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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Assets    
Real estate, at cost $ 1,066,094 $ 1,120,122
Real estate held for sale at cost, net of depreciation ($3,290 for 2012 and $1,752 for 2011) 2,329 15,015
Real estate subject to sales contracts at cost, net of depreciation ($15,042 and $9,790 in 2012 and 2011) 48,515 49,982
Less accumulated depreciation (154,499) (158,489)
Total real estate 962,439 1,026,630
Notes and interest receivable    
Performing (including $114,613 and $104,969 in 2012 and 2011 from affiliates and related parties) 118,710 110,136
Non-performing (including $0 and $0 in 2012 and 2011 from affiliates and related parties) 5,908 4,787
Less allowance for estimated losses (including $18,962 and $8,962 in 2012 and 2011 from affiliates and related parties) (23,383) (13,383)
Total notes and interest receivable 101,235 101,540
Cash and cash equivalents 18,090 20,312
Investments in unconsolidated subsidiaries and investees 7,437 10,746
Other assets (including $21 in 2012 and $11 in 2011 from affiliates and related parties) 71,044 76,243
Total assets 1,160,245 1,235,471
Liabilities:    
Notes and interest payable 800,162 855,619
Notes related to assets held for sale 3,868 13,830
Notes related to subject to sales contracts 55,503 44,516
Stock-secured notes payable and margin debt 26,133 26,898
Affiliate payables 13,816 10,294
Deferred gain (including $75,727 and $71,964 in 2012 and 2011 from sales to related parties) 77,572 78,750
Accounts payable and other liabilities (including $1,925 and $1,822 in 2012 and 2011 to affiliates and related parties) 91,921 110,307
Total Liabilities 1,068,975 1,140,214
Shareholders' equity:    
Preferred stock, Series A: $2.00 par value, authorized 15,000,000 shares, issued and outstanding 3,353,954 shares in 2012 and 2011 (liquidation preference $10 per share), including 900,000 shares in 2012 and 2011 held by subsidiaries 4,908 4,908
Common stock, $.01 par value, authorized 100,000,000 shares; issued 11,941,174 shares and outstanding 11,525,389 shares in 2012 and 2011 115 115
Treasury stock at cost; 415,785 shares in 2012 and 2011 and 229,214 and 236,587 shares held by TCI as of 2012 and 2011. (6,395) (6,395)
Paid-in capital 107,092 105,388
Retained earnings (49,121) (47,486)
Accumulated other comprehensive income (786) (786)
Total American Realty Investors, Inc. shareholders' equity 55,813 55,744
Non-controlling interest 35,457 39,513
Total equity 91,270 95,257
Total liabilities and equity $ 1,160,245 $ 1,235,471