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Schedule III REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2015

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

REAL ESTATE AND ACCUMULATED DEPRECIATION

Schedule III

AMERICAN REALTY INVESTORS, INC.
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2015

											Cost Capitalized
											Subsequent to			Asset			Gross Amounts of Which																		Life on Which
					Initial Cost						Acquisition			Impairment			Carried at End of Year																		Depreciation
																																			In Latest
																																			Statement
								Building &						Asset						Building &						Accumulated			Date of			Date			of Operation
Property/Location		Encumbrances			Land			Improvements			Improvements			Impairment			Land			Improvements			Total			Depreciation			Construction			Acquired			is Computed
		(dollars in thousands)
Properties Held for Investment Apartments
Anderson Estates, Oxford, MS			822			378			2,683			313			—			378			2,996			3,373			665			2003			01/06			40 years
Blue Lake Villas I, Waxahachie, TX			10,725			526			10,784			(601	)		—			526			10,184			10,710			3,274			2003			01/02			40 years
Blue Lake Villas II, Waxahachie, TX			3,894			287			4,451			45			—			287			4,496			4,783			907			2004			01/04			40 years
Breakwater Bay, Beaumont, TX			9,427			740			10,435			63			—			740			10,498			11,238			2,856			2004			05/03			40 years
Bridgewood Ranch, Kaufman, TX			6,444			762			6,856			9			—			762			6,865			7,627			1,377			2007			04/08			40 years
Capitol Hill, Little Rock, AR			9,043			1,860			7,948			55			—			1,860			8,002			9,862			2,300			2003			03/03			40 years
Centennial, Oak Ridge, TN			21,061			2,570			22,588			—			—			2,570			22,588			25,159			235			2011			07/14			40 years
Curtis Moore Estates, Greenwood, MS			1,486			186			5,733			886			—			186			6,618			6,805			1,606			2003			01/06			40 years
Crossing at Opelika, Opelika, AL			13,790			1,579			14,215			—			—			1,579			14,215			15,794			—			2015			12/15			40 years
Dakota Arms, Lubbock, TX			12,514			921			12,644			231			—			921			12,875			13,796			3,538			2004			01/04			40 years
David Jordan Phase II, Greenwood, MS			574			51			1,521			269			—			51			1,790			1,841			417			1999			01/06			40 years
David Jordan Phase III, Greenwood, MS			588			83			2,115			420			—			83			2,535			2,618			530			2003			01/06			40 years
Desoto Ranch, DeSoto, TX			15,352			1,472			17,856			(1,130	)		—			1,472			16,725			18,197			4,977			2002			05/02			40 years
Falcon Lakes, Arlington, TX			12,739			1,438			15,094			(836	)		—			1,438			14,258			15,696			4,860			2001			10/01			40 years
Heather Creek, Mesquite, TX			11,342			1,326			12,015			69			—			1,326			12,084			13,410			3,321			2003			03/03			40 years
Holland Lake, Weatherford, TX			11,823			1,449			14,612			—			—			1,449			14,612			16,061			244			2004			05/14			40 years
Lake Forest, Houston, TX			12,199			335			12,267			1,553			—			335			13,820			14,155			3,568			2004			01/04			40 years
Legacy at Pleasant Grove, Texarkana, TX			15,009			2,005			17,892			—			—			2,005			17,892			19,897			485			2006			12/14			40 years
Lodge at Pecan Creek, Denton, TX			16,383			1,349			16,180			—			—			1,349			16,180			17,529			1,685			2011			10/05			40 years
Mansions of Mansfield, Mansfield, TX			15,604			977			17,799			54			—			977			17,853			18,829			3,014			2009			09/05			40 years
Mission Oaks, San Antonio, TX			14,900			1,266			16,627			212			—			1,266			16,839			18,105			3,659			2005			05/05			40 years
Monticello Estate, Monticello, AR			458			36			1,493			263			—			36			1,756			1,793			385			2001			01/06			40 years
Northside on Travis, Sherman, TX			13,319			1,301			14,560			—			—			1,301			14,560			15,861			2,305			2009			10/07			40 years
Oak Hollow, Sequin, TX			10,885			1,435			12,405			—						1,435			12,405			13,840			155			2011			07/14			40 years
Overlook at Allensville, Sevierville, TN			11,487			1,228			12,297									1,228			12,297			13,524			252			2012			10/15			40 years
Parc at Clarksville, Clarksville, TN			12,869			571			14,300			118			—			571			14,419			14,990			2,658			2007			06/02			40 years
Parc at Denham Springs, Denham Springs, LA			18,780			1,022			20,188			8			—			1,022			20,195			21,218			2,506			2011			07/07			40 years
Parc at Maumelle, Little Rock, AR			15,942			1,153			17,688			542			—			1,153			18,230			19,383			4,252			2006			12/04			40 years
Parc at Metro Center, Nashville, TN			10,478			960			12,226			543			—			960			12,769			13,729			3,047			2006			05/05			40 years
Parc at Rogers, Rogers, AR			20,750			1,482			22,993			286			(3,180	)		1,482			20,099.69			21,582			3,823			2007			04/04			40 years
Preserve at Pecan Creek, Denton, TX			14,489			885			16,626			59			—			885			16,685			17,570			3,054			2008			10/05			40 years
Preserve at Prairie Pointe, Lubbock, TX			10,181			1,074			10,603			178						1,074			10,782			11,856			182			2005			04/15			40 years
Riverwalk Phase I, Greenville, MS			292			23			1,537			180			—			23			1,718			1,741			425			2003			01/06			40 years
Riverwalk Phase II, Greenville, MS			1,123			52			4,007			376			—			52			4,383			4,435			1,364			2003			01/06			40 years
Sonoma Court, Rockwall, TX			10,754			941			11,074						—			941			11,074			12,014			1,223			2011			07/10			40 years
Sugar Mill, Baton Rouge, LA			11,396			1,437			13,367			160			—			1,437			13,527			14,964			2,160			2009			08/08			40 years
Toulon, Gautier, MS			20,600			1,621			20,107			372			—			1,621			20,479			22,099			2,262			2011			09/09			40 years
Tradewinds, Midland, TX			15,601			3,542			19,939									3,542			19,939			23,481			249			2015			06/15			40 years
Treehouse, Irving, TX			5,642			312			2,807			286			—			312			3,093			3,405			831			1974			05/04			40 years
Villager, Ft. Walton, FL			753			156			1,408									156			1,408			1,564			21			1972			06/15			40 years
Villas at Park West I, Pueblo, CO			10,565			1,171			10,453						—			1,171			10,453			11,624			283			2005			12/14			40 years
Villas at Park West II, Pueblo, CO			9,554			1,463			13,060			—			—			1,463			13,060			14,523			354			2010			12/14			40 years
Vista Ridge, Tupelo, MS			10,786			1,339			13,398									1,339			13,398			14,737			501			2009			10/15			40 years
Vistas of Vance Jackson, San Antonio, TX			15,310			1,265			16,540			189			—			1,265			16,728			17,993			4,308			2004			01/04			40 years
Waterford, Roseberg, TX			16,069			2,349			20,880									2,349			20,880			23,229			261			2013			06/14			40 years
Westwood, Mary Ester, FL			4,244			692			6,650									692			6,650			7,343			97			1972			06/15			40 years
Whispering Pines, Topeka, KS			8,720			289			4,831			1,274						289			6,105			6,393			5,674			1974			04/15			40 years
Windsong, Fort Worth, TX			10,734			790			11,526			69			—			790			11,595			12,385			3,429			2002			07/03			40 years
Total Apartments Held for Investment		$	507,498		$	50,150		$	569,276		$	6,515		$	(3,180	)	$	50,150		$	572,611		$	622,761		$	89,576
Apartments Under Construction
Parc at Mansfield, Mansfield, TX			9,544			543			—			10,457			—			543			10,457			11,001			—			—			12/14			—
Terra Lago, Rowlett, TX			136			(1,142	)					3,329						(1,142	)		3,329			2,186						—			11/15			—
Eagle Crossing, Dallas, TX			1,459			4,380						663						4,380			663			5,043						—			11/15			—
Total Apartments Under Construction		$	11,139		$	3,781		$	—		$	14,449		$	—		$	3,781		$	14,449		$	18,230		$	—

Schedule III

AMERICAN REALTY INVESTORS, INC.
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2015

											Cost Capitalized
											Subsequent to			Asset			Gross Amounts of Which																		Life on Which
					Initial Cost						Acquisition			Impairment			Carried at End of Year																		Depreciation
																																			In Latest
																																			Statement
								Building &						Asset						Building &						Accumulated			Date of			Date			of Operation
Property/Location		Encumbrances			Land			Improvements			Improvements			Impairment			Land			Improvements			Total			Depreciation			Construction			Acquired			is Computed
		(dollars in thousands)
Commercial
600 Las Colinas, Las Colinas, TX			39,836			5,751			51,759			15,149			—			5,751			66,908			72,659			20,869			1984			08/05			40 years
770 South Post Oak, Houston, TX			12,700			1,755			15,834			26						1,755			15,860			17,615			233			1970			07/15			40 years
Bridgeview Plaza, LaCrosse, WI			5,813			—			—			976			—			—			976			976			437			1979			03/03			40 years
Browning Place (Park West I), Farmers Branch, TX			22,459			5,096			45,868			13,228			—			5,096			59,096			64,192			18,754			1984			04/05			40 years
Cross County Mall, Matoon, IL			—			608			4,891			8,549			—			608			13,440			14,048			12,165			1971			08/79			40 years
Mahogany Run Golf Course, US Virgin Islands			43			7,168			5,942			5			(5,300	)		7,168			647			7,815			173			1981			11/14			40 years
Fruitland Plaza, Fruitland Park, FL			—			23			—			77			—			23			77			100			37			—			05/92			40 years
Senlac VHP, Farmers Branch, TX			—			622			—			142			—			622			142			765			128			—			08/05			40 years
Stanford Center, Dallas, TX			28,000			3,878			34,862			6,447			(9,600	)		3,878			31,709			35,587			7,464			—			06/08			40 years
Thermalloy, Farmers Branch, TX			42			791			1,061			—						791			1,061			1,852			201			—			05/08			40 years
Total Commercial Held for Investment		$	108,893		$	25,693		$	160,217		$	44,600		$	(14,900	)	$	25,693		$	189,916		$	215,609		$	60,462
Land
2427 Valley View Ln, Farmers Branch, TX			—			76						—			—			76			—			76			—			—			07/12			—
Audubon, Adams County, MS			—			519			—			297			—			815			—			815			—			—			03/07			—
Bonneau Land, Farmers Branch, TX			—			1,309			—			—			—			1,309			—			1,309			—			—			12/14			—
Cooks Lane, Fort Worth, TX			604			1,094			—			—			—			1,094			—			1,094			—			—			06/04			—
Dedeaux, Gulfport, MS			—			1,612			—			46			(38	)		1,620			—			1,620			—			—			10/06			—
Denham Springs, Denham Springs, LA			234			339			—			—			—			339			—			339			—			—			08/08			—
Gautier Land, Gautier, MS			—			202			—			—			—			202			—			202			—			—			07/98			—
GNB Land, Farmers Branch, TX			8,695			4,385			—			32			—			4,418			—			4,418			—			—			07/06			—
Hollywood Casino Land Tract II, Farmers Branch, TX			2,814			3,192			—			1,024			—			4,217			—			4,217			—			—			03/08			—
Lacy Longhorn Land, Farmers Branch, TX			—			1,169			—			(760	)		—			408			—			408			—			—			06/04			—
Lake Shore Villas, Humble, TX			—			81			—			3			—			84			—			84			—			—			03/02			—
Lubbock Land, Lubbock, TX			—			234			—			—			—			234			—			234			—			—			01/04			—
Luna Ventures, Farmers Branch TX			—			2,934			—			—			—			2,934			—			2,934			—			—			04/08			—
Mandahl Bay Land			—			667			—			—			—			667						667			—			—			01/05			—
Manhattan Land, Farmers Branch, TX			—			4,799			—			5,703			—			10,502			—			10,502			—			—			02/00			—
McKinney 36, Collin County, TX			1,523			1,564			—			123			(46	)		1,641			—			1,641			—			—			01/98			—
McKinney Ranch Land, McKinney, TX			—			8,537			—			271			(1,363	)		7,445			—			7,445			—			—			12/05			—
Meloy/Portage Land, Kent OH			1,160			5,119			—			—			(1,069	)		4,050			—			4,050			—			—			02/04			—
Minivest Land, Dallas, TX			—			7			—			—			—			7			—			7			—			—			04/13			—
Mira Lago, Farmers Branch, TX			—			59			—			8			—			68			—			68			—			—			05/01			—
Nakash, Malden, MO			—			113			—			(10	)		—			103			—			103			—			—			01/93			—
Nashville, Nashville, TN			—			1,256			—			(271	)		—			986			—			986			—			—			06/02			—
Nicholson Croslin, Dallas, TX			—			184			—			(118	)		—			66			—			66			—			—			10/98			—
Nicholson Mendoza, Dallas, TX			—			80			—			(51	)		—			29			—			29			—			—			10/98			—
Ocean Estates, Gulfport, MS			—			1,418			—			390			—			1,808			—			1,808			—			—			10/07			—
Senlac Land Tract II, Farmers Branch, TX			—			656			—			—			—			656			—			656			—			—			08/05			—
Sugar Mill Land, Baton Rouge, LA			178			445			—			242			—			687			—			687			—			—			08/13			—
Texas Plaza Land, Irving, TX			—			1,738			—			—			(238	)		1,500			—			1,500			—			—			12/06			—
Travis Ranch Land, Kaufman County, TX			757			1,030			—			—			—			1,030			—			1,030			—			—			08/08			—
Travis Ranch Retail, Kaufman City, TX			—			1,517			—			—			—			1,517			—			1,517			—			—			08/08			—
Union Pacific Railroad Land, Dallas, TX			—			130			—			—			—			130			—			130			—			—			03/04			—
Valley View 34 (Mercer Crossing), Farmers Branch, TX			—			1,173			—			(945	)		—			228			—			228			—			—			08/08			—
Waco Swanson, Waco, TX			—			173			—			—			—			173			—			173			—			—			08/06			—
Willowick Land, Pensacola, FL			—			137			—			—			—			137			—			137			—			—			01/95			—
Windmill Farms Land, Kaufman County, TX			26,732			50,428			—			17,192			(21,009	)		46,611			—			46,611			—			—			11/11			—
Total Land Held for Investment		$	42,698		$	98,377		$	—		$	23,176		$	(23,763	)	$	97,790		$	—		$	97,790		$	—

Schedule III

AMERICAN REALTY INVESTORS, INC.
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2015

											Cost Capitalized
											Subsequent to			Asset			Gross Amounts of Which																		Life on Which
					Initial Cost						Acquisition			Impairment			Carried at End of Year																		Depreciation
																																			In Latest
																																			Statement
								Building &						Asset						Building &						Accumulated			Date of			Date			of Operation
Property/Location		Encumbrances			Land			Improvements			Improvements			Impairment			Land			Improvements			Total			Depreciation			Construction			Acquired			is Computed
		(dollars in thousands)
Corporate Departments/Investments/Misc.
TCI - Corporate			130,170			—						—						—			—			—			—			—			—			—
ARI - Corporate			13,064			—			—			—						—			—			—			—			—			—			—
Total Corporate Debt		$	143,234			—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Properties Held for Investment/Corporate Debt		$	813,462		$	178,001		$	729,492		$	88,740		$	(41,843	)	$	177,414		$	776,976		$	954,391		$	150,038
Properties Held for Sale
Commercial
Dunes Plaza, Michigan City, IN			376			—			—			—			—			—			—			—			—			1978			03/92			40 years
Total Commercial Held for Sale		$	376		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Properties Held for Sale		$	376		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Properties Subject to Sales Contract Apartments
																		—			—			—
Total Apartments Subject to Sales Contract		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Commercial
												—												—						—
Total Commercial Subject to Sales Contract		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Land
Dominion Tract, Dallas, TX		$	3,419		$	2,440		$	—		$	(304	)		(133	)	$	2,003		$	—		$	2,003		$	—			—			03/99			—
Hollywood Casino Tract I, Farmers Branch, TX			1,502			3,350			—			(866	)		(176	)	$	2,308			—		$	2,308			—			—			06/02			—
LaDue Land, Farmers Branch, TX			—			1,845			—			—			—		$	1,845			—		$	1,845			—			—			07/98			—
Three Hickory Land, Farmers Branch, TX			—			1,202			—			—			—		$	1,202			—		$	1,202			—			—			03/14			—
Travelers Land, Farmers Branch, TX			—			21,511			—			4			—		$	21,515			—		$	21,515			—			—			11/06			—
Travelers Land, Farmers Branch, TX			—			6,891			—			(4,978	)		—		$	1,913			—		$	1,913			—			—			11/06			—
Valwood Land, Farmers Branch, TX			—			3,332			—			—			—		$	3,332			—		$	3,332			—						03/14
Walker Land, Dallas County, TX			—			19,167			—			(5,993	)		—		$	13,174			—		$	13,174			—			—			09/06			—
Whorton Land, Bentonville, AR			1,032			4,291			—			568			(2,997	)	$	1,862			—		$	1,862			—			—			06/05			—
Total Land Subject to Sales Contract		$	5,953		$	64,028		$	—		$	(11,568	)	$	(3,305	)	$	49,155		$	—		$	49,155		$	—
Total Properties Subject to Sales Contract		$	5,953		$	64,028		$	—		$	(11,568	)	$	(3,305	)	$	49,155		$	—		$	49,155		$	—
Land Sold
Pioneer Crossing Tract I, Austin, TX		$	1,744
Red Cross Land		$	(25	)	$	—		$	—		$	—			—		$	—		$	—		$	—		$	—			—			—			—
Total Land Subject to Sales Contract		$	1,719		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
TOTAL: Real Estate		$	821,510		$	242,029		$	729,492		$	77,172		$	(45,149	)	$	226,569		$	776,976		$	1,003,545		$	150,038

SCHEDULE III

(Continued)

REAL ESTATE AND ACCUMULATED DEPRECIATION

As of December 31,

		2015				2014				2013
		(dollars in thousansds)
Reconciliation of Real Estate
Balance at January 1,		$	831,540			$	848,062			$	1,111,299
Additions
Acquisitions, improvements and construction			216,090				75,945				(22,346	)
Deductions
Sale of real estate			(38,785	)			(92,467	)			(229,661	)
Asset impairments			(5,300	)			—				(11,230	)
Balance at December 31,		$	1,003,545			$	831,540			$	848,062
Reconciliation of Accumulated Depreciation
Balance at January 1,		$	131,777			$	147,768			$	180,866
Additions
Depreciation			20,386				18,077				21,816
Deductions
Sale of real estate			(2,125	)			(34,068	)			(54,914	)
Balance at December 31,		$	150,038			$	131,777			$	147,768

X

- References

No definition available.

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X

- Definition

The entire disclosure of real estate investments and associated accumulated depreciation for entities with a significant portion of their business acquiring and holding investment real estate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 970
-SubTopic 360
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-28)
-URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024

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 III)
-URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674

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