XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.3.1.900

SCHEDULE IV MORTGAGE LOANS | 12 Months Ended
--- | ---
Dec. 31, 2015
Mortgage Loans on Real Estate [Abstract] |
MORTGAGE LOANS | SCHEDULE IV AMERICAN REALTY INVESTORS, INC. MORTGAGE LOANS December 31, 2015
Description |  | Interest Rate |  | Final Maturity Date |  | Periodic Payment Terms |  | Prior Liens |  | Face Amount of Mortgage |  | Carrying Amount of Mortgage |  | Principal or Loans Subject to Delinquent Principal or Interest
|  |  |  |  |  |  |  | (dollars in thousands) |  |
Christine Tunney |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 49 |  | 48 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compton Partners |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 289 |  | 289 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
David Monier |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 97 |  | 97 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earl Samson III |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 96 |  | 96 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Edward Samson III |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 96 |  | 96 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
H198, LLC |  | 12.00% |  | 01/20 |  |  |  |  |  | 5,907 |  | 5,907 |  |
Las Vegas Land |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hammon Operating Corporation |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 193 |  | 193 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Harold Wolfe |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 193 |  | 193 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Herrick Partners |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 91 |  | 91 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mary Anna MacLean |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 193 |  | 193 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Michael Monier |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 304 |  | 304 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Michale Witte |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 96 |  | 96 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Palmer Brown Madden |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 96 |  | 96 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Richard Schmaltz |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 203 |  | 203 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Robert Baylis |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 193 |  | 193 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sherman Bull |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 193 |  | 193 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Cliffs of El Dorado/UH of McKinney,LLC) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 12,663 |  | 2,469 |  | 2,097 |  | —
100% Interest in UH of Mckinney, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Echo Station) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 9,719 |  | 1,809 |  | 1,481 |  | —
100% Interest in UH of Temple, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
SCHEDULE IV (Continued) AMERICAN REALTY INVESTORS, INC. MORTGAGE LOANS December 31, 2015
Description |  | Interest Rate |  | Final Maturity Date |  | Periodic Payment Terms |  | Prior Liens |  | Face Amount of Mortgage |  | Carrying Amount of Mortgage |  | Principal or Loans Subject to Delinquent Principal or Interest
|  |  |  |  |  |  |  | (dollars in thousands) |  |
Unified Housing Foundation, Inc. (Inwood on the Park/UH of Inwood,LLC) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 22,227 |  | 5,462 |  | 5,059 |  | —
100% Interest in UH of Inwood, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Kensington Park/UH of Kensington,LLC) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 18,723 |  | 4,310 |  | 3,933 |  | —
100% Interest in UH of Kensington, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble,LLC) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 15,756 |  | 8,836 |  | 6,368 |  | —
Interest in Unified Housing Foundation Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble,LLC) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 15,965 |  | 2,959 |  | 2,732 |  | —
100% Interest in HFS of Humble, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Limestone Canyon) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 13,621 |  | 9,216 |  | 7,293 |  | —
100% Interest in UH of Austin, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Limestone Ranch) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 18,641 |  | 12,335 |  | 7,953 |  | —
100% Interest in UH of Vista Ridge, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Parkside Crossing) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 11,544 |  | 2,772 |  | 2,272 |  | —
100% Interest in UH of Parkside Crossing, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Reserve at White Rock I) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 15,640 |  | 2,794 |  | 2,485 |  | —
100% Interest in UH of Harvest Hill I, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Reserve at White Rock II) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 14,026 |  | 2,843 |  | 2,555 |  | —
100% Interest in UH of Harvest Hill, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Sendero Ridge) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 22,984 |  | 12,663 |  | 9,303 |  | —
100% Interest in UH of Sendero Ridge, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Timbers of Terrell) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 7,294 |  | 1,702 |  | 1,323 |  | —
100% Interest in UH of Terrell, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Tivoli) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 10,398 |  | 12,761 |  | 7,966 |  | —
100% Interest in UH of Tivoli, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unified Housing Foundation, Inc. (Trails at White Rock) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 21,712 |  | 4,245 |  | 3,815 |  | —
100% Interest in UH of Harvest Hill III, LLC |  |  |  |  |  |  |  |  |  |  |  |  |  |
William H. Ingram |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 96 |  | 96 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
William S. Urkiel |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 97 |  | 97 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  | —
Willingham Revocable Trust |  | 10.00% |  | 09/17 |  | Interest only paid quarterly. |  | — |  | 96 |  | 96 |  | —
Class A limited partnership interests in Edina Park Plaza Associates, L.P. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Various related party notes |  | various |  | various |  | Excess cash flow |  |  |  | 1,349 |  | 1,349 |  |
Various non-related party notes |  | various |  | various |  |  |  | — |  | 496 |  | 496 |  | —
SCHEDULE IV (Continued) AMERICAN REALTY INVESTORS, INC. MORTGAGE LOANS December 31, 2015
Description |  | Interest Rate |  | Final Maturity Date |  | Periodic Payment Terms |  | Prior Liens |  | Face Amount of Mortgage |  | Carrying Amount of Mortgage |  | Principal or Loans Subject to Delinquent Principal or Interest
|  |  |  |  |  |  |  | (dollars in thousands) |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | —
Leman Development, Ltd. (1) |  | 0.00% |  | N/A |  |  |  | — |  | 1,500 |  |  | 1,500 |  | —
One Realco Corporation (1) |  | 3.00% |  | 01/17 |  | Interest and principal due at maturity. |  | — |  | 10,000 |  |  | 7,000 |  | —
Realty Advisors Management, Inc. |  | 2.28% |  | 12/16 |  | Interest only paid quarterly. |  | — |  | 20,387 |  |  | 20,387 |  | —
Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble,LLC) |  | 12.00% |  | 12/32 |  | Excess cash flow |  | 15,965 |  | 2,189 |  |  | 2,000 |  | —
Unified Housing Foundation, Inc. |  | 12.00% |  | 12/15 |  | Excess cash flow |  |  |  | 2,665 |  |  | 2,665 |  | —
Unified Housing Foundation, Inc. |  | 12.00% |  | 12/16 |  | Excess cash flow |  |  |  | 3,657 |  |  | 3,657 |  | —
Unified Housing Foundation, Inc. |  | 12.00% |  | 12/17 |  | Excess cash flow |  |  |  | 1,207 |  |  | 1,207 |  | —
Unified Housing Foundation, Inc. |  | 12.00% |  | 06/17 |  | Excess cash flow |  |  |  | 1,261 |  |  | 1,261 |  | —
Unified Housing Foundation, Inc. |  | 12.00% |  | 12/18 |  | Excess cash flow |  |  |  | 3,994 |  |  | 3,994 |  |
Unified Housing Foundation, Inc. |  | 12.00% |  | 12/18 |  | Excess cash flow |  |  |  | 6,407 |  |  | 6,407 |  |
Various related party notes |  | various |  | various |  | Excess cash flow |  | — |  | 1,420 |  |  | 1,420 |  | —
Various non-related party notes |  | various |  | various |  |  |  |  |  | 503 |  |  | 503 |  |
|  |  |  |  |  |  |  |  |  |  |  | $ | 129,059 |  |
|  |  |  |  |  |  |  | Accrued interest |  |  | 8,221 |  |
|  |  |  |  |  |  |  | Allowance for estimated losses |  |  | (17,037 | ) |
|  |  |  |  |  |  |  |  |  |  |  | $ | 120,243 |  |
(1) Fully reserved SCHEDULE IV (Continued) AMERICAN REALTY INVESTORS, INC. MORTGAGE LOANS As of December 31,
|  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (dollars in thousands) |
Balance at January 1, |  | $ | 152,645 |  |  | $ | 156,415 |  |  | $ | 125,173 |
Additions |  |  |  |  |  |  |  |  |  |  |  |
New mortgage loans |  |  | 18,055 |  |  |  | 32,380 |  |  |  | — |
Funding of existing loans |  |  | — |  |  |  | — |  |  |  | 22,445 |
Increase (decrease) of interest receivable on mortgage loans |  |  | 11,130 |  |  |  | (10,097 | ) |  |  | 13,267 |
Deductions |  |  |  |  |  |  |  |  |  |  |  |
Amounts received |  |  | (16,486 | ) |  |  | (25,492 | ) |  |  | (3,327 | )
Non-cash reductions |  |  | (28,064 | ) |  |  | (561 | ) |  |  | (1,143 | )
Balance at December 31, |  | $ | 137,280 |  |  | $ | 152,645 |  |  | $ | 156,415 |

X
- References No definition available. + Details
Name: | us-gaap_MortgageLoansOnRealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for mortgage loans on real estate, this includes the supplemental information pertaining to each mortgage loan receivable that equals or exceeds three percent of the carrying amount of mortgages. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -URI http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04.(c) Schedule IV) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 + Details
Name: | us-gaap_MortgageLoansOnRealEstateByLoanDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration