INVESTMENT IN UNCONSOLIDATED JOINT VENTURES AND INVESTEES (Tables)

9 Months Ended

Sep. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

Schedule of investments in unconsolidated joint ventures

Investments in unconsolidated joint ventures and investees consist of the following:

	Percentage ownership as of
	September 30, 2017			September 30, 2016
American Realty Investors, Inc.(1)		0.90	%		0.90	%

(1) Unconsolidated investment in parent company owning 140,000 shares of ARL Common Stock.

Schedule of the financial position and results of operations - unconsolidated parent

The following is a summary of the financial position and results of operations from our unconsolidated parent (dollars in thousands):

As of September 30,	2017			2016
Real estate, net of accumulated depreciation	$	14,411		$	14,550
Notes receivable		39,857			46,371
Other assets		54,703			126,848
Notes payable		(6,618	)		(10,426	)
Other liabilities		(37,184	)		(111,789	)
Shareholders’ equity		(65,169	)		(65,554	)

For the Nine Months Ended September 30,		2017			2016
Rents and interest and other income	$	4,655		$	5,586
Depreciation		(142	)		(113	)
Operating expenses		(2,607	)		(2,897	)
Gain on land sales		1,360			—
Interest expense		(4,641	)		(4,725	)
Net loss	$	(1,375	)	$	(2,149	)
Company’s proportionate share of loss	$	(12	)	$	(19	)