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<SEC-DOCUMENT>0000950134-03-010236.txt : 20030718
<SEC-HEADER>0000950134-03-010236.hdr.sgml : 20030718
<ACCEPTANCE-DATETIME>20030718102203
ACCESSION NUMBER:		0000950134-03-010236
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030714
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20030718

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:		03792358

	BUSINESS ADDRESS:	
		STREET 1:		1800 VALLEY VIEW LANE
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		4695224200

	MAIL ADDRESS:	
		STREET 1:		1800 VALLEY VIEW LANE
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d07525e8vk.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



Date of Report (Date of earliest event reported)    July 14, 2003
                                                -------------------------------



                         American Realty Investors, Inc.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



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




              1800 Valley View Lane, Suite 300, Dallas, Texas 75234
- --------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip Code)



Registrant's telephone number, including area code        469-522-4200
                                                   -----------------------------


- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)



<PAGE>
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE

         On July 14, 2003, Joseph Mizrachi delivered to the Secretary of
American Realty Investors, Inc. ("ARI") Mr. Mizrachi's written resignation
from the Board of Directors of ARI, its Audit Committee and its Compensation
Committee effective July 1, 2003.  Mr. Mizrachi did not resign because of
any disagreement with the Registrant on any matter relating to Registrant's
operations, policies or practices, and Mr. Mizrachi did not furnish the
Registrant with a letter describing any disagreement or request that any
matter be disclosed.  After giving effect to the resignation of Mr.
Mizrachi, the number of members of the Board of Directors of ARI is four,
consisting of Earl D. Cecil, Ted P. Stokley, Henry A. Butler and Martin L.
White.




                                      -2-
<PAGE>
                                   SIGNATURES

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

Date: July 17, 2003.                  AMERICAN REALTY INVESTORS, INC.


                                      By: /s/ Robert A. Waldman
                                          -------------------------------------
                                          Robert A. Waldman, Senior Vice
                                          President, General Counsel and
                                          Secretary





                                       -3-




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</SEC-DOCUMENT>
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