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Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets    
Real estate, at cost $ 1,081,686 $ 1,170,214
Real estate subject to sales contracts at cost, net of depreciation ($93,462 and $75,639 in 2011 and 2010) 225,836 295,921
Less accumulated depreciation (104,765) (133,550)
Total real estate 1,202,757 1,332,585
Notes and interest receivable    
Performing (including $80,557 and $89,982 in 2011 and 2010 from affiliates and related parties) 87,519 99,839
Non-performing 3,141 3,123
Less allowance for estimated losses (including $8,962 and $9,926 in 2011 and 2010 from affiliates and related parties) (13,384) (14,348)
Total notes and interest receivable 77,276 88,614
Cash and cash equivalents 10,479 12,649
Investments in unconsolidated subsidiaries and investees 12,138 12,491
Affiliate receivable 4,477  
Other assets (including $39 in 2011 and $164 in 2010 from affiliates and related parties) 94,224 110,936
Total assets 1,401,351 1,557,275
Liabilities and Shareholders' Equity    
Notes and interest payable 819,513 913,134
Notes related to subject to sales contracts 281,246 315,547
Stock-secured notes payable and margin debt 26,120 23,100
Affiliate payables   12,219
Deferred gain (including $88,803 and $100,212 in 2011 and 2010 from sales to related parties) 95,589 98,504
Accounts payable and other liabilities (including $1,779 and $1,539 in 2011 and 2010 to affiliates and related parties) 76,204 88,506
Total liabilities 1,298,672 1,451,010
Shareholders' equity:    
Preferred stock, $2.00 par value, authorized 15,000,000 shares, issued and outstanding Series A, 3,353,954 shares in 2011 and $3,389,546 in 2010 (liquidation preference $10 per share), including 900,000 shares in 2011 and 2010 held by subsidiaries 4,908 4,979
Common stock, $.01 par value, authorized 100,000,000 shares; issued 11,941,174 and 11,874,138, and outstanding 11,525,389 and 11,466,853 shares in 2011 and in 2010 115 114
Treasury stock at cost; 415,785 and 407,285 shares in 2011 and 2010 and 241,247 and 276,972 shares held by TCI (consolidated) as of 2011 and 2010 (6,395) (6,333)
Paid-in capital 110,916 110,419
Retained earnings (42,545) (47,776)
Accumulated other comprehensive income (786) (786)
Total American Realty Investors, Inc. shareholders' equity 66,213 60,617
Non-controlling interest 36,466 45,648
Total equity 102,679 106,265
Total liabilities and equity $ 1,401,351 $ 1,557,275