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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950134-02-005015.txt : 20020510
<SEC-HEADER>0000950134-02-005015.hdr.sgml : 20020510
ACCESSION NUMBER:		0000950134-02-005015
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020426
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20020510

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN REALTY INVESTORS INC
		CENTRAL INDEX KEY:			0001102238
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS [6510]
		IRS NUMBER:				752847135
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15663
		FILM NUMBER:		02641686

	BUSINESS ADDRESS:	
		STREET 1:		10670 NORTH CENTRAL EXPRESSWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75231
		BUSINESS PHONE:		2147404700

	MAIL ADDRESS:	
		STREET 1:		10670 NORTH CENTRAL EXPRESSWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75231
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d96768e8-k.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE

                         SECURITIES EXCHANGE ACT OF 1934

                                 April 26, 2002
                ------------------------------------------------
                Date of Report (Date of Earliest Event Reported)

                         AMERICAN REALTY INVESTORS, INC.
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)

        Nevada                       1-15663                    75-2847135
- -------------------------------------------------------------------------------
(State of Incorporation)           (Commission                (IRS Employer
                                    File No.)               Identification No.)

  1800 Valley View Lane, Suite 300,        Dallas, TX             75234
- -------------------------------------------------------------------------------
(Address of Principal Executive Offices)                        (Zip Code)

Registrant's Telephone Number, Including Area Code: (469) 522-4200
                                                    --------------

ITEM 5. OTHER EVENTS

     On April 26, 2002, the Registrant sent a letter to the Board of Trustees of
Prime Group Realty Trust ("Prime Group") proposing that the Registrant and Prime
Group explore a business combination. On May 1, 2002, Prime Group issued a press
release indicating that it had referred the Registrant's letter to its Board of
Trustees and

                                       1
<PAGE>

to its financial advisors for consideration. Thereafter, on May 2, 2002, Prime
Group announced that it had agreed to sell its office properties in one or more
material transactions. The Registrant has had no discussions with Prime Group or
its financial advisors since the delivery of the Registrant's proposal to
explore a business combination or since the announcement of Prime Group's
agreement to sell its office properties.

                                       2
<PAGE>

                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.

                                       AMERICAN REALTY INVESTORS, INC.

Date: May 9, 2002                      By: /s/ RONALD E. KIMBROUGH
      -----------                          -----------------------------------
                                           Ronald E. Kimbrough
                                           Executive Vice President and
                                           Chief Financial Officer
                                           (Principal Financial and Accounting
                                           Officer and Acting Principal
                                           Executive Officer)

                                       3

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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