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PREFERRED STOCK (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands |  |  | 12 Months Ended |
--- | --- | --- | --- | ---
Apr. 09, 2015 | Jul. 17, 2014 | Dec. 31, 2015 | Dec. 31, 2014
Number of preferred stock authorized (in shares) |  |  | 15,000,000 | 15,000,000
Preferred stock, par value (in dollars per share) |  |  | $ 2.00 | $ 2.00
Number of preferred stock outstanding (in shares) |  |  | 2,000,614 | 2,461,252
Number of shares held by subsidiaries (in shares) |  |  | 2,000,614 |
RAI [Member] |  |  |  |
Number of preferred stock outstanding (in shares) |  |  | 1,100,000 |
Number of shares converted | 460,638 |  |  |
Accumulated dividends unpaid upon conversion | $ 2,300 |  | $ 8,600 |
Number of common stock issued for conversion | 1,486,741 |  |  |
Series A 10.0% Cumulative Convertible Preferred Stock [Member] |  |  |  |
Number of preferred stock authorized (in shares) |  |  | 15,000,000 |
Preferred stock, par value (in dollars per share) |  |  | $ 2.00 |
Preferred stock, liquidation preference |  |  | $ 10 |
Description of dividend payable |  |  | Dividends are payable at the annual rate of $1.00 per share or $.25 per share quarterly to stockholders of record on the last day of each March, June, September and December. |
Description of conversion |  |  | The Series A Preferred Stock may be converted into ARL common stock at 90.0% of the average daily closing price of ARL’s common stock for the prior 20 trading days. |
Number of preferred stock outstanding (in shares) |  |  | 2,000,614 |
Number of shares held by subsidiaries (in shares) |  |  | 900,000 |
Series A 10.0% Cumulative Convertible Preferred Stock [Member] | RAI [Member] |  |  |  |
Number of preferred stock outstanding (in shares) |  | 2,451,435 |  |
Accrued dividends unpaid |  | $ 15,100 |  |
Number of shares converted |  | 890,797 |  |
Accumulated dividends unpaid upon conversion |  | $ 6,300 |  |
Number of common stock issued for conversion |  | 2,502,230 |  |
Series D 9.50% Cumulative Preferred Stock [Member] |  |  |  |
Number of preferred stock authorized (in shares) |  |  | 91,000 |
Preferred stock, par value (in dollars per share) |  |  | $ 2.00 |
Preferred stock, liquidation preference |  |  | $ 20 |
Description of dividend payable |  |  | Dividends are payable at the annual rate of $1.90 per year or $.475 per quarter to stockholders of record on the last day of each March, June, September and December when and as declared by the Board of Directors. |
Description of conversion |  |  | The Series D Preferred Stock is reserved for the conversion of the Class A limited partner units of Ocean Beach Partners, L.P. The Class A units may be exchanged for Series D Preferred Stock at the rate of 20 Class A units for each share of Series D Preferred Stock. |
Series E 6.0% Cumulative Preferred Stock [Member] |  |  |  |
Number of preferred stock authorized (in shares) |  |  | 500,000 |
Preferred stock, par value (in dollars per share) |  |  | $ 2.00 |
Preferred stock, liquidation preference |  |  | $ 10 |
Description of dividend payable |  |  | Dividends are payable at the annual rate of $0.60 per share or $0.15 per quarter to stockholders of record on the last day of each March, June, September and December when and as declared by the Board of Directors. |
Series J 8% Cumulative Convertible Preferred Stock [Member] |  |  |  |
Number of preferred stock authorized (in shares) |  |  | 100,000 |
Preferred stock, par value (in dollars per share) |  |  | $ 2.00 |
Preferred stock, liquidation preference |  |  | $ 1,000 |
Description of dividend payable |  |  | Dividends are payable at the annual rate of $80 per share, or $20 per quarter, to stockholders of record on the last day of each of March, June, September and December, when and as declared by the Board of Directors. |
Series K Convertible Preferred Stock [Member] | Transcontinential Realty Investors [Member] |  |  |  |
Preferred stock held by subsidiary |  |  | 135,000 |

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