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<link:linkbase xmlns="http://www.xbrl.org/2003/linkbase"
		xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
		xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"
		xmlns:fil="http://www.amrealtytrust.com/20140930"
		xmlns:link="http://www.xbrl.org/2003/linkbase"
		xmlns:xlink="http://www.w3.org/1999/xlink"
		xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
		xmlns:xbrli="http://www.xbrl.org/2003/instance">
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel"/>
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel"/>
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel"/>
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_AcresOfLandSunsetLodgeLand' xlink:label='fil_AcresOfLandSunsetLodgeLand'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AcresOfLandSunsetLodgeLand' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Acres of Land Sunset Lodge land</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AcresOfLandSunsetLodgeLand' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Sales contract to sell acres of Land Sunset Lodge land(units)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AcresOfLandSunsetLodgeLand' xlink:to='lab_fil_AcresOfLandSunsetLodgeLand'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SubsequentEventsTransactionsAsFollowsAbstract' xlink:label='fil_SubsequentEventsTransactionsAsFollowsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SubsequentEventsTransactionsAsFollowsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>SUBSEQUENT EVENTS TRANSACTIONS:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SubsequentEventsTransactionsAsFollowsAbstract' xlink:to='lab_fil_SubsequentEventsTransactionsAsFollowsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_DamagesToTciIncreasedCosts' xlink:label='fil_DamagesToTciIncreasedCosts'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DamagesToTciIncreasedCosts' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Damages to TCI increased costs</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DamagesToTciIncreasedCosts' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Damages to TCI loss opportunity increased costs</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DamagesToTciIncreasedCosts' xlink:to='lab_fil_DamagesToTciIncreasedCosts'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Depreciation2' xlink:label='fil_Depreciation2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Depreciation2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Depreciation {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Depreciation2' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Depreciation</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Depreciation2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets&apos; useful lives. Includes production and non-production related depreciation.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Depreciation2' xlink:to='lab_fil_Depreciation2'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_LitigationSettlement' xlink:label='fil_LitigationSettlement'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LitigationSettlement' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Litigation settlement {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LitigationSettlement' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Litigation settlement</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LitigationSettlement' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of litigation expense, including but not limited to legal, forensic, accounting, and investigative fees.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LitigationSettlement' xlink:to='lab_fil_LitigationSettlement'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ProvisionOnImpairmentOfNotesReceivableAndRealEstateAssets1' xlink:label='fil_ProvisionOnImpairmentOfNotesReceivableAndRealEstateAssets1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ProvisionOnImpairmentOfNotesReceivableAndRealEstateAssets1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Provision on impairment of notes receivable and real estate assets {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ProvisionOnImpairmentOfNotesReceivableAndRealEstateAssets1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Provision on impairment of notes receivable and real estate assets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ProvisionOnImpairmentOfNotesReceivableAndRealEstateAssets1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Provision on impairment of notes receivable and real estate assets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ProvisionOnImpairmentOfNotesReceivableAndRealEstateAssets1' xlink:to='lab_fil_ProvisionOnImpairmentOfNotesReceivableAndRealEstateAssets1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Other2' xlink:label='fil_Other2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Other2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Other2' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Other</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Other2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Other2' xlink:to='lab_fil_Other2'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_IncomesFromDiscontinuedOperation' xlink:label='fil_IncomesFromDiscontinuedOperation'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomesFromDiscontinuedOperation' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income from discontinued operations</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomesFromDiscontinuedOperation' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncomesFromDiscontinuedOperation' xlink:to='lab_fil_IncomesFromDiscontinuedOperation'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NotesPayable' xlink:label='us-gaap_NotesPayable'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NotesPayable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Notes payable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NotesPayable' xlink:to='lab_us-gaap_NotesPayable'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OtherNonRelatedPartyNotes1' xlink:label='fil_OtherNonRelatedPartyNotes1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherNonRelatedPartyNotes1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other non-related party notes {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherNonRelatedPartyNotes1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Other non-related party notes</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherNonRelatedPartyNotes1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Interest Receivable Performing Financing Notes Receivable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OtherNonRelatedPartyNotes1' xlink:to='lab_fil_OtherNonRelatedPartyNotes1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TracySuttles2' xlink:label='fil_TracySuttles2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TracySuttles2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Tracy Suttles (2)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TracySuttles2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>nterestReceivablePerformingFinancingNotesReceivable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TracySuttles2' xlink:to='lab_fil_TracySuttles2'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationInc' xlink:label='fil_UnifiedHousingFoundationInc'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationInc' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationInc' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationInc' xlink:to='lab_fil_UnifiedHousingFoundationInc'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncParksideCrossing1' xlink:label='fil_UnifiedHousingFoundationIncParksideCrossing1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncParksideCrossing1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Parkside Crossing) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncParksideCrossing1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncParksideCrossing1' xlink:to='lab_fil_UnifiedHousingFoundationIncParksideCrossing1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_LessAccumulatedDeprecation' xlink:label='fil_LessAccumulatedDeprecation'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LessAccumulatedDeprecation' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Less accumulated deprecation</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LessAccumulatedDeprecation' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount as of the balance sheet date of accumulated depreciation pertaining to real estate properties.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LessAccumulatedDeprecation' xlink:to='lab_fil_LessAccumulatedDeprecation'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NumberOfIndustrialWarehouses' xlink:label='fil_NumberOfIndustrialWarehouses'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfIndustrialWarehouses' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Number of industrial warehouses</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfIndustrialWarehouses' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Number of industrial warehouses</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NumberOfIndustrialWarehouses' xlink:to='lab_fil_NumberOfIndustrialWarehouses'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NumberOfCommercialProperties' xlink:label='fil_NumberOfCommercialProperties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfCommercialProperties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Number of commercial properties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfCommercialProperties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Number of commercial properties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NumberOfCommercialProperties' xlink:to='lab_fil_NumberOfCommercialProperties'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PresentedBelowIsSegmentsOperatingIncomeIncludingSegmentsAssetsAndExpenditureTextBlock' xlink:label='fil_PresentedBelowIsSegmentsOperatingIncomeIncludingSegmentsAssetsAndExpenditureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PresentedBelowIsSegmentsOperatingIncomeIncludingSegmentsAssetsAndExpenditureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>SCHEDULE OF OPERATING SEGMENTS {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PresentedBelowIsSegmentsOperatingIncomeIncludingSegmentsAssetsAndExpenditureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>SCHEDULE OF OPERATING SEGMENTS</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PresentedBelowIsSegmentsOperatingIncomeIncludingSegmentsAssetsAndExpenditureTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabular disclosure of operating income including segment assets and expenditures of the entity during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PresentedBelowIsSegmentsOperatingIncomeIncludingSegmentsAssetsAndExpenditureTextBlock' xlink:to='lab_fil_PresentedBelowIsSegmentsOperatingIncomeIncludingSegmentsAssetsAndExpenditureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SummaryOfNotesAndInterestPayableAbstract' xlink:label='fil_SummaryOfNotesAndInterestPayableAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SummaryOfNotesAndInterestPayableAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Summary Of Notes And Interest Payable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SummaryOfNotesAndInterestPayableAbstract' xlink:to='lab_fil_SummaryOfNotesAndInterestPayableAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_EARNINGSPERSHAREAbstract' xlink:label='fil_EARNINGSPERSHAREAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_EARNINGSPERSHAREAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>EARNINGS PER SHARE</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_EARNINGSPERSHAREAbstract' xlink:to='lab_fil_EARNINGSPERSHAREAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock' xlink:label='us-gaap_RelatedPartyTransactionsDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>RELATED PARTY TRANSACTIONS {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>RELATED PARTY TRANSACTIONS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RelatedPartyTransactionsDisclosureTextBlock' xlink:to='lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet' xlink:label='us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accrued interest receivable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet' xlink:to='lab_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingAssetsAbstract' xlink:label='us-gaap_IncreaseDecreaseInOperatingAssetsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInOperatingAssetsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Decrease (increase) in assets:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInOperatingAssetsAbstract' xlink:to='lab_us-gaap_IncreaseDecreaseInOperatingAssetsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets' xlink:label='us-gaap_GainLossOnDispositionOfAssets'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_GainLossOnDispositionOfAssets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Gain on sale of land</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_GainLossOnDispositionOfAssets' xlink:to='lab_us-gaap_GainLossOnDispositionOfAssets'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CapitalUnitsMember' xlink:label='us-gaap_CapitalUnitsMember'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CapitalUnitsMember' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common Stock Shares</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CapitalUnitsMember' xlink:to='lab_us-gaap_CapitalUnitsMember'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare' xlink:label='us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income from discontinued operations {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Net income from discontinued operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare' xlink:to='lab_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare' xlink:label='us-gaap_IncomeLossFromContinuingOperationsPerBasicShare'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net loss from continuing operations {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Net loss from continuing operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeLossFromContinuingOperationsPerBasicShare' xlink:to='lab_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LitigationSettlementAmount' xlink:label='us-gaap_LitigationSettlementAmount'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LitigationSettlementAmount' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Litigation settlement</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LitigationSettlementAmount' xlink:to='lab_us-gaap_LitigationSettlementAmount'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingIncomeLoss' xlink:label='us-gaap_OperatingIncomeLoss'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OperatingIncomeLoss' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Operating income (loss)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OperatingIncomeLoss' xlink:to='lab_us-gaap_OperatingIncomeLoss'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PropertyOperatingExpensesIncluding171And178ForTheThreeMonthsAnd484And550ForTheNineMonthsEnded2014And2013RespectivelyFromRelatedParties1' xlink:label='fil_PropertyOperatingExpensesIncluding171And178ForTheThreeMonthsAnd484And550ForTheNineMonthsEnded2014And2013RespectivelyFromRelatedParties1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PropertyOperatingExpensesIncluding171And178ForTheThreeMonthsAnd484And550ForTheNineMonthsEnded2014And2013RespectivelyFromRelatedParties1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Property operating expenses (including $171 and $178 for the three months and $484 and $550 for the nine months ended 2014 and 2013, respectively, from related parties)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PropertyOperatingExpensesIncluding171And178ForTheThreeMonthsAnd484And550ForTheNineMonthsEnded2014And2013RespectivelyFromRelatedParties1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PropertyOperatingExpensesIncluding171And178ForTheThreeMonthsAnd484And550ForTheNineMonthsEnded2014And2013RespectivelyFromRelatedParties1' xlink:to='lab_fil_PropertyOperatingExpensesIncluding171And178ForTheThreeMonthsAnd484And550ForTheNineMonthsEnded2014And2013RespectivelyFromRelatedParties1'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MinorityInterest' xlink:label='us-gaap_MinorityInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_MinorityInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Non-controlling interest</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_MinorityInterest' xlink:to='lab_us-gaap_MinorityInterest'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName' xlink:label='dei_EntityRegistrantName'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityRegistrantName' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Registrant Name</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityRegistrantName' xlink:to='lab_dei_EntityRegistrantName'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RecordredGainOnSaleInMillions1' xlink:label='fil_RecordredGainOnSaleInMillions1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RecordredGainOnSaleInMillions1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Recordred gain on sale in millions</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RecordredGainOnSaleInMillions1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Recordred gain on sale in millions</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RecordredGainOnSaleInMillions1' xlink:to='lab_fil_RecordredGainOnSaleInMillions1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_StockOptionsOutstanding' xlink:label='fil_StockOptionsOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_StockOptionsOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Stock Options Outstanding</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_StockOptionsOutstanding' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The total number of stock options outstanding as of the stated date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_StockOptionsOutstanding' xlink:to='lab_fil_StockOptionsOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SharesOfSeriesKConvertiblePreferredStockWhichAreOutstanding' xlink:label='fil_SharesOfSeriesKConvertiblePreferredStockWhichAreOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SharesOfSeriesKConvertiblePreferredStockWhichAreOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Shares of Series K convertible preferred stock, which are outstanding</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SharesOfSeriesKConvertiblePreferredStockWhichAreOutstanding' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Shares of Series K convertible preferred stock,outstanding.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SharesOfSeriesKConvertiblePreferredStockWhichAreOutstanding' xlink:to='lab_fil_SharesOfSeriesKConvertiblePreferredStockWhichAreOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SeiesASharesConvertedToCommonStock' xlink:label='fil_SeiesASharesConvertedToCommonStock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SeiesASharesConvertedToCommonStock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Seies A Shares converted to Common Stock</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SeiesASharesConvertedToCommonStock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Seies A Shares converted to Common Stock</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SeiesASharesConvertedToCommonStock' xlink:to='lab_fil_SeiesASharesConvertedToCommonStock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_InterestAwardedToTheClapperEntities' xlink:label='fil_InterestAwardedToTheClapperEntities'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestAwardedToTheClapperEntities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Interest awarded to the clapper entities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestAwardedToTheClapperEntities' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The total amount of interest awarded to the clapper entities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InterestAwardedToTheClapperEntities' xlink:to='lab_fil_InterestAwardedToTheClapperEntities'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_LoanChargesAndPrepaymentPenalties1' xlink:label='fil_LoanChargesAndPrepaymentPenalties1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LoanChargesAndPrepaymentPenalties1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Loan charges and prepayment penalties {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LoanChargesAndPrepaymentPenalties1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Loan charges and prepayment penalties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LoanChargesAndPrepaymentPenalties1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Loan charges and prepayment penalties during the period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LoanChargesAndPrepaymentPenalties1' xlink:to='lab_fil_LoanChargesAndPrepaymentPenalties1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OtherNonSegmentItemsOfIncomeExpenseAbstract' xlink:label='fil_OtherNonSegmentItemsOfIncomeExpenseAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherNonSegmentItemsOfIncomeExpenseAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other non-segment items of income (expense):</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OtherNonSegmentItemsOfIncomeExpenseAbstract' xlink:to='lab_fil_OtherNonSegmentItemsOfIncomeExpenseAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ExpensesPaidByAdvisor' xlink:label='fil_ExpensesPaidByAdvisor'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ExpensesPaidByAdvisor' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Expenses paid by Advisor</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ExpensesPaidByAdvisor' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of expenses paid by Advisor</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ExpensesPaidByAdvisor' xlink:to='lab_fil_ExpensesPaidByAdvisor'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Commercial3' xlink:label='fil_Commercial3'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Commercial3' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Commercial {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Commercial3' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Commercial</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Commercial3' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Total carrying value of notes and interest payable as of balance sheet date.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Commercial3' xlink:to='lab_fil_Commercial3'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SummaryOfTheUnconsolidatedSubsidiariesAndInvesteesAsFollowsAbstract' xlink:label='fil_SummaryOfTheUnconsolidatedSubsidiariesAndInvesteesAsFollowsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SummaryOfTheUnconsolidatedSubsidiariesAndInvesteesAsFollowsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Summary of the unconsolidated subsidiaries and investees as follows:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SummaryOfTheUnconsolidatedSubsidiariesAndInvesteesAsFollowsAbstract' xlink:to='lab_fil_SummaryOfTheUnconsolidatedSubsidiariesAndInvesteesAsFollowsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncTivoli11' xlink:label='fil_UnifiedHousingFoundationIncTivoli11'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncTivoli11' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Tivoli) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncTivoli11' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncTivoli11' xlink:to='lab_fil_UnifiedHousingFoundationIncTivoli11'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncEchoStation1' xlink:label='fil_UnifiedHousingFoundationIncEchoStation1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncEchoStation1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Echo Station) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncEchoStation1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncEchoStation1' xlink:to='lab_fil_UnifiedHousingFoundationIncEchoStation1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TciSoldApartmentComplexNoOfUnits' xlink:label='fil_TciSoldApartmentComplexNoOfUnits'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TciSoldApartmentComplexNoOfUnits' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>TCI sold apartment complex (No of units)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TciSoldApartmentComplexNoOfUnits' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>TCI sold apartment complex</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TciSoldApartmentComplexNoOfUnits' xlink:to='lab_fil_TciSoldApartmentComplexNoOfUnits'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ScheduleOfOperatingSegmentsAbstract' xlink:label='fil_ScheduleOfOperatingSegmentsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ScheduleOfOperatingSegmentsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>SCHEDULE OF OPERATING SEGMENTS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ScheduleOfOperatingSegmentsAbstract' xlink:to='lab_fil_ScheduleOfOperatingSegmentsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ScheduleOfSummaryOfTheRealEstateOwnedAbstract' xlink:label='fil_ScheduleOfSummaryOfTheRealEstateOwnedAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ScheduleOfSummaryOfTheRealEstateOwnedAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Schedule of summary of the real estate owned</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ScheduleOfSummaryOfTheRealEstateOwnedAbstract' xlink:to='lab_fil_ScheduleOfSummaryOfTheRealEstateOwnedAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAbstract' xlink:label='us-gaap_RealEstateAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RealEstateAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>REAL ESTATE ACTIVITY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RealEstateAbstract' xlink:to='lab_us-gaap_RealEstateAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ORGANIZATIONANDSUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESAbstract' xlink:label='fil_ORGANIZATIONANDSUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ORGANIZATIONANDSUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>ORGANIZATION AND BASIS OF PRESENTATION</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ORGANIZATIONANDSUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESAbstract' xlink:to='lab_fil_ORGANIZATIONANDSUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfFinancingCosts' xlink:label='us-gaap_PaymentsOfFinancingCosts'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PaymentsOfFinancingCosts' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Deferred financing costs</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PaymentsOfFinancingCosts' xlink:to='lab_us-gaap_PaymentsOfFinancingCosts'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RepaymentsOfNotesPayable' xlink:label='us-gaap_RepaymentsOfNotesPayable'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RepaymentsOfNotesPayable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Payments on maturing notes payable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RepaymentsOfNotesPayable' xlink:to='lab_us-gaap_RepaymentsOfNotesPayable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding' xlink:label='us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Earnest money</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding' xlink:to='lab_us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets' xlink:label='us-gaap_IncreaseDecreaseInOtherOperatingAssets'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other assets {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Other assets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInOtherOperatingAssets' xlink:to='lab_us-gaap_IncreaseDecreaseInOtherOperatingAssets'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember' xlink:label='us-gaap_AccumulatedOtherComprehensiveIncomeMember'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accumulated Other Comprehensive Income (Loss)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AccumulatedOtherComprehensiveIncomeMember' xlink:to='lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_InterestIncomeFromRelatedParties' xlink:label='fil_InterestIncomeFromRelatedParties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestIncomeFromRelatedParties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Interest income from related parties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestIncomeFromRelatedParties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of Interest income from related parties during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InterestIncomeFromRelatedParties' xlink:to='lab_fil_InterestIncomeFromRelatedParties'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare' xlink:label='us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net loss from continuing operations {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Net loss from continuing operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare' xlink:to='lab_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest' xlink:label='us-gaap_NetIncomeLossAttributableToNoncontrollingInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net (income) loss attributable to non-controlling interest</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetIncomeLossAttributableToNoncontrollingInterest' xlink:to='lab_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpenses' xlink:label='us-gaap_OperatingExpenses'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OperatingExpenses' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total operating expenses</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OperatingExpenses' xlink:to='lab_us-gaap_OperatingExpenses'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenuesAbstract' xlink:label='us-gaap_RevenuesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RevenuesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Revenues:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RevenuesAbstract' xlink:to='lab_us-gaap_RevenuesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PreferredStockSeriesKParValue' xlink:label='fil_PreferredStockSeriesKParValue'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockSeriesKParValue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred stock Series K, par value</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockSeriesKParValue' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PreferredStockSeriesKParValue' xlink:to='lab_fil_PreferredStockSeriesKParValue'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityAbstract' xlink:label='us-gaap_StockholdersEquityAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockholdersEquityAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Shareholders&apos; equity:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StockholdersEquityAbstract' xlink:to='lab_us-gaap_StockholdersEquityAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Assets' xlink:label='us-gaap_Assets'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Assets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total assets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_Assets' xlink:to='lab_us-gaap_Assets'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RealEstateHeldForSaleAtCost' xlink:label='fil_RealEstateHeldForSaleAtCost'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateHeldForSaleAtCost' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real estate held for sale at cost, net of depreciation ($2,066 for 2014 and $2,390 for 2013)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateHeldForSaleAtCost' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The carrying value of the Real estate held for sale at cost, net of depreciation as of the date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RealEstateHeldForSaleAtCost' xlink:to='lab_fil_RealEstateHeldForSaleAtCost'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate' xlink:label='dei_CurrentFiscalYearEndDate'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_CurrentFiscalYearEndDate' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Current Fiscal Year End Date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_CurrentFiscalYearEndDate' xlink:to='lab_dei_CurrentFiscalYearEndDate'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OriginalLoanCommitmentWereToBeMadeToTheEntities' xlink:label='fil_OriginalLoanCommitmentWereToBeMadeToTheEntities'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OriginalLoanCommitmentWereToBeMadeToTheEntities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Original Loan Commitment Were To Be Made To The Entities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OriginalLoanCommitmentWereToBeMadeToTheEntities' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Original loan commitment were to be made to the entities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OriginalLoanCommitmentWereToBeMadeToTheEntities' xlink:to='lab_fil_OriginalLoanCommitmentWereToBeMadeToTheEntities'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_WrittenOffTheUnreservedBalance' xlink:label='fil_WrittenOffTheUnreservedBalance'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_WrittenOffTheUnreservedBalance' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Written off the unreserved balance</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_WrittenOffTheUnreservedBalance' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Written off the unreserved balance</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_WrittenOffTheUnreservedBalance' xlink:to='lab_fil_WrittenOffTheUnreservedBalance'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RentalAndOtherPropertyRevenues' xlink:label='fil_RentalAndOtherPropertyRevenues'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RentalAndOtherPropertyRevenues' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Rental and other property revenues</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RentalAndOtherPropertyRevenues' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Revenue earned during the period from leasing or renting out the reporting entity&apos;s property or equipment.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RentalAndOtherPropertyRevenues' xlink:to='lab_fil_RentalAndOtherPropertyRevenues'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RealEstateSubjectToSalesContract6' xlink:label='fil_RealEstateSubjectToSalesContract6'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateSubjectToSalesContract6' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real estate subject to sales contract {3}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateSubjectToSalesContract6' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Real estate subject to sales contract</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateSubjectToSalesContract6' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. For classified balance sheets, used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer); for unclassified balance sheets, used to reflect the total liabilities (regardless of due date)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RealEstateSubjectToSalesContract6' xlink:to='lab_fil_RealEstateSubjectToSalesContract6'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RealEstateSubjectToSalesContract1' xlink:label='fil_RealEstateSubjectToSalesContract1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateSubjectToSalesContract1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real estate subject to sales contract {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateSubjectToSalesContract1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Real estate subject to sales contract</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateSubjectToSalesContract1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RealEstateSubjectToSalesContract1' xlink:to='lab_fil_RealEstateSubjectToSalesContract1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OperatingsExpenses1' xlink:label='fil_OperatingsExpenses1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OperatingsExpenses1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Operating expenses</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OperatingsExpenses1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OperatingsExpenses1' xlink:to='lab_fil_OperatingsExpenses1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OtherNonRelatedPartyNotes' xlink:label='fil_OtherNonRelatedPartyNotes'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherNonRelatedPartyNotes' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other non-related party notes</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherNonRelatedPartyNotes' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OtherNonRelatedPartyNotes' xlink:to='lab_fil_OtherNonRelatedPartyNotes'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_LandHeldForDevelopment' xlink:label='fil_LandHeldForDevelopment'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LandHeldForDevelopment' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Land held for development</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LandHeldForDevelopment' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Carrying amount of land available for development.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LandHeldForDevelopment' xlink:to='lab_fil_LandHeldForDevelopment'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SummaryOfRealEstateOwnedDetailsAbstract' xlink:label='fil_SummaryOfRealEstateOwnedDetailsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SummaryOfRealEstateOwnedDetailsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Summary of real estate owned details:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SummaryOfRealEstateOwnedDetailsAbstract' xlink:to='lab_fil_SummaryOfRealEstateOwnedDetailsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NOTESANDINTERESTRECEIVABLE' xlink:label='fil_NOTESANDINTERESTRECEIVABLE'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NOTESANDINTERESTRECEIVABLE' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>NOTES AND INTEREST RECEIVABLES</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NOTESANDINTERESTRECEIVABLE' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>NOTES AND INTEREST RECEIVABLES</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NOTESANDINTERESTRECEIVABLE' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabular disclosure for mortgage notes receivable consist of first, wraparound and junior mortgaage loans of the entity during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NOTESANDINTERESTRECEIVABLE' xlink:to='lab_fil_NOTESANDINTERESTRECEIVABLE'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract' xlink:label='us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>DISCONTINUED OPERATIONS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract' xlink:to='lab_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_DistributionsToNonControllingInterests' xlink:label='fil_DistributionsToNonControllingInterests'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DistributionsToNonControllingInterests' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Distributions to non-controlling interests</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DistributionsToNonControllingInterests' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of cash outflow for the distributions to noncontrolling interest during the period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DistributionsToNonControllingInterests' xlink:to='lab_fil_DistributionsToNonControllingInterests'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_StockSecuredBorrowingsAndMarginDebt' xlink:label='fil_StockSecuredBorrowingsAndMarginDebt'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_StockSecuredBorrowingsAndMarginDebt' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Stock-secured borrowings</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_StockSecuredBorrowingsAndMarginDebt' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of cash inflow of stock secured borrowing during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_StockSecuredBorrowingsAndMarginDebt' xlink:to='lab_fil_StockSecuredBorrowingsAndMarginDebt'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromCollectionOfNotesReceivable' xlink:label='us-gaap_ProceedsFromCollectionOfNotesReceivable'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ProceedsFromCollectionOfNotesReceivable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Proceeds from notes receivable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ProceedsFromCollectionOfNotesReceivable' xlink:to='lab_us-gaap_ProceedsFromCollectionOfNotesReceivable'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_COMPREHENSIVEINCOMELOSSDURINGAbstract' xlink:label='fil_COMPREHENSIVEINCOMELOSSDURINGAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_COMPREHENSIVEINCOMELOSSDURINGAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>COMPREHENSIVE INCOME (LOSS) DURING</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_COMPREHENSIVEINCOMELOSSDURINGAbstract' xlink:to='lab_fil_COMPREHENSIVEINCOMELOSSDURINGAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StatementLineItems' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Statement</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StatementLineItems' xlink:to='lab_us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding' xlink:label='us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Weighted average common shares used in computing diluted earnings per share</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding' xlink:to='lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockDividendsAndOtherAdjustments' xlink:label='us-gaap_PreferredStockDividendsAndOtherAdjustments'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreferredStockDividendsAndOtherAdjustments' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred dividend requirement</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreferredStockDividendsAndOtherAdjustments' xlink:to='lab_us-gaap_PreferredStockDividendsAndOtherAdjustments'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NetIncomeLossAttributableToAmericanRealtyInvestorsInc' xlink:label='fil_NetIncomeLossAttributableToAmericanRealtyInvestorsInc'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeLossAttributableToAmericanRealtyInvestorsInc' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income (loss) attributable to American Realty Investors, Inc.</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeLossAttributableToAmericanRealtyInvestorsInc' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NetIncomeLossAttributableToAmericanRealtyInvestorsInc' xlink:to='lab_fil_NetIncomeLossAttributableToAmericanRealtyInvestorsInc'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapital' xlink:label='us-gaap_AdditionalPaidInCapital'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AdditionalPaidInCapital' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Paid-in capital</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AdditionalPaidInCapital' xlink:to='lab_us-gaap_AdditionalPaidInCapital'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockValue' xlink:label='us-gaap_CommonStockValue'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockValue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common stock, $0.01 par value, authorized 100,000,000 shares; issued 14,443,404 shares in 2014 and 11,941,174 shares in 2013; outstanding 14,027,619 shares in 2014 and 11,525,389 shares in 2013; including 140,000 shares held by TCI (consolidated) in 2014 and 229,214 shares held by TCI (consolidated) in 2013.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockValue' xlink:to='lab_us-gaap_CommonStockValue'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NotesRelatedToAssetsHeldForSale' xlink:label='fil_NotesRelatedToAssetsHeldForSale'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesRelatedToAssetsHeldForSale' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Notes related to assets held for sale</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesRelatedToAssetsHeldForSale' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The carrying value of notes related to assets held for sale as of the balance sheet date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NotesRelatedToAssetsHeldForSale' xlink:to='lab_fil_NotesRelatedToAssetsHeldForSale'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_LessAllowanceForDoubtfulAccounts' xlink:label='fil_LessAllowanceForDoubtfulAccounts'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LessAllowanceForDoubtfulAccounts' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Less allowance for doubtful accounts (including $15,537 in 2014 and $15,809 in 2013 from related parties)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LessAllowanceForDoubtfulAccounts' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The carrying value of allowance for estimated losses as of the date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LessAllowanceForDoubtfulAccounts' xlink:to='lab_fil_LessAllowanceForDoubtfulAccounts'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract' xlink:label='us-gaap_AssetsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AssetsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>ASSET</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AssetsAbstract' xlink:to='lab_us-gaap_AssetsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus' xlink:label='dei_EntityCurrentReportingStatus'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityCurrentReportingStatus' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Current Reporting Status</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityCurrentReportingStatus' xlink:to='lab_dei_EntityCurrentReportingStatus'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TciSoldApartmentComplexUnits' xlink:label='fil_TciSoldApartmentComplexUnits'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TciSoldApartmentComplexUnits' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>TCI sold apartment complex (units)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TciSoldApartmentComplexUnits' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>TCI sold apartment complex (units)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TciSoldApartmentComplexUnits' xlink:to='lab_fil_TciSoldApartmentComplexUnits'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PreferredStockHeldByArtHotelEquitiesOwnedSubsidiaries' xlink:label='fil_PreferredStockHeldByArtHotelEquitiesOwnedSubsidiaries'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockHeldByArtHotelEquitiesOwnedSubsidiaries' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred Stock held by ART Hotel Equities owned subsidiaries</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockHeldByArtHotelEquitiesOwnedSubsidiaries' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Preferred Stock held by ART Hotel Equities owned subsidiaries</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PreferredStockHeldByArtHotelEquitiesOwnedSubsidiaries' xlink:to='lab_fil_PreferredStockHeldByArtHotelEquitiesOwnedSubsidiaries'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SharesConvertedToCommonStockOfTheAverageDailyClosingPricePercent' xlink:label='fil_SharesConvertedToCommonStockOfTheAverageDailyClosingPricePercent'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SharesConvertedToCommonStockOfTheAverageDailyClosingPricePercent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Shares converted to Common Stock of the average daily closing price percent</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SharesConvertedToCommonStockOfTheAverageDailyClosingPricePercent' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The percentage of the average daily closing price of common stock for the prior 20 trading days that is used in the calculation of converting preferred stock to common stock</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SharesConvertedToCommonStockOfTheAverageDailyClosingPricePercent' xlink:to='lab_fil_SharesConvertedToCommonStockOfTheAverageDailyClosingPricePercent'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OtherIncomeExpense1Abstract' xlink:label='fil_OtherIncomeExpense1Abstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherIncomeExpense1Abstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other income (expense):</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OtherIncomeExpense1Abstract' xlink:to='lab_fil_OtherIncomeExpense1Abstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OtherAssets2' xlink:label='fil_OtherAssets2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherAssets2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other assets {3}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherAssets2' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Other assets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherAssets2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OtherAssets2' xlink:to='lab_fil_OtherAssets2'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SegmentAssets' xlink:label='fil_SegmentAssets'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SegmentAssets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Segment assets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SegmentAssets' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Consolidated entity assets.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SegmentAssets' xlink:to='lab_fil_SegmentAssets'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_CostReimbursements1' xlink:label='fil_CostReimbursements1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CostReimbursements1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cost reimbursements</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_CostReimbursements1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of cost reimbursements paid to Advisor</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CostReimbursements1' xlink:to='lab_fil_CostReimbursements1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_AdvisoryFees' xlink:label='fil_AdvisoryFees'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvisoryFees' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Advisory fees</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvisoryFees' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of advisory fee to Related Parties during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AdvisoryFees' xlink:to='lab_fil_AdvisoryFees'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TotalDebt1Abstract' xlink:label='fil_TotalDebt1Abstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalDebt1Abstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Debt:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalDebt1Abstract' xlink:to='lab_fil_TotalDebt1Abstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_N1RelatedPartyNotes' xlink:label='fil_N1RelatedPartyNotes'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_N1RelatedPartyNotes' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>(1) Related Party Notes</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_N1RelatedPartyNotes' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>N1RelatedPartyNotes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_N1RelatedPartyNotes' xlink:to='lab_fil_N1RelatedPartyNotes'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TotalNonPerformingFinancingNotesReceivableNoncurrent' xlink:label='fil_TotalNonPerformingFinancingNotesReceivableNoncurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalNonPerformingFinancingNotesReceivableNoncurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Non-Performing</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalNonPerformingFinancingNotesReceivableNoncurrent' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of non-current financing notes receivable due for the reporting period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalNonPerformingFinancingNotesReceivableNoncurrent' xlink:to='lab_fil_TotalNonPerformingFinancingNotesReceivableNoncurrent'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncTimbersAtThePark1' xlink:label='fil_UnifiedHousingFoundationIncTimbersAtThePark1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncTimbersAtThePark1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Timbers at the Park) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncTimbersAtThePark1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncTimbersAtThePark1' xlink:to='lab_fil_UnifiedHousingFoundationIncTimbersAtThePark1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncCliffsOfElDorado1' xlink:label='fil_UnifiedHousingFoundationIncCliffsOfElDorado1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncCliffsOfElDorado1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Cliffs of El Dorado) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncCliffsOfElDorado1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncCliffsOfElDorado1' xlink:to='lab_fil_UnifiedHousingFoundationIncCliffsOfElDorado1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SoldToRelatedPartyApartmentComplex' xlink:label='fil_SoldToRelatedPartyApartmentComplex'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SoldToRelatedPartyApartmentComplex' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Sold to related party apartment complex</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SoldToRelatedPartyApartmentComplex' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>TCI has sold to a related party one apartment complex</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SoldToRelatedPartyApartmentComplex' xlink:to='lab_fil_SoldToRelatedPartyApartmentComplex'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_AreaOfAcresOfDevelopedAndUndevelopedLand' xlink:label='fil_AreaOfAcresOfDevelopedAndUndevelopedLand'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AreaOfAcresOfDevelopedAndUndevelopedLand' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Area of acres of developed and undeveloped land</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AreaOfAcresOfDevelopedAndUndevelopedLand' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Area of acres of developed and undeveloped land</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AreaOfAcresOfDevelopedAndUndevelopedLand' xlink:to='lab_fil_AreaOfAcresOfDevelopedAndUndevelopedLand'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_DiscontinuedOperationsRelatesToPropertiesTextBlockAbstract' xlink:label='fil_DiscontinuedOperationsRelatesToPropertiesTextBlockAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DiscontinuedOperationsRelatesToPropertiesTextBlockAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>The following table summarizes revenue and expense information for these properties sold and held for sale</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DiscontinuedOperationsRelatesToPropertiesTextBlockAbstract' xlink:to='lab_fil_DiscontinuedOperationsRelatesToPropertiesTextBlockAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ScheduleOfTheTableBelowReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedStatementsOfOperationsTableTextBlock' xlink:label='fil_ScheduleOfTheTableBelowReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedStatementsOfOperationsTableTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ScheduleOfTheTableBelowReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedStatementsOfOperationsTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>The table below reconciles the segment information to the corresponding amounts in the Consolidated Statements of Operations {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ScheduleOfTheTableBelowReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedStatementsOfOperationsTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>The table below reconciles the segment information to the corresponding amounts in the Consolidated Statements of Operations</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ScheduleOfTheTableBelowReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedStatementsOfOperationsTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabular disclosure for the reconciles the segment information to the corresponding amounts in the Consolidated Statements of Operations.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ScheduleOfTheTableBelowReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedStatementsOfOperationsTableTextBlock' xlink:to='lab_fil_ScheduleOfTheTableBelowReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedStatementsOfOperationsTableTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ReconcilesTheSegmentInformationToCorrespondingAmountsInTheConsolidatedBalanceSheetsAbstract' xlink:label='fil_ReconcilesTheSegmentInformationToCorrespondingAmountsInTheConsolidatedBalanceSheetsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ReconcilesTheSegmentInformationToCorrespondingAmountsInTheConsolidatedBalanceSheetsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Reconciles the segment information to corresponding amounts in the Consolidated Balance Sheets:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ReconcilesTheSegmentInformationToCorrespondingAmountsInTheConsolidatedBalanceSheetsAbstract' xlink:to='lab_fil_ReconcilesTheSegmentInformationToCorrespondingAmountsInTheConsolidatedBalanceSheetsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ReconcilesOfTheRelatedPartyReceivableFromPayableDueToPillarAbstract' xlink:label='fil_ReconcilesOfTheRelatedPartyReceivableFromPayableDueToPillarAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ReconcilesOfTheRelatedPartyReceivableFromPayableDueToPillarAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Reconciles of the related party receivable from payable due to Pillar</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ReconcilesOfTheRelatedPartyReceivableFromPayableDueToPillarAbstract' xlink:to='lab_fil_ReconcilesOfTheRelatedPartyReceivableFromPayableDueToPillarAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock' xlink:label='us-gaap_BasisOfAccountingPolicyPolicyTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Basis of Presentation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_BasisOfAccountingPolicyPolicyTextBlock' xlink:to='lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingAbstract' xlink:label='us-gaap_SegmentReportingAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SegmentReportingAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>OPERATING SEGMENTS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_SegmentReportingAbstract' xlink:to='lab_us-gaap_SegmentReportingAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_IncreaseDecreaseEscrow' xlink:label='fil_IncreaseDecreaseEscrow'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncreaseDecreaseEscrow' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Escrow</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncreaseDecreaseEscrow' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Increase decrease in escrow.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncreaseDecreaseEscrow' xlink:to='lab_fil_IncreaseDecreaseEscrow'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NetIncome' xlink:label='fil_NetIncome'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncome' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncome' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>This element represents the income or loss from continuing operations attributable to noncontrolling interests, if any, which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items which are apportioned to that ownership interest in subsidiary equity which is not attributable to the parent</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NetIncome' xlink:to='lab_fil_NetIncome'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockMember' xlink:label='us-gaap_PreferredStockMember'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreferredStockMember' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred Stock</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreferredStockMember' xlink:to='lab_us-gaap_PreferredStockMember'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasic' xlink:label='us-gaap_EarningsPerShareBasic'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerShareBasic' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income (loss) applicable to common shares {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerShareBasic' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Net income (loss) applicable to common shares</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EarningsPerShareBasic' xlink:to='lab_us-gaap_EarningsPerShareBasic'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments' xlink:label='us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net loss from continuing operations before taxes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments' xlink:to='lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherNonoperatingExpense' xlink:label='us-gaap_OtherNonoperatingExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherNonoperatingExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total other expenses</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherNonoperatingExpense' xlink:to='lab_us-gaap_OtherNonoperatingExpense'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_EarningsFromUnconsolidatedSubsidiariesAndInvestees' xlink:label='fil_EarningsFromUnconsolidatedSubsidiariesAndInvestees'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_EarningsFromUnconsolidatedSubsidiariesAndInvestees' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Earnings from unconsolidated subsidiaries and investees</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_EarningsFromUnconsolidatedSubsidiariesAndInvestees' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Earnings from unconsolidated subsidiaries and investees during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_EarningsFromUnconsolidatedSubsidiariesAndInvestees' xlink:to='lab_fil_EarningsFromUnconsolidatedSubsidiariesAndInvestees'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfInvestments' xlink:label='us-gaap_GainLossOnSaleOfInvestments'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_GainLossOnSaleOfInvestments' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Loss on sale of investments</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_GainLossOnSaleOfInvestments' xlink:to='lab_us-gaap_GainLossOnSaleOfInvestments'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract' xlink:label='us-gaap_OtherIncomeAndExpensesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherIncomeAndExpensesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other income (expenses):</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherIncomeAndExpensesAbstract' xlink:to='lab_us-gaap_OtherIncomeAndExpensesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesAuthorized' xlink:label='us-gaap_PreferredStockSharesAuthorized'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreferredStockSharesAuthorized' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred stock Series A, shares authorized</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreferredStockSharesAuthorized' xlink:to='lab_us-gaap_PreferredStockSharesAuthorized'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredRevenue' xlink:label='us-gaap_DeferredRevenue'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DeferredRevenue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Deferred revenue (including $74,303 in 2014 and 2013 from sales to related parties)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DeferredRevenue' xlink:to='lab_us-gaap_DeferredRevenue'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAbstract' xlink:label='us-gaap_LiabilitiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Liabilities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LiabilitiesAbstract' xlink:to='lab_us-gaap_LiabilitiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_GainOnSaleOfRealEstateFromDiscontinuedOperations1' xlink:label='fil_GainOnSaleOfRealEstateFromDiscontinuedOperations1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_GainOnSaleOfRealEstateFromDiscontinuedOperations1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Gain on sale of real estate from discontinued operations {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_GainOnSaleOfRealEstateFromDiscontinuedOperations1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Gain on sale of real estate from discontinued operations</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_GainOnSaleOfRealEstateFromDiscontinuedOperations1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Pretax gain (loss), not previously recognized and resulting from the sale of a business component, which is recognized at the date of sale. A gain (loss) reflects the amount by which the consideration received exceeds (is exceeded by) the net carrying amount (reflecting previous provisions for loss on disposal, if any) of the disposal group.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_GainOnSaleOfRealEstateFromDiscontinuedOperations1' xlink:to='lab_fil_GainOnSaleOfRealEstateFromDiscontinuedOperations1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SummarizesRevenueAndExpenseInformationForThesePropertiesSoldAndHeldForSaleAbstract' xlink:label='fil_SummarizesRevenueAndExpenseInformationForThesePropertiesSoldAndHeldForSaleAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SummarizesRevenueAndExpenseInformationForThesePropertiesSoldAndHeldForSaleAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Summarizes revenue and expense information for these properties sold and held for sale:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SummarizesRevenueAndExpenseInformationForThesePropertiesSoldAndHeldForSaleAbstract' xlink:to='lab_fil_SummarizesRevenueAndExpenseInformationForThesePropertiesSoldAndHeldForSaleAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OtherIncome1' xlink:label='fil_OtherIncome1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherIncome1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other income {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherIncome1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Other income</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherIncome1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OtherIncome1' xlink:to='lab_fil_OtherIncome1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RealEstateHeldForSale3' xlink:label='fil_RealEstateHeldForSale3'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateHeldForSale3' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real estate held for sale {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateHeldForSale3' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Real estate held for sale</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateHeldForSale3' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Real estate held for sale (Accrued Interest)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RealEstateHeldForSale3' xlink:to='lab_fil_RealEstateHeldForSale3'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NetIncomeLoss3' xlink:label='fil_NetIncomeLoss3'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeLoss3' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeLoss3' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Net income</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeLoss3' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>This element represents the income or loss from continuing operations attributable to noncontrolling interests, if any, which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items which are apportioned to that ownership interest in subsidiary equity which is not attributable to the parent</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NetIncomeLoss3' xlink:to='lab_fil_NetIncomeLoss3'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SummaryOfTheResultsOfOperationsFromUnconsolidatedSubsidiariesAndInvesteesAsFollowsAbstract' xlink:label='fil_SummaryOfTheResultsOfOperationsFromUnconsolidatedSubsidiariesAndInvesteesAsFollowsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SummaryOfTheResultsOfOperationsFromUnconsolidatedSubsidiariesAndInvesteesAsFollowsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Summary of the results of operations from unconsolidated subsidiaries and investees as follows:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SummaryOfTheResultsOfOperationsFromUnconsolidatedSubsidiariesAndInvesteesAsFollowsAbstract' xlink:to='lab_fil_SummaryOfTheResultsOfOperationsFromUnconsolidatedSubsidiariesAndInvesteesAsFollowsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent' xlink:label='us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other liabilities {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Other liabilities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent' xlink:to='lab_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_HghResidentialIncParkWestIiApts' xlink:label='fil_HghResidentialIncParkWestIiApts'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_HghResidentialIncParkWestIiApts' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>HGH Residential, Inc. (Park West II Apts)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_HghResidentialIncParkWestIiApts' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_HghResidentialIncParkWestIiApts' xlink:to='lab_fil_HghResidentialIncParkWestIiApts'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_AcresOfLandValwoodAcers' xlink:label='fil_AcresOfLandValwoodAcers'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AcresOfLandValwoodAcers' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Acres of Land Valwood (Acers)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AcresOfLandValwoodAcers' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Acres of Land Valwood (Acers)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AcresOfLandValwoodAcers' xlink:to='lab_fil_AcresOfLandValwoodAcers'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock' xlink:label='us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Newly Issued Accounting Standards</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock' xlink:to='lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_CostCapitalizationPolicyTextBlock' xlink:label='fil_CostCapitalizationPolicyTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CostCapitalizationPolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cost capitalization</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_CostCapitalizationPolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The entire policy text block is about cost of capitalisation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CostCapitalizationPolicyTextBlock' xlink:to='lab_fil_CostCapitalizationPolicyTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventsTextBlock' xlink:label='us-gaap_SubsequentEventsTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SubsequentEventsTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>SUBSEQUENT EVENTS {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SubsequentEventsTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>SUBSEQUENT EVENTS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_SubsequentEventsTextBlock' xlink:to='lab_us-gaap_SubsequentEventsTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromNotesPayable' xlink:label='us-gaap_ProceedsFromNotesPayable'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ProceedsFromNotesPayable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Proceeds from notes payable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ProceedsFromNotesPayable' xlink:to='lab_us-gaap_ProceedsFromNotesPayable'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SaleOfNonControllingInterest' xlink:label='fil_SaleOfNonControllingInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SaleOfNonControllingInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Sale of non-controlling interest</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SaleOfNonControllingInterest' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Sale of non-controlling interest during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SaleOfNonControllingInterest' xlink:to='lab_fil_SaleOfNonControllingInterest'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries' xlink:label='us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Acquisition of non-controlling interest</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries' xlink:to='lab_us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsForCapitalImprovements' xlink:label='us-gaap_PaymentsForCapitalImprovements'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PaymentsForCapitalImprovements' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Improvement of income-producing properties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PaymentsForCapitalImprovements' xlink:to='lab_us-gaap_PaymentsForCapitalImprovements'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent' xlink:label='us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Payable to related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent' xlink:to='lab_us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NoncontrollingInterestMember' xlink:label='us-gaap_NoncontrollingInterestMember'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NoncontrollingInterestMember' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Non - controlling Interest</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NoncontrollingInterestMember' xlink:to='lab_us-gaap_NoncontrollingInterestMember'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeMember' xlink:label='us-gaap_ComprehensiveIncomeMember'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ComprehensiveIncomeMember' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Comprehensive Income (Loss)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ComprehensiveIncomeMember' xlink:to='lab_us-gaap_ComprehensiveIncomeMember'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDiluted' xlink:label='us-gaap_EarningsPerShareDiluted'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerShareDiluted' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income (loss) applicable to common shares {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerShareDiluted' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Net income (loss) applicable to common shares</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EarningsPerShareDiluted' xlink:to='lab_us-gaap_EarningsPerShareDiluted'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract' xlink:label='us-gaap_EarningsPerShareDilutedAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerShareDilutedAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Earnings per share - diluted</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EarningsPerShareDilutedAbstract' xlink:to='lab_us-gaap_EarningsPerShareDilutedAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesAuthorized' xlink:label='us-gaap_CommonStockSharesAuthorized'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockSharesAuthorized' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common stock, shares authorized</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockSharesAuthorized' xlink:to='lab_us-gaap_CommonStockSharesAuthorized'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PerformingFromRelatedParties' xlink:label='fil_PerformingFromRelatedParties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PerformingFromRelatedParties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Performing from related parties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PerformingFromRelatedParties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Performing from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PerformingFromRelatedParties' xlink:to='lab_fil_PerformingFromRelatedParties'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest' xlink:label='us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total American Realty Investors, Inc. shareholders&apos; equity</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest' xlink:to='lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsPayableAndOtherAccruedLiabilities' xlink:label='us-gaap_AccountsPayableAndOtherAccruedLiabilities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AccountsPayableAndOtherAccruedLiabilities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accounts payable and other liabilities (including $10,634 in 2014 and $15,394 in 2013 to related parties)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AccountsPayableAndOtherAccruedLiabilities' xlink:to='lab_us-gaap_AccountsPayableAndOtherAccruedLiabilities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashEquivalentsAtCarryingValue' xlink:label='us-gaap_CashEquivalentsAtCarryingValue'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CashEquivalentsAtCarryingValue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash and cash equivalents</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CashEquivalentsAtCarryingValue' xlink:to='lab_us-gaap_CashEquivalentsAtCarryingValue'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NonPerformingNotesAndInterestReceivable' xlink:label='fil_NonPerformingNotesAndInterestReceivable'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NonPerformingNotesAndInterestReceivable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Non-performing</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NonPerformingNotesAndInterestReceivable' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The carrying value of non-performing notes and interest receivable as of the date.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NonPerformingNotesAndInterestReceivable' xlink:to='lab_fil_NonPerformingNotesAndInterestReceivable'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SunsetLodgeForASalesPriceToAnIndependentThirdPartyMillion' xlink:label='fil_SunsetLodgeForASalesPriceToAnIndependentThirdPartyMillion'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SunsetLodgeForASalesPriceToAnIndependentThirdPartyMillion' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Sunset Lodge, for a sales price to an independent third party (million)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SunsetLodgeForASalesPriceToAnIndependentThirdPartyMillion' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Sunset Lodge, for a sales price to an independent third party (million)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SunsetLodgeForASalesPriceToAnIndependentThirdPartyMillion' xlink:to='lab_fil_SunsetLodgeForASalesPriceToAnIndependentThirdPartyMillion'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PreferredStockHeldByArtEdinaOwnedSubsidiaries' xlink:label='fil_PreferredStockHeldByArtEdinaOwnedSubsidiaries'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockHeldByArtEdinaOwnedSubsidiaries' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred Stock held by ART Edina owned subsidiaries</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockHeldByArtEdinaOwnedSubsidiaries' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Preferred Stock held by ART Edina owned subsidiaries</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PreferredStockHeldByArtEdinaOwnedSubsidiaries' xlink:to='lab_fil_PreferredStockHeldByArtEdinaOwnedSubsidiaries'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_DamagesToTciLossOpportunity' xlink:label='fil_DamagesToTciLossOpportunity'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DamagesToTciLossOpportunity' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Damages to TCI loss opportunity</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DamagesToTciLossOpportunity' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Damages to TCI loss opportunity</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DamagesToTciLossOpportunity' xlink:to='lab_fil_DamagesToTciLossOpportunity'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_GeneralAndAdministrative' xlink:label='fil_GeneralAndAdministrative'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_GeneralAndAdministrative' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>General and administrative {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_GeneralAndAdministrative' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>General and administrative</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_GeneralAndAdministrative' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_GeneralAndAdministrative' xlink:to='lab_fil_GeneralAndAdministrative'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_IncomeTaxBenefitExpense' xlink:label='fil_IncomeTaxBenefitExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeTaxBenefitExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income tax benefit {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeTaxBenefitExpense' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Income tax benefit</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeTaxBenefitExpense' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncomeTaxBenefitExpense' xlink:to='lab_fil_IncomeTaxBenefitExpense'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RelatedPartyReceivable' xlink:label='fil_RelatedPartyReceivable'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RelatedPartyReceivable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Related party receivable,</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RelatedPartyReceivable' xlink:role='http://www.xbrl.org/2003/role/periodStartLabel' xml:lang='en-US'>Related party receivable,</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RelatedPartyReceivable' xlink:role='http://www.xbrl.org/2003/role/periodEndLabel' xml:lang='en-US'>Related party receivable,</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RelatedPartyReceivable' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of receivable due from an entity that is affiliated with the reporting entity by means of direct or indirect ownership</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RelatedPartyReceivable' xlink:to='lab_fil_RelatedPartyReceivable'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Total' xlink:label='fil_Total'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Total' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Total' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Total' xlink:to='lab_fil_Total'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_CompanySProportionateShareOfEarningsLosses1' xlink:label='fil_CompanySProportionateShareOfEarningsLosses1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CompanySProportionateShareOfEarningsLosses1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Company&apos;s proportionate share of earnings (losses)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_CompanySProportionateShareOfEarningsLosses1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The portion of profit or loss for the period, net of income taxes, which is attributable to the company.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CompanySProportionateShareOfEarningsLosses1' xlink:to='lab_fil_CompanySProportionateShareOfEarningsLosses1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_InterestReceivablePerformingFinancingNotesReceivable' xlink:label='fil_InterestReceivablePerformingFinancingNotesReceivable'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestReceivablePerformingFinancingNotesReceivable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accrued interest:</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestReceivablePerformingFinancingNotesReceivable' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Accrued interest receivable on performing financing notes receivable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InterestReceivablePerformingFinancingNotesReceivable' xlink:to='lab_fil_InterestReceivablePerformingFinancingNotesReceivable'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationInc2' xlink:label='fil_UnifiedHousingFoundationInc2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationInc2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationInc2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationInc2' xlink:to='lab_fil_UnifiedHousingFoundationInc2'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncLakeshoreVillas2' xlink:label='fil_UnifiedHousingFoundationIncLakeshoreVillas2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncLakeshoreVillas2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Lakeshore Villas) (2)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncLakeshoreVillas2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Unified Housing Foundation, Inc. (Lakeshore Villas) (2)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncLakeshoreVillas2' xlink:to='lab_fil_UnifiedHousingFoundationIncLakeshoreVillas2'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PerformingLoansAsOfAbstract' xlink:label='fil_PerformingLoansAsOfAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PerformingLoansAsOfAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Performing loans As Of:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PerformingLoansAsOfAbstract' xlink:to='lab_fil_PerformingLoansAsOfAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TciSoldAcresOfLand' xlink:label='fil_TciSoldAcresOfLand'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TciSoldAcresOfLand' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>TCI sold acres of land</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TciSoldAcresOfLand' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>TCI sold acres of land</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TciSoldAcresOfLand' xlink:to='lab_fil_TciSoldAcresOfLand'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NumberOfRetailcenters' xlink:label='fil_NumberOfRetailcenters'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfRetailcenters' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Number of retailcenters</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfRetailcenters' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Number of retail centers</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NumberOfRetailcenters' xlink:to='lab_fil_NumberOfRetailcenters'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NumberOfOfficeBuildings' xlink:label='fil_NumberOfOfficeBuildings'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfOfficeBuildings' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Number of office buildings</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfOfficeBuildings' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Number of office buildings</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NumberOfOfficeBuildings' xlink:to='lab_fil_NumberOfOfficeBuildings'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TheTableBelowReconcilesSegmentInformationToConsolidatedStatementsOfOperationsTextBlock' xlink:label='fil_TheTableBelowReconcilesSegmentInformationToConsolidatedStatementsOfOperationsTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TheTableBelowReconcilesSegmentInformationToConsolidatedStatementsOfOperationsTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>The Table Below Reconciles Segment Information To Consolidated Statements Of Operations {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TheTableBelowReconcilesSegmentInformationToConsolidatedStatementsOfOperationsTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>The Table Below Reconciles Segment Information To Consolidated Statements Of Operations</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TheTableBelowReconcilesSegmentInformationToConsolidatedStatementsOfOperationsTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabular disclosure for the segment information to the corresponding amounts in the Consolidated Statements of Operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TheTableBelowReconcilesSegmentInformationToConsolidatedStatementsOfOperationsTextBlock' xlink:to='lab_fil_TheTableBelowReconcilesSegmentInformationToConsolidatedStatementsOfOperationsTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SummaryOfTheRealEstateOwnedAsOfTextBlock' xlink:label='fil_SummaryOfTheRealEstateOwnedAsOfTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SummaryOfTheRealEstateOwnedAsOfTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Schedule of summary of the real estate owned {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SummaryOfTheRealEstateOwnedAsOfTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Schedule of summary of the real estate owned</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SummaryOfTheRealEstateOwnedAsOfTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabular disclosure for summary of the real estate owned details</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SummaryOfTheRealEstateOwnedAsOfTextBlock' xlink:to='lab_fil_SummaryOfTheRealEstateOwnedAsOfTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstatePolicyTextBlock' xlink:label='us-gaap_RealEstatePolicyTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RealEstatePolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real Estate, Depreciation and Impairment.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RealEstatePolicyTextBlock' xlink:to='lab_us-gaap_RealEstatePolicyTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestmentsDisclosureTextBlock' xlink:label='us-gaap_EquityMethodInvestmentsDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EquityMethodInvestmentsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>INVESTMENT IN UNCONSOLIDATED INVESTEES {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EquityMethodInvestmentsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>INVESTMENT IN UNCONSOLIDATED INVESTEES</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EquityMethodInvestmentsDisclosureTextBlock' xlink:to='lab_us-gaap_EquityMethodInvestmentsDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ConstructionAndDevelopmentOfNewProperties' xlink:label='fil_ConstructionAndDevelopmentOfNewProperties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ConstructionAndDevelopmentOfNewProperties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Construction and development of new properties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ConstructionAndDevelopmentOfNewProperties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The cash outflow Construction and development of new properties during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ConstructionAndDevelopmentOfNewProperties' xlink:to='lab_fil_ConstructionAndDevelopmentOfNewProperties'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInOperatingActivities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInOperatingActivities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net cash used in operating activities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInOperatingActivities' xlink:to='lab_us-gaap_NetCashProvidedByUsedInOperatingActivities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingLiabilitiesAbstract' xlink:label='us-gaap_IncreaseDecreaseInOperatingLiabilitiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInOperatingLiabilitiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Increase (decrease) in liabilities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInOperatingLiabilitiesAbstract' xlink:to='lab_us-gaap_IncreaseDecreaseInOperatingLiabilitiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DepreciationAndAmortization' xlink:label='us-gaap_DepreciationAndAmortization'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DepreciationAndAmortization' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Depreciation and amortization {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DepreciationAndAmortization' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Depreciation and amortization</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DepreciationAndAmortization' xlink:to='lab_us-gaap_DepreciationAndAmortization'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_DistributionToNonControllingInterests' xlink:label='fil_DistributionToNonControllingInterests'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DistributionToNonControllingInterests' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Distribution to non-controlling interests</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DistributionToNonControllingInterests' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DistributionToNonControllingInterests' xlink:to='lab_fil_DistributionToNonControllingInterests'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation' xlink:label='us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income tax expense from discontinued operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation' xlink:to='lab_us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest' xlink:label='us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net loss from continuing operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest' xlink:to='lab_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit' xlink:label='us-gaap_IncomeTaxExpenseBenefit'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeTaxExpenseBenefit' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income tax benefit</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeTaxExpenseBenefit' xlink:to='lab_us-gaap_IncomeTaxExpenseBenefit'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpenseDebt' xlink:label='us-gaap_InterestExpenseDebt'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InterestExpenseDebt' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Mortgage and loan interest (including $978 and $1,168 for the three months and $2,709 and $2,849 for the nine months ended 2014 and 2013, respectively, from related parties)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InterestExpenseDebt' xlink:to='lab_us-gaap_InterestExpenseDebt'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherIncome' xlink:label='us-gaap_OtherIncome'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherIncome' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other income</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherIncome' xlink:to='lab_us-gaap_OtherIncome'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesOutstanding' xlink:label='us-gaap_PreferredStockSharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreferredStockSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred stock Series A, shares outstanding</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreferredStockSharesOutstanding' xlink:to='lab_us-gaap_PreferredStockSharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NonPerformingNotesAndInterestReceivableFromAffiliatesAndRelatedParties' xlink:label='fil_NonPerformingNotesAndInterestReceivableFromAffiliatesAndRelatedParties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NonPerformingNotesAndInterestReceivableFromAffiliatesAndRelatedParties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Non-performing allowance for doubtful accounts</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NonPerformingNotesAndInterestReceivableFromAffiliatesAndRelatedParties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The carrying value of Non-Performing Notes and Interest Receivable from related parties as of the date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NonPerformingNotesAndInterestReceivableFromAffiliatesAndRelatedParties' xlink:to='lab_fil_NonPerformingNotesAndInterestReceivableFromAffiliatesAndRelatedParties'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity' xlink:label='us-gaap_LiabilitiesAndStockholdersEquity'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesAndStockholdersEquity' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total liabilities and equity</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LiabilitiesAndStockholdersEquity' xlink:to='lab_us-gaap_LiabilitiesAndStockholdersEquity'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:label='us-gaap_LiabilitiesAndStockholdersEquityAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Liabilities and Shareholders&apos; Equity</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey' xlink:label='dei_EntityCentralIndexKey'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityCentralIndexKey' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Central Index Key</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityCentralIndexKey' xlink:to='lab_dei_EntityCentralIndexKey'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate' xlink:label='dei_DocumentPeriodEndDate'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_DocumentPeriodEndDate' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document Period End Date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_DocumentPeriodEndDate' xlink:to='lab_dei_DocumentPeriodEndDate'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType' xlink:label='dei_DocumentType'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_DocumentType' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document Type</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_DocumentType' xlink:to='lab_dei_DocumentType'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_IssuanceOfNewSharesOfCommonStockAri' xlink:label='fil_IssuanceOfNewSharesOfCommonStockAri'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IssuanceOfNewSharesOfCommonStockAri' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Issuance of new shares of common stock ARI</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IssuanceOfNewSharesOfCommonStockAri' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Issuance of new shares of common stock ARI</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IssuanceOfNewSharesOfCommonStockAri' xlink:to='lab_fil_IssuanceOfNewSharesOfCommonStockAri'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TotalAssetsAndNetWorth' xlink:label='fil_TotalAssetsAndNetWorth'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalAssetsAndNetWorth' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total assets and net worth</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalAssetsAndNetWorth' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The total net worth of ART and ART Midwest, Inc</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalAssetsAndNetWorth' xlink:to='lab_fil_TotalAssetsAndNetWorth'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NotesPayableForLKFourHickoryLLC' xlink:label='fil_NotesPayableForLKFourHickoryLLC'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesPayableForLKFourHickoryLLC' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Notes payable for LK Four Hickory, LLC</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesPayableForLKFourHickoryLLC' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, original carrying amount of a notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NotesPayableForLKFourHickoryLLC' xlink:to='lab_fil_NotesPayableForLKFourHickoryLLC'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_LitigationSettlement1' xlink:label='fil_LitigationSettlement1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LitigationSettlement1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Litigation settlement {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LitigationSettlement1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Litigation settlement</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LitigationSettlement1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of gain (loss) recognized in settlement of litigation and insurance claims. Excludes claims within an insurance entity&apos;s normal claims settlement process.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LitigationSettlement1' xlink:to='lab_fil_LitigationSettlement1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_GeneralAndAdministrative1' xlink:label='fil_GeneralAndAdministrative1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_GeneralAndAdministrative1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>General and administrative</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_GeneralAndAdministrative1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_GeneralAndAdministrative1' xlink:to='lab_fil_GeneralAndAdministrative1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_FinancingMortgagePayments' xlink:label='fil_FinancingMortgagePayments'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_FinancingMortgagePayments' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Financing (mortgage payments)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_FinancingMortgagePayments' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of financing (mortgage payments) paid to (from) Advisor</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_FinancingMortgagePayments' xlink:to='lab_fil_FinancingMortgagePayments'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Commercial4' xlink:label='fil_Commercial4'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Commercial4' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Commercial {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Commercial4' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Commercial</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Commercial4' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Total carrying value of notes and interest payable as of balance sheet date.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Commercial4' xlink:to='lab_fil_Commercial4'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Commercial1' xlink:label='fil_Commercial1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Commercial1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Commercial</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Commercial1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Commercial</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Commercial1' xlink:to='lab_fil_Commercial1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RealEstateNetOfAccumulatedDepreciation1' xlink:label='fil_RealEstateNetOfAccumulatedDepreciation1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateNetOfAccumulatedDepreciation1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real estate, net of accumulated depreciation</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateNetOfAccumulatedDepreciation1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The net book value of real estate property held for investment purposes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RealEstateNetOfAccumulatedDepreciation1' xlink:to='lab_fil_RealEstateNetOfAccumulatedDepreciation1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncReserveAtWhiteRockPhaseI1' xlink:label='fil_UnifiedHousingFoundationIncReserveAtWhiteRockPhaseI1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncReserveAtWhiteRockPhaseI1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Reserve at White Rock Phase I) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncReserveAtWhiteRockPhaseI1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncReserveAtWhiteRockPhaseI1' xlink:to='lab_fil_UnifiedHousingFoundationIncReserveAtWhiteRockPhaseI1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncInwoodOnThePark1' xlink:label='fil_UnifiedHousingFoundationIncInwoodOnThePark1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncInwoodOnThePark1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Inwood on the Park) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncInwoodOnThePark1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncInwoodOnThePark1' xlink:to='lab_fil_UnifiedHousingFoundationIncInwoodOnThePark1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_FoundationForBetterHousingIncVistaRidge1' xlink:label='fil_FoundationForBetterHousingIncVistaRidge1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_FoundationForBetterHousingIncVistaRidge1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Foundation for Better Housing, Inc. (Vista Ridge) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_FoundationForBetterHousingIncVistaRidge1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_FoundationForBetterHousingIncVistaRidge1' xlink:to='lab_fil_FoundationForBetterHousingIncVistaRidge1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SalePrice' xlink:label='fil_SalePrice'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SalePrice' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Sale price</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SalePrice' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Sale price of apartment complex</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SalePrice' xlink:to='lab_fil_SalePrice'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NOTESANDINTERESTPAYABLEAbstract' xlink:label='fil_NOTESANDINTERESTPAYABLEAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NOTESANDINTERESTPAYABLEAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>NOTES PAYABLE</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NOTESANDINTERESTPAYABLEAbstract' xlink:to='lab_fil_NOTESANDINTERESTPAYABLEAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock' xlink:label='us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>ORGANIZATION AND BASIS OF PRESENTATION {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>ORGANIZATION AND BASIS OF PRESENTATION</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock' xlink:to='lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:label='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Adjustments to reconcile net income applicable to common shares to net cash flow from operating activities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest' xlink:label='us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Comprehensive income attributable to non-controlling interest</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest' xlink:to='lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent' xlink:label='us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total comprehensive income</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent' xlink:to='lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_MortgageAndLoanInterestFromRelatedParties' xlink:label='fil_MortgageAndLoanInterestFromRelatedParties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_MortgageAndLoanInterestFromRelatedParties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Mortgage and loan interests from related parties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_MortgageAndLoanInterestFromRelatedParties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of Mortgage and loan interest from and related parties during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_MortgageAndLoanInterestFromRelatedParties' xlink:to='lab_fil_MortgageAndLoanInterestFromRelatedParties'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NetIncomeFromDiscontinuedOperations' xlink:label='fil_NetIncomeFromDiscontinuedOperations'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeFromDiscontinuedOperations' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income from discontinued operations {3}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeFromDiscontinuedOperations' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Net income from discontinued operations</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeFromDiscontinuedOperations' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NetIncomeFromDiscontinuedOperations' xlink:to='lab_fil_NetIncomeFromDiscontinuedOperations'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_GainOnSaleOfRealEstateFromDiscontinuedOperations' xlink:label='fil_GainOnSaleOfRealEstateFromDiscontinuedOperations'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_GainOnSaleOfRealEstateFromDiscontinuedOperations' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Gain on sale of real estate from discontinued operations</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_GainOnSaleOfRealEstateFromDiscontinuedOperations' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Gain on sale of real estate from discontinued operations as of the balance sheet date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_GainOnSaleOfRealEstateFromDiscontinuedOperations' xlink:to='lab_fil_GainOnSaleOfRealEstateFromDiscontinuedOperations'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax' xlink:label='us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income (loss) from discontinued operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax' xlink:to='lab_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Depreciation' xlink:label='us-gaap_Depreciation'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Depreciation' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Depreciation and amortization</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_Depreciation' xlink:to='lab_us-gaap_Depreciation'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SalesRevenueNetAbstract' xlink:label='us-gaap_SalesRevenueNetAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SalesRevenueNetAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Revenues {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SalesRevenueNetAbstract' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Revenues</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_SalesRevenueNetAbstract' xlink:to='lab_us-gaap_SalesRevenueNetAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PreferredStockSeriesKSharesIssued' xlink:label='fil_PreferredStockSeriesKSharesIssued'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockSeriesKSharesIssued' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred stock Series K, shares issued</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockSeriesKSharesIssued' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PreferredStockSeriesKSharesIssued' xlink:to='lab_fil_PreferredStockSeriesKSharesIssued'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockSharesIssued' xlink:label='us-gaap_PreferredStockSharesIssued'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreferredStockSharesIssued' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred stock Series A, shares issued</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreferredStockSharesIssued' xlink:to='lab_us-gaap_PreferredStockSharesIssued'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockTransactionsParentheticalDisclosuresAbstract' xlink:label='us-gaap_StockTransactionsParentheticalDisclosuresAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockTransactionsParentheticalDisclosuresAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>PARENTHETICALS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StockTransactionsParentheticalDisclosuresAbstract' xlink:to='lab_us-gaap_StockTransactionsParentheticalDisclosuresAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation' xlink:label='us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Less accumulated depreciation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation' xlink:to='lab_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RealEstateSubjectToSalesContractsAtCostNet' xlink:label='fil_RealEstateSubjectToSalesContractsAtCostNet'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateSubjectToSalesContractsAtCostNet' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real estate subject to sales contracts at cost, net of depreciation ($2,212 for 2014 and $1,949 for 2013)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateSubjectToSalesContractsAtCostNet' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The carrying value of the Real estate subject to sales contracts at cost, net of depreciation as of the date.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RealEstateSubjectToSalesContractsAtCostNet' xlink:to='lab_fil_RealEstateSubjectToSalesContractsAtCostNet'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost' xlink:label='us-gaap_RealEstateInvestmentPropertyAtCost'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RealEstateInvestmentPropertyAtCost' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real estate, at cost</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RealEstateInvestmentPropertyAtCost' xlink:to='lab_us-gaap_RealEstateInvestmentPropertyAtCost'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag' xlink:label='dei_AmendmentFlag'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_AmendmentFlag' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Amendment Flag</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_AmendmentFlag' xlink:to='lab_dei_AmendmentFlag'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SalesContractToSellSquareFootCommercialBuildingUnits' xlink:label='fil_SalesContractToSellSquareFootCommercialBuildingUnits'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SalesContractToSellSquareFootCommercialBuildingUnits' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Sales contract to sell Apartment complex (units)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SalesContractToSellSquareFootCommercialBuildingUnits' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Sales contract to sell square foot commercial building (units)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SalesContractToSellSquareFootCommercialBuildingUnits' xlink:to='lab_fil_SalesContractToSellSquareFootCommercialBuildingUnits'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_IncomeTaxBenefitExpense1' xlink:label='fil_IncomeTaxBenefitExpense1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeTaxBenefitExpense1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income tax expense</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeTaxBenefitExpense1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncomeTaxBenefitExpense1' xlink:to='lab_fil_IncomeTaxBenefitExpense1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TotalRevenues' xlink:label='fil_TotalRevenues'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalRevenues' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Revenues</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalRevenues' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Revenue earned during the period from leasing or renting out the reporting entity&apos;s property or equipment.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalRevenues' xlink:to='lab_fil_TotalRevenues'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Other' xlink:label='fil_Other'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Other' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Other' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Other' xlink:to='lab_fil_Other'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_InterestExpense1' xlink:label='fil_InterestExpense1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestExpense1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Interest expense</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestExpense1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The cost of borrowed funds accounted for as interest that was charged against earnings during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InterestExpense1' xlink:to='lab_fil_InterestExpense1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OtherRelatedPartyNotes1' xlink:label='fil_OtherRelatedPartyNotes1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherRelatedPartyNotes1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other related party notes (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherRelatedPartyNotes1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OtherRelatedPartyNotes1' xlink:to='lab_fil_OtherRelatedPartyNotes1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationInc1' xlink:label='fil_UnifiedHousingFoundationInc1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationInc1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (1) {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationInc1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Unified Housing Foundation, Inc. (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationInc1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationInc1' xlink:to='lab_fil_UnifiedHousingFoundationInc1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncLimestoneRanch' xlink:label='fil_UnifiedHousingFoundationIncLimestoneRanch'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncLimestoneRanch' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Limestone Ranch)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncLimestoneRanch' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncLimestoneRanch' xlink:to='lab_fil_UnifiedHousingFoundationIncLimestoneRanch'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ExpendedrelatedToTheConstructionOrPredevelopmentOfVariousApartmentComplexes' xlink:label='fil_ExpendedrelatedToTheConstructionOrPredevelopmentOfVariousApartmentComplexes'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ExpendedrelatedToTheConstructionOrPredevelopmentOfVariousApartmentComplexes' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Expendedrelated to the construction or predevelopment of various apartment complexes</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ExpendedrelatedToTheConstructionOrPredevelopmentOfVariousApartmentComplexes' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Expendedrelated to the construction or predevelopment of various apartment complexes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ExpendedrelatedToTheConstructionOrPredevelopmentOfVariousApartmentComplexes' xlink:to='lab_fil_ExpendedrelatedToTheConstructionOrPredevelopmentOfVariousApartmentComplexes'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RealEstateSubjectToSalesContract' xlink:label='fil_RealEstateSubjectToSalesContract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateSubjectToSalesContract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real estate subject to sales contract</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateSubjectToSalesContract' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The gross amount of real estate property subject to or available for contracts as of the balance sheet date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RealEstateSubjectToSalesContract' xlink:to='lab_fil_RealEstateSubjectToSalesContract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OwnedPercentageOfSubsidiaryTCIInIncomeOpportunityRealtyInvestors' xlink:label='fil_OwnedPercentageOfSubsidiaryTCIInIncomeOpportunityRealtyInvestors'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OwnedPercentageOfSubsidiaryTCIInIncomeOpportunityRealtyInvestors' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Owned percentage of subsidiary TCI in Income Opportunity Realty Investors</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OwnedPercentageOfSubsidiaryTCIInIncomeOpportunityRealtyInvestors' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Owned percentage of subsidiary TCI in Income Opportunity Realty Investors</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OwnedPercentageOfSubsidiaryTCIInIncomeOpportunityRealtyInvestors' xlink:to='lab_fil_OwnedPercentageOfSubsidiaryTCIInIncomeOpportunityRealtyInvestors'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RelatedPartiesPolicyTextBlock' xlink:label='fil_RelatedPartiesPolicyTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RelatedPartiesPolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Related Parties Policy</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RelatedPartiesPolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Entire policy disclosure for Related parties include Related Parties of the entity, entities for which investments in their equity securities would be required, trusts for the benefits of employees, principal owners of the entities and members of their immediate families, management of the entity and members of their immediate families and other parties with which the entity may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RelatedPartiesPolicyTextBlock' xlink:to='lab_fil_RelatedPartiesPolicyTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock' xlink:label='us-gaap_CommitmentsAndContingenciesDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>COMMITMENTS AND CONTINGENCIES AND LIQUIDITY {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>COMMITMENTS AND CONTINGENCIES AND LIQUIDITY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommitmentsAndContingenciesDisclosureTextBlock' xlink:to='lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_INVESTMENTINUNCONSOLIDATEDINVESTEESAbstract' xlink:label='fil_INVESTMENTINUNCONSOLIDATEDINVESTEESAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_INVESTMENTINUNCONSOLIDATEDINVESTEESAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>INVESTMENT IN UNCONSOLIDATED INVESTEES</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_INVESTMENTINUNCONSOLIDATEDINVESTEESAbstract' xlink:to='lab_fil_INVESTMENTINUNCONSOLIDATEDINVESTEESAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RecurringAmortizationOfPrincipalOnNotesPayable' xlink:label='fil_RecurringAmortizationOfPrincipalOnNotesPayable'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RecurringAmortizationOfPrincipalOnNotesPayable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Recurring amortization of principal on notes payable</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RecurringAmortizationOfPrincipalOnNotesPayable' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The cash flow of recurring amortization of principal on notes payable during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RecurringAmortizationOfPrincipalOnNotesPayable' xlink:to='lab_fil_RecurringAmortizationOfPrincipalOnNotesPayable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInInvestingActivities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInInvestingActivities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net cash provided by (used in) investing activities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivities' xlink:to='lab_us-gaap_NetCashProvidedByUsedInInvestingActivities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockMember' xlink:label='us-gaap_TreasuryStockMember'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_TreasuryStockMember' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Treasury Stock</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_TreasuryStockMember' xlink:to='lab_us-gaap_TreasuryStockMember'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract' xlink:label='us-gaap_EarningsPerShareBasicAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerShareBasicAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Earnings per share - basic</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EarningsPerShareBasicAbstract' xlink:to='lab_us-gaap_EarningsPerShareBasicAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfProperties' xlink:label='us-gaap_GainLossOnSaleOfProperties'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_GainLossOnSaleOfProperties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Gain on land sales</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_GainLossOnSaleOfProperties' xlink:to='lab_us-gaap_GainLossOnSaleOfProperties'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_AccountsPayableAndOtherLiabilitiesToRelatedParties' xlink:label='fil_AccountsPayableAndOtherLiabilitiesToRelatedParties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AccountsPayableAndOtherLiabilitiesToRelatedParties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accounts payable and other liabilities to related parties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AccountsPayableAndOtherLiabilitiesToRelatedParties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The carrying value of Accounts payable and other liabilities to related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AccountsPayableAndOtherLiabilitiesToRelatedParties' xlink:to='lab_fil_AccountsPayableAndOtherLiabilitiesToRelatedParties'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NotesRelatedToSubjectToSalesContracts' xlink:label='fil_NotesRelatedToSubjectToSalesContracts'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesRelatedToSubjectToSalesContracts' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Notes related to subject to sales contracts</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesRelatedToSubjectToSalesContracts' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The carrying value of Notes related to subject to sales contracts as of the balance sheet date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NotesRelatedToSubjectToSalesContracts' xlink:to='lab_fil_NotesRelatedToSubjectToSalesContracts'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionDueFromToRelatedParty' xlink:label='us-gaap_RelatedPartyTransactionDueFromToRelatedParty'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RelatedPartyTransactionDueFromToRelatedParty' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Receivable from related party</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RelatedPartyTransactionDueFromToRelatedParty' xlink:to='lab_us-gaap_RelatedPartyTransactionDueFromToRelatedParty'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory' xlink:label='dei_EntityFilerCategory'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityFilerCategory' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Filer Category</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityFilerCategory' xlink:to='lab_dei_EntityFilerCategory'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_CommercialBuildingSalesPrice' xlink:label='fil_CommercialBuildingSalesPrice'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CommercialBuildingSalesPrice' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Commercial building sales price</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_CommercialBuildingSalesPrice' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Commercial building sales price</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CommercialBuildingSalesPrice' xlink:to='lab_fil_CommercialBuildingSalesPrice'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TotalAwardedIncludingDamagesAndInterestAwardedToTheClapperEntities' xlink:label='fil_TotalAwardedIncludingDamagesAndInterestAwardedToTheClapperEntities'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalAwardedIncludingDamagesAndInterestAwardedToTheClapperEntities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total awarded including damages and interest awarded to the Clapper Entities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalAwardedIncludingDamagesAndInterestAwardedToTheClapperEntities' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The total amount of award to the Clapper entities including the damages and interest amount</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalAwardedIncludingDamagesAndInterestAwardedToTheClapperEntities' xlink:to='lab_fil_TotalAwardedIncludingDamagesAndInterestAwardedToTheClapperEntities'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_COMMITMENTSANDCONTINGENCIESANDLIQUIDITYASFOLLOWSAbstract' xlink:label='fil_COMMITMENTSANDCONTINGENCIESANDLIQUIDITYASFOLLOWSAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_COMMITMENTSANDCONTINGENCIESANDLIQUIDITYASFOLLOWSAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>COMMITMENTS AND CONTINGENCIES AND LIQUIDITY AS FOLLOWS:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_COMMITMENTSANDCONTINGENCIESANDLIQUIDITYASFOLLOWSAbstract' xlink:to='lab_fil_COMMITMENTSANDCONTINGENCIESANDLIQUIDITYASFOLLOWSAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_MortgageAndLoanInterest' xlink:label='fil_MortgageAndLoanInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_MortgageAndLoanInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Mortgage and loan interest</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_MortgageAndLoanInterest' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The cost of borrowed funds accounted for as interest that was charged against earnings during the period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_MortgageAndLoanInterest' xlink:to='lab_fil_MortgageAndLoanInterest'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_InvestmentsInUnconsolidatedSubsidiariesAndInvestees' xlink:label='fil_InvestmentsInUnconsolidatedSubsidiariesAndInvestees'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InvestmentsInUnconsolidatedSubsidiariesAndInvestees' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Investments in unconsolidated investees</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InvestmentsInUnconsolidatedSubsidiariesAndInvestees' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Investments in real estate partnerships</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InvestmentsInUnconsolidatedSubsidiariesAndInvestees' xlink:to='lab_fil_InvestmentsInUnconsolidatedSubsidiariesAndInvestees'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_InterestToFromAdvisor' xlink:label='fil_InterestToFromAdvisor'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestToFromAdvisor' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Interest (to) from advisor</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestToFromAdvisor' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of interest paid (to) from Advisor</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InterestToFromAdvisor' xlink:to='lab_fil_InterestToFromAdvisor'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Apartments2' xlink:label='fil_Apartments2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Apartments2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Apartments {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Apartments2' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Apartments</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Apartments2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Apartments2' xlink:to='lab_fil_Apartments2'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NotesPayable1Abstract' xlink:label='fil_NotesPayable1Abstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesPayable1Abstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Notes Payable:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NotesPayable1Abstract' xlink:to='lab_fil_NotesPayable1Abstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_N2AnAllowanceWasTakenForEstimatedLossesAtFullValueOfNote' xlink:label='fil_N2AnAllowanceWasTakenForEstimatedLossesAtFullValueOfNote'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_N2AnAllowanceWasTakenForEstimatedLossesAtFullValueOfNote' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>(2) An allowance was taken for estimated losses at full value of note</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_N2AnAllowanceWasTakenForEstimatedLossesAtFullValueOfNote' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>An allowance was taken for estimated losses at full value of note</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_N2AnAllowanceWasTakenForEstimatedLossesAtFullValueOfNote' xlink:to='lab_fil_N2AnAllowanceWasTakenForEstimatedLossesAtFullValueOfNote'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PerformingLoansAbstract' xlink:label='fil_PerformingLoansAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PerformingLoansAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Performing loans:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PerformingLoansAbstract' xlink:to='lab_fil_PerformingLoansAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SoldToRelatedPartyCommercialBuilding' xlink:label='fil_SoldToRelatedPartyCommercialBuilding'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SoldToRelatedPartyCommercialBuilding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Sold to related party commercial building</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SoldToRelatedPartyCommercialBuilding' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>TCI has sold to a related party one commercial building.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SoldToRelatedPartyCommercialBuilding' xlink:to='lab_fil_SoldToRelatedPartyCommercialBuilding'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OrganizationAndBasisOfPresentationConsistsOfTheFollowingAbstract' xlink:label='fil_OrganizationAndBasisOfPresentationConsistsOfTheFollowingAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OrganizationAndBasisOfPresentationConsistsOfTheFollowingAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>ORGANIZATION AND BASIS OF PRESENTATION CONSISTS OF THE FOLLOWING:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OrganizationAndBasisOfPresentationConsistsOfTheFollowingAbstract' xlink:to='lab_fil_OrganizationAndBasisOfPresentationConsistsOfTheFollowingAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_DiscontinuedOperationsRelatesToPropertiesTextBlock' xlink:label='fil_DiscontinuedOperationsRelatesToPropertiesTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DiscontinuedOperationsRelatesToPropertiesTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>The following table summarizes revenue and expense information for these properties sold and held for sale {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DiscontinuedOperationsRelatesToPropertiesTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>The following table summarizes revenue and expense information for these properties sold and held for sale</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DiscontinuedOperationsRelatesToPropertiesTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabular disclosure for Discontinued operations relates to properties that were either sold or repositioned as held for sale as of the year ended</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DiscontinuedOperationsRelatesToPropertiesTextBlock' xlink:to='lab_fil_DiscontinuedOperationsRelatesToPropertiesTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ScheduleOfReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedBalanceSheetsTableTextBlockAbstract' xlink:label='fil_ScheduleOfReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedBalanceSheetsTableTextBlockAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ScheduleOfReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedBalanceSheetsTableTextBlockAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Reconciles the segment information to the corresponding amounts in the Consolidated Balance Sheets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ScheduleOfReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedBalanceSheetsTableTextBlockAbstract' xlink:to='lab_fil_ScheduleOfReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedBalanceSheetsTableTextBlockAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ReconcilesTheSegmentInformationToCorrespondingAmountsInTheConsolidatedBalanceSheetsTextBlock' xlink:label='fil_ReconcilesTheSegmentInformationToCorrespondingAmountsInTheConsolidatedBalanceSheetsTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ReconcilesTheSegmentInformationToCorrespondingAmountsInTheConsolidatedBalanceSheetsTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Reconciles the segment information to corresponding amounts in the Consolidated Balance Sheets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ReconcilesTheSegmentInformationToCorrespondingAmountsInTheConsolidatedBalanceSheetsTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabular disclosure for reconciles the segment information to the corresponding amounts in the Consolidated Balance Sheets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ReconcilesTheSegmentInformationToCorrespondingAmountsInTheConsolidatedBalanceSheetsTextBlock' xlink:to='lab_fil_ReconcilesTheSegmentInformationToCorrespondingAmountsInTheConsolidatedBalanceSheetsTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ReceivablesLoansNotesReceivableAndOthersAbstract' xlink:label='fil_ReceivablesLoansNotesReceivableAndOthersAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ReceivablesLoansNotesReceivableAndOthersAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>NOTES AND INTEREST RECEIVABLE</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ReceivablesLoansNotesReceivableAndOthersAbstract' xlink:to='lab_fil_ReceivablesLoansNotesReceivableAndOthersAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock' xlink:label='us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred stock dividends - Series A</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock' xlink:to='lab_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AmortizationOfDeferredCharges' xlink:label='us-gaap_AmortizationOfDeferredCharges'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AmortizationOfDeferredCharges' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Amortization of deferred borrowing costs</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AmortizationOfDeferredCharges' xlink:to='lab_us-gaap_AmortizationOfDeferredCharges'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SaleOfNonControllingInterests' xlink:label='fil_SaleOfNonControllingInterests'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SaleOfNonControllingInterests' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Sale of non-controlling interests</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SaleOfNonControllingInterests' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Sale of non-controlling interests</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SaleOfNonControllingInterests' xlink:to='lab_fil_SaleOfNonControllingInterests'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SharesOutstanding' xlink:label='us-gaap_SharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Balance</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/periodStartLabel' xml:lang='en-US'>Balance</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/periodEndLabel' xml:lang='en-US'>Balance</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_SharesOutstanding' xlink:to='lab_us-gaap_SharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsMember' xlink:label='us-gaap_RetainedEarningsMember'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RetainedEarningsMember' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Retained Earnings</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RetainedEarningsMember' xlink:to='lab_us-gaap_RetainedEarningsMember'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementEquityComponentsAxis' xlink:label='us-gaap_StatementEquityComponentsAxis'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StatementEquityComponentsAxis' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Statement, Equity Components</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StatementEquityComponentsAxis' xlink:to='lab_us-gaap_StatementEquityComponentsAxis'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity' xlink:label='us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income from discontinued operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity' xlink:to='lab_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense' xlink:label='us-gaap_GeneralAndAdministrativeExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_GeneralAndAdministrativeExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>General and administrative (including $926 and $878 for the three months and $2,686 and $2,765 for the nine months ended 2014 and 2013, respectively, from related parties)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_GeneralAndAdministrativeExpense' xlink:to='lab_us-gaap_GeneralAndAdministrativeExpense'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OperatingExpensesAbstract' xlink:label='us-gaap_OperatingExpensesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OperatingExpensesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Expenses:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OperatingExpensesAbstract' xlink:to='lab_us-gaap_OperatingExpensesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents' xlink:label='us-gaap_RestrictedCashAndCashEquivalents'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RestrictedCashAndCashEquivalents' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Restricted cash</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RestrictedCashAndCashEquivalents' xlink:to='lab_us-gaap_RestrictedCashAndCashEquivalents'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus' xlink:label='dei_DocumentFiscalYearFocus'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_DocumentFiscalYearFocus' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document Fiscal Year Focus</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_DocumentFiscalYearFocus' xlink:to='lab_dei_DocumentFiscalYearFocus'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding' xlink:label='dei_EntityCommonStockSharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityCommonStockSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Common Stock, Shares Outstanding</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityCommonStockSharesOutstanding' xlink:to='lab_dei_EntityCommonStockSharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Revenues1Abstract' xlink:label='fil_Revenues1Abstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Revenues1Abstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Revenues: {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Revenues1Abstract' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Revenues:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Revenues1Abstract' xlink:to='lab_fil_Revenues1Abstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_GainLossOnSaleOfInvestments1' xlink:label='fil_GainLossOnSaleOfInvestments1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_GainLossOnSaleOfInvestments1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Loss on sale of investments {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_GainLossOnSaleOfInvestments1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Loss on sale of investments</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_GainLossOnSaleOfInvestments1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The difference between the carrying value and the sale price of an investment. A loss would be recognized when the sale price of the investment is less than the carrying value of the investment. This element refers to the Loss included in earnings and not to the cash proceeds of the sale</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_GainLossOnSaleOfInvestments1' xlink:to='lab_fil_GainLossOnSaleOfInvestments1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RealEstateHeldForSale4' xlink:label='fil_RealEstateHeldForSale4'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateHeldForSale4' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real estate held for sale {3}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateHeldForSale4' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Real estate held for sale</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateHeldForSale4' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Real estate held for sale (Total Debt)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RealEstateHeldForSale4' xlink:to='lab_fil_RealEstateHeldForSale4'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_LandHeldForDevelopment1' xlink:label='fil_LandHeldForDevelopment1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LandHeldForDevelopment1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Land held for development {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LandHeldForDevelopment1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Land held for development</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LandHeldForDevelopment1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Total carrying value of notes and interest payable as of balance sheet date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LandHeldForDevelopment1' xlink:to='lab_fil_LandHeldForDevelopment1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Revenue' xlink:label='fil_Revenue'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Revenue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Revenue</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Revenue' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The aggregate revenue from real estate operations during the reporting period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Revenue' xlink:to='lab_fil_Revenue'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncTrailsAtWhiteRock1' xlink:label='fil_UnifiedHousingFoundationIncTrailsAtWhiteRock1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncTrailsAtWhiteRock1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Trails at White Rock) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncTrailsAtWhiteRock1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncTrailsAtWhiteRock1' xlink:to='lab_fil_UnifiedHousingFoundationIncTrailsAtWhiteRock1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_HghResidentialIncTradewindsDev' xlink:label='fil_HghResidentialIncTradewindsDev'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_HghResidentialIncTradewindsDev' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>HGH Residential, Inc. (Tradewinds Dev)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_HghResidentialIncTradewindsDev' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_HghResidentialIncTradewindsDev' xlink:to='lab_fil_HghResidentialIncTradewindsDev'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_FoundationForBetterHousingIncPreserveAtPecanPointe1' xlink:label='fil_FoundationForBetterHousingIncPreserveAtPecanPointe1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_FoundationForBetterHousingIncPreserveAtPecanPointe1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Foundation for Better Housing, Inc. (Preserve at Prairie Pointe) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_FoundationForBetterHousingIncPreserveAtPecanPointe1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_FoundationForBetterHousingIncPreserveAtPecanPointe1' xlink:to='lab_fil_FoundationForBetterHousingIncPreserveAtPecanPointe1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Apartments' xlink:label='fil_Apartments'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Apartments' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Apartments</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Apartments' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Gross amount, as of the balance sheet date, of long-lived, depreciable assets that include apartment building structures held for productive use including any addition, improvement, or renovation to the structure, such as interior masonry, interior flooring, electrical, and plumbing</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Apartments' xlink:to='lab_fil_Apartments'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_FairValueMeasurementPolicyTextBlock' xlink:label='fil_FairValueMeasurementPolicyTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_FairValueMeasurementPolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Fair value measurement</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_FairValueMeasurementPolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The entire policy text block is about Fair value measurement</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_FairValueMeasurementPolicyTextBlock' xlink:to='lab_fil_FairValueMeasurementPolicyTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SubsequentEventsAbstract' xlink:label='us-gaap_SubsequentEventsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SubsequentEventsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>SUBSEQUENT EVENTS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_SubsequentEventsAbstract' xlink:to='lab_us-gaap_SubsequentEventsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateDisclosureTextBlock' xlink:label='us-gaap_RealEstateDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RealEstateDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>REAL ESTATE ACTIVITY {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RealEstateDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>REAL ESTATE ACTIVITY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RealEstateDisclosureTextBlock' xlink:to='lab_us-gaap_RealEstateDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestPaid' xlink:label='us-gaap_InterestPaid'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InterestPaid' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash paid for interest</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InterestPaid' xlink:to='lab_us-gaap_InterestPaid'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SaleOfControllingInterest' xlink:label='fil_SaleOfControllingInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SaleOfControllingInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Sale of controlling interest</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SaleOfControllingInterest' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Sale of controlling interest during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SaleOfControllingInterest' xlink:to='lab_fil_SaleOfControllingInterest'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment' xlink:label='us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Proceeds from sale of income-producing properties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment' xlink:to='lab_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash Flow From Investing Activities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash Flow From Operating Activities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract' xlink:to='lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_AmountsAttributableToAmericanRealtyInvestorsIncAbstract' xlink:label='fil_AmountsAttributableToAmericanRealtyInvestorsIncAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AmountsAttributableToAmericanRealtyInvestorsIncAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Amounts attributable to American Realty Investors, Inc.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AmountsAttributableToAmericanRealtyInvestorsIncAbstract' xlink:to='lab_fil_AmountsAttributableToAmericanRealtyInvestorsIncAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestIncomeOther' xlink:label='us-gaap_InterestIncomeOther'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InterestIncomeOther' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Interest income (including $4,699 and $3,718 for the three months and $14,693 and $10,574 for the nine months ended 2014 and 2013, respectively, from related parties)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InterestIncomeOther' xlink:to='lab_us-gaap_InterestIncomeOther'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_AdvisoryFeeToRelatedParty' xlink:label='fil_AdvisoryFeeToRelatedParty'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvisoryFeeToRelatedParty' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Advisory fee to related party</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvisoryFeeToRelatedParty' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of advisory fee to Related Parties during the period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AdvisoryFeeToRelatedParty' xlink:to='lab_fil_AdvisoryFeeToRelatedParty'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_DeferredRevenueFromSalesToRelatedParties' xlink:label='fil_DeferredRevenueFromSalesToRelatedParties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DeferredRevenueFromSalesToRelatedParties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Deferred revenue from sales to related parties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DeferredRevenueFromSalesToRelatedParties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of deferred revenue as of balance sheet date. Deferred revenue represents collections of cash or other assets related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP..</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DeferredRevenueFromSalesToRelatedParties' xlink:to='lab_fil_DeferredRevenueFromSalesToRelatedParties'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Liabilities' xlink:label='us-gaap_Liabilities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Liabilities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Liabilities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_Liabilities' xlink:to='lab_us-gaap_Liabilities'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TotalNotesAndInterestReceivable' xlink:label='fil_TotalNotesAndInterestReceivable'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalNotesAndInterestReceivable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total notes and interest receivable</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalNotesAndInterestReceivable' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The carrying value of total notes and interest receivables as of the date.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalNotesAndInterestReceivable' xlink:to='lab_fil_TotalNotesAndInterestReceivable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityWellKnownSeasonedIssuer' xlink:label='dei_EntityWellKnownSeasonedIssuer'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityWellKnownSeasonedIssuer' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Well-known Seasoned Issuer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityWellKnownSeasonedIssuer' xlink:to='lab_dei_EntityWellKnownSeasonedIssuer'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SalePrice1' xlink:label='fil_SalePrice1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SalePrice1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Sale price {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SalePrice1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Sale price</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SalePrice1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Sale price</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SalePrice1' xlink:to='lab_fil_SalePrice1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TciWasEntitledToDamagesForLostOpportunitiesRelatingToTenantImprovementsAndAwarded' xlink:label='fil_TciWasEntitledToDamagesForLostOpportunitiesRelatingToTenantImprovementsAndAwarded'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TciWasEntitledToDamagesForLostOpportunitiesRelatingToTenantImprovementsAndAwarded' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>TCI was entitled to damages for &quot;lost opportunities&quot; relating to tenant improvements and awarded</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TciWasEntitledToDamagesForLostOpportunitiesRelatingToTenantImprovementsAndAwarded' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Total amount of award to entities including the damages and interest amount</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TciWasEntitledToDamagesForLostOpportunitiesRelatingToTenantImprovementsAndAwarded' xlink:to='lab_fil_TciWasEntitledToDamagesForLostOpportunitiesRelatingToTenantImprovementsAndAwarded'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TotalOperatingExpenses' xlink:label='fil_TotalOperatingExpenses'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalOperatingExpenses' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total operating expenses {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalOperatingExpenses' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Total operating expenses</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalOperatingExpenses' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalOperatingExpenses' xlink:to='lab_fil_TotalOperatingExpenses'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_LossFromContinuingOperations' xlink:label='fil_LossFromContinuingOperations'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LossFromContinuingOperations' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income (loss) from continuing operations</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LossFromContinuingOperations' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LossFromContinuingOperations' xlink:to='lab_fil_LossFromContinuingOperations'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_CashTransfers' xlink:label='fil_CashTransfers'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CashTransfers' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash transfers</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_CashTransfers' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of cash transfers to affiliates</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CashTransfers' xlink:to='lab_fil_CashTransfers'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RelatedPartyTransactionsRelatedPartyReceivableFromAndPayableToPillarAsFollowsAbstract' xlink:label='fil_RelatedPartyTransactionsRelatedPartyReceivableFromAndPayableToPillarAsFollowsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RelatedPartyTransactionsRelatedPartyReceivableFromAndPayableToPillarAsFollowsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>RELATED PARTY TRANSACTIONS related party receivable from and payable to Pillar as follows</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RelatedPartyTransactionsRelatedPartyReceivableFromAndPayableToPillarAsFollowsAbstract' xlink:to='lab_fil_RelatedPartyTransactionsRelatedPartyReceivableFromAndPayableToPillarAsFollowsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Total1' xlink:label='fil_Total1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Total1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Total1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Total</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Total1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Total1' xlink:to='lab_fil_Total1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_AllowanceForEstimatedLosses' xlink:label='fil_AllowanceForEstimatedLosses'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AllowanceForEstimatedLosses' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Allowance for estimated losses</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AllowanceForEstimatedLosses' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of estimated losses</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AllowanceForEstimatedLosses' xlink:to='lab_fil_AllowanceForEstimatedLosses'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_InterestReceivableNonPerformingFinancingNotesReceivable' xlink:label='fil_InterestReceivableNonPerformingFinancingNotesReceivable'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestReceivableNonPerformingFinancingNotesReceivable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accrued interest</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InterestReceivableNonPerformingFinancingNotesReceivable' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Accrued interest receivable on non performing financing notes receivable.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InterestReceivableNonPerformingFinancingNotesReceivable' xlink:to='lab_fil_InterestReceivableNonPerformingFinancingNotesReceivable'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TotalPerforming' xlink:label='fil_TotalPerforming'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalPerforming' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Performing</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalPerforming' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of current financing notes receivable due for the reporting period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalPerforming' xlink:to='lab_fil_TotalPerforming'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncLimestoneCanyon' xlink:label='fil_UnifiedHousingFoundationIncLimestoneCanyon'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncLimestoneCanyon' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Limestone Canyon)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncLimestoneCanyon' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Unified Housing Foundation, Inc. (Limestone Canyon)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncLimestoneCanyon' xlink:to='lab_fil_UnifiedHousingFoundationIncLimestoneCanyon'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OneRealcoCorporation12' xlink:label='fil_OneRealcoCorporation12'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OneRealcoCorporation12' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>One Realco Corporation (1) (2)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OneRealcoCorporation12' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OneRealcoCorporation12' xlink:to='lab_fil_OneRealcoCorporation12'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TciSoldCommercialBuildingSquareFoot' xlink:label='fil_TciSoldCommercialBuildingSquareFoot'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TciSoldCommercialBuildingSquareFoot' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>TCI sold commercial building (square foot)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TciSoldCommercialBuildingSquareFoot' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>TCI sold commercial building</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TciSoldCommercialBuildingSquareFoot' xlink:to='lab_fil_TciSoldCommercialBuildingSquareFoot'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NumberOfApartmentCommunities' xlink:label='fil_NumberOfApartmentCommunities'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfApartmentCommunities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Number of apartment communities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfApartmentCommunities' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Number of apartment communities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NumberOfApartmentCommunities' xlink:to='lab_fil_NumberOfApartmentCommunities'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TheTableBelowReconcilesSegmentInformationToConsolidatedStatementsOfOperations1Abstract' xlink:label='fil_TheTableBelowReconcilesSegmentInformationToConsolidatedStatementsOfOperations1Abstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TheTableBelowReconcilesSegmentInformationToConsolidatedStatementsOfOperations1Abstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>The Table Below Reconciles Segment Information To Consolidated Statements Of Operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TheTableBelowReconcilesSegmentInformationToConsolidatedStatementsOfOperations1Abstract' xlink:to='lab_fil_TheTableBelowReconcilesSegmentInformationToConsolidatedStatementsOfOperations1Abstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NatureOfOperations' xlink:label='us-gaap_NatureOfOperations'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NatureOfOperations' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Organization</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NatureOfOperations' xlink:to='lab_us-gaap_NatureOfOperations'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract' xlink:label='us-gaap_SupplementalCashFlowInformationAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SupplementalCashFlowInformationAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Supplemental disclosures of cash flow information:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_SupplementalCashFlowInformationAbstract' xlink:to='lab_us-gaap_SupplementalCashFlowInformationAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_AcquisitionOfLandHeldForDevelopment' xlink:label='fil_AcquisitionOfLandHeldForDevelopment'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AcquisitionOfLandHeldForDevelopment' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Acquisition of land held for development</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AcquisitionOfLandHeldForDevelopment' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The cash outflow for purchase of land held for development</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AcquisitionOfLandHeldForDevelopment' xlink:to='lab_fil_AcquisitionOfLandHeldForDevelopment'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ConversionOfPreferredStockIntoCommonStock' xlink:label='fil_ConversionOfPreferredStockIntoCommonStock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ConversionOfPreferredStockIntoCommonStock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Conversion of preferred stock into common stock</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ConversionOfPreferredStockIntoCommonStock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Issuance of preferred stocks identified as being convertible into another form of financial instrument, typically the entity&apos;s common stock.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ConversionOfPreferredStockIntoCommonStock' xlink:to='lab_fil_ConversionOfPreferredStockIntoCommonStock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PropertyOperatingExpensesFromRelatedParties' xlink:label='fil_PropertyOperatingExpensesFromRelatedParties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PropertyOperatingExpensesFromRelatedParties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Property operating expenses from related parties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PropertyOperatingExpensesFromRelatedParties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of Property operating expenses from related parties during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PropertyOperatingExpensesFromRelatedParties' xlink:to='lab_fil_PropertyOperatingExpensesFromRelatedParties'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract' xlink:label='us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Discontinued operations:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract' xlink:to='lab_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SharesHeldByTCI' xlink:label='fil_SharesHeldByTCI'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SharesHeldByTCI' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Shares held by TCI</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SharesHeldByTCI' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The number of shares held by TCI as of the balance sheet date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SharesHeldByTCI' xlink:to='lab_fil_SharesHeldByTCI'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SeriesAConvertiblePreferredStockSharesOutstanding' xlink:label='fil_SeriesAConvertiblePreferredStockSharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SeriesAConvertiblePreferredStockSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Series A Convertible Preferred stock shares outstanding</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SeriesAConvertiblePreferredStockSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Series A Convertible Preferred stock shares outstanding</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SeriesAConvertiblePreferredStockSharesOutstanding' xlink:to='lab_fil_SeriesAConvertiblePreferredStockSharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ReservedValueRepresents100OfBothAssetsAndBookValue' xlink:label='fil_ReservedValueRepresents100OfBothAssetsAndBookValue'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ReservedValueRepresents100OfBothAssetsAndBookValue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Reserved value represents 100% of both assets and book value</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ReservedValueRepresents100OfBothAssetsAndBookValue' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Reserved value represents 100% of both assets and book value</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ReservedValueRepresents100OfBothAssetsAndBookValue' xlink:to='lab_fil_ReservedValueRepresents100OfBothAssetsAndBookValue'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TotalOtherExpenses1' xlink:label='fil_TotalOtherExpenses1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalOtherExpenses1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total other expenses {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalOtherExpenses1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Total other expenses</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalOtherExpenses1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>This element represents a sum total of expenses not separately reflected on the income statement for the period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalOtherExpenses1' xlink:to='lab_fil_TotalOtherExpenses1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NotesAndInterestReceivable' xlink:label='fil_NotesAndInterestReceivable'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesAndInterestReceivable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Notes and interest receivable {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesAndInterestReceivable' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Notes and interest receivable</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesAndInterestReceivable' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NotesAndInterestReceivable' xlink:to='lab_fil_NotesAndInterestReceivable'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NetIncomeFeeToRelatedParty1' xlink:label='fil_NetIncomeFeeToRelatedParty1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeFeeToRelatedParty1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income fee to related party {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeFeeToRelatedParty1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Net income fee to related party</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeFeeToRelatedParty1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Net income fee to related party during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NetIncomeFeeToRelatedParty1' xlink:to='lab_fil_NetIncomeFeeToRelatedParty1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SalesPurchasesTransaction' xlink:label='fil_SalesPurchasesTransaction'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SalesPurchasesTransaction' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Sales/purchases transactions</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SalesPurchasesTransaction' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Sales/Purchases Transaction</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SalesPurchasesTransaction' xlink:to='lab_fil_SalesPurchasesTransaction'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_LandHeldForDevelopment2' xlink:label='fil_LandHeldForDevelopment2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LandHeldForDevelopment2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Land held for development {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LandHeldForDevelopment2' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Land held for development</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LandHeldForDevelopment2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LandHeldForDevelopment2' xlink:to='lab_fil_LandHeldForDevelopment2'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Apartments1' xlink:label='fil_Apartments1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Apartments1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Apartments {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Apartments1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Apartments</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Apartments1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Apartments1' xlink:to='lab_fil_Apartments1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NotesReceivable1' xlink:label='fil_NotesReceivable1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesReceivable1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Notes receivable</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesReceivable1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Carrying amount of notes receivable as of the balance sheet date, net of allowance for doubtful accounts.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NotesReceivable1' xlink:to='lab_fil_NotesReceivable1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_GruppaFlorentinaLLC' xlink:label='fil_GruppaFlorentinaLLC'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_GruppaFlorentinaLLC' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Gruppa Florentina, LLC</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_GruppaFlorentinaLLC' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_GruppaFlorentinaLLC' xlink:to='lab_fil_GruppaFlorentinaLLC'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncKensingtonPark1' xlink:label='fil_UnifiedHousingFoundationIncKensingtonPark1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncKensingtonPark1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Kensington Park) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncKensingtonPark1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncKensingtonPark1' xlink:to='lab_fil_UnifiedHousingFoundationIncKensingtonPark1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_FoundationForBetterHousingIncVistaRidge11' xlink:label='fil_FoundationForBetterHousingIncVistaRidge11'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_FoundationForBetterHousingIncVistaRidge11' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Foundation for Better Housing, Inc. (Vista Ridge) (1) {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_FoundationForBetterHousingIncVistaRidge11' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Foundation for Better Housing, Inc. (Vista Ridge) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_FoundationForBetterHousingIncVistaRidge11' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_FoundationForBetterHousingIncVistaRidge11' xlink:to='lab_fil_FoundationForBetterHousingIncVistaRidge11'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ExistingDebtSecuredByTheProperty' xlink:label='fil_ExistingDebtSecuredByTheProperty'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ExistingDebtSecuredByTheProperty' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Existing debt secured by the property</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ExistingDebtSecuredByTheProperty' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Existing debt secured by the property</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ExistingDebtSecuredByTheProperty' xlink:to='lab_fil_ExistingDebtSecuredByTheProperty'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RealEstateHeldForSale' xlink:label='fil_RealEstateHeldForSale'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateHeldForSale' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real estate held for sale</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateHeldForSale' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RealEstateHeldForSale' xlink:to='lab_fil_RealEstateHeldForSale'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SIGNIFICANTACCOUNTINGPOLICIESAbstract' xlink:label='fil_SIGNIFICANTACCOUNTINGPOLICIESAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SIGNIFICANTACCOUNTINGPOLICIESAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>SIGNIFICANT ACCOUNTING POLICIES</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SIGNIFICANTACCOUNTINGPOLICIESAbstract' xlink:to='lab_fil_SIGNIFICANTACCOUNTINGPOLICIESAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RelatedPartyDisclosuresAbstract' xlink:label='fil_RelatedPartyDisclosuresAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RelatedPartyDisclosuresAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>RELATED PARTY TRANSACTIONS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RelatedPartyDisclosuresAbstract' xlink:to='lab_fil_RelatedPartyDisclosuresAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_EarningsLossesFromUnconsolidatedSubsidiariesAndInvestees' xlink:label='fil_EarningsLossesFromUnconsolidatedSubsidiariesAndInvestees'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_EarningsLossesFromUnconsolidatedSubsidiariesAndInvestees' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>(Earnings) losses from unconsolidated subsidiaries and investees</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_EarningsLossesFromUnconsolidatedSubsidiariesAndInvestees' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of earnings from unconsolidated subsidiaries and investees during the period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_EarningsLossesFromUnconsolidatedSubsidiariesAndInvestees' xlink:to='lab_fil_EarningsLossesFromUnconsolidatedSubsidiariesAndInvestees'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest' xlink:label='us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Comprehensive income attributable to American Realty Investors, Inc.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest' xlink:to='lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMember' xlink:label='us-gaap_EquityMember'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EquityMember' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Equity</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EquityMember' xlink:to='lab_us-gaap_EquityMember'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RentalAndOtherPropertyRevenuesFromRelatedParties' xlink:label='fil_RentalAndOtherPropertyRevenuesFromRelatedParties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RentalAndOtherPropertyRevenuesFromRelatedParties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Rental and other property revenues, affiliates and related parties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RentalAndOtherPropertyRevenuesFromRelatedParties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of Rental and other property revenues from related parties during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RentalAndOtherPropertyRevenuesFromRelatedParties' xlink:to='lab_fil_RentalAndOtherPropertyRevenuesFromRelatedParties'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare' xlink:label='us-gaap_CommonStockParOrStatedValuePerShare'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockParOrStatedValuePerShare' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common stock, par value</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockParOrStatedValuePerShare' xlink:to='lab_us-gaap_CommonStockParOrStatedValuePerShare'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PreferredStockSeriesKSharesOutstanding' xlink:label='fil_PreferredStockSeriesKSharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockSeriesKSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred stock Series K, shares outstanding</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockSeriesKSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PreferredStockSeriesKSharesOutstanding' xlink:to='lab_fil_PreferredStockSeriesKSharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockLiquidationPreference' xlink:label='us-gaap_PreferredStockLiquidationPreference'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreferredStockLiquidationPreference' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred stock Series A, liquidation preference per share</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreferredStockLiquidationPreference' xlink:to='lab_us-gaap_PreferredStockLiquidationPreference'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockValue' xlink:label='us-gaap_TreasuryStockValue'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_TreasuryStockValue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Treasury stock at cost; 415,785 shares in 2014 and 2013</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_TreasuryStockValue' xlink:to='lab_us-gaap_TreasuryStockValue'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockValue' xlink:label='us-gaap_PreferredStockValue'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreferredStockValue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred stock, Series A: $2.00 par value, authorized 15,000,000 shares, issued and outstanding 2,461,252 shares in 2014 and 3,353,954 shares in 2013 (liquidation preference $10 per share), including 900,000 shares in 2014 and 2013 held by ARL or subsidiaries. Series K: $2.00 par value, authorized, issued and outstanding 0 shares in 2014 and 135,000 shares in 2013 (liquidation preference $22 per share)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreferredStockValue' xlink:to='lab_us-gaap_PreferredStockValue'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityMethodInvestments' xlink:label='us-gaap_EquityMethodInvestments'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EquityMethodInvestments' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Investments in unconsolidated subsidiaries and investees</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EquityMethodInvestments' xlink:to='lab_us-gaap_EquityMethodInvestments'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NotesAndInterestReceivableAbstract' xlink:label='fil_NotesAndInterestReceivableAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesAndInterestReceivableAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Notes and interest receivable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NotesAndInterestReceivableAbstract' xlink:to='lab_fil_NotesAndInterestReceivableAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_IncomeLossFromDiscontinuedOperations' xlink:label='fil_IncomeLossFromDiscontinuedOperations'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeLossFromDiscontinuedOperations' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income from discontinued operations {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeLossFromDiscontinuedOperations' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Income from discontinued operations</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeLossFromDiscontinuedOperations' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncomeLossFromDiscontinuedOperations' xlink:to='lab_fil_IncomeLossFromDiscontinuedOperations'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PropertyOperatingExpenses' xlink:label='fil_PropertyOperatingExpenses'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PropertyOperatingExpenses' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Property operating expenses</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PropertyOperatingExpenses' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Property Operations expenditures during the reporting</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PropertyOperatingExpenses' xlink:to='lab_fil_PropertyOperatingExpenses'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NotesReceivablePurchased' xlink:label='fil_NotesReceivablePurchased'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesReceivablePurchased' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Notes receivable purchased</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesReceivablePurchased' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of notes receivable purchased</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NotesReceivablePurchased' xlink:to='lab_fil_NotesReceivablePurchased'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Other1' xlink:label='fil_Other1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Other1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Other1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Other</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Other1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Other1' xlink:to='lab_fil_Other1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_IncomeFromContinuingOperations' xlink:label='fil_IncomeFromContinuingOperations'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeFromContinuingOperations' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income from continuing operations</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeFromContinuingOperations' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>This element represents the income or loss from continuing operations attributable to the parent which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests, if any.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncomeFromContinuingOperations' xlink:to='lab_fil_IncomeFromContinuingOperations'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_LemanDevelopmentLtd2' xlink:label='fil_LemanDevelopmentLtd2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LemanDevelopmentLtd2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Leman Development, Ltd (2)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LemanDevelopmentLtd2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>nterestReceivablePerformingFinancingNotesReceivable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LemanDevelopmentLtd2' xlink:to='lab_fil_LemanDevelopmentLtd2'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OtherRelatedPartyNotes11' xlink:label='fil_OtherRelatedPartyNotes11'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherRelatedPartyNotes11' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other related party notes (1) {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherRelatedPartyNotes11' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Other related party notes (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherRelatedPartyNotes11' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OtherRelatedPartyNotes11' xlink:to='lab_fil_OtherRelatedPartyNotes11'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncSenderoRidge' xlink:label='fil_UnifiedHousingFoundationIncSenderoRidge'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncSenderoRidge' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Sendero Ridge)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncSenderoRidge' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncSenderoRidge' xlink:to='lab_fil_UnifiedHousingFoundationIncSenderoRidge'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncLimestoneRanch11' xlink:label='fil_UnifiedHousingFoundationIncLimestoneRanch11'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncLimestoneRanch11' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Limestone Ranch) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncLimestoneRanch11' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncLimestoneRanch11' xlink:to='lab_fil_UnifiedHousingFoundationIncLimestoneRanch11'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_FoundationForBetterHousingIncPreserveAtPecanPointe11' xlink:label='fil_FoundationForBetterHousingIncPreserveAtPecanPointe11'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_FoundationForBetterHousingIncPreserveAtPecanPointe11' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Foundation for Better Housing, Inc. (Preserve at Prairie Pointe) (1) {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_FoundationForBetterHousingIncPreserveAtPecanPointe11' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Foundation for Better Housing, Inc. (Preserve at Prairie Pointe) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_FoundationForBetterHousingIncPreserveAtPecanPointe11' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_FoundationForBetterHousingIncPreserveAtPecanPointe11' xlink:to='lab_fil_FoundationForBetterHousingIncPreserveAtPecanPointe11'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TotalRealEstateNetOfDepreciation' xlink:label='fil_TotalRealEstateNetOfDepreciation'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalRealEstateNetOfDepreciation' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total real estate, net of depreciation</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalRealEstateNetOfDepreciation' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The total value of real estate, net of depreciation, as of the balance sheet date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalRealEstateNetOfDepreciation' xlink:to='lab_fil_TotalRealEstateNetOfDepreciation'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NumberOfInterestsInATotalPropertyPortfolioOfIncomeProducingProperties' xlink:label='fil_NumberOfInterestsInATotalPropertyPortfolioOfIncomeProducingProperties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfInterestsInATotalPropertyPortfolioOfIncomeProducingProperties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Number of interests in a total property portfolio of income producing properties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NumberOfInterestsInATotalPropertyPortfolioOfIncomeProducingProperties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Number of interests in a total property portfolio of income producing properties.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NumberOfInterestsInATotalPropertyPortfolioOfIncomeProducingProperties' xlink:to='lab_fil_NumberOfInterestsInATotalPropertyPortfolioOfIncomeProducingProperties'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PercentageOfCommonStockOwnedByArlOfTranscontinentalRealtyInvestorsInc' xlink:label='fil_PercentageOfCommonStockOwnedByArlOfTranscontinentalRealtyInvestorsInc'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PercentageOfCommonStockOwnedByArlOfTranscontinentalRealtyInvestorsInc' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Percentage of common stock owned by ARL of Transcontinental Realty Investors Inc.</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PercentageOfCommonStockOwnedByArlOfTranscontinentalRealtyInvestorsInc' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Percentage of common stock owned by ARL of Transcontinental Realty Investors Inc</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PercentageOfCommonStockOwnedByArlOfTranscontinentalRealtyInvestorsInc' xlink:to='lab_fil_PercentageOfCommonStockOwnedByArlOfTranscontinentalRealtyInvestorsInc'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SummaryOfNotesAndInterestPayableTextBlock' xlink:label='fil_SummaryOfNotesAndInterestPayableTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SummaryOfNotesAndInterestPayableTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Schedule Of Notes And Interest Payable</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SummaryOfNotesAndInterestPayableTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabular disclosure for summary of our notes and interest payable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SummaryOfNotesAndInterestPayableTextBlock' xlink:to='lab_fil_SummaryOfNotesAndInterestPayableTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TheFollowingIsASummaryOfTheFinancialPositionAndResultsOfOperationsTextBlock' xlink:label='fil_TheFollowingIsASummaryOfTheFinancialPositionAndResultsOfOperationsTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TheFollowingIsASummaryOfTheFinancialPositionAndResultsOfOperationsTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Schedule Of The Financial Position And Results Of Operations</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TheFollowingIsASummaryOfTheFinancialPositionAndResultsOfOperationsTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Entire tabular disclosure for summary of the financial position and results of operations from our investees</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TheFollowingIsASummaryOfTheFinancialPositionAndResultsOfOperationsTextBlock' xlink:to='lab_fil_TheFollowingIsASummaryOfTheFinancialPositionAndResultsOfOperationsTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareTextBlock' xlink:label='us-gaap_EarningsPerShareTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerShareTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>EARNINGS PER SHARE {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerShareTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>EARNINGS PER SHARE</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EarningsPerShareTextBlock' xlink:to='lab_us-gaap_EarningsPerShareTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue' xlink:label='us-gaap_CashAndCashEquivalentsAtCarryingValue'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CashAndCashEquivalentsAtCarryingValue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash and cash equivalents, beginning of period</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CashAndCashEquivalentsAtCarryingValue' xlink:role='http://www.xbrl.org/2003/role/periodStartLabel' xml:lang='en-US'>Cash and cash equivalents, beginning of period</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CashAndCashEquivalentsAtCarryingValue' xlink:role='http://www.xbrl.org/2003/role/periodEndLabel' xml:lang='en-US'>Cash and cash equivalents, end of period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CashAndCashEquivalentsAtCarryingValue' xlink:to='lab_us-gaap_CashAndCashEquivalentsAtCarryingValue'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInFinancingActivities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInFinancingActivities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net cash used in financing activities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInFinancingActivities' xlink:to='lab_us-gaap_NetCashProvidedByUsedInFinancingActivities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfLandHeldForUse' xlink:label='us-gaap_ProceedsFromSaleOfLandHeldForUse'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ProceedsFromSaleOfLandHeldForUse' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Proceeds from sale of land</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ProceedsFromSaleOfLandHeldForUse' xlink:to='lab_us-gaap_ProceedsFromSaleOfLandHeldForUse'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense' xlink:label='us-gaap_IncreaseDecreaseInPrepaidExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInPrepaidExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Prepaid expense</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInPrepaidExpense' xlink:to='lab_us-gaap_IncreaseDecreaseInPrepaidExpense'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash flows operating activities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_IncomeLossFromContinuingOperationsARI' xlink:label='fil_IncomeLossFromContinuingOperationsARI'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeLossFromContinuingOperationsARI' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net loss from continuing operations {3}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeLossFromContinuingOperationsARI' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Net loss from continuing operations</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeLossFromContinuingOperationsARI' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>This element represents the income or loss from continuing operations attributable to the parent which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests, if any.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncomeLossFromContinuingOperationsARI' xlink:to='lab_fil_IncomeLossFromContinuingOperationsARI'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesIssued' xlink:label='us-gaap_CommonStockSharesIssued'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockSharesIssued' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common stock, shares issued</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockSharesIssued' xlink:to='lab_us-gaap_CommonStockSharesIssued'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_DepreciationOfRealEstateSubjectToSalesContractsAtCost' xlink:label='fil_DepreciationOfRealEstateSubjectToSalesContractsAtCost'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DepreciationOfRealEstateSubjectToSalesContractsAtCost' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Depreciation of Real Estate subject to sales contracts at cost</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DepreciationOfRealEstateSubjectToSalesContractsAtCost' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The carrying value of depreciation of real estate subject to sales contracts at cost as of the date.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DepreciationOfRealEstateSubjectToSalesContractsAtCost' xlink:to='lab_fil_DepreciationOfRealEstateSubjectToSalesContractsAtCost'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityPublicFloat' xlink:label='dei_EntityPublicFloat'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityPublicFloat' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Public Float</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityPublicFloat' xlink:to='lab_dei_EntityPublicFloat'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EquityComponentDomain' xlink:label='us-gaap_EquityComponentDomain'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EquityComponentDomain' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Equity Component [Domain]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EquityComponentDomain' xlink:to='lab_us-gaap_EquityComponentDomain'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RecordedAGainOnTheSale2' xlink:label='fil_RecordedAGainOnTheSale2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RecordedAGainOnTheSale2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Recorded a gain on the sale {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RecordedAGainOnTheSale2' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Recorded a gain on the sale</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RecordedAGainOnTheSale2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Recorded a gain on the sale</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RecordedAGainOnTheSale2' xlink:to='lab_fil_RecordedAGainOnTheSale2'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SeriesAConvertiblePreferredStockOwnedByRai' xlink:label='fil_SeriesAConvertiblePreferredStockOwnedByRai'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SeriesAConvertiblePreferredStockOwnedByRai' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Series A Convertible Preferred stock owned by RAI</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SeriesAConvertiblePreferredStockOwnedByRai' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Series A Convertible Preferred stock owned by RAI</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SeriesAConvertiblePreferredStockOwnedByRai' xlink:to='lab_fil_SeriesAConvertiblePreferredStockOwnedByRai'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SeriesACumulativeConvertiblePreferredStockSharesOutstanding' xlink:label='fil_SeriesACumulativeConvertiblePreferredStockSharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SeriesACumulativeConvertiblePreferredStockSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Series A 10% Cumulative Convertible Preferred stock shares outstanding</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SeriesACumulativeConvertiblePreferredStockSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The total number of Series A cumulative preferred stock held by stockholders as of the stated date.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SeriesACumulativeConvertiblePreferredStockSharesOutstanding' xlink:to='lab_fil_SeriesACumulativeConvertiblePreferredStockSharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_DamagesAwardedToTheClapperEntities' xlink:label='fil_DamagesAwardedToTheClapperEntities'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DamagesAwardedToTheClapperEntities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Damages awarded to the clapper entities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DamagesAwardedToTheClapperEntities' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The total amount of damages awarded to the clapper entitites</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DamagesAwardedToTheClapperEntities' xlink:to='lab_fil_DamagesAwardedToTheClapperEntities'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_DeferredBorrowingCostsAmortization' xlink:label='fil_DeferredBorrowingCostsAmortization'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DeferredBorrowingCostsAmortization' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Deferred borrowing costs amortization {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DeferredBorrowingCostsAmortization' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Deferred borrowing costs amortization</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_DeferredBorrowingCostsAmortization' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Deferred borrowing costs amortization during the period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DeferredBorrowingCostsAmortization' xlink:to='lab_fil_DeferredBorrowingCostsAmortization'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ReconcilesTheSegmentInformationToTheCorrespondingAmountsDuringThePeriodAbstract' xlink:label='fil_ReconcilesTheSegmentInformationToTheCorrespondingAmountsDuringThePeriodAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ReconcilesTheSegmentInformationToTheCorrespondingAmountsDuringThePeriodAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Reconciles the segment information to the corresponding amounts during the period:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ReconcilesTheSegmentInformationToTheCorrespondingAmountsDuringThePeriodAbstract' xlink:to='lab_fil_ReconcilesTheSegmentInformationToTheCorrespondingAmountsDuringThePeriodAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_FeesAndCommissionsToPillarPrime' xlink:label='fil_FeesAndCommissionsToPillarPrime'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_FeesAndCommissionsToPillarPrime' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Fees and commissions</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_FeesAndCommissionsToPillarPrime' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of Fees and commissions paid to related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_FeesAndCommissionsToPillarPrime' xlink:to='lab_fil_FeesAndCommissionsToPillarPrime'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Apartments3' xlink:label='fil_Apartments3'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Apartments3' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Apartments {3}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Apartments3' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Apartments</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Apartments3' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Apartments3' xlink:to='lab_fil_Apartments3'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_AccruedInterestAbstract' xlink:label='fil_AccruedInterestAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AccruedInterestAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accrued Interest:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AccruedInterestAbstract' xlink:to='lab_fil_AccruedInterestAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_InvestmentInUnConsolidatedJointVenturesAndInvesteesConsistsOfTheFollowingAbstract' xlink:label='fil_InvestmentInUnConsolidatedJointVenturesAndInvesteesConsistsOfTheFollowingAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InvestmentInUnConsolidatedJointVenturesAndInvesteesConsistsOfTheFollowingAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Investment In UnConsolidated Joint Ventures And Investees consists of the following:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InvestmentInUnConsolidatedJointVenturesAndInvesteesConsistsOfTheFollowingAbstract' xlink:to='lab_fil_InvestmentInUnConsolidatedJointVenturesAndInvesteesConsistsOfTheFollowingAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PurchasePrice1' xlink:label='fil_PurchasePrice1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PurchasePrice1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Purchase price</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PurchasePrice1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Purchase price</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PurchasePrice1' xlink:to='lab_fil_PurchasePrice1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SignificantRealEstateTransactionsAbstract' xlink:label='fil_SignificantRealEstateTransactionsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SignificantRealEstateTransactionsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Significant real estate transactions</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SignificantRealEstateTransactionsAbstract' xlink:to='lab_fil_SignificantRealEstateTransactionsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TotalRealEstateAtCostLessImpairment' xlink:label='fil_TotalRealEstateAtCostLessImpairment'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalRealEstateAtCostLessImpairment' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total real estate {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalRealEstateAtCostLessImpairment' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Total real estate</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalRealEstateAtCostLessImpairment' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Gross amount of real estate as of the balance sheet date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalRealEstateAtCostLessImpairment' xlink:to='lab_fil_TotalRealEstateAtCostLessImpairment'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ScheduleOfReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedBalanceSheetsTableTextBlock' xlink:label='fil_ScheduleOfReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedBalanceSheetsTableTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ScheduleOfReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedBalanceSheetsTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Reconciles the segment information to the corresponding amounts in the Consolidated Balance Sheets {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ScheduleOfReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedBalanceSheetsTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Reconciles the segment information to the corresponding amounts in the Consolidated Balance Sheets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ScheduleOfReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedBalanceSheetsTableTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tbular Disclosure forThe table below reconciles the segment information to the corresponding amounts in the Consolidated Balance Sheets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ScheduleOfReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedBalanceSheetsTableTextBlock' xlink:to='lab_fil_ScheduleOfReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedBalanceSheetsTableTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInInterestPayableNet' xlink:label='us-gaap_IncreaseDecreaseInInterestPayableNet'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInInterestPayableNet' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accrued interest payable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInInterestPayableNet' xlink:to='lab_us-gaap_IncreaseDecreaseInInterestPayableNet'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossTax' xlink:label='us-gaap_OtherComprehensiveIncomeLossTax'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherComprehensiveIncomeLossTax' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other comprehensive income (loss)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherComprehensiveIncomeLossTax' xlink:to='lab_us-gaap_OtherComprehensiveIncomeLossTax'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SeriesAPreferredStockDividend100PerShare' xlink:label='fil_SeriesAPreferredStockDividend100PerShare'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SeriesAPreferredStockDividend100PerShare' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Series A preferred stock dividend ($1.00 per share)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SeriesAPreferredStockDividend100PerShare' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Series A preferred stock dividend ($1.00 per share)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SeriesAPreferredStockDividend100PerShare' xlink:to='lab_fil_SeriesAPreferredStockDividend100PerShare'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OPERATIONSPARENTHETICALSAbstract' xlink:label='fil_OPERATIONSPARENTHETICALSAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OPERATIONSPARENTHETICALSAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>OPERATIONS PARENTHETICALS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OPERATIONSPARENTHETICALSAbstract' xlink:to='lab_fil_OPERATIONSPARENTHETICALSAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic' xlink:label='us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income (loss) applicable to common shares</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic' xlink:to='lab_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetIncomeLoss' xlink:label='us-gaap_NetIncomeLoss'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetIncomeLoss' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income (loss)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetIncomeLoss' xlink:to='lab_us-gaap_NetIncomeLoss'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AmortizationOfFinancingCosts' xlink:label='us-gaap_AmortizationOfFinancingCosts'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AmortizationOfFinancingCosts' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Deferred borrowing costs amortization</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AmortizationOfFinancingCosts' xlink:to='lab_us-gaap_AmortizationOfFinancingCosts'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesOutstanding' xlink:label='us-gaap_CommonStockSharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common stock, shares outstanding</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockSharesOutstanding' xlink:to='lab_us-gaap_CommonStockSharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciation' xlink:label='us-gaap_RealEstateAccumulatedDepreciation'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RealEstateAccumulatedDepreciation' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Depreciation of Real Estate held for sale at cost</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RealEstateAccumulatedDepreciation' xlink:to='lab_us-gaap_RealEstateAccumulatedDepreciation'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StockholdersEquity' xlink:label='us-gaap_StockholdersEquity'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockholdersEquity' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total equity</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StockholdersEquity' xlink:to='lab_us-gaap_StockholdersEquity'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssets' xlink:label='us-gaap_OtherAssets'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherAssets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other assets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherAssets' xlink:to='lab_us-gaap_OtherAssets'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus' xlink:label='dei_DocumentFiscalPeriodFocus'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_DocumentFiscalPeriodFocus' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document Fiscal Period Focus</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_DocumentFiscalPeriodFocus' xlink:to='lab_dei_DocumentFiscalPeriodFocus'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_DocumentAndEntityInformationAbstract' xlink:label='fil_DocumentAndEntityInformationAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DocumentAndEntityInformationAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document and Entity Information</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DocumentAndEntityInformationAbstract' xlink:to='lab_fil_DocumentAndEntityInformationAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_EarningsPerShareDetailsAbstract' xlink:label='fil_EarningsPerShareDetailsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_EarningsPerShareDetailsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>EARNINGS PER SHARE DETAILS:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_EarningsPerShareDetailsAbstract' xlink:to='lab_fil_EarningsPerShareDetailsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SoldArtAndSubsidiariesForNote' xlink:label='fil_SoldArtAndSubsidiariesForNote'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SoldArtAndSubsidiariesForNote' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Sold ART and subsidiaries for note</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SoldArtAndSubsidiariesForNote' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Sold ART and subsidiaries for note</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SoldArtAndSubsidiariesForNote' xlink:to='lab_fil_SoldArtAndSubsidiariesForNote'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ExpensesAbstract' xlink:label='fil_ExpensesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ExpensesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Expenses: {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ExpensesAbstract' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Expenses:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ExpensesAbstract' xlink:to='lab_fil_ExpensesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_EarningsFromUnconsolidatedJointVenturesAndInvestees' xlink:label='fil_EarningsFromUnconsolidatedJointVenturesAndInvestees'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_EarningsFromUnconsolidatedJointVenturesAndInvestees' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Earnings from unconsolidated investees</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_EarningsFromUnconsolidatedJointVenturesAndInvestees' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Earnings from unconsolidated investees</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_EarningsFromUnconsolidatedJointVenturesAndInvestees' xlink:to='lab_fil_EarningsFromUnconsolidatedJointVenturesAndInvestees'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RealEstateSubjectToSalesContract2' xlink:label='fil_RealEstateSubjectToSalesContract2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateSubjectToSalesContract2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real estate subject to sales contract {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateSubjectToSalesContract2' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Real estate subject to sales contract</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateSubjectToSalesContract2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. For classified balance sheets, used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer); for unclassified balance sheets, used to reflect the total liabilities (regardless of due date)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RealEstateSubjectToSalesContract2' xlink:to='lab_fil_RealEstateSubjectToSalesContract2'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RealEstateHeldForSale2' xlink:label='fil_RealEstateHeldForSale2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateHeldForSale2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real estate held for sale {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateHeldForSale2' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Real estate held for sale</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealEstateHeldForSale2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Total carrying value of notes and interest payable as of balance sheet date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RealEstateHeldForSale2' xlink:to='lab_fil_RealEstateHeldForSale2'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Depreciation1' xlink:label='fil_Depreciation1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Depreciation1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Depreciation {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Depreciation1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Depreciation</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Depreciation1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets&apos; useful lives. Includes production and non-production related depreciation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Depreciation1' xlink:to='lab_fil_Depreciation1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationInc3' xlink:label='fil_UnifiedHousingFoundationInc3'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationInc3' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationInc3' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Unified Housing Foundation, Inc</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationInc3' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationInc3' xlink:to='lab_fil_UnifiedHousingFoundationInc3'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncLimestoneCanyon11' xlink:label='fil_UnifiedHousingFoundationIncLimestoneCanyon11'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncLimestoneCanyon11' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Limestone Canyon) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncLimestoneCanyon11' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncLimestoneCanyon11' xlink:to='lab_fil_UnifiedHousingFoundationIncLimestoneCanyon11'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_CommercialProperties' xlink:label='fil_CommercialProperties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CommercialProperties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Commercial properties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_CommercialProperties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Gross amount, as of the balance sheet date, of long-lived, depreciable assets that include office and retail building structures held for productive use including any addition, improvement, or renovation to the structure, such as interior masonry, interior flooring, electrical, and plumbing.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CommercialProperties' xlink:to='lab_fil_CommercialProperties'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PercentageOfCommonStockOwnedByRelatedParties' xlink:label='fil_PercentageOfCommonStockOwnedByRelatedParties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PercentageOfCommonStockOwnedByRelatedParties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Percentage of common stock owned by related parties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PercentageOfCommonStockOwnedByRelatedParties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Percentage of common stock owned by related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PercentageOfCommonStockOwnedByRelatedParties' xlink:to='lab_fil_PercentageOfCommonStockOwnedByRelatedParties'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NOTESANDINTERESTRECEIVABLETablesAbstract' xlink:label='fil_NOTESANDINTERESTRECEIVABLETablesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NOTESANDINTERESTRECEIVABLETablesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>NOTES AND INTEREST RECEIVABLE {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NOTESANDINTERESTRECEIVABLETablesAbstract' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>NOTES AND INTEREST RECEIVABLE</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NOTESANDINTERESTRECEIVABLETablesAbstract' xlink:to='lab_fil_NOTESANDINTERESTRECEIVABLETablesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateHeldForDevelopmentAndSalePolicy' xlink:label='us-gaap_RealEstateHeldForDevelopmentAndSalePolicy'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Real Estate Held For Sale Policy</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RealEstateHeldForDevelopmentAndSalePolicy' xlink:to='lab_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageNotesPayableDisclosureTextBlock' xlink:label='us-gaap_MortgageNotesPayableDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_MortgageNotesPayableDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>NOTES PAYABLE {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_MortgageNotesPayableDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>NOTES PAYABLE</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_MortgageNotesPayableDisclosureTextBlock' xlink:to='lab_us-gaap_MortgageNotesPayableDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ConversionOfPreferredStockIntoCommonStock1' xlink:label='fil_ConversionOfPreferredStockIntoCommonStock1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ConversionOfPreferredStockIntoCommonStock1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Conversion of preferred stock into common stock {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ConversionOfPreferredStockIntoCommonStock1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Conversion of preferred stock into common stock</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ConversionOfPreferredStockIntoCommonStock1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The value of the stock converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. &quot;Part noncash&quot; refers to that portion of the transaction not resulting in cash receipts or cash payments in the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ConversionOfPreferredStockIntoCommonStock1' xlink:to='lab_fil_ConversionOfPreferredStockIntoCommonStock1'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash Flow From Financing Activities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:to='lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireNotesReceivable' xlink:label='us-gaap_PaymentsToAcquireNotesReceivable'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PaymentsToAcquireNotesReceivable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Origination or advances of notes receivable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PaymentsToAcquireNotesReceivable' xlink:to='lab_us-gaap_PaymentsToAcquireNotesReceivable'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_GainOnSaleOfIncomeProducingProperties' xlink:label='fil_GainOnSaleOfIncomeProducingProperties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_GainOnSaleOfIncomeProducingProperties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Gain on sale of income-producing properties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_GainOnSaleOfIncomeProducingProperties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Gain on sale of income-producing properties.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_GainOnSaleOfIncomeProducingProperties' xlink:to='lab_fil_GainOnSaleOfIncomeProducingProperties'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockMember' xlink:label='us-gaap_CommonStockMember'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockMember' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common Stock Amount</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockMember' xlink:to='lab_us-gaap_CommonStockMember'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StatementTable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Statements</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StatementTable' xlink:to='lab_us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NetIncomeLossApplicableToAmericanRealtyInvestorsInc' xlink:label='fil_NetIncomeLossApplicableToAmericanRealtyInvestorsInc'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeLossApplicableToAmericanRealtyInvestorsInc' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income (loss) applicable to American Realty Investors, Inc.</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeLossApplicableToAmericanRealtyInvestorsInc' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NetIncomeLossApplicableToAmericanRealtyInvestorsInc' xlink:to='lab_fil_NetIncomeLossApplicableToAmericanRealtyInvestorsInc'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest' xlink:label='us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Loss before gain on land sales, non-controlling interest, and taxes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest' xlink:to='lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_LoanChargesAndPrepaymentPenalties' xlink:label='fil_LoanChargesAndPrepaymentPenalties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LoanChargesAndPrepaymentPenalties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Loan charges and prepayment penalties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LoanChargesAndPrepaymentPenalties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of cash paid for loan charges and prepayment penalties on transactions during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LoanChargesAndPrepaymentPenalties' xlink:to='lab_fil_LoanChargesAndPrepaymentPenalties'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateRevenueNet' xlink:label='us-gaap_RealEstateRevenueNet'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RealEstateRevenueNet' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Rental and other property revenues (including $175 and $165 for the three months and $525 and $497 for the nine months ended 2014 and 2013, respectively, from related parties)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RealEstateRevenueNet' xlink:to='lab_us-gaap_RealEstateRevenueNet'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TreasuryStockShares' xlink:label='us-gaap_TreasuryStockShares'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_TreasuryStockShares' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Treasury stock, shares</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_TreasuryStockShares' xlink:to='lab_us-gaap_TreasuryStockShares'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NotesAndInterestPayable' xlink:label='fil_NotesAndInterestPayable'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesAndInterestPayable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Notes and interest payable</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesAndInterestPayable' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The carrying value of notes and interest payable as of the balance sheet date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NotesAndInterestPayable' xlink:to='lab_fil_NotesAndInterestPayable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityVoluntaryFilers' xlink:label='dei_EntityVoluntaryFilers'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityVoluntaryFilers' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Voluntary Filers</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityVoluntaryFilers' xlink:to='lab_dei_EntityVoluntaryFilers'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RecordedAGainOnTheSale1' xlink:label='fil_RecordedAGainOnTheSale1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RecordedAGainOnTheSale1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Recorded a gain on the sale {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RecordedAGainOnTheSale1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Recorded a gain on the sale</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RecordedAGainOnTheSale1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Recorded a gain on the sale</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RecordedAGainOnTheSale1' xlink:to='lab_fil_RecordedAGainOnTheSale1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NotesPayableCurrentOutstandingBalance' xlink:label='fil_NotesPayableCurrentOutstandingBalance'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesPayableCurrentOutstandingBalance' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Notes payable current outstanding balance</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NotesPayableCurrentOutstandingBalance' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, current outstanding amount of a note payable for LK Four Hickory as of the balance sheet date.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NotesPayableCurrentOutstandingBalance' xlink:to='lab_fil_NotesPayableCurrentOutstandingBalance'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OtherIncomeExpense1' xlink:label='fil_OtherIncomeExpense1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherIncomeExpense1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other income {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherIncomeExpense1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Other income</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherIncomeExpense1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity&apos;s normal revenue producing operations.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OtherIncomeExpense1' xlink:to='lab_fil_OtherIncomeExpense1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OperatingSegmentsToTheCorrespondingAmountsInNarrativeAbstract' xlink:label='fil_OperatingSegmentsToTheCorrespondingAmountsInNarrativeAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OperatingSegmentsToTheCorrespondingAmountsInNarrativeAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Operating Segments to the corresponding amounts in narrative:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OperatingSegmentsToTheCorrespondingAmountsInNarrativeAbstract' xlink:to='lab_fil_OperatingSegmentsToTheCorrespondingAmountsInNarrativeAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SegmentOperatingLoss' xlink:label='fil_SegmentOperatingLoss'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SegmentOperatingLoss' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Segment operating loss</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SegmentOperatingLoss' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The total amount of loss for reportable segments</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SegmentOperatingLoss' xlink:to='lab_fil_SegmentOperatingLoss'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NetIncomeFees' xlink:label='fil_NetIncomeFees'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeFees' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income fee</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeFees' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of Net income fee to Advisor</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NetIncomeFees' xlink:to='lab_fil_NetIncomeFees'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_Total2' xlink:label='fil_Total2'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Total2' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Total2' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Total</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_Total2' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Total2' xlink:to='lab_fil_Total2'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TotalNonPerformingLoans1' xlink:label='fil_TotalNonPerformingLoans1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalNonPerformingLoans1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Non-Performing loans:</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalNonPerformingLoans1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Total amount of non-current financing notes receivable due for the reporting period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalNonPerformingLoans1' xlink:to='lab_fil_TotalNonPerformingLoans1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NonPerformingLoans1Abstract' xlink:label='fil_NonPerformingLoans1Abstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NonPerformingLoans1Abstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Non-Performing loans:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NonPerformingLoans1Abstract' xlink:to='lab_fil_NonPerformingLoans1Abstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncSenderoRidge11' xlink:label='fil_UnifiedHousingFoundationIncSenderoRidge11'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncSenderoRidge11' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Sendero Ridge) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncSenderoRidge11' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncSenderoRidge11' xlink:to='lab_fil_UnifiedHousingFoundationIncSenderoRidge11'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RealtyAdvisorsManagementInc1' xlink:label='fil_RealtyAdvisorsManagementInc1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealtyAdvisorsManagementInc1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Realty Advisors Management, Inc. (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RealtyAdvisorsManagementInc1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RealtyAdvisorsManagementInc1' xlink:to='lab_fil_RealtyAdvisorsManagementInc1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SoldToRelatedPartiesAcresOfLand' xlink:label='fil_SoldToRelatedPartiesAcresOfLand'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SoldToRelatedPartiesAcresOfLand' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Sold to related parties acres of land</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_SoldToRelatedPartiesAcresOfLand' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>TCI has sold to a related party</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SoldToRelatedPartiesAcresOfLand' xlink:to='lab_fil_SoldToRelatedPartiesAcresOfLand'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ApartmentCommunitiesUnitsTotal' xlink:label='fil_ApartmentCommunitiesUnitsTotal'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ApartmentCommunitiesUnitsTotal' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Apartment communities units total</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ApartmentCommunitiesUnitsTotal' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Apartment communities units total</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ApartmentCommunitiesUnitsTotal' xlink:to='lab_fil_ApartmentCommunitiesUnitsTotal'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_AreaOfRentalSquareFeetInMillions' xlink:label='fil_AreaOfRentalSquareFeetInMillions'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AreaOfRentalSquareFeetInMillions' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Area of rental square feet (In Millions)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AreaOfRentalSquareFeetInMillions' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Area of rental square feet (In Millions)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AreaOfRentalSquareFeetInMillions' xlink:to='lab_fil_AreaOfRentalSquareFeetInMillions'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ScheduleOfTheTableBelowReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedStatementsOfOperationsTableTextBlockAbstract' xlink:label='fil_ScheduleOfTheTableBelowReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedStatementsOfOperationsTableTextBlockAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ScheduleOfTheTableBelowReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedStatementsOfOperationsTableTextBlockAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>The table below reconciles the segment information to the corresponding amounts in the Consolidated Statements of Operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ScheduleOfTheTableBelowReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedStatementsOfOperationsTableTextBlockAbstract' xlink:to='lab_fil_ScheduleOfTheTableBelowReconcilesTheSegmentInformationToTheCorrespondingAmountsInTheConsolidatedStatementsOfOperationsTableTextBlockAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PropertyPolicyTextBlock' xlink:label='fil_PropertyPolicyTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PropertyPolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Properties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PropertyPolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Disclosure of accounting policy for real estate held for development or sale.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PropertyPolicyTextBlock' xlink:to='lab_fil_PropertyPolicyTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock' xlink:label='us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>DISCONTINUED OPERATIONS {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>DISCONTINUED OPERATIONS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock' xlink:to='lab_us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock' xlink:label='us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>NOTES AND INTEREST RECEIVABLE {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>NOTES AND INTEREST RECEIVABLE</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock' xlink:to='lab_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities' xlink:label='us-gaap_IncreaseDecreaseInOtherOperatingLiabilities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other liabilities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInOtherOperatingLiabilities' xlink:to='lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_IncreaseDecreaseRentReceivables' xlink:label='fil_IncreaseDecreaseRentReceivables'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncreaseDecreaseRentReceivables' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Rent receivables</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncreaseDecreaseRentReceivables' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Increase Decrease in Rent Receivables during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncreaseDecreaseRentReceivables' xlink:to='lab_fil_IncreaseDecreaseRentReceivables'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember' xlink:label='us-gaap_AdditionalPaidInCapitalMember'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AdditionalPaidInCapitalMember' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Paid-in Capital</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AdditionalPaidInCapitalMember' xlink:to='lab_us-gaap_AdditionalPaidInCapitalMember'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ChangesInStockholdersEquityAbstract' xlink:label='fil_ChangesInStockholdersEquityAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ChangesInStockholdersEquityAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>CHANGES IN STOCKHOLDERS EQUITY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ChangesInStockholdersEquityAbstract' xlink:to='lab_fil_ChangesInStockholdersEquityAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_GeneralAndAdministrativeExpensesFromRelatedParties' xlink:label='fil_GeneralAndAdministrativeExpensesFromRelatedParties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_GeneralAndAdministrativeExpensesFromRelatedParties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>General and administrative expenses from related parties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_GeneralAndAdministrativeExpensesFromRelatedParties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of general and administrative expenses of related parties during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_GeneralAndAdministrativeExpensesFromRelatedParties' xlink:to='lab_fil_GeneralAndAdministrativeExpensesFromRelatedParties'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesIssuedBasic' xlink:label='us-gaap_WeightedAverageNumberOfSharesIssuedBasic'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_WeightedAverageNumberOfSharesIssuedBasic' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Weighted average common shares used in computing earnings per share</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_WeightedAverageNumberOfSharesIssuedBasic' xlink:to='lab_us-gaap_WeightedAverageNumberOfSharesIssuedBasic'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_NetIncomeFeeToRelatedParty' xlink:label='fil_NetIncomeFeeToRelatedParty'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeFeeToRelatedParty' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income fee to related party</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_NetIncomeFeeToRelatedParty' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Amount of fees to relatedparty.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_NetIncomeFeeToRelatedParty' xlink:to='lab_fil_NetIncomeFeeToRelatedParty'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ProvisionOnImpairmentOfNotesReceivableAndRealEstateAssets' xlink:label='fil_ProvisionOnImpairmentOfNotesReceivableAndRealEstateAssets'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ProvisionOnImpairmentOfNotesReceivableAndRealEstateAssets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Provision on impairment of notes receivable and real estate assets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ProvisionOnImpairmentOfNotesReceivableAndRealEstateAssets' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The value of Provision on impairment of notes receivable and real estate assets during the period.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ProvisionOnImpairmentOfNotesReceivableAndRealEstateAssets' xlink:to='lab_fil_ProvisionOnImpairmentOfNotesReceivableAndRealEstateAssets'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare' xlink:label='us-gaap_PreferredStockParOrStatedValuePerShare'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PreferredStockParOrStatedValuePerShare' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred stock Series A, par value</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PreferredStockParOrStatedValuePerShare' xlink:to='lab_us-gaap_PreferredStockParOrStatedValuePerShare'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit' xlink:label='us-gaap_RetainedEarningsAccumulatedDeficit'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RetainedEarningsAccumulatedDeficit' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Retained earnings</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RetainedEarningsAccumulatedDeficit' xlink:to='lab_us-gaap_RetainedEarningsAccumulatedDeficit'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_LossFromDiscontinuedOperationsBeforeGainOnSaleOfRealEstateAndTaxes' xlink:label='fil_LossFromDiscontinuedOperationsBeforeGainOnSaleOfRealEstateAndTaxes'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LossFromDiscontinuedOperationsBeforeGainOnSaleOfRealEstateAndTaxes' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Gain (loss) from discontinued operations before gain on sale of real estate and taxs</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LossFromDiscontinuedOperationsBeforeGainOnSaleOfRealEstateAndTaxes' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Pretax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LossFromDiscontinuedOperationsBeforeGainOnSaleOfRealEstateAndTaxes' xlink:to='lab_fil_LossFromDiscontinuedOperationsBeforeGainOnSaleOfRealEstateAndTaxes'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_TotalAssets' xlink:label='fil_TotalAssets'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalAssets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total Assets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_TotalAssets' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_TotalAssets' xlink:to='lab_fil_TotalAssets'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_AdvisoryFeeToRelatedParty1' xlink:label='fil_AdvisoryFeeToRelatedParty1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvisoryFeeToRelatedParty1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Advisory fee to related party {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvisoryFeeToRelatedParty1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Advisory fee to related party</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AdvisoryFeeToRelatedParty1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of advisory fee to Related Parties during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AdvisoryFeeToRelatedParty1' xlink:to='lab_fil_AdvisoryFeeToRelatedParty1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PillarMember' xlink:label='fil_PillarMember'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PillarMember' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Pillar</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PillarMember' xlink:to='lab_fil_PillarMember'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_LandHeldForDevelopment3' xlink:label='fil_LandHeldForDevelopment3'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_LandHeldForDevelopment3' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Land held for development {3}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LandHeldForDevelopment3' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Land held for development</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_LandHeldForDevelopment3' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_LandHeldForDevelopment3' xlink:to='lab_fil_LandHeldForDevelopment3'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_SummaryOfNotesAndInterestPayableAsFollowsAbstract' xlink:label='fil_SummaryOfNotesAndInterestPayableAsFollowsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SummaryOfNotesAndInterestPayableAsFollowsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Summary of notes and interest payable as follows:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SummaryOfNotesAndInterestPayableAsFollowsAbstract' xlink:to='lab_fil_SummaryOfNotesAndInterestPayableAsFollowsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ShareholdersEquityPartnersCapital' xlink:label='fil_ShareholdersEquityPartnersCapital'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ShareholdersEquityPartnersCapital' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Shareholders&apos; equity</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ShareholdersEquityPartnersCapital' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Total of all stockholders&apos; equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity&apos;s stockholders&apos; equity attributable to the parent excludes the amount of stockholders&apos; equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ShareholdersEquityPartnersCapital' xlink:to='lab_fil_ShareholdersEquityPartnersCapital'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_OtherAssets1' xlink:label='fil_OtherAssets1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherAssets1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other assets {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherAssets1' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Other assets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherAssets1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OtherAssets1' xlink:to='lab_fil_OtherAssets1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncReserveAtWhiteRockPhaseIi1' xlink:label='fil_UnifiedHousingFoundationIncReserveAtWhiteRockPhaseIi1'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncReserveAtWhiteRockPhaseIi1' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Reserve at White Rock Phase II) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncReserveAtWhiteRockPhaseIi1' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncReserveAtWhiteRockPhaseIi1' xlink:to='lab_fil_UnifiedHousingFoundationIncReserveAtWhiteRockPhaseIi1'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_UnifiedHousingFoundationIncLakeshoreVillas11' xlink:label='fil_UnifiedHousingFoundationIncLakeshoreVillas11'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncLakeshoreVillas11' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Unified Housing Foundation, Inc. (Lakeshore Villas) (1)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_UnifiedHousingFoundationIncLakeshoreVillas11' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_UnifiedHousingFoundationIncLakeshoreVillas11' xlink:to='lab_fil_UnifiedHousingFoundationIncLakeshoreVillas11'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_HghResidentialIncParkWestIApts' xlink:label='fil_HghResidentialIncParkWestIApts'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_HghResidentialIncParkWestIApts' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>HGH Residential, Inc. (Park West I Apts)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_HghResidentialIncParkWestIApts' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of notes receivable due from related parties</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_HghResidentialIncParkWestIApts' xlink:to='lab_fil_HghResidentialIncParkWestIApts'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_RecordedAGainOnTheSale' xlink:label='fil_RecordedAGainOnTheSale'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_RecordedAGainOnTheSale' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Recorded a gain on the sale</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_RecordedAGainOnTheSale' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The amount of the gain recorded in connection with the transaction involving the sale of property</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_RecordedAGainOnTheSale' xlink:to='lab_fil_RecordedAGainOnTheSale'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ReconcilesOfTheRelatedPartyPayableDueToPillarTextBlock' xlink:label='fil_ReconcilesOfTheRelatedPartyPayableDueToPillarTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ReconcilesOfTheRelatedPartyPayableDueToPillarTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Reconciles of the related party receivable from payable due to Pillar {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ReconcilesOfTheRelatedPartyPayableDueToPillarTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Reconciles of the related party receivable from payable due to Pillar</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_ReconcilesOfTheRelatedPartyPayableDueToPillarTextBlock' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Tabular disclosure for reconciles the beginning and ending balances of the related party payable due to Pillar as of</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ReconcilesOfTheRelatedPartyPayableDueToPillarTextBlock' xlink:to='lab_fil_ReconcilesOfTheRelatedPartyPayableDueToPillarTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_ScheduleOfInvestmentInUnconsolidatedInvesteesAbstract' xlink:label='fil_ScheduleOfInvestmentInUnconsolidatedInvesteesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_ScheduleOfInvestmentInUnconsolidatedInvesteesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>SCHEDULE OF INVESTMENT IN UNCONSOLIDATED INVESTEES</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_ScheduleOfInvestmentInUnconsolidatedInvesteesAbstract' xlink:to='lab_fil_ScheduleOfInvestmentInUnconsolidatedInvesteesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock' xlink:label='us-gaap_ConsolidationPolicyTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ConsolidationPolicyTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Principles of Consolidation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ConsolidationPolicyTextBlock' xlink:to='lab_us-gaap_ConsolidationPolicyTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_CommitmentAndContingenciesAbstract' xlink:label='fil_CommitmentAndContingenciesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CommitmentAndContingenciesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>COMMITMENTS AND CONTINGENCIES AND LIQUIDITY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CommitmentAndContingenciesAbstract' xlink:to='lab_fil_CommitmentAndContingenciesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock' xlink:label='us-gaap_SegmentReportingDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SegmentReportingDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>OPERATING SEGMENTS {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SegmentReportingDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>OPERATING SEGMENTS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_SegmentReportingDisclosureTextBlock' xlink:to='lab_us-gaap_SegmentReportingDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' xlink:label='us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net decrease in cash and cash equivalents</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' xlink:to='lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToDevelopRealEstateAssets' xlink:label='us-gaap_PaymentsToDevelopRealEstateAssets'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PaymentsToDevelopRealEstateAssets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Improvement of land held for development</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PaymentsToDevelopRealEstateAssets' xlink:to='lab_us-gaap_PaymentsToDevelopRealEstateAssets'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireRealEstateHeldForInvestment' xlink:label='us-gaap_PaymentsToAcquireRealEstateHeldForInvestment'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PaymentsToAcquireRealEstateHeldForInvestment' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Investment in unconsolidated real estate entities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PaymentsToAcquireRealEstateHeldForInvestment' xlink:to='lab_us-gaap_PaymentsToAcquireRealEstateHeldForInvestment'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_AcquisitionOfIncomeProducingProperties' xlink:label='fil_AcquisitionOfIncomeProducingProperties'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_AcquisitionOfIncomeProducingProperties' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Acquisition of income producing properties</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_AcquisitionOfIncomeProducingProperties' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Acquisition of income producing properties during the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_AcquisitionOfIncomeProducingProperties' xlink:to='lab_fil_AcquisitionOfIncomeProducingProperties'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare' xlink:label='us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income from discontinued operations {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Net income from discontinued operations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare' xlink:to='lab_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PreferredStockSeriesKLiquidationPreferencePerShare' xlink:label='fil_PreferredStockSeriesKLiquidationPreferencePerShare'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockSeriesKLiquidationPreferencePerShare' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred stock Series K, liquidation preference per share</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockSeriesKLiquidationPreferencePerShare' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PreferredStockSeriesKLiquidationPreferencePerShare' xlink:to='lab_fil_PreferredStockSeriesKLiquidationPreferencePerShare'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PreferredStockSeriesASharesHeldBySubsidiaries' xlink:label='fil_PreferredStockSeriesASharesHeldBySubsidiaries'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockSeriesASharesHeldBySubsidiaries' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Preferred stock Series A, liquidation preference shares</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PreferredStockSeriesASharesHeldBySubsidiaries' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>Liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PreferredStockSeriesASharesHeldBySubsidiaries' xlink:to='lab_fil_PreferredStockSeriesASharesHeldBySubsidiaries'/>
		<link:loc xlink:type='locator' xlink:href='arl-20140930.xsd#fil_PerformingNotesAndInterestReceivable' xlink:label='fil_PerformingNotesAndInterestReceivable'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_PerformingNotesAndInterestReceivable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Performing (including $147,978 in 2014 and $145,754 in 2013 from related parties)</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_PerformingNotesAndInterestReceivable' xlink:role='http://www.xbrl.org/2003/role/documentation' xml:lang='en-US'>The carrying value of performing notes and interest receivable as of the date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_PerformingNotesAndInterestReceivable' xlink:to='lab_fil_PerformingNotesAndInterestReceivable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet' xlink:label='us-gaap_RealEstateInvestmentPropertyNet'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RealEstateInvestmentPropertyNet' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total real estate</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RealEstateInvestmentPropertyNet' xlink:to='lab_us-gaap_RealEstateInvestmentPropertyNet'/>
	</link:labelLink>
</link:linkbase>
