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Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Assets  
Real estate, at cost$ 1,066,572$ 1,170,214
Real estate subject to sales contracts at cost, net of depreciation ($66,651 and $75,639 in 2011 and 2010)170,990295,921
Less accumulated depreciation(114,534)(133,550)
Total real estate1,123,0281,332,585
Notes and interest receivable  
Performing (including $80,761 and $89,982 in 2011 and 2010 from affiliates and related parties)85,31399,839
Non-performing4,5823,123
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 receivable76,51188,614
Cash and cash equivalents9,36012,649
Investments in unconsolidated subsidiaries and investees12,49812,491
Affiliate receivable12,499 
Other assets (including $0 in 2011 and $164 in 2010 from affiliates and related parties)90,235110,936
Total assets1,324,1311,557,275
Liabilities and Shareholders' Equity  
Notes and interest payable814,975913,134
Notes related to subject to sales contracts188,742315,547
Stock-secured notes payable and margin debt23,65523,100
Affiliate payables 12,219
Deferred gain (including $96,279 and $93,921 in 2011 and 2010 from sales to related parties)103,06498,504
Accounts payable and other liabilities (including $1,806 and $1,539 in 2011 and 2010 to affiliates and related parties)96,41188,506
Total liabilities1,226,8471,451,010
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 subsidiaries4,9084,979
Common stock, $.01 par value, authorized 100,000,000 shares; issued 11,941,174 and 11,874,138, and outstanding 11,525,389 and 11,466,853 shares in 2011 and in 2010115114
Treasury stock at cost; 415,785 and 407,285 shares in 2011 and 2010 and 238,789 and 276,972 shares held by TCI (consolidated) as of 2011 and 2010(6,395)(6,333)
Paid-in capital110,030110,419
Retained earnings(42,192)(47,776)
Accumulated other comprehensive income(786)(786)
Total American Realty Investors, Inc. shareholders' equity65,68060,617
Non-controlling interest31,60445,648
Total equity97,284106,265
Total liabilities and equity$ 1,324,131$ 1,557,275