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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Real estate, at cost $ 1,056,941 $ 1,120,122
Real estate held for sale at cost, net of depreciation ($0 for 2012 and $1,752 for 2011) 0 15,015
Real estate subject to sales contracts at cost, net of depreciation ($15,290 and $9,790 in 2012 and 2011) 46,601 49,982
Less accumulated depreciation (159,747) (158,489)
Total real estate 943,795 1,026,630
Performing (including $110,987 and $104,969 in 2012 and 2011 from related parties) 117,767 110,136
Non-performing 4,256 4,787
Less allowance for estimated losses (including $18,962 and $8,962 in 2012 and 2011 from related parties) (21,704) (13,383)
Total notes and interest receivable 100,319 101,540
Cash and cash equivalents 6,738 20,312
Investments in unconsolidated subsidiaries and investees 7,625 10,746
Related party receivable 1,063 0
Other assets (including $21 in 2012 and $11 in 2011 from related parties) 74,050 76,243
Total assets 1,133,590 1,235,471
Liabilities:    
Notes and interest payable 789,623 855,619
Notes related to assets held for sale 0 13,830
Notes related to subject to sales contracts 53,442 44,516
Stock-secured notes payable and margin debt 26,737 26,898
Related party payables 0 10,294
Deferred gain (including $74,846 and $71,964 in 2012 and 2011 from sales to related parties) 76,691 78,750
Accounts payable and other liabilities (including $2,007 and $1,822 in 2012 and 2011 to related parties) 95,886 110,307
Total Liabilities 1,042,379 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 106,396 105,388
Retained earnings (48,559) (47,486)
Accumulated other comprehensive income (786) (786)
Total American Realty Investors, Inc. shareholders' equity 55,679 55,744
Non-controlling interest 35,532 39,513
Total equity 91,211 95,257
Total liabilities and equity $ 1,133,590 $ 1,235,471