization	5,843	5,107	11,651	9,751
General and administrative (including $753 and $727 for the three months and $1,502 and $1,547 for the six months ended 2016 and 2015, respectively, from related parties)	1,604	1,278	3,213	3,045
Net income fee to related party	54	45	126	90
Advisory fee to related party	2,331	1,951	4,702	3,894
Total operating expenses	24,751	19,310	49,574	38,573
Net operating income	5,770	4,446	9,850	7,487
Other income (expense):
Interest income (including $3,274 and $2,748 for the three months and $6,008 and $6,167 for the six months ended 2016 and 2015, respectively, from related parties)	3,289	2,994	7,136	6,755
Other income	902	14	1,169	81
Mortgage and loan interest (including $165 and $190 for the three months and $627 and $408 for the six months ended 2016 and 2015, respectively, from related parties)	(12,092)	(8,216)	(25,258)	(18,401)
Earnings (losses) from unconsolidated joint ventures and investees		10	(2)	43
Litigation expense		(45)		(118)
Total other expenses	(7,901)	(5,243)	(16,955)	(11,640)
Loss before gain on sale of income-producing properties, gain on land sales, non-controlling interest, and taxes	(2,131)	(797)	(7,105)	(4,153)
Gain on sale of income producing properties	5,168		4,925
Gain on land sales	1,719	1,250	3,370	4,126
Net income (loss) from continuing operations before taxes	4,756	453	1,190	(27)
Income tax benefit (expense)		(12)	1	90
Net income from continuing operations	4,756	441	1,191	63
Discontinued operations:
Net income (loss) from discontinued operations		(34)	3	258
Income tax expense (benefit) from discontinued operations		12	(1)	(90)
Net income (loss) from discontinued operations		(22)	2	168
Net income	4,756	419	1,193	231
Net (income) loss attributable to non-controlling interest	(97)	(281)	(74)	12
Net income attributable to Transcontinental Realty Investors, Inc.	4,659	138	1,119	243
Preferred dividend requirement	(224)	(224)	(446)	(446)
Net income (loss) applicable to common shares	$ 4,435	$ (86)	$ 673	$ (203)
Earnings per share - basic
Net income (loss) from continuing operations (in dollars per share)	$ 0.51	$ (0.01)	$ 0.08	$ (0.04)
Net income (loss) from discontinued operations (in dollars per share)				0.02
Net income (loss) applicable to common shares (in dollars per share)	0.51	(0.01)	0.08	(0.02)
Earnings per share - diluted
Net income (loss) from continuing operations (in dollars per share)	0.51	(0.01)	0.08	(0.04)
Net income from discontinued operations (in dollars per share)				0.02
Net income (loss) applicable to common shares (in dollars per share)	$ 0.51	$ (0.01)	$ 0.08	$ (0.02)
Weighted average common shares used in computing earnings per share (in shares)	8,717,767	8,717,767	8,717,767	8,717,767
Weighted average common shares used in computing diluted earnings per share (in shares)	8,717,767	8,717,767	8,717,767	8,717,767
Amounts attributable to Transcontinental Realty Investors, Inc.
Net income from continuing operations	$ 4,659	$ 160	$ 1,117	$ 75
Net income (loss) from discontinued operations		(22)	2	168
Net income (loss) attributable to Transcontinental Realty Investors, Inc.	$ 4,659	$ 138	$ 1,119	$ 243