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CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Assets    
Real estate, at cost $ 770,583 $ 799,698
Real estate held for sale at cost, net of depreciation ($1,489 for 2014 and $2,390 for 2013) 627 16,427
Real estate subject to sales contracts at cost, net of depreciation ($2,124 for 2014 and $1,949 for 2013) 23,087 27,598
Less accumulated depreciation (123,137) (143,429)
Total real estate 671,160 700,294
Notes and interest receivable    
Performing (including $146,813 in 2014 and $145,754 in 2013 from related parties) 154,410 153,275
Non-performing 3,141 3,140
Less allowance for doubtful accounts (including $15,809 in 2014 and 2013 from related parties) (19,537) (19,600)
Total notes and interest receivable 138,014 136,815
Cash and cash equivalents 13,721 16,437
Restricted cash 26,171 32,929
Investments in unconsolidated subsidiaries and investees 3,833 3,789
Receivable from related party 26,094 14,086
Other assets 43,232 38,972
Total assets 922,225 943,322
Liabilities:    
Notes and interest payable 621,663 618,930
Notes related to assets held for sale 3,006 17,100
Notes related to subject to sales contracts 20,758 23,012
Deferred revenue (including $74,303 in 2014 and 2013 from sales to related parties) 76,148 76,148
Accounts payable and other liabilities (including $16,522 in 2014 and $15,394 in 2013 to related parties) 60,757 73,271
Total Liabilities 782,332 808,461
Shareholders' equity:    
Preferred stock, Series A: $2.00 par value, authorized 15,000,000 shares, issued and outstanding 3,353,954 shares in 2014 and 2013 (liquidation preference $10 per share), including 900,000 shares in 2014 and 2013 held by subsidiaries. Series K: $2.00 par value, authorized, issued and outstanding 135,000 shares in 2014 and 2013, respectively (liquidation preference $22 per share) 4,908 4,908
Common stock, $0.01 par value, authorized 100,000,000 shares; issued 11,941,174 shares and outstanding 11,525,389 shares in 2014 and 2013 115 115
Treasury stock at cost; 415,785 shares in 2014 and 2013 and 229,214 shares held by TCI (consolidated) as of 2014 and 2013 (6,395) (6,395)
Paid-in capital 101,584 102,974
Retained earnings (6,727) (11,795)
Total American Realty Investors, Inc. shareholders' equity 93,485 89,807
Non-controlling interest 46,408 45,054
Total equity 139,893 134,861
Total liabilities and equity $ 922,225 $ 943,322